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Read previewVenture-capital firm Sharp Alpha Advisors has closed a new $25 million fund to invest in early-stage sports, gambling, and entertainment startups. "And we think that at the intersection of sports, gaming, and entertainment is where this type of engagement is most reliably found." AdvertisementSharp Alpha's new fund intends to invest $1 to $2 million in target ventures — an increase from the average $250,000 offered by its initial fund, Danzig said. Danzig said C15 is a great example of the type of companies Sharp Alpha is looking to invest in. Though the process was difficult, Danzig said he is "very fortunate to have our investors from fund one excitedly and enthusiastically re-upping into fund two."
Persons: , Lloyd Danzig, Danzig, Freevee, Sharp Organizations: Service, Sharp Alpha Advisors, Media, Business, Pluto, Sharp Alpha
CNN —Never before has there been such anticipation ahead of a WNBA season. It’ll be a busy opening day of action, with four games on the slate – including Caitlin Clark’s Indiana Fever debut at 7.30 p.m. 1 pick in April’s 2024 WNBA draft. But now Clark will lace up her shoes for her WNBA debut when she and her Indiana teammates travel to Connecticut to face the Sun. Angel Reese will look to impress in her debut season for the Chicago Sky.
Persons: Caitlin Clark’s Indiana, Clark, TickPick, Caleb Williams, ” Clark, , Gregory Shamus, Lin Dunn, Los Angeles Sparks –, , Cameron Brink, Rickea Jackson, Sparks, Jackson, Angel Reese, Melissa Tamez, Kamilla Cardoso, Reese, Cardoso, A’ja Wilson, Kelsey Plum, Alysha Clark, Candance Parker, Sabrina Ionescu, Breanna Stewart, Courtney Vandersloot, Jonquel Jones, Sandy Brondello, Alyssa Thomas, DeWanna Bonner, Leila Lacan Organizations: CNN, WNBA, Washington Mystics, New York Liberty, Entertainment, Sports Arena, Mystics, Liberty, ESPN3, ESPN, Amazon Prime, ION, NBA, ABC, CBS Sports Network, CBS, Paramount, NCAA, Iowa Hawkeyes, Chicago Bears, Sun, Mohegan Sun, Aliyah, Los Angeles Sparks, Los, Chicago Sky, LSU, Aces, Las Vegas Aces, Las, Barclays Center . The Liberty, Vegas, Connecticut Sun Locations: Washington , DC, Indiana, Connecticut, Aliyah Boston, Boston, Clark, Boston , Indiana, Brink, Los Angeles, Chicago, Illinois, South Carolina, Las Vegas, New York, Angers, France
Fat Brands announced its intention to spin off Twin Peaks through an IPO last year. Since its founding in 2005, Twin Peaks has grown to nearly 115 restaurant locations in the U.S. and Mexico. Smokey Bones is a newer addition to Fat Brands' portfolio, which currently includes 18 chains. Fat Brands acquired it in September 2023, with the goal of converting more than half of its 61 corporate-owned restaurants into Twin Peaks locations. Wiederhorn has a 45% stake in Fat Brands through Fog Cutter Holdings, according to FactSet.
Persons: Brands, Smokey, Andy Wiederhorn, Smokey Bones, Darden, Wiederhorn Organizations: Fat Brands, Securities and Exchange, Brands, SEC, Hooters, Olive Garden, Fog Cutter Locations: Wiederhorn, Los Angeles, U.S, Mexico, Olive, Twin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRishe: Caitlin Clark's WNBA debut is a watershed moment for the leaguePatrick Rishe, Director of the Sports Business Program at Washington University, discusses how Caitlin Clark and the WNBA impact the sports streaming business.
Persons: Caitlin Clark's, Patrick Rishe, Caitlin Clark Organizations: Sports Business, Washington University
But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.
Persons: , SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank
Read previewA restaurant in Las Vegas hosted what parents described as an "extremely disappointing" "Bluey" meet-and-greet event which left kids upset and their parents angry. one person wrote on Facebook. "Bluey is a guy in Bluey pajamas," one person wrote. Some people said they wouldn't return to the restaurant after their experience at the Bluey event. one Facebook user wrote.
Persons: , FOX5 Vegas, Taj Wilder, FOX5, , Instagram, Ludo Studio, Richard Haigh, Willy Wonka Organizations: Service, Facebook, Business, Staff, Sams Club, Costco, Brand Finance, Bloomberg Locations: Las Vegas, Glasgow
“This case is going to turn in large part on the cross-examination of Mr. Cohen. Cohen said that Trump told him: “Women are going to hate me. “This was all about the campaign.” Cohen also testified that Trump said he would not be on the market for long, implying he could get another wife quickly. Throughout his testimony, Cohen said he always kept Trump up to speed with his activities. “Everything required Mr. Trump’s sign-off,” he said, noting the Daniels payment was no exception.
