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Welcome back to Spotlight! Two and a half years later, COVID-19 has finally reached my home from my doorstep. It’s Wednesday night and I’m exhausted, feeling like I’ve swallowed a mace, sounds like Barry White, so I’ll be brief. That, I watched Serena in her center court spotlight.
- A non-fungible token (NFT) entitles its holder to a beer with Bill Murray, earning the equivalent of $185,000 in ethereum cryptocurrency for charity. At that price of a beer, you’d expect to see a Yankees game.
- Grocery delivery company Instacart made a splash with an ad campaign in which recording artist Lizzo made her own plant-based shopping cart in a bathtub. It was the first high-profile celebrity endorsement, and I guess Instacart thought it was “about the damn time.”
- Pink Floyd’s song catalog bids for about $500 million. A hefty sum, of course, unless you play backwards.
Endorsement deals, sponsorships and investments
Instacart’s latest feature lets you shop Lizzo’s vegan grocery list
August 31, 2022 via my west texas
Celebrities – they are just like us! You may not be able to sing like Lizzo, but thanks to Instacart, you can snack like her.
NIL Cash spurs Bank of America and Opendorse to offer financial literacy courses
August 30, 2022 via Sportico (subscription may be required)
More than a year into the era of college sports names, images and likenesses, the financial literacy and money management of college athletes remains a top priority for many.
Beyoncé recounts Gatorade’s Serena tribute as US Open begins
August 29, 2022 via Business Magazine
Gatorade released a video commemorating Serena Williams as she prepares to play her final U.S. Open, narrated by another superstar, Beyoncé.
Celebrity net worth: Charli D’Amelio joins US job market in $80M funding round
August 29, 2022 by State
Social media personality Charli D’Amelio and her family have joined US career marketplace Incredible Health’s $80 million funding round.
sporty
LIV joins Phil Mickelson lawsuit and changes course
August 31, 2022 via Sportico (subscription may be required)
When Judge Beth Labson Freeman held a hearing on LIV golfers suing the PGA Tour two weeks ago, much of the discussion centered on a party that wasn’t in the room: LIV golf. This has changed.
New York Yankees invest in AC Milan as part of RedBird ownership group
August 30, 2022 via Sportico (subscription may be required)
The New York Yankees and Main Street Advisors, an investment fund backed by LeBron James, are investing in Italian soccer team AC Milan, according to two people familiar with the matter.
MLB Players Association takes ‘historic’ step to unite minor league baseball players
August 29, 2022 via CBS Sports
The MLB Players Association took a step toward unionizing minor league baseball players on Sunday night, sending minor league players an authorization card allowing them to vote for an election that could make them MLBPA members.
U.S. Open luxury ticket sales boom, riding tennis pandemic
August 29, 2022 via Sportico (subscription may be required)
Tennis participation in the U.S. has skyrocketed since 2020, so the US Open has changed its strategy to meet the growing demand for in-person matches with additional premium ticket inventory and a year-round sales team.
music business
Man who found Drake sues his management over royalties
August 31, 2022 via The New York Daily News
A young Texas scout who discovered hip-hop star Drake is suing the entertainer’s managers – accusing them of cheating him out of his share of royalties.
Music industry vows to keep fighting after broadcaster hits milestone in battle with royalty
August 30, 2022 via internal broadcast
The broadcasting industry scored a symbolic but potentially significant victory in Washington on Monday, as a lobbying effort resulted in the addition of 20 names to a House resolution opposing the creation of broadcast performance royalties.
FN Meka Exec leaves project, says ‘many lessons to be learned’ from backlash
August 25, 2022 via billboard
Anthony Martini, a former artist manager who helped develop artists such as Lil Dicky and ​​​MadeinTYO, served as CEO of Royal Exchange from 2021 until earlier this year.
U.S. private equity group estimated to be worth $500 million among bidders in Pink Floyd directory
August 25, 2022 via National Newspaper
The FT said the deal included the rights to its songs and the rights to the original studio recordings, making it one of the largest deals of its kind.
Film and TV
Sony Pictures Networks India secures exclusive TV and digital rights to US Open
August 27, 2022 by Sakshippost EN
Sony Pictures Networks India (SPN) has signed a three-year deal to broadcast the US Open from August 2022.
Supreme Court paves way for changing college TV landscape
August 26, 2022 by Honolulu Star Advisors
Andy Coats is not a coach or athletic director. However, he was a seminal figure when it came to the dramatic changes in the major college football landscape.
Top 10 media’s record-breaking new deals will exceed $1 billion annually, far outpacing the other top five leagues
August 25, 2022 via Business Magazine
A day after the Big Ten approved an $8 billion media rights deal with CBS, Fox and NBC, convention commissioner Kevin Warren boarded an early morning flight to Atlanta and then drove to Birmingham, where A friend’s daughter is getting married there.
Non-Fungible Tokens (NFTs)
Live Nation’s Ticketmaster partners with Dapper Labs to launch Ticket NFT on the Flow blockchain and expands its NFT’s NFL partnership to 100 games
August 31, 2022 via Techmeme
Ticketmaster will now allow event organizers to issue ticket-related NFTs on Flow, a blockchain operated by a16z-backed Dapper Labs.
‘Bill Murray’s Beer’ NFT Sold for $185K in ETH in Charity Auction
August 31, 2022 via Yahoo Finance
Actor Bill Murray’s NFT beer sold for 119.2 ETH (about $185,000) on Wednesday in a charity auction-style bidding battle.
Meta announces that Facebook and Instagram users can issue NFTs from digital wallets
August 29, 2022 via Cointelegraph
“This will enable people to connect their digital wallets to either app in order to share their digital collectibles between the two,” Meta said.
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