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Friday’s anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card. The bout shown on Netflix was the most streamed global sporting event ever with 65 million live concurrent streams and 108 million total live viewers around the world, according to a Netflix release. The Amanda Serrano and Katie Taylor fight before the Tyson-Paul match averaged 74 million live global viewers, the most watched professional women’s sporting event ever in the U.S. with 47 million viewers, the company said. Both Tyson and Paul made 10-figure paydays, according to Most Valuable Promotions co-founder Nakisa Bidarian, whose company promoted the fight. Serrano and Taylor received record pay for women’s boxing, he said.
Persons: Friday’s, Mike Tyson, YouTuber, Jake Paul, Amanda Serrano, Katie Taylor, Tyson, Paul, Nakisa Bidarian, Serrano, Taylor, Bela Bajaria, NBCUniversal’s Peacock Organizations: Netflix, Football Locations: U.S, Nevada
Friday's highly anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card. The bout shown on Netflix was the most-streamed global sporting event ever with 65 million live concurrent streams and 108 million total live viewers around the world, according to a Netflix release. The Amanda Serrano and Katie Taylor fight before the Tyson-Paul match averaged 74 million live global viewers, the most-watched professional women's sporting event ever in the U.S. with 47 million viewers, the company said. Both Tyson and Paul made 10-figure paydays, according to Most Valuable Promotions co-founder Nakisa Bidarian, whose company promoted the fight. Serrano and Taylor received record pay for women's boxing, he said.
Persons: Friday's, Mike Tyson, YouTuber, Jake Paul, Amanda Serrano, Katie Taylor, Tyson, Paul, Nakisa Bidarian, Serrano, Taylor, Bela Bajaria, NBCUniversal's Peacock, Peacock Organizations: Netflix, National Football League, Football, CNBC Locations: U.S, Nevada, NBCUniversal
His career prize money sits at $134,946,100, according to ATP Tour data. Those earnings make him the second-highest paid tennis player ever, putting him just ahead of rival Roger Federer's $130.5 million. Nadal's place on tennis' all-time prize money leaderboard is safe for the time being. The 27-year-old will need to take home a little less than $90 million in prize money in order to overtake Nadal. Though he is just 21, Alcaraz's $36 million in prize money already puts him in the top-10 of all time earners.
Persons: Rafael Nadal, , Novak, Nadal, paydays, Roger Federer's, accoridng, Richard Mille, Federer, Andy Murray, Alexander Zverev, Carlos Alcaraz, here's Organizations: ATP Tour, Nadal's, Forbes, Nike, Kia, Nadal
Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants. Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. So far, stock grants have "proven to be better than cash in your pocket."
Persons: Elon Musk's, It's, Tesla, Donald Trump's, , Zaheer Mohiuddin, ISOs, Greg Selker, Stanton Chase, Selker, Musk, we've, Harley Shaiken, Ford, Shaiken, Drew Baglino, Zachary Kirkhorn, Omead Afshar, Aaron Greenspan, it's Organizations: Business, CNBC, Securities and Exchange Commission, Nvidia, Ford, Meta, Amazon, Apple, Microsoft, BI, Companies, Google, US, Netflix, Big Tech, GM, Musk, Bloomberg Locations: Silicon Valley
Here's how the process could work and what Wall Street bankers stand to gain. AdvertisementAs third-quarter earnings demonstrated, Wall Street dealmaking appears to be bouncing back after three years of lackluster activity. Spokespersons for both Goldman Sachs and Morgan Stanley declined to comment or confirm their reported participation in the project. The two investment bankers – neither of whom are affiliated with Goldman, Morgan Stanley, OpenAI, or Microsoft — requested anonymity to preserve industry relationships. Largely speaking, however, Wall Street is poised to win, Roberts said.
