Benzinga | Nov 8, 2021 08:10AM EST

Hall of Fame Resort & Entertainment Company Announces Multi-Year, Multi-Million Dollar Agreement With CommScope

Hall of Fame Resort & Entertainment Company ("HOFV" or the "Company") (NASDAQ:HOFV, HOFVW))), the only resort, entertainment and media company centered around the power of professional football, today announced it has signed a multi-year, multi-million dollar agreement with global network infrastructure provider CommScope (NASDAQ:COMM). Per terms of the agreement, CommScope will receive certain intellectual property rights, entitlements and advertising benefits at the Hall of Fame Village powered by Johnson Controls (the "Village"), and will integrate its state-of-the-art technology to help immerse guests and provide them with a one-of-a-kind experience.

"As a world-class travel and leisure hub that welcomes an array of sports fans from around the world, Hall of Fame Village powered by Johnson Controls requires a reliable and efficient technology infrastructure," said Erica Muhleman, Executive Vice President of New Business Development/Marketing & Sales for HOFV. "We are excited to sign a multi-year agreement with CommScope to enhance the enjoyment of the Village for all of our guests, meeting their technology demands and providing them with a truly seamless experience. Moreover, the partnership brings significant added financial value to our Company as we continue to evolve, creating a world-class destination in Canton, Ohio. This partnership is further testament to the quality of the brands that want to be associated with what we are building."

CommScope brings the latest state-of-the-art technology that will allow all guests to enjoy and be immersed in a one-of a kind experience. The partnership allows CommScope to receive certain rights to the Village's intellectual property and the use of its logo and will receive entitlement and branding rights to the suite level of Tom Benson Hall of Fame Stadium throughout the term of the agreement.

"Being hyper-connected is at the heart of superior fan experiences. Whether it's thousands of live-streaming fans creating new memories together or navigating their way within a sports and entertainment venue to enjoy immersive experiences, networks put information and communications seamlessly within their reach," said Jack Carlson, Chief Commercial Officer for CommScope. "CommScope is proud to partner with the Hall of Fame Village powered by Johnson Controls to deliver extreme connectivity, capacity and coverage spanning their expanding venue and developments. As an innovative leader in network infrastructure including Wi-Fi, IoT, DAS and Broadband networking solutions, with decades of experience building reliable, scalable, and high-performance networks, CommScope offers a full range of solutions to ensure world-class connectivity in world-class destinations like the Hall of Fame Village."

CommScope will also gain entitlement rights to the "Chalk Talk" Media Presentation Room at the Constellation Center for Excellence, which will be constructed on the first floor of the facility. This new room will serve as a meeting space for the property's office tenants. It will also be available to rent for private meetings. Moreover, CommScope will receive a branding presence in the HOFV App, which launched in Q3 2021.