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☆ Kevin Hart's tequila brand strikes deal with Philadelphia Eagles as spirits push deeper into sports
▼ + stars: | 2023-09-14 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

When the Philadelphia Eagles kick off their home opener on Thursday Night Football, the NFL team will also start a new sponsorship deal with Gran Coramino, the luxury tequila brand co-founded by comedian, entrepreneur and Philadelphia native Kevin Hart. Hart told CNBC's Frank Holland in an exclusive interview about the agreement. The Eagles hope to seize on the recent success of celebrity spirits brands, and a rise in tequila sales, as many U.S. drinkers drop beer in favor of liquor. Hart told CNBC, "It's a massive win! In recent years, spirits brands have made a push into sports sponsorships with the major American leagues.

Persons: Kevin Hart, Hart, CNBC's Frank Holland, Gran Coramino, Brian Napoli, Jalen, I've, Jaegermeister, Hennessey, Rick Pineda, Jean Baptiste Descours, Hennessy Organizations: Philadelphia Eagles, NFL, Gran Coramino, Philadelphia, Eagles, Lincoln Financial, Global Brands, Corporate, Kansas City Chiefs, CNBC, Budweiser, Brooklyn Trolley Dodgers, Sports, National Hockey League, Major League Baseball, NBA, Spirits, Diageo Locations: Philadelphia, Gran

☆ Mark Cuban says his kids see downsides to his wealth: 'It sets an expectation’
▼ + stars: | 2023-08-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Take it from Mark Cuban — or, rather, his kids. "Sometimes I think [the money is] the part they don't like," Cuban, who has an estimated net worth of $5.1 billion, according to Forbes, said. "Not that they want to be poor, but it sets an expectation ... it's how other people see them." CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Mark Cuban, TikToker Bobbi Althoff's, Forbes, NBC's, Mark Cuban's, I'm, Steve Harvey's, they'll, Cuban, Althoff, Kevin Hart's, Hart, Peacock, Warren Buffett Organizations: CompuServe, Yahoo, NBC, CNBC, NBCUniversal

☆ Mark Cuban passed on an early Uber investment—his $250,000 would be worth $2.3 billion today: ‘Whoops’
▼ + stars: | 2023-08-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

"Just think: If I would've given him $250,000 on a [$10 million] valuation, it'd be billions," Cuban said. Specifically, given Uber's market capitalization of $90.1 billion as of Friday, Cuban's $250,000 would be worth $2.25 billion today. But, still," said Cuban, whose net worth is currently estimated at $5.1 billion. Cuban and Kalanick already had history at the time: Cuban invested $1.7 million in Kalanick's previous venture, a peer-to-peer networking startup called Red Swoosh, in 2005. However, Cuban said he didn't agree with Kalanick's $10 million valuation of the startup at the time: "I said, 'I'll do it at [a] $5 million valuation...' for Uber!"

Persons: Mark Cuban's, Uber, Travis Kalanick, Kevin Hart's Peacock, Hart, Cuban's, Kalanick, Cuban, Troy Carter, Carter, Mark Cuban, Warren Buffett Organizations: Uber, Cuban, SXSW, CNBC

☆ Will Smith: The No. 1 one thing you can't build a successful career without—you may already have it
▼ + stars: | 2023-08-15 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The secret to success is simple, says Academy Award-winning actor Will Smith: Surround yourself with great people. Success is "a team sport," Smith, 54, said on a recent episode of "Hart to Heart," comedian Kevin Hart's Peacock talk show. The manager's advice was an example of support and collective decision-making between Smith and his team, family and friends, Smith said. What Smith calls a squad, Lisa Skeete Tatum — founder and CEO of Landit, a career consulting platform — calls a "personal board of directors." It's an essential factor in having a fulfilling, successful career, Tatum told CNBC Make It last year.

Persons: Will Smith, Smith, Hart, Kevin Hart's Peacock, James Lassiter, Lassiter, Steven Spielberg, Spielberg, Lisa Skeete Tatum —, Tatum, who's, Warren Buffett Organizations: CNBC

☆ 13 Hollywood production companies making brand films that streamers like Netflix and Apple want to buy
▼ + stars: | 2023-08-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

said Marc Gilbar, who runs the brand division at Imagine Entertainment. Some are also looking to brand films to offset some of the revenue they're losing in the dual Hollywood strikes. (Brand films are often unscripted and thus aren't governed by the Hollywood unions.) They also see brand work being a positive for below-the-line workers who are idled by the work stoppage. Led by EVP Kate Oppenheim, Tribeca Studios' projects have included "We Could be King" (ESPN2) for Dick's Sporting Goods and P&G's Queen Collective series (BET).

