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Welcome back to the spotlight! We find ourselves at an interesting moment when, on the one hand, tech companies are laying off tens of thousands of workers in the face of economic headwinds and Elon Musk has lost his dubious honor of claiming the largest personal fortune from the Guinness Book of World Records (1820 billion, bringing his total net worth to a “paltry” $147 billion) and the price of the eggs would make the golden goose blush. The world of sports and entertainment, on the other hand, does not appear to be suffering from such ill effects, as substantial capital continues to be invested in various entities with no apparent signs of slowing down (not to mention professional athlete salaries). Kansas City Chiefs quarterback Patrick Mahomes seems to think that “owning” the NFL isn’t enough and instead owns equity in major Kansas City sports teams such as the MLS’ Athletic Kansas City, MLB’s Kansas City Royals and The closest Kansas City team in the NWSL is the current one. It’s safe to say he’s not in any financial Missouri. World Wrestling Entertainment chairman Vince McMahon is said to be considering selling the professional fake wrestling league to Saudi interests for $8 billion. With 95 of the 100 most-watched events in 2022 being sporting events, there’s little doubt that sports and entertainment will remain the bright spots in the downturn — almost like a spotlight.
- Buffalo Bills safety Dharma Hamlin has been released from the hospital just nine days after suffering a cardiac arrest on an NFL field. As he continued his recovery, he also had a business savvy, filing two trademarks, “We Won” and “Three Points Back,” to commemorate his first words in the hospital while hinting at his triumphant return. .
- A group of investors that includes Cincinnati Tigers quarterback Joe Burrow and Boston Celtics forward Blake Griffin has purchased a 128-acre farmland in rural Iowa. But to Ray Kinsella’s chagrin, this appears to be a real agricultural investment.
- More celebrity endorsements and investment in the marijuana industry, combined with the legalization of marijuana in many states, means it may be time for the previously taboo plant to enter the mainstream.
Endorsement Sponsorship and Investment
Celebrities in the marijuana world reflect the modern age of marketing
January 11, 2023 via PR Newswire
Naomi Osaka’s absence from majors could affect sponsors
January 10, 2023 Via Sports Business Journal – All Sections (sportsbusinessjournal.com)
Calvin Klein Appoints Rising Tennis Star Alcaraz as Newest Campaign Face
January 10, 2023 Via Sports Business Journal – All Sections (sportsbusinessjournal.com)
Joe Burrow, Blake Griffin and about 20 athletes buy Iowa farm for about $5 million
January 10, 2023 via stand report
sports
Stephanie McMahon resigns from WWE; Nick Khan is now sole CEO
January 11, 2023 By News Express – Top Stories
La Previa: Liga MX media rights, Brazil’s Breakaway League and NFL Sunday tickets
January 11, 2023 By Sportico – Commercial
Damar Hamlin Files for “Did We Win?” Trademark
January 10, 2023 through the conference room
January 5, 2023 Passed by the U.S. Senate Committee on Commerce, Science and Transportation
music business
January 11, 2023 by breed
January 11, 2023 via Arizona Center
Universal Music CEO Grainge condemns junk music on streaming platforms
January 11, 2023 Via U.S. News & World Report – Headlines
Apple co-founder Steve Wozniak defeats copyright appeal
January 10, 2023 By Bloomberg Law – Intellectual Property News
film and television
Golden Globes: Disney picks up nine awards in film, TV
January 11, 2023 via The Hollywood Reporter
The end of the Netflixization of TV and the beginning of new streaming bundles
January 9, 2023 By News Express – Top Stories
The Hollywood Reporter: Atlanta’s TV, movie boom is driving up prices
January 9, 2023 Urbanization by Atlanta
TikTok licenses IMDb data for film and TV content (exclusive)
January 5, 2023 via The Hollywood Reporter
emerging movement
Syracuse men’s and women’s lacrosse share six preseason All-Americans
January 11, 2023 By Syracuse Postal Standard
Tonight’s rugby news is ‘disgraceful’ Owen Farrell holeshot, Gartland favorite to return
January 11, 2023 via Western Post
Women’s wrestling sees huge growth in 2022-23 season
January 10, 2023 News from Goldman Sachs
The global racquet sports equipment industry is projected to reach USD 272.4 million by 2031
January 6, 2023 via PR Newswire – Press Release
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