David Levy Joins The Raine Group as Senior Advisor
David Levy has joined The Raine Group as a Senior Advisor. Levy brings over 30 years of sports media, major network broadcasting, and advertising experience to the firm. 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.”
Levy previously served as President of Turner, where he oversaw the company’s domestic broadcast portfolio, as well as its domestic ad sales and distribution businesses. During his 30 years at Turner, Levy increased investment in original premium content across the portfolio, leading to 33 Emmy Award nominations in 2018. Additionally, Levy led Turner to become a leader in broadcast sports, negotiating landmark deals with the NCAA, PGA, NBA, MLB, as well as expanding the network’s premium international sports offerings.
“I have been fortunate to know David for over 25 years and witnessed his tremendous impact on the sports and entertainment industry,” says Raine Group co-founder Joe Ravitch. “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.”
The Raine Group is highly active in the sports advisory and investing space. Recently the firm was appointed by FIFA to assist with its plans for the Club World Cup, helped Manchester City raise $500 million from Silver Lake, advised Endeavor on its acquisition of On Location Experiences, and worked with FC Cincinnati to raise $100 million from Meg Whitman. The firm has invested in DraftKings, Beachbody, Thrill One Entertainment, Premier Lacrosse League and Reigning Champs.
David is a legendary figure in sports and media who brings a creative, forward-thinking approach to opportunities and problem solving,” says Raine Group partner Colin Neville, who leads Raine’s sports practice. “We are excited to partner with David and know he will be a major asset for our portfolio companies and clients.”