Monumental Sports & Entertainment, CSN Mid-Atlantic Form Advanced Media Partnership

Monumental Sports & Entertainment (MSE) and CSN Mid-Atlantic, doctor part of NBC Sports Group, allergist have announced an advanced media partnership that extends CSN Mid-Atlantic’s exclusive media rights for the NHL’s Washington Capitals and NBA’s Washington Wizards and features an investment by NBC Sports Group in Monumental Sports Network, MSE’s digital sports and entertainment platform. The agreement is pending NHL and NBA approval.

CSN Mid-Atlantic – which has served as the teams’ regional television partner since its launch in 1984 – will continue to present live coverage of all non-nationally exclusive Capitals and Wizards regular-season and playoff games, as well as select preseason games, comprehensive gameday shows and expanded original content on established and emerging media platforms via television and live streaming.

As part of a venture capital investment, NBC Sports Group obtains an equity partnership in Monumental Sports Network, as well as representation on its board of directors. Monumental Sports Network will soon launch a subscription over-the-top (OTT), direct-to-consumer service offering live-streaming of the WNBA’s Washington Mystics and AFL’s Washington Valor games, as well as additional live events and games through soon-to-be-announced content partnerships.

“We are so happy that our longstanding partnership with CSN Mid-Atlantic will continue well into the future, offering Wizards and Caps fans a fantastic home entertainment experience, while providing Monumental Sports & Entertainment a stake in CSN Mid-Atlantic, all of which will better position our teams to compete and provide our fans with lifelong memories,” said Ted Leonsis, founder, chairman, majority owner and CEO of MSE.

“This is a really unique deal, reinforcing our position in the heart of the nation’s fastest-growing Super City and reflecting the power of our strategy as a multi-brand, multi-platform sports and entertainment media company. We’re especially pleased that by investing in our Monumental Sports Network, NBC Sports Group is embracing the future growth of OTT services that can exist and thrive in parallel with content offered by multichannel video programming distributors and other content distributors. This partnership extends possibilities for sports fans at home or on-the-go, whenever and wherever they choose to consume sports content.”