Media
Ex-Disney CEO Bob Iger takes stake in Australian design company Canva, which has been valued at $40 billion
Former Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agreed to be an advisor to the closely held company. “We’re incredibly excited to welcome Bob Iger as an investor and advisor,” said Canva spokesman Lachlan Andrews in a statement. “Bob brings a wealth of experience after 15 years at the […]
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Hall of Famer Tracy McGrady is betting millions of dollars Generation Z will love his 1-on-1 basketball start-up
Tracy McGrady Source: Ones Basketball League This time, Tracy McGrady is trusting his ideas. The basketball Hall of Famer has funded real estate projects, he’s backed a sports and entertainment agency, and committed to a cryptocurrency partnership before the sector lost billions in value. Now, McGrady is investing in his own company, Ones Basketball League, […]
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Google hit by second UK antitrust probe into online ad dominance
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images The U.K.’s competition regulator has opened a fresh investigation into Google, taking aim at the company’s role in the advertising technology market. It’s the second major antitrust probe to target Google’s ad practices in the U.K. The Competition […]
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Justin Timberlake sells song catalog to fund backed by Blackstone in deal valued at $100 million
Recording artist Justin Timberlake performs onstage during the Pepsi Super Bowl LII Halftime Show at U.S. Bank Stadium on February 4, 2018 in Minneapolis, Minnesota. Christopher Polk | Getty Images Buy, buy, buy. Pop superstar Justin Timberlake, who got his start in the boy band NSYNC, has sold the rights to his song catalog to […]
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NFL renews its sponsorship deal with Pepsi, but without the Super Bowl halftime show
A detail view of a Pepsi ad at FedEx Field during an NFL football game between the Washington Football Team and the New York Giants, Thursday, Sept. 16, 2021, in Landover, Md. Aaron M. Sprecher via AP Pepsi is keeping its sponsorship rights with the NFL but will give up a core asset – the […]
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Former White House press secretary Jen Psaki will join MSNBC this fall
U.S. White House press secretary Jen Psaki speaks during a press briefing at the White House in Washington, December 20, 2021. Kevin Lamarque | Reuters Jen Psaki, who left her role as President Joe Biden’s press secretary earlier this month, will join cable news network MSNBC this fall. Psaki will appear across all MSNBC programs […]
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We’re adding to an underappreciated stock and another that’s right for the moment
The combination of these purchases speaks to the importance of balancing a long view with a short focus. Source
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Prices are surging, but people are still paying top dollar to watch live sports
People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad […]
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Who needs LeBron? Luka Doncic, Ja Morant, playoff ratings put NBA in a strong position for next media rights cycle
Ja Morant #12 of the Memphis Grizzlies drives to the basket to shoot against the Golden State Warriors in the second half of Game Three of the Western Conference Semifinals of the NBA Playoffs at Chase Center on May 07, 2022 in San Francisco, California. Thearon W. Henderson | Getty Images The NBA is in […]
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Reality TV shows based on real estate are ‘horrible’ for the industry, says brokerage CEO
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not who we are,” said Bess […]
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