NBC Sports Next Acquires Youth Sports Video Streamer Rapid Replay
NBC Sports Next, a division of NBC Sports and part of NBCUniversal Media, LLC, announced today 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,” stated 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 assess opportunities in the market that will provide additional value for our customers and align with our mission to make big events bigger, make playing sports better and reach passionate sports fans everywhere,” stated Will McIntosh, EVP, NBC Sports Next. “Offering the capabilities of Rapid Replay adds tremendous value to our customers as demand for video streaming services for youth and amateur sports continues to grow.”
“Rapid Replay is thrilled to join the leader and home of youth sports, SportsEngine, and become part of the larger NBC Sports Next organization,” stated Nick Busto, CEO, Rapid Replay. “We look forward to providing SportsEngine customers a wide range of video solutions, while giving our existing team and customers the undeniable support of NBC Sports Next.”
NBC Sports Next is committed to a seamless transition of Rapid Replay’s customers. Rapid Replay will continue to operate independently with integration efforts planned for 2023. Upon transaction closing, NBC Sports Next will welcome employees of Rapid Replay 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 a comprehensive approach from Comcast to partner with startups to create and elevate innovative technologies that benefit the company’s customers and communities. Through these programs, entrepreneurs have access to opportunities with mentors and key decision-leaders at the biggest brands across the Comcast portfolio, like SportsEngine. This is the first portfolio company that Comcast NBCUniversal has acquired from one of its Startup Engagement accelerators.
The youth & recreational sports group of NBC Sports Next continues to find innovative partners to expand its service offerings to its community of athletes, parents, coaches and sport organization administrators. More than one 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 dedicate more time to developing their athletes and furthering the love of sport.