FOR IMMEDIATE PUBLICATION Monday, September 26, 2022
NBC Sports Next Acquires Youth Sports Video Streaming Provider, Rapid Replay
Acquisition provides video streaming capabilities for sports teams and tournament operators integrated with SportsEngine See the article : Why violent video games push so many Australians’ buttons.
MINNEAPOLIS, Minn. (September 26, 2022) – NBC Sports Next, a division of NBC Sports and part of NBCUniversal Media, LLC, today announced the acquisition of Rapid Replay, an innovative provider of video streaming solutions.
Rapid Replay is a fast growing provider of event streaming for youth and amateur sports. Rapid Replay simplifies video for team communities by providing an end-to-end suite of video tools for live streaming, post-production and highlight distribution. The company works with high schools, leagues, coaches, parents, athletes and a large network of tournament operators across the youth sports landscape.
“Today, more than ever, youth sports programs rely on video and content capabilities to create an immersive, interactive and educational experience for coaches, athletes and fans,” said Brett MacKinnon , SVP and GM, Youth and Recreational Sports, NBC Sports Next. “We welcome Rapid Replay to the NBC Sports Next family and look forward to accelerating our video streaming capabilities as we continue our commitment to enhancing the youth sports experience.”
“We regularly evaluate opportunities in the market that will provide additional value for our customers and align with our mission to make great events bigger, make sports better and reach passionate sports fans everywhere,” he said. Will McIntosh, EVP, NBC Sports Next. “Rapid Replay’s offerings and capabilities add tremendous value to our customers as the demand for video streaming services for youth and amateur sports continues to grow.”
“Rapid Replay is excited to join the leader and home of youth sports, SportsEngine, and become part of the larger NBC Sports Next organization,” said Nick Busto, CEO of Rapid Replay. “We look forward to providing SportsEngine customers with a wide range of video solutions, while giving our team and existing customers the undeniable support of NBC Sports Next.”
NBC Sports Next is committed to a seamless transition of Rapid Replay customers. Rapid Replay will continue to operate independently with integration efforts planned for 2023. Following the closing of the transaction, NBC Sports Next will welcome Rapid Replay employees to its ever-growing team. Financial terms were not disclosed.
As an alumni of The Farm accelerator, Rapid Replay is also part of Comcast NBCUniversal’s Startup Engagement network, which is Comcast’s comprehensive approach to partnering with startups to create and elevate innovative technologies that benefit customers and company communities. Through these programs, entrepreneurs have access to opportunities with mentors and key decision-makers at the largest brands in Comcast’s portfolio, such as SportsEngine. This is the first portfolio company that Comcast NBCUniversal has acquired from one of its Startup Engagement accelerators.
The youth & The recreational sports group of NBC Sports Next continues to find innovative partners to expand its service offering to its community of athletes, parents, coaches and administrators of sports organizations. More than a million teams, clubs and leagues use SportsEngine HQ to manage their seasons, events and tournaments with registration, coach eligibility and training programs, and more. Through the time-saving and value-added features of these applications, organizations can devote more time to developing their athletes and promoting the love of sports.
NBC Sports Next is a division of NBC Sports and home to all NBCUniversal digital apps in sports and technology in its three groups: Youth & Recreational Sports, Golf, and Betting & games NBC Sports Next, known for its sports technology product innovation, equips more than 30MM players, coaches, athletes, sports administrators and fans in 40 countries with more than 25 sports solutions products, including SportsEngine, a sports club of youth, a league and a team management platform. ; GolfNow, the leading online tee time marketplace and provider of golf course operations technology and services; GolfPass the ultimate golf membership that connects golfers to exclusive content, tee time credits, coaching, tips and other benefits; TeamUnify, swim team management services; GoMotion, sports and fitness business software solutions; and NBC Sports Edge, a leading platform for fantasy sports information and betting-focused tools. NBC Sports Next is fueled by its mission to innovate, create larger-than-life events and connect with sports fans through technology to deliver the ultimate in immersive experiences.
Rapid Replay is a leader in youth and high school streaming, providing video tools that have created nearly 1M videos to date. Rapid Replay’s end-to-end platform offers livestreaming, automated highlights, and game film tools focused on connecting team, fan and athlete communities. For more information, visit: https://rapidreplay.co/.
