MONUMENTAL SPORTS & ENTERTAINMENT TO ACQUIRE FULL OWNERSHIP OF NBC SPORTS WASHINGTON
WASHINGTON, Aug. 23, 2022 /PRNewswire/ -- Monumental Sports & Entertainment ("MSE") and Comcast Corporation today announced that they have entered into an agreement under which MSE will acquire 100% of the equity interests in NBC Sports Washington by acquiring NBCUniversal's 67% stake in the network. MSE currently owns 33% of NBC Sports Washington, which it acquired in 2016.
- NBC Sports Washington is the exclusive local television rightsholder for Washington Wizards and Washington Capitals games.
- "We at Monumental Sports & Entertainment are incredibly excited to have reached an agreement to acquire NBC Sports Washington, an important business for our current and future core business operations," said Zach Leonsis, President of Media & New Enterprises, Monumental Sports & Entertainment.
- "Comcast NBCUniversal has built a strong regional sports network in NBC Sports Washington.
- "Monumental Sports & Entertainment's interest in full ownership of the network is a unique opportunity," said Bill Bridgen, President, NBC Sports Regional Networks.