Persons: Goldman Sachs, Morgan Stanley, , OpenAI, , Morgan Stanley's, PwC, Michael Roberts, Morgan, Roberts, Wharton, dealmaker, Sam Altman, Altman, Elon Musk, Reed Alexander Organizations: Service, Wall Street Journal, Microsoft, The, BI, Wharton School, University of Pennsylvania, Goldman, Wall Street, Wharton, dealmakers, Apple, Tesla Locations: San Francisco, Silicon Valley
Tom Cruise is no stranger to big Hollywood paydays, but his latest role came free of charge. We'll do the thing in LA with the Hollywood sign, he'll hand the thing off and he's done. Wasserman said Cruise "got more involved and engaged" as planning for the closing ceremony stunt got underway. Wasserman said Cruise was true to his word, arranging a jam-packed travel day in order to film everything that was needed. Then he helicoptered from Palmdale to the Hollywood sign, filmed from one until five, helicoptered to the Burbank airport and flew back to London at six o'clock."
Persons: Tom Cruise, Casey Wasserman, lister, he'd, Wasserman, Cruise, I'm, Simone Biles, Karen Bass Organizations: Hollywood, Paris Olympics, CNBC, Summit, Los, Stade de France, Los Angeles Locations: Los Angeles, LA, Los, London, Palmdale, Burbank
Google unnerved Silicon Valley last week when it agreed to pay $2.5 billion to license Character.AI's technology, hire its two superstar cofounders and 20 percent of employees. The deal came after AI developers Adept and Inflection both effectively sold themselves to Amazon and Microsoft, respectively, in recent months. It was only last year Character.AI raised $150 million in venture funding, which valued the company at $850 million. Its appeal as a chatbot that uses AI to make virtual characters that interact with users seems decidedly niche. Related storiesMost of the founders and investors Business Insider spoke to for this story say Google has little interest in Character.AI's actual product.
Persons: cofounders, Brent Queener, Kyle Sanford, Character.AI, Iris Sun, Noam Shazeer, Daniel De Freitas, Jack Selby, Peter Thiel's, Steve Brotman, Shazeer, De Freitas, PitchBook's Sanford, they're, Roy Bahat, Arvind Jain, Cameron Lester, Lester Organizations: Service, Microsoft, Bonfire Ventures, Business, Apple, Big Tech, AZ, Biden Administration, Federal Trade Commission, Department of Justice, Alpha Partners, FTC, DOJ, New York Times, Google, Madrona Venture, Bloomberg Beta, Jefferies
Quinn Ewers is among the legions of sports fans who will rejoice over a subtle change when the first new college football video game in more than a decade debuts this week. Ewers will be able to play as himself rather than as an unnamed 6-foot-2-inch athlete with strikingly similar features who also wears a No. A primary reason many fans buy a new version of the same sports video game every year is to play with updated team rosters, ones filled with offseason acquisitions and unbridled optimism. But to comply with amateurism rules, college sports titles like the popular N.C.A.A. Football franchise long had to fill those rosters with thinly veiled stand-ins.
Persons: Quinn Ewers, , Ewers Organizations: Longhorns, University of Texas, Football
Maesha Shonar, a micro influencer with 24,000 followers on Instagram, previously told BI she had such a highly engaged audience. Take a look at new data on influencer brand deals in 2024Platforms also pay creators based on their video views and engagement. Read more about how TikTokers can score huge paydays for longer videosOn Snapchat, creators have had success making money from its ad-revenue program. Related storiesAffiliate marketing is another popular way to make money after becoming an influencer. Nino de Guzman said she launched the app to help show others how easy it was to become an influencer and make money from social media.