Persons: CNN — “, Michael Cohen, Donald Trump’s, Cohen, Trump, ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Bernarda Villalona, , Donald Trump, , “ Michael Cohen, David Schoen, ” Schoen, CNN’s Wolf, quagmire, Joe Biden, Judge Juan Merchan, Cohen –, , Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, mulls, “ What’s, Stormy Daniels, Susan Hoffinger, Hoffinger, Daniels, Daniels ’, , ” Cohen, smirked, Trump’s, , , reimbursements Cohen, Allen Weisselberg Organizations: CNN, Prosecutors, Republican, NYU Law, Trump, New, New York Times, Judge, Alabama, GOP, Ohio Republican, Trump Organization, White House Locations: New York, Siena, York, Ohio
Texas is seeing a strong labor market, with record-high employment figures. Business Insider looked at Bureau of Labor Statistics data to check out how pay looks in Texas. Texas' best-paying jobs are athletes and sports competitors, but around two dozen jobs pay over $175,000 on average. March data from the Bureau of Labor Statistics shows the state has a record-high number of people in the labor force and a record-high number of jobs. Starting in June 2023, the unemployment rate in Texas has consistently been 3.9%, and the rate has been close to or at the national unemployment rate during 2024 so far.
Persons: Organizations: of Labor Statistics, Service, Bureau of Labor Statistics, Business Locations: Texas . Texas, Texas
Sports bettors flocked to ESPN Bet after its mid-November launch. Taking 10% to 20% market share by 2027 no longer seemed like such a stretch — even in a crowded, competitive space. ESPN Bet's share of the online sports betting market has dipped in recent months. The gamble may be riskier than analysts thought, and it will be an outright disaster if ESPN Bet doesn't perform better than Barstool Sportsbook. Related storiesIn the first quarter, Penn's interactive segment headlined by ESPN Bet lost nearly $200 million on an adjusted basis.
Persons: , Sports bettors, Penn, ESPN Bet doesn't, Shaun Kelley, hasn't, Kelley, BofA, ESPN Bet wouldn't, Bob Iger —, what's, Jay Snowden, We're, Snowden, That's, It's, that's Organizations: Service, ESPN, Penn Entertainment, Sports, ESPN Bet, Business, Bank of America, ESPN Bet's, Penn, Disney
Hyper-luxury golf carts that you can drive on the road
  + stars: | 2024-05-13 | by ( Jack Bantock | ) edition.cnn.com   time to read: +7 min
But one Danish company is on a mission to put the art in golf cart. “When it came to the golf cart 18 years ago, they all looked the same – there weren’t any serious high-end products out there,” Lynge told CNN. You want something that’s sort of Lamborghini-shaped – very low and wide – but the golf cart is the exact opposite.”Tiger Woods rides a conventional golf cart at a tournament in 2005. Lynge took the prize ceremony event as an opportunity to pitch a dream that would be realized in 2016 – a Garia golf car inspired by Mercedes-Benz Style. “Really expensive … super exclusive, but also the coolest golf car you’ll ever see,” Lynge said.
Persons: Anders Lynge, Soren Bak Hansen, ” Lynge, Garia, Lynge, , , Woods, Jeff Gross, Mercedes, Lars Larsen, Lynges, , we’ve Organizations: CNN, Augusta National, Garia, Bentley, Lamborghini, Kussmaul, Mercedes, Benz, US, Lars Larsen Group Locations: Turnberry, Scotland, Copenhagen, German, Europe, , London
Kenvue — Shares declined nearly 2% after Kenvue announced Johnson & Johnson will sell its 9.5% stake stake in the company. The consumer health company completed its spinoff from Johnson & Johnson in May 2023. The company's balance sheet deterioration was also a point of concern for the stock, according to the firm. Demand for international travel and a rebound in corporate travel will support the stocks, according to the firm. Incyte — The biopharmaceutical company jumped more than 5% Monday after it approved a $2 billion share repurchase program.
