ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Beermile.com Acquired — Beer Mile Media Empire Expands

Beermile.com's Patrick Butler Steps Down; New Leadership to Turbocharge Unconventional Sport

CHICAGO - July 22, 2021 - (Newswire.com)

Beer Mile Media LLC has acquired a majority stake in Beermile.com for an undisclosed amount. Adam Shurson and American Beer Mile Record Holder Chris Robertson will co-run the new media entity. Beermile.com founder Patrick Butler will stay involved as an advisor.

Originally invented in the 1980s, the Beer Mile is a one-mile footrace during which each runner drinks four beers. Its popularity has soared in recent years with the standardization of rules and development of multiple professional racing circuits. The online Beer Mile community has coalesced around Beermile.com as the keeper of records and regulatory standards since the mid-1990s. The site hosts a database of almost 50,000 race results.

The popularity of the Beer Mile exploded in 2014 when the world record was lowered to under five minutes by James "The Beast" Nielsen. Multiple professional championships were started that year, and athletes and races were featured on ESPN, CNN, Ellen, and The Tonight Show. Since then, Beer Milers around the world have broken barriers in human performance previously thought impossible as the sport has emerged into the mainstream from its underground past.

The Beer Mile World Record now stands at 4:33, held by Canadian Corey Bellemore, with 12 men now under the five-minute barrier and 20 women under seven minutes. In a world where only a handful of competitive and Olympic runners can make good money competing, the Beer Mile is providing a way for a broader range of athletes to make a living, some even netting six-figure sponsorships.

"The sport has exceeded my kinkiest expectations of what was possible with the site," said Patrick Butler, inventor of Beermile.com. "Chris and Adam are weird geniuses and I intend to show them love like they were my own step-children." Butler coded the first version of the site and has been the proprietor and overseer of its operations since the 1990s. His Beer Mile personal record of 6:22 was run in the "dead ball" era of the sport.

Chris Robertson, co-founder of Beer Mile Media and multi-time World Champion with a best time of 4:37, explains the Beer Mile as follows: "The Beer Mile is about so much more than combining chugging with running. It's about community, entertainment, and lifestyle. The Beer Mile is an introduction to the world of running for the beer-loving public and it's the premier form of friendly competition for friends and foes alike. Those who have done a Beer Mile can relate to the undeniable bond that is formed between competitors in the shared glory and misery that is the Beer Mile. Patrick's been the recognized commissioner of the sport to date, and we're excited to take on that responsibility."

With Beer Mile Media at the helm, Beermile.com continues to be the official Beer Mile resource for records and results but, now, also expands into news, merchandise, video, podcast, and other media to increase coverage of the sport. "I think some people don't understand how ubiquitous this event is throughout the global running community," remarked John Markell, creator of the Beer Mile World Classic. "The new Beermile.com's one-stop repository does the event's popularity justice."

About Beermile.com

First crafted as a depot for Beer Mile records in 1996, Beermile.com was formally founded in 1998 with the goals of staying objective, formalizing rulesets, aggregating results, and popularizing the sport. It has been the de facto authority in record keeping and rules since its inception.

About Beer Mile Media LLC

Beer Mile Media LLC was founded in 2020 with the mission to grow the Beer Mile community and interest in digestive athletic events in general. With its popular podcast, YouTube channel, and purchase of Beermile.com, the new media entity has the world's largest Beer Mile audience. 

Contact: press@beermile.com
Twitter: @beermile
YouTube: https://www.youtube.com/c/BeerMileMedia
Podcast: https://www.beermile.com/podcast
Facebook: https://www.facebook.com/beermile
Instagram: @the_beer_mile
TikTok: @beermile




Press Release Service by Newswire.com

Original Source: Beermile.com Acquired — Beer Mile Media Empire Expands
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.