Founder, Majority Owner, Chairman and Chief Executive Officer
Monumental Sports & Entertainment
Ted Leonsis is founder, chairman, majority owner and CEO of Monumental Sports & Entertainment, which owns and operates the Washington Capitals (NHL), Washington Wizards (NBA), Washington Mystics (WNBA), Washington Valor (AFL), Baltimore Brigade (AFL) and Capital One Arena in downtown Washington, D.C. The partnership operates Kettler Capitals Iceplex, the Washington Capitals’ training facility and front office headquarters, and George Mason University’s EagleBank Arena. Monumental also is co-owner of aXiomatic, which has controlling interest in global esports franchise Team Liquid; Mr. Leonsis is co-executive chairman of aXiomatic.
The company also owns Monumental Sports Network, a first-of-its-kind regional sports network for digital, mobile and over-the-top platforms. Customizable features and the ability to deliver content across multiple platforms and devices allow users to access content wherever and whenever they prefer. Monumental Sports Network offers an OTT service providing live streaming of Mystics and Valor games as well as additional live events and games.
Monumental and CSN Mid-Atlantic, part of the NBC Sports Group, formed an advanced media partnership that not only extended CSN’s exclusive media rights to the Capitals and Wizards but also saw Monumental become an equity partner in CSN. NBC Sports Group also invested in Monumental Sports Network, creating a cross-equity leadership structure.
Monumental, a sports, entertainment, media and technology company, was formed in June 2010 and serves a thriving regional sports community. It is the only privately held company in a top-10 market to own and operate four professional sports teams and its arena.
In September 2015 Washington, D.C., Mayor Muriel Bowser, Events DC and Monumental Sports & Entertainment announced plans to construct an entertainment and sports arena in Ward 8. The new venue and basketball facility will include practice courts for the Wizards and serve as the Mystics home court. This is a joint venture that includes the city, Events DC and Monumental Sports & Entertainment, who will be a tenant, leasing space from the city, and Events DC will manage and program the facility. The arena is part of the St. Elizabeths East Campus redevelopment and is expected to generate significant expansion of arts, cultural, entertainment and civic programming. This project is designed to be catalyst for new opportunities in Ward 8 and citywide and create a destination for residents and visitors.
Mr. Leonsis serves on the board of governors for the NBA and NHL as well as on the executive committee of the NHL. He previously was chairman of the NBA media committee.
Revolution and Venture Capital Investor
Mr. Leonsis is a cofounder and partner at Revolution Growth, which invests speed-up capital in businesses outside of Silicon Valley that are leveraging technology and new models to disrupt existing, multi-billion dollar industries. The firm makes a select group of investments each year, typically investing $25-50 million per deal, and invests in some of the economy’s largest sectors including sports, media, entertainment and education technologies, transportation, energy, financial services, food and government services. Investments include companies such as Sportradar USA, DraftKings, Bedrock Manufacturing (parent company of Shinola and Filson), Resonate, Optoro, CustomInk, Cava and sweetgreen. He also serves on the boards of several public companies ranging from American Express to Groupon.
He also has made investments and owned equity in numerous companies, including Google, AOL, Revolution Money, AddThis, Preview Travel (Travelocity), GridPoint, Inside.com, MobilePosse, ObjectVideo, Vox Media, Zedge, Triporati, Personal, I-Village, Proxicom, Cricket Media, MediaBank, Two Harbors, Videology, Algentis, Social Radar and Forbes’ Travel Guide.
Filmmaker and Digital Entrepreneur
Mr. Leonsis created and produced the award-winning film Nanking. The film premiered at the 2007 Sundance Film Festival and was awarded the Documentary Editors Award. The film went on to win a Peabody Award and an Emmy Award. The film was distributed theatrically, appeared on HBO and is one of the most viewed documentaries of all time because of its wide distribution in theater and on television throughout China. Mr. Leonsis also produced the documentary film Kicking It, which premiered at the 2008 Sundance Film Festival and aired on ESPN. He then produced A Fighting Chance, which aired on ESPN in 2010. In 2013 he produced Lost for Life, a documentary that explores juvenile offenders who have been sentenced to life without parole. Lost for Life was broadcast in 58 countries in 2014 and garnered both critical acclaim and ratings success. Most recently he produced the documentary We the People: The Market Basket Effect, which aired on Pivot and iTunes and was released theatrically.
Mr. Leonsis is the founder and chairman of ViewLift, a full-service content distribution platform for the web, OTT and mobile, which empowers media companies, sports leagues and teams, education providers and others to monetize their content through native branded apps on every major digital device. ViewLift offers a complete end-to-end solution for creating, launching and monetizing video applications across 28 device platforms, including mobile, over-the-top, connected TV and game consoles. Mr. Leonsis also is the founder, chairman and largest shareholder in SnagFilms, which has more than 5,000 movies, TV show episodes, documentaries and original comedy shorts in its free, online digital library.
Through the Leonsis Foundation, his sports teams, the Monumental Sports & Entertainment Foundation, SnagFilms and his family’s personal giving, hundreds of charities are served each year. In 2015 Mr. Leonsis was named chairman of the board of DC-CAP (District of Columbia College Access Program), which is dedicated to encouraging and enabling D.C. public high school students to enroll in and graduate from college.
Other highlighted charities and causes include Best Buddies, DC Central Kitchen, See Forever Foundation, Venture Philanthropy Partners, Street Soccer USA, YouthAIDS, GlobalGiving.org, College Success Foundation – District of Columbia, Potomac School, Georgetown University, Children’s Hospital, Potomac Valley Amateur Hockey Association, Salvation Army Angle Tree, Alliance for Lupus Research, Serve DC, Fort Dupont Ice Arena and Ice Hockey Club, USO of Metropolitan Washington, Capital Area Food Bank, Flashes of Hope, Inova Health System Foundation, UNICEF, obesity prevention and numerous local schools and cancer research and awareness programs.
As the former vice chairman of Washington 2024, Mr. Leonsis assumed a leading role in guiding the region’s bid for the 2024 Summer Olympic and Paralympic Games. In June 2014 the United States Olympic Committee identified Washington and three other cities as potential locations.
During his almost 14-year career at AOL, Mr. Leonsis served as president of America Online Services Company, president of AOL Studios, president of AOL Web Properties, vice chairman and president of AOL Core Services, vice chairman and president of AOL Audience Business and vice chairman emeritus. The company recorded its greatest levels of innovation and growth under his leadership, and in May 2010 AOL named a central office tower The Leonsis Creative Center in his honor. Mr. Leonsis retired from active management of AOL in 2006.
Mr. Leonsis has authored numerous books, including Blue Magic: The People, Power and Politics Behind the IBM PC and The Business of Happiness: 6 Secrets to Extraordinary Success in Work and Life.
Awards and Honors