This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

BLOOMINGTON, Ind. (June 5, 2015) – Renowned Indiana University alumnus Mark Cuban donated $5 million to create a first-of-its-kind, cutting-edge, student-focused video, broadcasting and technology center.

Among other things, this gift will make IU Athletics the national leader in 3-D broadcast and replay, virtual reality, and 3-D virtual studio technologies.

In honor of Cuban’s transformative gift and creative input, the center will be named the Mark Cuban Center for Sports Media and Technology when it becomes fully operational following the completed renovations at Assembly Hall in the spring of 2017.

Cuban was present for the announcement of his donation, and he had this to say about it:

Students will use the Mark Cuban Center for Sports Media and Technology to improve game shows, recruiting videos, and athlete performance.

The center will be located in the west side of the future, newly-renovated Simon-Skjodt Assembly Hall.

Tthe Mark Cuban Center for Sports Media and Technology will allow students to use cutting-edge technology and equipment to produce a wide variety of media content for IU Athletics including virtual-reality videos for fan experience, athlete instruction, recruiting videos and social media, as well as video-board displays, team-specific shows and live event broadcasts for all 24 IU sports.

“Mark Cuban’s name is synonymous with innovation, technology, media and sports,” Director of Athletics Fred Glass said. “I cannot imagine a person better suited to be the namesake for, and godfather of, our Center for Sports Media and Technology. His extremely generous gift is transformative and will make Indiana University Athletics America’s elite institution in this field. Go IU, and go class of 1981!”