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Young women just beginning careers in sports journalism asked one another in group chats if the kind of practice Ms. Thompson was describing was OK. Veteran journalists who have held prominent sideline reporting roles said they carefully crafted statements to post on social media, their impulse to defend their profession overriding their reluctance to criticize another woman. It is a role that centers on establishing trust with both the teams and leagues being covered and with the viewing audience. It is dismissed by some viewers, who say the questions asked of players and coaches are often banal, leading to generic answers. And for female sideline reporters, that disrespect can often be coupled with the sexist trope that the most important thing they can do on air is look good.
Persons: Charissa Thompson, Young, Thompson, Andrea Kremer Locations: N.F.L
NEW YORK (AP) — ESPN Bet, a rebranded sports-gambling app owned by Penn Entertainment, is set to launch Tuesday. Under the agreement, Penn will operate ESPN Bet while ESPN promotes the app across its online and broadcast platforms. It's unclear when ESPN Bet will officially be available to download. In addition to the $1.5 billion licensing deal, Penn also said it would grant ESPN rights worth about $500 million to purchase shares in Penn. The upcoming launch of ESPN Bet could take Walt Disney Co.-owned ESPN into uncharted waters.
Persons: Penn, Dave Portnoy Organizations: ESPN Bet, Penn Entertainment, ESPN, Penn, Sports, Walt Disney Co Locations: — Arizona, Colorado , Illinois , Indiana , Iowa , Kansas , Kentucky, Louisiana , Maryland , Massachusetts, Michigan , New Jersey , Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Penn
Ellen Hyslop cofounded in 2017 The Gist, a sports media company geared toward female fans. Three years later, Haley Rosen founded Just Women's Sports, making Instagram content about, well, just women's sports. In the male-dominated sports media industry, these female founders have built sustainable and successful businesses around women in sports. In 2022, women's sports received 15% of all sports media coverage, a study by Wasserman's The Collective found. "Every single person at Just Women's Sports adds so much value and is so influential and impactful in the company," Rosen said.
Persons: Ellen Hyslop, Gist, Haley Rosen, They're, Rosen, Billie Jean King, Hyslop, The Gist, That's, King, Kevin Durant, Allyson Felix, Abby Wambach, Sam Kerr, Kelley O'Hara, Elena Delle Donne, Haley, Michele Kang, Wasserman's, We're Organizations: Sports, Nike, Media, Comcast, Labs, King's Enterprises, Elysian Park Ventures, State, Brooklyn Nets, New York Liberty, Philadelphia 76ers, Washington
The sports media company Overtime boasts that 83% of its audience is under 35 years old. The media company will also get the rights to use official NFL logos and intellectual property in its content. Chief content officer Marc Kohn credits the brand's growth with Gen Z audiences to Overtime's creator network. The company expanded into live and long-form storytelling recently with its coverage of its basketball league, Overtime Elite, which streams on Prime Video. Kohn said his team has taken what Gen Z fans like on TikTok and Instagram and applied that to the broadcasts.
Persons: Marc Kohn, Kohn, who's, Blake Stuchin, Stuchin, it's Organizations: ESPN, NFL, Pro Bowl, men's, OT7, YouTube, Nickelodeon, NBA
The death of downtowns
  + stars: | 2023-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the number of empty storefronts overwhelming downtowns isn't just a product of the post-pandemic world. When it comes to local downtowns, not all small businesses are created equally. A homebuilder executive breaks down the do's and don'ts that've helped her clients lower rates from 8% to 4.875%.
Persons: , that's, Tyler, Insider's Adam Rogers, it's, Adam, Justin Sullivan, It's, Lucas Jackson, Elon Musk, Joel Saget, Sheldon Cooper, Getty Images Elon, X, Daniel Rizea, Haley Rosen, Marie Donoghue, Rosalyn Durant, don'ts that've, Heidi Klum's, Jayne Withers, Zers, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Getty Images, Apple, Google, ESPN, NFL, NBA, Walmart, Workers, Fed, Pfizer, Samsung Locations: National, New York, AFP, New York City, San Diego, London
Robyn PearsonHyslop and two friends from college cofounded The Gist in 2017, and she continues to serve as head of content. While it's geared toward female fans, The Gist's content equally covers both men's and women's sports, inspired by the initial mission of its founders to include everyone in conversations about sports. "And I think that we're proving that you can do something different and still do it really, really well." Guides to specific sports break down the rules and document how women have shaped the game. The Gist's TikTok and Instagram platforms both have about 170,000 followers, with an additional almost 45,000 for Canadian sports news .