Persons: , Ayomi Samaraweera, Samaraweera, Nadya Okamoto, influencers, Stacy Kim, Maesha, Instagram, Nate White, I've, MrBeast, Read, videographer Tej Patel, AJ, Grey, influencer Janesha Moore, Moore, makeups, Paulina Perez, she's, Perez, Slack, Lissette Calveiro, Christen Nino de Guzman's Clara, Nino de Guzman, Christen Nino De Guzman, Alix Earle ., Kensington, that's, Danielle Pistotnik, publicists Organizations: Service, YouTube, Business, Samsung, Verizon, Amazon, Brand, UTA, CAA, Management Locations: California
College sports bring in billions of dollars in revenue every year, but until very recently virtually none of it went to athletes. v. Alston that student athletes should be able to profit from their names, images or likenesses, known as NIL. That settlement, which is not yet finalized, will likely change college sports, but many questions about the details of that future remain unclear. Senator Ted Cruz, the Texas Republican, has been trying to help create a solution for college sports. I spoke with him about why he believes preserving competitiveness in college sports is a job for the federal government.
Persons: Alston, Brett Kavanaugh, Ted Cruz, Organizations: Texas Republican Locations: N.C.A.A, America
Read previewGlen Powell said his bank account was "depleting" while he waited for "Top Gun: Maverick" to arrive in theaters after Tom Cruise delayed the sequel during the pandemic. In an interview published in The Hollywood Reporter last week, Powell said he landed in financial difficulty after Cruise refused to release "Maverick" on a streaming service. AdvertisementCruise had faith in the film, which is why he wanted to ensure its theatrical release. According to Box Office Mojo, "Top Gun: Maverick" raked in $1.495 billion worldwide. Powell saw similar success with a theatrical versus streaming release with the recent R-rated rom-com, "Anyone But You," featuring Sydney Sweeney.
Persons: , Glen Powell, Tom Cruise, Jake, Cruise, Val Kilmer, Miles Teller, Jon Hamm, Powell, I'd, Tom, Sydney Sweeney, Syd Organizations: Service, Business, Hollywood, Office
CNN —College athletes could soon get dramatically different paychecks. The lawsuitThe House v. NCAA lawsuit was filed by Grant House and Sedona Prince, two college athletes, against the NCAA and the Power 5 conferences – the Pac-12, Big Ten, Big 12, Southeastern and Atlantic Coast – in US District Court Northern District of California Oakland Division in 2020. But college athletes in the House lawsuit say current NIL rules and an “anticompetitive” college system hurt their chances to make money. The possible settlement comes against a backdrop of attitudes toward college athletes receiving payments gradually changing. Earlier this year, members of the Dartmouth College men’s basketball team became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports.
Persons: Grant, Caitlin Clark, Caleb Williams, NILs, Michael Reaves, , Chris Jones, ” Jeffrey Kessler, Kessler Organizations: CNN — College, National Collegiate Athletics Association, NCAA, Grant House, Sedona Prince, Big, of California Oakland Division, College, Football, Division, Department of Education, Supreme, Iowa, USC, Westmont, FMC, CNN, National Association of Collegiate, Athletics, Baylor Lady Bears, USA, Sports, Reuters, Yahoo Sports, Athletic, ESPN, ACC, Dartmouth College men’s Locations: Southeastern, Atlantic, California, U.S, United States
Caitlin Clark's record-breaking college career has sparked unprecedented interest in the WNBA. The 27-year-old five-time All-Star urged fans who have enjoyed Clark's college career to stick around and help grow the women's game. "I hope that anyone's invested and paying attention to it, continues to invest in it," Wilson said. The All-Star center also commented on the major paydays top college athletes are taking home thanks to NIL rules allowing student athletes to leverage their personal brands. With Clark's $76,000 rookie salary making headlines last week, Wilson said she hopes college stars continue to go pro and bring their sponsors and investors along with them.
Persons: Caitlin Clark's, A'ja Wilson, Clark, Wilson, anyone's Organizations: WNBA, Las Vegas Aces, Star, Nike, CNBC
Elon Musk says he's hiking the salaries for those working on Tesla's AI engineering team. "The talent war for AI is the craziest talent war I've ever seen!" Tesla CEO Elon Musk said on Wednesday that his company is increasing the compensation packages for those working on the AI engineering team. — Elon Musk (@elonmusk) April 3, 2024Representatives for OpenAI did not immediately respond to a request for comment from Business Insider sent outside regular business hours. "The talent war for AI is the craziest talent war I've ever seen!"
