The Raine Group, a global merchant bank focused exclusively on technology, media and telecommunications, announced that David Levy has joined the firm as a Senior Advisor.
Levy has over 30 years of sports media, major network broadcasting and advertising experience. He will work with Raine on identifying and executing investment and advisory opportunities and will be based in New York.
“The Raine Group is a leader in the world of modern sports content, and I’m thrilled to be a part of the firm as they work closely with leagues, conferences, and team owners around innovative opportunities and new business ideas, as well as help Raine continue to develop their portfolio’s broadcasting and digital media offerings,” said Levy. “I believe that a new wave of innovation is just beginning, and it’s exciting to be a part of a firm on the forefront of that movement.”
Prior to this role, Levy served as President of Turner, where he oversaw the company’s domestic broadcast portfolio, as well as its domestic ad sales and distribution businesses.
Raine Group co-founder Joe Ravitch said, “I have been fortunate to know David for over 25 years and witnessed his tremendous impact on the sports and entertainment industry. David’s history of innovation, execution and successful investing in the space, along with his strong track record in digital media and new business models, will help Raine remain on the cutting edge of this new chapter in our industries.”
Raine Group partner Colin Neville who leads Raine’s sports practice said, “David is a legendary figure in sports and media who brings a creative, forward-thinking approach to opportunities and problem solving. We are excited to partner with David and know he will be a major asset for our portfolio companies and clients.”
The Raine Group is a global merchant bank focused exclusively on technology, media, and telecommunications. The firm has offices in New York, San Francisco, Los Angeles, London, Shanghai, and Mumbai.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.