 | |
| Available in | English |
|---|---|
| Headquarters | Austin, Texas |
| Key people |
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| Products | |
| Employees | 300 |
| Subsidiaries |
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| URL | flosports |
| Commercial | Yes |
| Launched | 2006 |
FloSports is anover-the-top subscription sports broadcaster and streaming service. The company is based inAustin, Texas, United States, and was founded in 2006. FloSports streams live sporting events to audiences around the world.[1]
FloSports was founded in 2006[2] by Martin Floreani, Mark Floreani (collegiate athletes) and Madhu Venkatesan based inAustin, Texas. Martin designed the website's prototype with the aim of covering collegiate sports with the same detail that ESPN gives to the NFL and NBA. The brothers raised U.S. $10,000 in seed money from John Rainbolt and started covering wrestling and track events. Co-founder Mark captured the service's first original broadcast,Ryan Hall's U.S half-marathon record, from the back of a pickup truck using a handheld camera. Lo-fi footage, engine noise digital interference and fog impacted the quality of the broadcast. However, having the only footage of Hall's record-breaking run caused a surge in the website's popularity. By 2017 the company had 256 employees and 25 Web video channels. They changed their business model to a subscription-based service in 2012 and doubled their revenue over the following two years.[3]
The company raised $8 million in Series A and a further $21 million inSeries B financing in 2016 led by DCM Ventures and Bertelsmann Digital Media Investments.[4] By 2019, the company had grown to 250 employees and raised a further $47 million in series C.[5]
The company acquired DirtonDirt.com, a grassroots racing streaming and content platform, in September 2019.[6] In June 2020, FloSports purchased Speed Shift TV and acquired 400 races, with a focus on grassroots racing.[7]
FloSports acquired TrackWrestling in early 2021, a deal that increased the number of wrestling events that will be streamed on its FloWrestling service and brought wrestling analytics to the platform.[8] In October 2021, it was announced that FloSports had acquired HockeyTech, an ice hockey streaming platform and sports data provider.[9]
FloSports announced a partnership withWWNLive in 2016 to run a streaming service dedicated to wrestling.[10] In December 2018, FloRacing signed a broadcast agreement with theUnited States Auto Club for its midget and sprint car series. In May 2019, theColonial Athletic Association selected FloSports as its lead media partner becoming the first college conference to pick a streaming OTT, direct-to-consumer company as their primary distribution platform.[11]
FloSports became the local broadcaster for twoMajor League Soccer teams for the2019 season:D.C. United andFC Cincinnati, anexpansion team.[12] The company faced technical issues during early broadcasts due to inaccurate geofencing restrictions. The organization pledged a full refund, and offered the club's season ticket holders a discount on its annual subscription fees.[13] FloSports promised additional soccer broadcasts andshoulder programming to justify its subscription fee that largely never materialized. D.C. United and Flosports ended their four-year contract prematurely in October 2019. D.C. United opted to stream its final regular season match on its website for free.[14] FC Cincinnati announced its matches would no longer be available through FloSports in June 2020.[15]
In January 2020, NASCAR Hall of Fame inductee and motorsports legend,Tony Stewart, awarded streaming rights to theEldora Speedway andAll Star Circuit of Champions to FloSports.[16] In the Spring 2020, FloSports launched FloBaseball.[17] Later in 2020, the company signed a multi-year partnership with ECHL to broadcast professional hockey starting with the 2021 season.[18]
FloSports expanded its wrestling offering through a partnership withUnited World Wrestling, the global governing body for the sport, in late 2020.[19]
In 2021, USA Cycling signed a 3 year broadcast partnership with FloSports. FloSports will also be the NGB's (national governing body's) official sponsor.[20] The Unbound Gravel race, a cycling race covering various distances, has never been broadcast before due to remote locations and rough terrain. FloSports became the first to broadcast the race in June 2021 and will stream the race again in 2022.[21] FloSports signed a multi-year streaming deal with USA Gymnastics, the national governing body for gymnastics, in 2021.[22]
In late 2021,NASCAR announced a partnership to stream its grassroots racing series on FloRacing starting in 2022.[23] Series that were broadcast on FloRacing that year included theARCA Menards Series,ARCA Menards Series West,ARCA Menards Series East,NASCAR Whelen Modified Tour, andNASCAR Pinty's Series andNASCAR Weekly Series.[23] Several tracks on the Modified and Weekly Series had been broadcasting on the service prior to the announcement (Eldora, Oswego, Stafford). Over 280 NASCAR grassroots events were anticipated to be broadcast in 2022 (out of a total of approximately 2000 total events broadcast on the service).[23]
In March 2023, theIBJJF announced that theCampeonato Brasileiro de Jiu-Jitsu would be included in their offering of events streaming on FloGrappling from 2023 onwards.[24] In July 2023, AIGA Champions League announced that all their future events would stream exclusively on FloGrappling.[25] In September 2023,Quintet announced that all of their future events would be streaming on FloGrappling, starting with Quintet 4 on September 10, 2023.[26]
In early 2023, Brazilian channel Combate announced a broadcasting deal with FloGrappling starting on May 22, 2023 to show both their grappling content and original documentaries.[27]
In 2019, the company introduced apps for Android and smart TV apps.[28] In October 2019, FloSports rebranded, and expanded its distribution with the release of an Android app.[29]
In 2020, FloSports began working on a Watch Party feature for their apps that would allow fans to watch events together, virtually.[30]
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FloSports streams live and on-demand events for over 25 different sports categories.[31]
Who's Number One also known asFloGrappling WNO Championship is agrappling event series streamed on FloSports and organised since 2019 by its subdivision FloGrappling.[35] It presents elite grapplers from around the world competing across different weight divisions and rule sets. The events encompass bothgi andno-giBrazilian jiu-jitsu matches.[36]
FloSports's contract with USA Gymnastics was canceled one year into a five-year agreement after backlash from organizers. The website had previously linked to nude photos ofMcKayla Maroney that were taken when she was still a minor.[41][42]
In 2017, less than a year after partnering withWWNLive, they sued the latter company claiming they were misled aboutPay-Per-View revenue.[43] The suit was dismissed after the contract was made public, and it was revealed that FloSports was upset with WWNLive's use of funds.[44]
In 2016, theUS Olympic Committee revoked FloSports' media credentials after they repeatedly published footage that NBC held exclusive rights to.[45]
For several years their subscription model has emphasized the per-month price, while the actual subscription was billed annually.[46][47] As a consequence, in 2022 a class action lawsuit was filed against FloSports in New York federal court due to their business practices. The suit claimed that FloSports misleads customers into believing they are only being charged a monthly fee — rather than the full annual fee — when they first sign up for the sports streaming service.'[48] FloSports later settled this case out of court in November 2023.[49]