 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
|
 | |
 Score Media and Gaming's offices in Toronto. | |
| Company type | Subsidiary |
|---|---|
| Industry | Media, Gaming |
| Predecessor | Score Media |
| Founded | 2012 |
| Founder | John S. Levy |
| Headquarters | , Canada |
Key people |
|
| Products | Digital media, mobile applications, sports betting |
| Parent | Penn Entertainment (2021-present) |
| Website | theScore Sports theScore Bet theScore esports Corporate Site |
Score Media and Gaming Inc., doing business as theScore, is a Canadian digital media company based in Toronto. It was founded in 2012 by John S. Levy, the company's Chief Executive Officer and Chairman.[1] The company owns and operates digital sports media and sports betting products which deliver sports scores, data, news, and sports book offerings via emerging and established platforms. The company also previously owned The Score Television Network, which was acquired by Rogers Communications in October 2012 and is today known as Sportsnet 360.[2] The transaction did not include the Score's digital media assets, including its mobile apps and websites, which they still own and operate.[3]
The company was spun-out from Score Media immediately prior to Rogers' acquisition. As a result of the transaction, former shareholders of Score Media received one share of the new company for each share held in Score Media, meaning that Score Media founder John Levy and family are the largest single voting shareholders in the company, as was the case with Score Media, though Rogers received additional shares yielding an ownership stake of 11.8%.[4] Rogers subsequently sold its shares in the Score in June 2014.[5]
As of Q1 F2020 (Aug-Nov 2019), theScore's mobile sports media application was used by an average of 4.3 million monthly active users worldwide, 62% of which were in the United States, 27% in Canada and 11% in other international markets.[6] The company is publicly traded and was listed on the TSX Venture Exchange until September 2020 when it was promoted to the Toronto Stock Exchange.[7] Since March 2021, The Score is listed on Nasdaq, under the SCR ticker.
In August 2021, Penn National Gaming agreed to acquire Score Media and Gaming Inc. for $2 billion in cash and stocks.[8] The deal completed in October 2021 and the company was delisted from the Toronto Stock Exchange and the Nasdaq.[9]
- ^ "TheScore founder John Levy on growing up in the family business". www.canadianbusiness.com. Retrieved November 13, 2019.
- ^ "Rogers makes purchase of Score Media Inc". www.sportsnet.ca. Retrieved November 22, 2023.
- ^ "Rogers will only have small stake in Score Media's digital growth".
- ^ "Score Media Inc. completes plan of arrangement | theScore App: The Ultimate, Personalized Mobile Sports Experience". mobile.thescore.com. Retrieved November 13, 2019.
- ^ "Are you owned by Rogers Media?". theScore. Retrieved November 13, 2019.
- ^ "TheScore Reports Q1 F2020 Financial Results | theScore App: The Ultimate, Personalized Mobile Sports Experience".
- ^ "Score Media and Gaming gets full listing at TSX". National Post. September 14, 2020.
- ^ "Penn National Agrees to Buy TheScore App in $2 Billion Deal". The Wall Street Journal. August 5, 2021. Retrieved August 20, 2021.
- ^ "Penn National Gaming Completes Acquisition of Score Media and Gaming Inc" (Press release). Business Wire. October 19, 2021.