Persons: Kitty, Jefferies, Blayne Curtis, Kenvue, Johnson, Squarespace, Penn, Susquehanna, , Samantha Subin, Jesse Pound, Michelle Fox, Pia Singh, Fred Imbert Organizations: GameStop, Arm, Nikkei, Nvidia, Intel, Street Journal, Apollo Global Management, Kenvue, Johnson, Penn Entertainment, Bank of America, Airline, American Airlines, HSBC, Delta, Susquehanna Locations: Ireland, Delta
Lagos, Nigeria CNN —The Duke and Duchess of Sussex embarked on what was officially dubbed a 3-day private visit to Nigeria, yet it unfolded with all the grandeur and attention typically reserved for royal tours. The pair had been invited to the West African nation by the country’s highest-ranking military official, Christopher Musa. Meanwhile, for Prince Harry and Meghan, this marked their first major trip to Africa since relinquishing their official royal duties. Meghan, in particular, embraced exploring her Nigerian ancestry after discovering several years ago that she is 43% Nigerian through a genealogy test. As they bid farewell to Nigeria, Meghan declared: “I can’t wait to come back!”
Persons: Duke, Duchess of, Christopher Musa, Meghan, Harry, Duchess of Sussex, Britain's Prince Harry, Duke of Sussex, Kola Sulaimon, Prince Harry, aplomb, Ngozi, Mo Abudu, selfies, Obi, Onitsha, Igwe Nnaemeka Alfred Ugochukwu Achebe, Meghan “ Ada Mazi, Oba Abdulrasheed Adewale Akanbi, Princess Diana, Uba Sani, Sani, , Princess Meghan, ” Harry, Boko Haram, Corporal Yusef, Polo Organizations: Nigeria CNN, Lightway Academy, Foundation, GEANCO Foundation, Nigerian Defence Headquarters, Nigeria Unconquered, Getty, World Trade, Invictus Games, Lagos Polo Club Locations: Lagos, Nigeria, Duchess of Sussex, Abuja, West, AFP, Texas, Africa, Nigerian, American, Kaduna
Porsche’s iconic 911 is going hybrid
  + stars: | 2024-05-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +3 min
A hybrid Porsche 911, with its gas engine assisted by at least one battery-powered electric motor, will officially be revealed in an online event on May 28. Porsche itself already sells plug-in hybrid models like the Cayenne e-Hybrid SUV and Panamera e-Hybrid four-door car but a hybrid 911 is another matter. This new hybrid model will be the closest Porsche can get to an electric 911 without raising those sorts of philosophical questions. But we do know the hybrid 911 is clearly faster than the current purely gas-powered 911. The faster time indicates the hybrid 911 has greater power due to the addition of electric assistance.
Persons: CNN —, ” Jörg Bergmeister, didn’t, Ferdinand Porsche Sr, Ferdinand “ Ferry, Ferry’s, Ferdinand “ Butzi Organizations: CNN, CNN — Porsche, Porsche, Volkswagen Locations: Cayenne
Learn moreThe 2024 Giro d'Italia is well underway, with the first two weekends of the competition officially complete. We've gathered everything to know about where to watch Giro d'Italia, including a free live stream. Shop at MaxWhere to watch Giro d'Italia in the UKDiscovery+ will show the 2024 Giro d'Italia races in the UK. Where to watch Giro d'Italia in ItalyRai Sport will carry live streams for every stage of this year's Giro d'Italia for fans in Italy. Where to watch Giro d'Italia in AustraliaGiro d'Italia will stream on SBS in Australia.
Persons: Primož Roglič, Val Fortore, Max, HBO Max, it's, ExpressVPN Organizations: Business, Tour de France, de France, SBS, RAI, Giro, HBO, Warner Bros, Italy Rai Sport Locations: Italy, Australia, ExpressVPN, Mare, Fano, Australian
TubiHow Tubi found a Gen-Z audienceTubi, which was acquired by Fox in 2020 for $440 million, didn't deliberately aim at Gen Z when it started in 2014. Because Gen Z spends so much time on social media, they're used to entertainment being free. "Gen Z is orienting themselves around shared interests, subculture interests. The plan is to turn fans into promotors, recognizing that Gen Z is heavily influenced by their friends' recommendations; the initiative is in beta. My thesis is not that people are going to cancel their Netflix subscriptions and go running to Tubi," Parlapiano said.
Persons: Tubi, Peacock, Max, Gen, Nicole Parlapiano, It's, it's, Rupert Murdoch, Fox, There's, didn't, they're, Parlapiano, we've, Carter, Anne Hathaway, Bijou Phillips, Joseph Gordon, Levitt, Chris Baker, Issa Rae's, Bridgerton's, Nicola Coughlan Organizations: Service, Fox, Nielsen, Disney, Hollywood, Business, YouTube, Netflix, FAST, ColorCreative, promotors Locations: Tinder, Tubi
There’s no way to be a perfect parent
  + stars: | 2024-05-13 | by ( Dr. Katie Hurley | ) edition.cnn.com   time to read: +7 min
I was stuck in the revolving door of work and parenting, and nothing about my personal life was Instagram-worthy. Somewhere between 2006 and now, parenting became a crash course in achievement, with social media grading us at every turn. Children and parents alike have unknowingly entered a relentless pressure cooker under the constant spotlight of social media. These can result in a cycle of increased mental health issues for both the parent and the child. There are two social media tricks that can be life-changing for adults: Mute accounts (you’re the only one who will know!)