Persons: Ben Silverman, Issa Rae's Hoorae, Kevin Hart's Hartbeat, Julian Jacobs, we've, Marc Gilbar, Samuel L, Jackson, Emma Stone, Zac Ryder, Olivia Wilde, Laurene Powell Jobs, Caitlin McGinty, It's, James Gay, Rees, Paul Martin, Kevin Hart's, Hart, Hartbeat, Brian Price, Chase Sapphire, Procter, Reese Witherspoon, Zoe Fairbourn, Ron Howard, Brian Grazer's, Ron Howard's, Bryce Dallas Howard, Gilbar, Rocco DiSpirito, General Mills, Rupert Maconik's Saville, Werner Herzog, Barry Levinson, Sugar23, Oscar, Michael Sugar, Trevor Noah's, he's, Kennedy, Matt Rotondo helms, Sugar, Mike Beck, Alexa Conway, Trevor Noah, Kate Oppenheim, HBO Max, Paul McCartney, Mary McCartney Ventureland, Kerstin Emhoff, Paul Hunter, John Battsek, Stacy's Pita Chips, Will, Jada Pinkett, REI, Gargi Organizations: Hollywood, Brands, Mattel, Netflix, Apple, UTA, Imagine Entertainment, Producers, Adobe, IBM, Anonymous, HP, Afghan Girls National Soccer Team, Showtime, Pepsi Boardwalk Pictures, Relativity Media, Super, Pepsi, REI, Unilever, Marriott, Surf League, Major League Soccer, Sam's, Gamble, Weinstein Co, Hulu, Imagine, Paramount, Saville Productions, Disney, Time Studios, Procter & Gamble, Anheuser, Busch, InBev, CAA, Studios, MSNBC, ABC, NBC, Tribeca Studios, Dick's Sporting Goods, HBO, CNN, Mobile, Stacy's, Everest, Vice Studios, Westbrook Media, Meta, Logitech, Samsung Locations: Hollywood, Subway, Magnolia

☆ How Warner Bros. Discovery's MotorTrend beat the odds and went from magazine publisher to a 9-figure video and digital business
▼ + stars: | 2023-08-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Digital and video content has become a nine-figure business with shows aimed at a broad audience. Building on its linear channel MotorTrend TV and DTC business MotorTrend+, it launched Warner Bros. Discovery's first free, ad-supported TV (FAST) channel last October, and it's slated to roll out its first Spanish-language FAST TV channel, MotorTrend Veloz TV, in August. Discovery formed a joint venture in 2017 of MotorTrend and its cable channel Velocity (since renamed MotorTrend TV). MotorTrend's FAST channel launch last fall on Samsung TVs coincided with Samsung launching its own automotive channel, Ride or Drive, for example.

Persons: Kevin Hart's, Hart, It's, MotorTrend, Alex Wellen, Discovery's, MotorTrend MotorTrend, jumpstart MotorTrend, Discovery, Wellen, Rob Corddry, Mike Suggett, Suggett, Kevin Hart, there's, — Organizations: MotorTrend Group, Warner Bros, Automobile, Harvard Business, Discovery Communications, Scripps Networks Interactive, HGTV, Food Network, CNN Worldwide, FAST, Samsung, YouTube Locations: MotorTrend, That's

☆ Mark Cuban says his 13-year-old son is a 'little mini-me,' selling candy at school: 'He's hustling'
▼ + stars: | 2023-07-21 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Mark Cuban believes he became a billionaire because he's been hustling and selling since childhood. Cuban recently bragged about his 13-year-old son Jake's side hustle selling candy at school on an episode of comedian Kevin Hart's Peacock talk show "Hart to Heart." "He's hustling and selling stuff all of the time," Cuban said in the interview, adding that Jake is tracking and organizing his efforts, too. "He shows me his spreadsheet because he's buying candy and selling it at school," Cuban told Hart, chuckling. Hart noted that Cuban must have been "mind-blown" to see his son taking a candy side hustle so seriously.