Persons: Ellen Hyslop, Robyn Pearson Hyslop, Gist, Hyslop Locations: Toronto, Canada
But the action that will have longer-term ramifications for the league, and the media and entertainment landscape, is happening off the court. The companies holding the rights to show N.B.A. Discovery, the parent company of TNT — are collectively paying the league $24 billion over nine years for that privilege. Interest rates are high, Wall Street is demanding profitability over growth, and streaming has reconfigured the entertainment industry. The result of the N.B.A.’s negotiations will say a lot about the future of broadcast networks, the cable bundle, streaming services and the sports media ambitions of technology companies.
Persons: LeBron James, Nikola Jokic Organizations: Basketball, Disney, ESPN, ABC, Warner Bros, TNT
“Hard Knocks” is a docuseries that focuses on a single NFL team as it prepares for the upcoming NFL season. F1 is already a dangerous and exciting sport on its own, but “Drive to Survive” transforms it into a soap opera. By the end, hopefully, they’re consuming the product; in this case, actually watching the live sport. But his strength on the field isn’t why Travis Kelce is a household name. In last season’s Super Bowl, Travis Kelce went head-to-head against brother Jason Kelce, when the Chiefs faced the Philadelphia Eagles.
Persons: “ I’ve, it’s, Michael Jordan, Travis Vogan, Vogan, ” Vogan, Aaron Rodgers, isn’t, It’s, They’re, , , Lewis Hamilton, Tom Brady’s, Sergio Perez’s, James Gay, Rees, “ It’s, ” Gay, weren’t, ” Haas, Mick Schumacher, Patrick T, Fallon, Cody Havard, Woods, Williams, Lance Armstrong, they’ve, “ They’re, they’re, Travis Kelce, Kelce, Jason Kelce, Travis, Taylor Swift, Swifties, Swift, David Eulitt, , ’ ” Havard, There’s, Muhammad Ali, Mike Tyson, Jake Paul, Rory McIlroy, Rob McElhenney, Ryan Reynolds, ” Havard, Havard, Patrick McElhenney, Ted Lasso ”, Hannah Waddingham, “ Ted Lasso, — she’s, Marshawn Lynch Organizations: CNN, Sports, Studios, Chicago Bulls, Covid, NFL, HBO, Warner Bros ., NFL Films, University of Iowa, New York Jets, Netflix, Films, PGA Tour, de, Formula One United, Prix, Getty, University of Memphis, Kansas City Chiefs, Chiefs, Philadelphia Eagles, Chicago Bears, Wrexham AFC, Welsh soccer, Los Angeles Lakers, AFC Richmond, Manchester City, West Ham United, English Premier League, Fox Locations: Europe, China, Brazil, Mexico, Austin , Texas, , Formula One United States, Wrexham, Welsh, United States,
The Arizona Coyotes are skating to a new TV home for local games – showcasing the pressure on cable TV bundles due to cord cutting while broadcast stations look to nab more sports media rights. Scripps Co. on Thursday that will see its local games air on over-the-air networks. The Coyotes' local games aired on Bally Sports Arizona. MLB began running the distribution of the Diamondbacks, as well as the San Diego Padres, another contract rejected by Diamond, earlier this year. The landscape for local games has dramatically shifted as consumers flee the traditional cable TV bundle and opt for streaming services.
