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Comcast Spectacor

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Comcast Spectacor
FormerlySpectacor (1974–1996)
Company typeSubsidiary
IndustryProfessional Sports
Founded1974 (1974)
FounderEd Snider
Headquarters
Philadelphia, Pennsylvania
,
U.S.
Key people
ParentComcast
Subsidiaries
WebsiteComcast Spectacor

Comcast Spectacor is a Philadelphia-based American sports and entertainment company. It owns the Philadelphia Flyers of the National Hockey League, the Maine Mariners of the ECHL, the Philadelphia Wings of the National Lacrosse League, the Philadelphia Fusion[1] of the Overwatch League, and formerly owned the Philadelphia 76ers of the National Basketball Association. The company owns and manages the Wells Fargo Center and formerly managed the Spectrum in South Philadelphia (before that arena was demolished), plus several community skating rinks in the Philadelphia region known as Flyers Skate Zone. The Comcast SportsNet (CSN) regional sports networks were also owned by Comcast Spectacor prior to parent company Comcast's acquisition of a majority stake in NBCUniversal in January 2011; CSN is now operated through NBC Sports.

The company was formed in 1974 by Flyers founder and chairman Ed Snider as Spectacor, the parent company of both the Flyers and the Spectrum. Snider had been instrumental in getting the Spectrum built in 1967 and assumed control of the arena in 1971. He sold a 63% stake in Spectacor to Comcast in 1996 but remained as chairman of the renamed Comcast Spectacor. Shortly afterward, Comcast Spectacor bought the 76ers; as the Spectrum's owner, Snider had been the Sixers' landlord since 1971. Comcast Spectacor sold the 76ers to Joshua Harris in 2011. In April 2016 Ed Snider died at his home in California. On September 22, 2016, Comcast announced that it would buy out the remaining 24% that it did not already own.[2]

Spectra Experiences

Comcast Spectacor is the principal owner of Spectra (formerly Global Spectrum, Ovations and Paciolan). Globally, Spectra serves 300-plus clients at more than 400 properties including public assembly facilities throughout the United States and Canada, such as arenas, civic and convention centers, stadiums, university convocation center, trade and exposition centers, community ice rinks and theaters. Some of the arenas and stadiums currently managed by Spectra are:[3]

Spectra is composed of three divisions: Venue Management (formerly Global Spectrum), Food Services & Hospitality (formerly Ovations Food Services), and Ticketing & Fan Engagement (formerly Paciolan).

On June 12, 2017, Learfield, acquired Spectra's Ticketing & Fan Engagement division - formerly known as Paciolan - from Comcast Spectacor.[4]

Other businesses

Comcast Spectacor owns Ovations Food Services, which provides food and beverage services to arenas, stadiums, amphitheaters, fairgrounds and convention centers throughout the United States. The roots of the name Ovations go back to a restaurant in the Spectrum, which was located below the concourse.
New Era Tickets is the full-service ticketing subsidiary of Comcast Spectacor, and provides in-house ticketing in the US and Canada. In Philadelphia, the company operates under the name ComcastTIX and provides tickets to events at Wells Fargo Center, Liacouras Center at Temple University, Sun National Bank Center in Trenton, New Jersey, and the Borgata Hotel Casino and Spa in Atlantic City, New Jersey. Comcast Spectacor owns Overwatch League team Philadelphia Fusion. The organization recently partnered with SK Telecom T1 to establish a joint venture T1 Entertainment & Sports to develop new esports teams around the world. They plan on participating in new games such as Fortnite, PlayerUnknown's Battlegrounds, Super Smash Bros, Hearthstone, and Apex Legends.[5][6]

References

  1. ^ "Presenting the Philadelphia Fusion". Overwatch League. November 1, 2017.
  2. ^ "Comcast Corporation To Acquire Ed Snider's Stake In Comcast Spectacor". corporate.comcast.com (Press release).
  3. ^ "CRDA Awards Convention Center and Boardwalk Hall Facilities Management to Global Spectrum". Global Spectrum. Retrieved October 5, 2017.
  4. ^ "Learfield to Acquire Spectra's Ticketing & Fan Engagement Division from Comcast Spectacor". finance.yahoo.com.
  5. ^ "SK Telecom, Comcast form e-sports venture". October 11, 2019.
  6. ^ "SK Telecom and Comcast Spectacor Announce Global Esports Joint Venture". corporate.comcast.com. February 25, 2019.
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