Persons: Elon Musk, Musk, OpenAI, , Sam Altman, poach, Tesla, — Elon, Ethan Knight, Ethan, Elon, Meta's Mark Zuckerberg, Google's, Meta, It's, who's, Sergey Brin, Brin Organizations: Service, Tesla, Musk's, xAI, OpenAI, Business Insider, Big Tech, Google
Many of these student-athletes have full-ride athletic scholarships that cover their tuition and fees, course-related books, and room and board. What's more, landing an athletic scholarship often isn't enough to fully pay for one's college education. While 2% of high-school athletes receive an athletic scholarship, Strasman said only about 1% receive a full-ride scholarship that fully covers expenses like tuition, books, and room and board. While any scholarship money is better than none, there's no guarantee those funds will be there all four years. "I would say likely the kids that have the biggest paydays that we're hearing about are often already on scholarship," Strasman said.
Persons: , it's, Lisa Strasman, Strasman, Strassman, there's, University of Iowa's Caitlin Clark, Clark, Bill Carter, haven't Organizations: Service, Business, Power, NCAA, University of Iowa's, Sports Business
Nicolas Cage said it's probably true he didn't get paid for "Leaving Las Vegas." AdvertisementNicolas Cage may have left a paycheck behind when he was leaving Las Vegas. Cage told BI he feels similarly. "I got to play a part that I absolutely had to play," he told BI. Well, yes, it is, but it's also not only that," Cage told BI.
Persons: Nicolas Cage, it's, didn't, Oscar, , Ben Sanderson, Cage, Mike Figgis, Figgis wasn't, Cage's —, Mandy, Lon Chaney, Ben Brewer, Cage's, Mike Nilon Organizations: Service, Las Vegas, Globe, SXSW, TV, Business Locations: Las Vegas, Hollywood
The budget seeks to restore the expanded Child Tax Credit and keep Social Security benefits intact. The budget also proposes a tax increase on billionaires, companies, and firms giving executives big paydays. The proposal comes after a tax bill that would partially expand the Child Tax Credit currently lingers untouched in Congress. Advertisement"It cuts costs for families with children and American workers and lowers childcare costs for hardworking families," Young continued. Would a restored child tax credit or maintained Social Security benefits impact your life?
Persons: Joe Biden, , White, Shalanda Young, Young, Biden Organizations: Tax, Social, Service, American, Management, Social Security, Federal, Aid, Republican, Republicans, Democratic, , GOP, Security
A judge recently voided Elon Musk's $55 billion compensation package at Tesla. AdvertisementA Delaware judge recently ruled that Elon Musk should not get a $55 billion compensation package for his work at Tesla despite his contributions to the company. So now that Musk's compensation has to be renegotiated, will other executives kiss their massive bonuses, stock options, and paychecks, goodbye? The more Tesla was worth, the higher Musk's compensation would get. "I don't know whether individual CEOs are panicking or taking Elon Musk as a role model, thinking, 'Well, if he doesn't like Delaware, then I have to move out of Delaware,'" Lipton said.
Persons: , Elon, Tesla, I'm, James, Kathaleen McCormick, Musk, Musk Ann Lipton, Lipton, Musk's, Kimbal, Elon Musk Organizations: Elon Musk's, Tesla, Service, University of California, Delaware Supreme, Tulane University, Business Locations: Delaware, Los Angeles
In today's big story, we're looking at Sam Altman's sprawling AI empire amid his beef with Elon Musk . AdvertisementBut first, the sun never sets on Sam Altman's AI empire. OpenAI CEO Sam Altman was thrust into the mainstream consciousness with the release of ChatGPT in 2022. Elon Musk and Sam Altman Michael M. Santiago/Getty, Nordin Catic/Getty, Tyler Le/BIThere is another tech billionaire whose vision exceeds a singular company. But unlike Musk, Altman has, somewhat incredibly, mostly skirted controversy (save for his ouster-then-return saga ).
