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Versant to Buy Full Swing for $530 Million, Boosting Golf Tech & DTC Growth
business15 days ago

Versant to Buy Full Swing for $530 Million, Boosting Golf Tech & DTC Growth

Versant Media unveiled plans to acquire Full Swing, a golf-simulation and performance-data firm, for $530 million in cash from Bruin Capital and minority investors. The deal aims to expand Versant’s direct-to-consumer golf footprint (through Golf Channel, GolfNow, and GolfPass) and build a broader multi-sport tech platform for athletes, coaches, and fans, with a target of a 50/50 revenue split between new digital/DTC businesses and legacy media. Full Swing CEO Ryan Dotters will report to Versant president of digital platforms Will McIntosh, and closing is expected in the second half of 2026.

via Variety|
#530-million#acquisition#business
Versant Expands Golf Tech Footprint with $530 Million Full Swing Buy
business15 days ago

Versant Expands Golf Tech Footprint with $530 Million Full Swing Buy

Versant is paying $530 million in cash to acquire Full Swing, a sports-technology company known for advanced golf simulators and analytics, from Bruin Capital and minority investors. The deal expands Versant’s Golf Channel–anchored portfolio (Golf Channel, GolfPass, GolfNow) by adding Full Swing’s analytics and simulator entertainment across sports, marking the company’s largest acquisition to date.

via The Hollywood Reporter|
#acquisition#business#full-swing
Versant Snaps Up Full Swing, Bolstering Its Multi-Sport Tech Platform
business15 days ago

Versant Snaps Up Full Swing, Bolstering Its Multi-Sport Tech Platform

Versant Media Group agreed to acquire sports-tech firm Full Swing for $530 million in cash, folding Full Swing into Versant’s golf-focused and broader digital-platform portfolio. Full Swing’s hardware and software serve athletes, coaches, venues and fans, helping expand Versant’s non-linear, interactive sports offerings. CEO Ryan Dotters will join Versant and report to Will McIntosh, with the deal expected to close in the second half of 2026.

via Deadline|
#acquisition#bruin-capital#business
Versant buys Full Swing to boost golf-tech portfolio for $530 million
business15 days ago

Versant buys Full Swing to boost golf-tech portfolio for $530 million

Versant Media Group will acquire Full Swing, a golf-simulation hardware/software maker, from Bruin Capital for about $530 million in cash, expanding Versant’s golf and digital-platform assets (Golf Channel, GolfNow, GolfPass). Full Swing's technology will be scaled under Versant, with CEO Ryan Dotters remaining and reporting to Will McIntosh; the deal is expected to close by year-end.

via CNBC|
#acquisition#bruin-capital#business
MS NOW Reshapes Weekends as Witt Exits for Streaming Push
business25 days ago

MS NOW Reshapes Weekends as Witt Exits for Streaming Push

MS NOW is ending its live weekend Primetime block as part of a cost-cutting push to fund a direct-to-consumer streaming service and expanded live events. Veteran anchor Alex Witt is departing; Antonia Hylton will take over her midday slots, with 20 hours of live weekend programming still on air. Per a memo from MS NOW President Rebecca Kutler, layoffs are expected to be minimal and about 40 new openings will be available for affected staff; the network will also pursue taped content and podcast partnerships, and Peter Alexander is set to anchor the weekday 11 a.m. slot in the future.

via Los Angeles Times|
#alex-witt#antonia-hylton#business
Versant Q1 2026: Digital Growth Offsets Pay-TV Slump
business2 months ago

Versant Q1 2026: Digital Growth Offsets Pay-TV Slump

Versant Media, the NBCUniversal spinout behind CNBC, posted Q1 2026 results with revenue of $1.69 billion, down ~1% as linear pay-TV and advertising declined, while licensing surged 113.5% and platforms revenue rose 9.5%; net income fell 22% to $286 million, but adjusted EBITDA was up about 5% on a standalone basis. The company also raised its dividend to 37.5 cents per share and announced a $100 million accelerated share repurchase as it continues to rebalance away from traditional pay TV in its first quarter as an independent company.

via CNBC|
#business#digital-platforms#earnings
Versant's First Earnings Report Tests Cable TV's Rebound Prospects
business4 months ago

Versant's First Earnings Report Tests Cable TV's Rebound Prospects

Versant Media Group, the Comcast spinoff behind CNBC, USA Network, Fandango and other properties, will publish its first quarterly results as a public company, offering the market its initial view of a pay-TV–heavy asset mix as the sector grapples with subscriber declines and a pivot toward digital and ad-supported services; the company emphasizes long-term carriage deals, aims for a 50/50 revenue split by 2026 between pay TV and digital platforms, and is pursuing growth via direct-to-consumer initiatives and strategic acquisitions.

via CNBC|
#business#cable-networks#nasdaq