Sports Illustrated Media Group is now the fastest-growing sports media property in the U.S., with its number of unique visitors growing 293% year-over-year.
The sports media vertical, made up of Sports Illustrated, The Spun, FanNation, Hockey News, Morning Read, and Athlon Sports, now ranks sixth in the industry for 13+ and 18+ age groups with more than 42 million monthly users, according to Comscore.
In May 2019, Meredith Corp. sold Sports Illustrated to Authentic Brands Group for $110 million. In June of that year, ABG announced a 10-year partnership with Maven to license and operate the Sports Illustrated media business.
Since then, SI Media Group and Maven have made a number of business moves despite pandemic-related layoffs and $30 million in reduced revenue for the latter.
- 888 Holdings, an internet gambling operator, obtained exclusive rights to the Sports Illustrated brand for online sports and casino wagering, according to Bloomberg.
- On Feb. 2, Sports Illustrated began placing its “premium” content behind a paywall. Readers can read five free “premium” content pieces per month. An annual subscription costs $69.99 for a bundle of digital access and SI’s flagship magazine.
- In June, Sports Illustrated launched SI Tix, a ticketing platform for more than 100,000 concerts, theatre, and sporting events across the world.
In June, Maven acquired digital and social sports brand The Spun for $11 million and secured $20 million in equity financing.