Persons: , There's, Sam Altman's, Elon Musk, Alastair Grant, Rebecca Zisser, Sam Altman, Altman, Darius Rafieyan, Sam Altman Michael M, Nordin Catic, Tyler Le, Elon, Musk, OpenAI, execs, Altman isn't, Robert Downey Jr, Tony Stark, Goldman Sachs, Jenny Chang, Rodriguez, Neema Raphael, Goldman's, Jerome Powell, Powell, Li Qiang's, Xi Jinping, Fernando Gutierrez, leapfrog, Ridley Scott's, Napoleon, BI's Peter Kafka, Elon Musk's, Joe Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Elon, Business, OpenAI, Microsoft, Goldman, Beijing, Nvidia, leapfrog Apple, Apple, Google, FTC, Facebook, Variety, Tesla, Costco, Kroger, Digital Locations: China, Delaware, New York, London
The lawyers had earlier convinced the Delaware chancery court to revoke Musk's $56 billion pay package from 2018, with the judge ruling that Tesla's board of directors failed to prove it was fair to shareholders. The lawyers represent former heavy metal drummer Richard Tornetta, who filed the suit on behalf of his fellow Tesla investors. The lawyers are asking for just over 11% of the Tesla shares that would have gone to Musk, or slightly more than 29.4 million shares. Taking their pay in Tesla shares demonstrates they are prepared to "eat our cooking," the lawyers wrote. Musk's pay package was the largest ever disclosed in corporate America, according to Delaware Chancery Court Judge Kathaleen McCormick's 200-page ruling.
Persons: Elon Musk, BARTOSZ SIEDLIK, Elon, paydays, Richard Tornetta, Greg Varallo, Bernstein Litowitz Berger, Grossmann ., Tesla, Kathaleen McCormick's, Musk Organizations: European Jewish Association, Getty Images, Enron, Musk's, Tesla, Grossmann, Musk Locations: Krakow, AFP, Delaware, New York, America, Texas
Hospitals in recent years have shifted their use of online technology to support everything from telehealth to medical devices to patient records. Brett Callow, an analyst for the cybersecurity firm Emsisoft, counted 46 cyberattacks on hospitals last year, compared with 25 in 2022. The dramatic increase in these online raids has prompted the nation’s top health agency to develop new rules for hospitals to protect themselves from cyber threats. The attacks can put hospitals’ networks offline for weeks or months, forcing hospitals to turn away patients. In Chicago, Lurie hospital’s network has been offline for two weeks.
Persons: , John Riggi, Association’s, , ” Riggi, Ann, Robert H, Lurie, Brett Callow, Emsisoft, ” Callow, Callow, , Andrea Palm, Palm, Jason Castillo’s, Castillo, ” Castillo, it’s, Kathleen Foody Organizations: WASHINGTON, Midwestern children's, American, Lurie Children’s Hospital of Chicago, FBI, of Health, Human Services, Health, HHS, Associated Press Locations: Midwestern, Russia, North Korea, Iran, Chicago
Los Angeles CNN —After Ben Affleck appeared as a Dunkin’ drive-thru worker in a Super Bowl commercial last year, the breakfast chain’s sales exploded. “They sold more donuts the next day than any other day in their history,” an individual close to the Dunkin’ Super Bowl campaign told CNN. Affleck was paid close to $10 million dollars for last year’s Dunkin’ Super Bowl commercial, three sources with knowledge of the partnership told CNN. It’s rare for someone that you think of as a true movie star to be paid less than a million.”Most Super Bowl shoots are usually one to two days, the agent added. Even though we’ve got over 30 celebrities in the Super Bowl this year, we had over 70 offers.
