WWE invests in subscription-based sports media company
FloSports, a direct-to-consumer, subscription-based sports media company that offers live wrestling, track, grappling, MMA, elite fitness, boxing, softball, gymnastics, basketball, volleyball, tennis, eSports, and cheerleading, today announced that it received $21.2 million in new funding from several investors, including WWE. DCM Ventures and Bertelsmann Digital Media Investments led the financing, with participation from World Wrestling Entertainment, Discovery Communications and existing investor Causeway Media Partners. Just like the WWE Network, FloSports offers its video service over-the-top and has free content as well as a subscription service of $20 a month or $150 a year for live streaming of games and races and archived footage, documentary videos and training videos.
Colin Vassallo has been editor of Wrestling-Online since 1996
