X Games

3 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Mar 23, 2023 by David Abrams · said 3 times in 2 episodes since 2019 · across every show →

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Everything said about X Games, oldest first

Mar 23, 2023 positive
Disclosure
Velocity Capital Management invested in carving out the X Games from Disney
“Ultimately after a lot of stop and start negotiations and a long year-long discussion, it was carved out of Disney and the transaction closed in October, and given Arnie's historical knowledge of it and relationship, we invested in it in Velocity.”
David Abrams Mar 23, 2023 ▶ 43:37 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Mar 23, 2023 neutral
Assertion Not checkable as stated
The X Games historically generated zero game-day ticketing or hospitality revenue
“Historically just given the size of it for the game day events, whether it's the winter games in Aspen or summer games elsewhere, there were no game day revenues. So think of going to a baseball game where all the tickets are free and there's no hospitality an…”
David Abrams Mar 23, 2023 ▶ 45:44 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
Mar 23, 2023 negative
Assertion Not checkable as stated
ESPN operated the X Games without a dedicated sales or management team
“Inside ESPN, given the size of the X Games, the prioritization was on much bigger intellectual property. The NFL, UFC, Major League Baseball. So not a dedicated sales team to monetize the IP through sponsorship. So having a dedicated sales team, and by the way…”
David Abrams Mar 23, 2023 ▶ 45:06 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
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