Persons: TikTok, , Jessica Lahey, Donald Winnicott, Winnicott, , , ” Lahey, Katie Hurley, Strong, Fiona McPhee Organizations: CNN, Facebook, Foods, Ohio State University College of Nursing, Netflix
Here's what will likely be topics of discussion during Upfronts week, whether it's on stage, in the audience or in private. That dependsMedia companies just finished reporting quarterly earnings, which showed traditional TV is still lagging behind streaming and digital when it comes to ad revenue. Streaming advertising was up 22% across media companies, and now makes up 18% of total advertising. Tech companies including Snap , Roku , Google and Microsoft each saw digital advertising revenue make a comeback this past quarter. Streaming advertising revenue jumped 70%, but the overall number is much lower — just $175 million.
Persons: Kevin Mazur, David Zaslav, Tim Nollen, Mike Kemp, Bob Iger, YouTube's, Tom Hiddleston, Loki, Peacock, Hugh Johnston, Hulu —, NBCUniversal, LeBron James, Jevone Moore Organizations: Getty, Getty Images Media, Hollywood, Warner Bros, Discovery, Media, Upfronts, Macquarie, Tech, Google, Microsoft, Netflix, Disney, Amazon Prime, Amazon, National Football, YouTube, Nielsen, Comcast, Radio City Music Hall, ESPN, Madison, Warner Bros . Discovery, Max, Fox, Sports, NBA, Los Angeles Lakers, Los Angeles Clippers, Crypto.com Arena Locations: Waterloo, London, United Kingdom, U.S, New York City, Hulu, Los Angeles
Read previewThe expansion of legal gambling in the US has kickstarted the growth of gambling influencers who play and promote sports betting, slots, and other casino games online. On Wednesday at the SBC North America Summit in New Jersey, the three gambling influencers broke down how they make money from their content and the challenges of promoting gambling online. AdvertisementUnlike some other content niches, restrictions on gambling content can limit the ways influencers earn and how much they can make. Platforms like YouTube and Twitch restrict gambling on certain sites, while others, including Instagram and TikTok, limit how gambling content is distributed. The pros and cons of affiliate deals for gambling influencersDuffy said he likes doing affiliate deals because he can be a positive influence in the industry.
Persons: , Josh Duffy, Kelly Koffler, Jon Della Terza, influencers, Duffy, influencers Duffy, Koffler Organizations: Service, YouTube, Business, SBC North America Summit Locations: New Jersey
As a child, I was not fast or coordinated or interested in anything that involved chasing, catching or otherwise playing ball. But in the long, cold and gloomy spring of 2020, I found myself the mother of an 8-year-old son who wanted nothing more than to play ball. My husband was game, but Will’s appetite for catch was voracious. American film and literature are threaded through with stories of fathers and sons playing ball, from Donald Hall’s essays “Fathers Playing Catch With Sons” to a father appearing on the baseball diamond in “Field of Dreams,” transcending death to participate in a game of catch with his son. But as I picked up a glove, the imagined maleness of the game offered me a certain freedom.
Persons: Hitler, Donald Hall’s, , Will Locations: Germany
CNN —When Lauren Price was eight years old, she wrote down three goals for herself – to become a kickboxing world champion, play international soccer for Wales and compete at an Olympic Games. At 12, she was a world kickboxing champion, a title she won another three times. “This is just the start,” Price, now the WBA, IBO and Ring Magazine welterweight champion, told broadcaster Sky Sports afterwards. Lauren Price won a gold medal at the Tokyo Olympic Games in 2021. My nan used to say ‘reach for the moon, if you fall short you’ll land on the stars,’” Price told Sky Sports.
Persons: Lauren Price, , Price, Matt Lewis, Jessica McCaskill, McCaskill’s, ” Price, , Katie Taylor, Derek, Linda, Buda Mendes, ’ ” Price, it’s, , Ben Shalom Organizations: CNN, Wales, Olympic, Soccer, London, Tokyo, WBA, IBO, Sky Sports, National Lottery, Tokyo Olympic Games Locations: Cardiff, Wales, Ireland
Learn moreGrand Prix de France, or the French Grand Prix, is back for another year. We've got all of the details on where to watch the MotoGP race, including a free live stream. Where to watch MotoGP in the USMax is the streaming home of MotoGP in the US. Shop at MaxWhere to watch MotoGP in AustriaAll MotoGP races air on ServusTV in Austria. How to watch MotoGP from anywhereIf you're outside Austria at the moment, you can still access the free French MotoGP live stream with a VPN.