Persons: Ben Affleck, Dunkin, , Affleck, ” Scott Murphy, Dunkin ’, Affleck’s Dunkin, Matt Damon, Larry David, Sam Bankman, David, Michael Lewis, Jennifer Aniston, , David Schwimmer, Uber, Chris Pratt, Pringles, Jason Momoa, Martin Scorsese, Tim Curtis, Peter DeLuca, Zach Braff, Donald Faison, John Travolta, Jennifer Beals, Tina Fey, John Cena, Usher, it’s, we’ve, Curtis, ” Curtis, “ You’ve, , Aniston, Schwimmer, Jelly Roll, David Beckham Organizations: Los Angeles CNN, Bowl, , CNN, Boston, Equity, Eastern Congo Initiative, Artists Equity, Super, Hollywood, WME, Mobile, Super Bowl, BMW, CBS Locations: Hollywood, Victoria
Read previewSnap's invite-only creator program was a buzzy topic of conversation last year in the influencer industry. The program, known as Snap Stars, gained initial popularity for its lucrative paydays based on its stories ad-revenue-sharing model. But these payouts aren't the only way Snap Stars can make money. For instance, online travel agency Priceline was among the first brands to work with Snapchat creators through the Snap Star Collab Studio program early last year. The Snap Star Collab Studio program is similar to TikTok's creator marketplace where brands can pitch creators directly.
Persons: , Priceline, influencer Mia Finney, she's, Finney, Chantel Jeffries, Jeffries, Katie Feeney, Katie Austin, Kohl's Organizations: Service, Business, UCLA, US Navy, L'Oreal, NYX, Penn State, Comcast, Kohl's Locations: Los Angeles, Austin
New York CNN —Beyoncé was crowned “queen of the box office” after her concert movie topped the box office in its opening weekend. “Renaissance: A Film by Beyoncé,” a documentary about the artist’s record-breaking world tour, raked in $21 million since its Friday opening, according to BoxOfficeMojo. “The Hunger Games: The Ballad of Songbirds and Snakes” placed second, grossing $14.5 million and “Godzilla Minus One” debuted with an $11 million opening. Notably, “Renaissance” became the first film in two decades to cross the $20 million benchmark for its opening weekend following Thanksgiving, a typically sluggish one. So far this year, domestic theaters have grossed $8.26 billion, about $740 million shy of the $9 billion plus expected for the full year.
Persons: New York CNN — Beyoncé, Beyoncé, , Tom Cruise’s “, Taylor Swift, Novembers, – CNN’s Leah Asmelash, Eva Rothenberg Organizations: New, New York CNN, AMC Theatres, AMC, SAG Locations: New York, Hollywood
“Renaissance: A Film by Beyoncé,” a documentary about the artist’s record-breaking world tour, will be released Friday, gracing fans with an early Christmas gift. A film poster for “Renaissance: A Film by Beyoncé" captures the Afro-futurist vibes of Beyoncé's tour. Kevin Mazur/WireImage for Parkwood/Getty ImagesDidn’t Taylor Swift also have a concert film this year? Taylor Swift attends the "Taylor Swift: The Eras Tour" movie world premiere at AMC The Grove 14 on October 11, 2023, in Los Angeles. (The Taylor Swift concert film has also played in Israel in recent weeks.)
Persons: Queen Bey, Beyoncé, , Blue Ivy, James B, Merryman, Mark Ritchie, Beyoncé’s, I’ve, Kevin Mazur, Didn’t Taylor Swift, “ Taylor Swift, Swift, , Taylor Swift, Matt Winkelmeyer, there’s, they’ll Organizations: CNN, Parkwood Entertainment, Tottenham Hotspur, Parkwood, AMC, AMC Theatres, Chrome, , Israel Locations: London, Los Angeles, Europe, North America, Hollywood, Israel, Gaza
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