What happened: Founder Neil Gruninger will remain with the business and focus on technology. The Anaheim Ducks terminated their agreement, while the Dallas Stars deal remains in place.
Why it matters: Dallas holds equity in Victory+ and is now its only NHL partner. SBJ linked the platform's strain to an expansion pace that moved too quickly.
By the numbers: Anaheim exited with two seasons remaining on its agreement. Dallas signed a seven-year deal in July 2024.
What to watch: Attention turns to Victory+'s CEO succession and delivery of the Dallas agreement ahead of 2026-27.