Range Media Partners, a diversified global talent representation and production firm, announced that it has secured a minority investment from Verance Capital, a New York-based growth investment firm focused on sports, media, and entertainment. Verance joins Range’s recently announced new strategic investor group inclusive of Liberty Global, family office Wildcat Capital Management, and family entertainment company Playground Productions to drive growth opportunities, strategic acquisitions, new ventures, and expansion in existing and new verticals and markets.
Range Media Partners launched Range Sports in the summer of 2022, and since then, the division quickly established itself as one of the most dynamic and diversified businesses in the industry, spanning athlete representation, property representation, brand consulting, IP creation, and content production.
Over the past year, Range Sports acquired growth-stage companies within the media rights, athlete marketing, football, golf, and Olympic verticals, solidified its premier reputation as a top representation firm for female athletes, expanded its property rights division with key hires, and continues to expand its content creation ambitions as underscored through its work with the CW Network and the recently announced partnership with the New York Mets.
Launched in 2020 with the backing of Ted Segal, majority owner of the Houston Dynamo and Dash, Verance partners with leading entrepreneurs and management teams, providing early and growth stage capital across sports, media and live entertainment. And Verance’s portfolio includes companies and innovators shaping the future of these industries and highlights the fund’s dedication to new technology, media distribution & content production, and commerce-driven experiences. Through this new strategic partnership and growth funding, Range can further bolster its aspirations across all categories of its business with a dedicated focus on building and/or acquiring high-growth potential, high-value assets in sports.
KEY QUOTES:
“We have been very methodical in building Range Sports, focusing on representation in key verticals and offering best-in-class capabilities in high-value, high-impact arenas. Along with Range Media Partners, we’ve been equally deliberate with identifying an ideal strategic partner to help us accelerate our growth through investments and acquisitions. We are honored to partner with Verance on this new progressive chapter for Range Sports.”
- Will Funk & Greg Luckman, Co-Presidents of Range Sports
“We’re thrilled to partner with the team at Range to help accelerate their expansion across the sports and entertainment landscape. Range has quickly cemented itself as a leader in these verticals, and our complementary portfolio and sector expertise made this a natural partnership. We look forward to a prosperous relationship as Range continues to innovate and scale for the long-term.”
- Lyle Ayes, Founder & CEO of Verance
