DIRS.INFO The most relevant business & tech news

☆ A New Chapter for Sports Illustrated, With Plans to Keep Print
▼ + stars: | 2024-03-18 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: +1 min

The owner of Sports Illustrated said it had chosen a new company to publish the magazine, a deal that could settle some of the recent friction at the storied publication and continue the print edition. Authentic Brands Group, which owns the intellectual property rights to Sports Illustrated as well as to celebrities like Marilyn Monroe and Muhammad Ali, said it had struck a long-term deal to license Sports Illustrated’s publishing rights to Minute Media, a digital-media company focused on sports. Minute Media’s license with Sports Illustrated will stretch for 10 years with an option to extend for up to 30 years total, into the magazine’s centenary. The companies declined to disclose financial terms but said that Authentic Brands Group was taking a stake in Minute Media as part of the deal. The deal is a significant expansion for Minute Media, a New York-based company founded in 2011 whose holdings — which include the sports websites The Players’ Tribune and Fansided — generate more than $400 million in revenue annually.

Persons: Marilyn Monroe, Muhammad Ali Organizations: Sports Illustrated, Authentic Brands, Sports, Minute Media, Authentic, Media, ’ Tribune, Fansided Locations: New York

☆ Sports Illustrated to avert shutdown as it gets a fresh start under new publisher
▼ + stars: | 2024-03-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

In January, The Arena Group, which had published Sports Illustrated since 2019, stopped paying Authentic its licensing fee for publishing rights. Minute Media said that while it will continue the print edition of the magazine, it hopes to also usher Sports Illustrated into a lucrative digital future. “The weight and power of that distinction cannot be understated.”Minute Media will work to retain most of the Sports Illustrated staff, a person familiar with the matter said. “We have said from the start that our top priorities are to keep Sports Illustrated alive, uphold the legacy of the institution and protect our union jobs. We look forward to discussing a future with Minute Media that does that,” Emma Baccellieri, staff writer for SI and vice chair for the SI Union, said in a statement.

Persons: Asaf Peled, ” Peled, Peled, ” Emma Baccellieri Organizations: New, New York CNN —, Authentic Brands, The New York Times, Sports Illustrated, Group, Media, Players ’ Tribune, FanSided, Minute Media, SI, Arena, Sports Locations: New York

Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products. Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. Authentic had been in negotiations with Arena, Minute Media and other publishing entities over the past two months. Authentic will acquire an equity stake in Minute Media, which also publishes the online sites The Players’ Tribune, FanSided and 90min. “In Minute Media, we have found a partner that will honor SI’s lauded legacy and exceed fan expectations for the future.

Persons: Asaf Peled, Stephen Cannella, ”, Emma Baccellieri, Ross Levinsohn, Meredith, Marilyn Monroe, Elvis Presley, Muhammad Ali, “, SI’s, ” Daniel W, David Bauder, ___ Organizations: Media, Authentic Brands, Minute Media, Players ’ Tribune, FanSided, “, SI, Associated Press, Sports, Group, Meredith Publishing, Time Inc, Reebok, Sports Illustrated, Associated Press Media

Search resuls for: "Fansided"

3 mentions found