Spotlight on sports and entertainment: The latest celebrity bread-and-butter investment game appears to be centered around the restaurant industry, raising the question: what are they doing with their rotten tomatoes?  |  Foster GarveyPC

Spotlight on sports and entertainment: The latest celebrity bread-and-butter investment game appears to be centered around the restaurant industry, raising the question: what are they doing with their rotten tomatoes? | Foster GarveyPC

Welcome back to the “Spotlight,” where you can pop in for the week’s thought-provoking sports and entertainment stories and stay for the conditioning. Yes, there is an ongoing heat wave here in New York (joining countless other places in peril on this planet), I would say it looks like a sauna, but that would be an insult to saunas. Luckily, as perhaps a holdover from the normal past, my New York Yankees brought the heat (in a non-civilization-threatening way) and in the process drove the audience to heights not seen since more than a decade. Elsewhere in the Major League Baseball world, player agent Casey Close and his agency Excel Sports Management have turned the heat on radio host Doug Gottlieb, alleging Gottlieb defamed them by reporting via tweet that Close had hid information from (now) Los Angeles Dodgers star Freddie Freeman in his contract negotiations with his former team, the Atlanta Braves. Certainly, for the competition of the Yankees, Gottlieb and the whole world, a cooling would be welcome. But none of that seems so likely at this point. The intense but witty heat of a “Spotlight” probably won’t help either, but here goes…

  • The latest celebrity bread-and-butter investment game appears to be centered around the restaurant industry, which begs the question: what do they do with their rotten tomatoes?
  • Texas Tech University’s NIL collective announced that it would provide $25,000 to each of the 100 football players. This is about the best participation trophy I could dream of.
  • Rapper Cardi B is called to testify in a lawsuit related to a sexually suggestive cover art for one of her mixtapes, for which she allegedly photographed the plaintiff’s distinctive tattoo on someone else’s body. The testimony is sure to get its ink flowing.
  • Coinbase appears to be banking on a “Groundhog Day” type reset for its NFT market, with the help of beloved actor and comedian (and not someone you’d think of when it comes to NFT) Bill Murray, with new “drops”. If all else fails, Coinbase will have someone to handle its ghosts and gophers.

Endorsement offers, sponsorships and investments

Launch of new craft beer collaboration Run the Jewels & Brooklyn Brewery
July 20, 2022 via Yahoo Finance
Run The Jewels, the prolific duo of Killer Mike and EL-P, and renowned craft beer stalwarts Brooklyn Brewery, who helped start America’s craft beer revolution, have just launched their new collaborative brew: a double pilsner , nicknamed 36″ Chain.

College Hoops Tourney Forms NIL Collective To Benefit Players
July 20, 2022 via Sportico (subscription may be required)
Now that many college sports fans have created NIL collectives to support college athletes, a basketball event is getting in on the action.

Texas Tech Collective will offer NIL deals of $25,000 to over 100 football players
July 19, 2022, via The Athletic
A week after Texas Tech announced a $200 million football facilities project, a group of Red Raider boosters announced on Monday that it is taking its support to another level with a NIL program that will offer offers of 25 $000 to over 100 Red Raider football players.

Celebrity Net Worth: Priyanka Chopra Makes Her First Fashion Investment
July 17, 2022 via The National
In our bi-weekly celebrity investment and wealth update, Demi Moore expands collaboration with swimwear brand Andie and Griffin Johnson partners with skincare brand Priyanka Chopra wears embellished ballgown during the Miss World final, which she won at the Millennium Dome in London on November 30, 2000.

Why are so many celebrities opening restaurants?
July 14, 2022 via Tasting table
Everyone has a crush these days, even celebrities. From Scarlett Johansson’s popcorn shop to Ryan Reynold’s Aviation Gin and Jessica Alba’s designer layers, all personal interests and hobbies are now open to monetization.


Sports

W Series hopes to follow F1’s example to achieve its goals
July 18, 2022 via Sports Business Journal (subscription may be required)
Aligned with Formula 1 and ready to benefit from the growth of women’s sport, the W series plans to significantly increase its revenue, visibility and presence in the United States from 2023.