Persons: We've, Marco Bezzechi, Jorge Martin, Francesco Bagnaia, Max, HBO Max, it's, ExpressVPN Organizations: Business, Prix de France, Bugatti Circuit, MotoGP, HBO, Warner Bros, Austria Locations: Le Mans, France, ServusTV, Austria
The company has also leaned into live comedy shows, broadcasting a slew of events including the recent roast of Tom Brady. But on its most recent earnings call in April, co-CEO Ted Sarandos said Netflix isn't "anti-sports, but pro-profitable growth." Conway teaches courses about sports leadership and management, and he spent much of his career as a marketing executive for two Major League Baseball teams. Over the past few years, Apple has bought the rights to air Major League Baseball and Major League Soccer games. CNBC reported last year that Netflix, as well as Amazon, Apple, Comcast's NBCUniversal/Peacock, had expressed potential interest in a contract.
Persons: Rafael Nadal, Tom Brady, Sarandos, Ted Sarandos, Mike Tyson, Jake Paul, Marty Conway, Conway, Needham, Laura Martin, Martin, Brandon Katz, Katz, NBCUniversal, Peacock, William Mao, Octagon, Tyson, Paul, Mao Organizations: Netflix, WWE, Georgetown University, Major League Baseball, Apple, Disney, Warner Bros . Discovery, Fox, Warner Bros, Major League Soccer, National Football League, National Basketball Association, CNBC, NFL, NBA, Comcast
Below, we'll break down all of your Interview with the Vampire Season 2 watch options. Where to watch Interview with the Vampire in the USInterview with the Vampire airs at 9 p.m. Shop at SlingWhere to watch Interview with the Vampire in the UKSeason 1 of Interview with the Vampire is available to stream for free through BBC iPlayer in the UK. This can also be used to watch Interview with a Vampire for free via TVNZ in New Zealand. How to watch Interview with the Vampire with a VPNSign up for a VPN if you don't already have one.
Persons: we've, Anne Rice, Louis de Pointe, Jacob Anderson, Daniel Molloy, Eric Bogosian, Lestat de Lioncourt, Sam Reid, Claudia, Bailey Bass, Delainey Hayles, Brad Pitt, Tom Cruise, you've, Philo Organizations: Business, AMC, Sling, BBC, HGTV, Lifetime, TVNZ Locations: Louis de Pointe du Lac, BBC America, New Zealand
Two months before the Olympics are scheduled to begin in Paris, the global agency tasked with policing doping in sports is facing a growing crisis as it fends off allegations it helped cover up the positive tests of elite Chinese swimmers who went on to compete — and win medals — at the last Summer Games. The allegations are particularly vexing for the World Anti-Doping Agency, which has long billed itself as the gold standard in the worldwide movement for clean sports, because they raise the specter that the agency — and by extension the entire system set up to try to keep the Olympics clean — cannot be trusted. Athletes are openly questioning whether WADA can be relied upon to do its core job of ensuring there will be a level playing field in Paris, where some of the same Chinese swimmers are favorites to win more medals. And in recent days, pressure on WADA has increased significantly, particularly from the United States, which is one of the agency’s chief funders, and as new questions have emerged about WADA’s appointment of an independent prosecutor to investigate the allegations, and whether WADA has provided an accurate account to the public about the appointment, according to interviews and documents reviewed by The New York Times.
Persons: , specter, WADA Organizations: Doping Agency, The New York Times Locations: Paris, United States
Saudi Arabia is planning to build the world's longest infinity pool in Neom's Treyam region. The plans dwarf Dubai's 393-foot-long infinity pool that's suspended between twin skyscrapers. AdvertisementSaudi Arabia is planning a spectacular infinity pool that will be almost 1,500 feet long. #Treyam #NEOM pic.twitter.com/syJG7hCZ34 — NEOM (@NEOM) March 20, 2024In a statement, Neom said the design "represents a harmonious fusion of contemporary design and minimal environmental impact while promising guests an unparalleled retreat to unwind and rejuvenate amidst breathtaking natural vistas." NeomIf completed, the pool would dwarf nearby Dubai's offering — a 393-foot-long infinity pool suspended between twin skyscrapers.
Persons: , Neom, Prince Mohammed bin Salman's Organizations: Service, Planners Locations: Saudi Arabia, Treyam, Neom's Treyam, unwind, Aqaba, Neom's, Saudi
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