Persons: Mark Cuban, he's, Cuban, Kevin Hart's Peacock, Hart, Jake, wouldn't, Cuban's Organizations: Dallas Mavericks, Cuban

☆ BuzzFeed's $300M purchase of Complex promised to grow both brands, but insiders say strategies have clashed and Complex's culture is being 'completely gutted'
▼ + stars: | 2023-01-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Complex insiders worry that the cuts threaten their brand's culture and future. Clashing video strategies as some fear Complex culture is being 'completely gutted'Kevin Hart appeared on Complex's "Hot Ones" series. Before joining with BuzzFeed, Complex's then-CEO Rich Antoniello had conversations with Vice Media and Vox Media. But Complex insiders felt especially aggrieved when, this fall, BuzzFeed announced a global expansion for ComplexCon. To Complex insiders, BuzzFeed's plan to take the event to Australia, Europe, and Asia simultaneously was unrealistic and under-resourced.

☆ Complex insiders say owner BuzzFeed has shed key talent, failed to invest in core content, and threatens to dilute the hip culture brand: 'The BuzzFeed ethos does not get it'
▼ + stars: | 2022-12-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Clashing video strategies as some fear Complex culture is being 'completely gutted'Kevin Hart appeared on Complex's "Hot Ones" series. Before joining with BuzzFeed, Complex's then-CEO Rich Antoniello had conversations with Vice Media and Vox Media. Rubbing salt in the wound, Complex insiders said they felt their brand was scrappier and more culturally relevant than BuzzFeed, which many consider past its prime. But Complex insiders felt especially aggrieved when, this fall, BuzzFeed announced a global expansion for ComplexCon. To Complex insiders, BuzzFeed's plan to take the event to Australia, Europe, and Asia simultaneously was unrealistic and under-resourced.

☆ Ben Affleck and Matt Damon just scored $100 million from RedBird Capital. Check out 15 more private equity players making big bets on Hollywood.
▼ + stars: | 2022-11-28 | by ( Elaine Low | Claire Atkinson | Madeline Berg | ) www.businessinsider.com time to read: +5 min

Private equity firms are investing heavily in film and TV companies, even amid a possible recession. Private equity accounted for 42% of deals over the last year vs. 24% in 2018, according to PwC. RedBird Capital just invested $100 million in Ben Affeck and Matt Damon's new production company, Artists Equity. And earlier that month, Swedish firm EQT invested in UTA, which makes the private equity player the largest outside shareholder of the talent agency. Insider's second annual list of the top private equity players in Hollywood highlights 16 firms, based on our reporting and conversations with investors and insiders.

☆ An exec at Kevin Hart's production company reveals 3 strategies that helped her rise from assistant to VP of TV production in just 4 years
▼ + stars: | 2022-11-08 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Tiffany Brown is vice president of television at Kevin Hart's production company, Hartbeat. Brown, one of Insider's Rising Stars of the entertainment business, rose from assistant to VP in a few years. But staying at the assistant level forever wasn't in the cards for Brown, who in 2018 landed a gig as a junior executive at Hartbeat, comedian Kevin Hart's production company. Learn the basics and don't be above paying your dues"The first thing to focus on is doing the assistant job," Brown said. Foster close relationships with industry peers you like and trust"Some of the most important relationships that I have in this industry," Brown said, are the people she rose up with.

☆ 'Top Gun: Maverick' studio Skydance just scored a $400 million funding led by KKR. Meet 16 private equity players betting big on Hollywood now.
▼ + stars: | 2022-10-14 | by ( Elaine Low | Claire Atkinson | Madeline Berg | ) www.businessinsider.com time to read: +4 min

Private equity firms are investing more deeply in film and TV content companies, even amid a possible recession. Private equity accounted for 42% of deals over the last year vs. 24% in 2018, according to PwC. KKR just led a $400 million funding round for Skydance, giving the "Top Gun: Maverick" studio a $4 billion valuation. And earlier in July, Swedish firm EQT invested in UTA, which makes the private equity player the largest outside shareholder of the talent agency. And KKR is continuing to make big bets: It just led a $400 million funding round in "Top Gun: Maverick" studio Skydance that sent the production company's valuation north of $4 billion.

☆ Kevin Hart sold a $100 million stake in his media company to private equity firm Abry. Here are 10 more Hollywood production shops that are hot M&A targets.
▼ + stars: | 2022-05-19 | by ( Natalie Jarvey | Elaine Low | Madeline Berg | ) www.businessinsider.com time to read: +12 min

Abry Partners' $100 million stake in Kevin Hart's company HartBeat is the latest big M&A move in Hollywood. Dealmakers said production companies are valuable amid the streaming wars and demand for content. The M&A activity had top Hollywood dealmakers telling Insider in early 2022 that practically every independent production company is a target. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on January interviews with five entertainment industry experts and insiders, Insider identified a list of 10 production companies that could be compelling acquisition targets as M&A activity continues.

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