Yankees win Power YES Network at 10-year high
July 18, 2022 via Sportico (subscription may be required)
As Major League Baseball takes a few days off to bask in the midsummer ritual that is the All-Star break, one of its most famous franchises is enjoying some much-needed rest.

MLB agrees to $185 million settlement in minor league salary case
July 16, 2022 via Sport Business
Major League Baseball has agreed to pay $185 million to settle a long-running class action lawsuit brought by minor league players seeking pay for overtime and minimum wage law violations by MLB clubs .

Yankees Award Jersey Patch Sponsor Search to Legends
July 14, 2022 via Sportico (subscription may be required)
The New York Yankees begin their search for a corporate sponsor crest to add to the signature stripes. The team selected Legends, the data and experiences company they co-founded, to manage the research.


music industry

BMG acquires other musical interests in Simple Minds
July 20, 2022 via All Access
BMG has acquired major musical interests in Scottish rock band Simple Minds. The deal with core band members Jim Kerr and Charlie Burchill includes publishing rights to more than 240 songs on five chart-topping UK albums, neighboring rights to the band and royalties to their entire registered catalog.

Cardi B to testify as Mixtape artwork publicity rights case heads to court
July 20, 2022 via Full Music Update
Cardi B will testify in court for the second time this year, next month.

How the Music Industry is Redefined by Web3
July 13, 2022 via Yahoo Finance
Alex Salibian, Co-Founder and COO of Nvak Collective PBC, joins Water & Music Founder Cherie Hu and Oneof.com CEO and Co-Founder Lin Dai at Consensus 2022 to discuss how the music industry is redefined by Web3.


Cinema and television

Notre Dame is considering a $75 million annual payment for media rights to remain independent; NBC seeks help from Power 5
July 18, 2022 via Google News
It looks like it will take $75 million a year in media rights revenue for Notre Dame Independent. That, according to a CBS Sports report, which adds that to hit that number, NBC is looking for “shoulder lineup” from a Power Five conference.

Adorable Canadian preschool series ‘Mittens & Pants’ captured by Sky UK as Thunderbird takes global media rights
July 18, 2022 via deadline
The adorable Canadian pre-school series ‘Mittens & Pants’ has been bought by Sky UK, with Thunderbird Distribution taking the worldwide media and consumer product rights.

Disney raises the price of ESPN+ by 43%
July 15, 2022 via Sport Business (subscription may be required)
Disney is raising the price of its sports streaming service ESPN+ in the United States by 43% to $9.99 per month starting August 23. ESPN+’s monthly cost was previously $6.99. An annual subscription will drop from $69.99 to $99.99.

OBB Media signs unscripted development deal with Disney Television Alternative
July 15, 2022 via RealScreen
Disney’s unscripted wing, Walt Disney Television Alternative, has signed a non-exclusive development deal with Michael D. Ratner’s OBB Media, the multimedia production company behind celebrity-led projects like “The Game Plan with Shaquille O’Neal for TNT”, and the YouTube Originals documentary series “Justin Bieber: Seasons and Demi Lovato: Dancing with the Devil”.


Non-fungible tokens (NFT)

Global IP NFT Music Platform MetaBeat Signs Strategic Alliance With Major K-POP Entertainment Companies
July 14, 2022 via Atlanta New Online
Global NFT IP music platform, MetaBeat, announced that it has signed strategic partnerships with RBW, WM Entertainment, DSP Media, TR Entertainment, Beats Entertainment and Studio Jamm.

Can Bill Murray save Coinbase NFT?
July 17, 2022 via The Motley Fool
Coinbase NFT struggled to take off, but a new launch with Bill Murray could attract renewed attention.

Laffy Taffy ‘Laffs’ goes digital with NFTs collection
July 18, 2022 via Confectionery News
The popular candy brand is known for its delicious fruity and chewy candies, as well as its “dad jokes” that have been on every package since the 1980s.

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