Persons: Barrett Hayton, Diamond, Phoenix Mercury –, Gray, Scripps, Knights – Organizations: Arizona Coyotes, Dallas Stars, American Airlines Center, The Arizona Coyotes, nab, NHL, Scripps Co, Diamond Sports Group, Coyotes, Scripps, Bally Sports Arizona, Arizona Diamondbacks, Phoenix Suns, Phoenix Mercury, Diamond, Suns, Mercury, Gray Television, MLB, Diamondbacks, San Diego Padres, CNBC, Vegas, Knights, Stanley, Warner Bros, Warner Media, MLB's Houston Astros, NBA's Houston Rockets, T SportsNet, City Home Network Locations: Dallas , Texas
Apple is interested in the exclusive global rights for Formula 1 races, Business F1 reported. The iPhone maker could offer up to $2 billion a year for the rights, per the report. AdvertisementAdvertisementApple is reportedly considering making a bid of up to $2 billion a year for the rights to show Formula 1 races, according to a report by Business F1. Formula 1 Group declined to comment to Business F1 and didn't immediately respond to a request for comment from Insider. CHANDAN KHANNA/Getty ImagesAn MLS Season Pass costs $14.99 a month or $29 a season, while Apple TV+ subscribers pay $12.99 a month or $25 a season.
Persons: , Tim Cook, JIM WATSON, Lionel Messi, CHANDAN KHANNA, Apple wouldn't Organizations: Apple, Business, Major League Soccer, Service, Prix, Liberty Media, Sirius XM, MLS, Inter Miami, Wall Street, ESPN, ABC, Forbes, Sky, Revenue, Parks Associates, Amazon, Football, Sports Media Watch Locations: Austin , Texas
CNN —Taylor Swift broke sports media when she showed up to the Kansas City Chiefs game on Sunday, seated next to tight end Travis Kelce’s mother, Donna. The outing capped a frenzied period of speculation in which the rumor mill had been working overtime to speculate whether Swift and Kelce were, in fact, an item. Swift has been incredibly vocal about how much she dislikes when people speculate about her dating life. “I feel like watching my dating life has become a bit of a national pastime,” she told Rolling Stone in 2014. “Taylor is very focused on work right now and hanging out with her girlfriends,” a source told People magazine.
Persons: Frankie de la, , Mary, CNN — Taylor Swift, Travis Kelce’s, Donna, Swift, Delia M, Harrington, Kelce, Jason, Sophie Turner, “ Travis Kelce ”, Pat McAfee, “ I’ve, , Stone, I’ve, , they’re, ” Swift, Stephen A, Smith, ” Kelce, Colin Cowherd, “ Travis Kelce, — MEL, “ Taylor, “ Travis Organizations: National Women’s Football League, , The New York Times, Sports, CNN, Kansas City Chiefs, NFL, Philadelphia Eagles, MTV, ESPN, Chiefs, , Swift’s PR Locations: Arrowhead
"Every day there's a new article or a story or disruption taking place," Andrew Howard, a partner at Shamrock Capital, told Insider this summer about the firm's media strategies. Shamrock, which is based in California, pursues strategies in the private markets, mainly through equity or debt-based investments. Founded as a family office in the late 1970s for members of the Disney family, the firm has blossomed into an institutional investor exclusively focused on media, entertainment, and communications. Howard likened the speed of today's transformations to the dot-com arms race that defined the Internet landscape two decades ago. "We're coaching kids whose parents are running major studios and companies within media and entertainment," Howard said.
Persons: Andrew Howard, Shamrock, Howard, we're, effectuate Organizations: Shamrock Capital, Disney Locations: California, Los Angeles
Entelis, Moseley, Sherling and Leavy all plan to stay at CNN as Thompson takes over as CEO, according to people familiar with the matter. Programming CNN MaxBefore joining The New York Times, Thompson was director-general — a combination of chief executive and editor-in-chief — of the British Broadcasting Corporation. He'll have a chance to develop new shows at CNN Max, a tab in Warner Bros. With CNN Max, Thompson will try to program for a younger audience. Thompson will have some runway to invest in CNN Max.
Persons: Brandon Bell, Mark Thompson, Thompson, Donald Trump, Entelis, CNN hasn't, Licht, Jeff Zucker, Andrew Morse, CNN Max, CNN's, , Zucker, Jason Kilar, Max, JB Perrette, Gabelli's Kevin Dreyer Organizations: CNN, Getty, Licht, Warner Bros . Discovery, Republican, The New York Times, Times, New York Times, CNN.com, Athletic, British Broadcasting Corporation, Warner Bros, U.S, Variety, Disney Locations: Atlanta , Georgia, Thompson's, Moseley, Sherling
NEW YORK (AP) — Iowa basketball star Caitlin Clark won the 93rd AAU James E. Sullivan Award on Tuesday night as the nation's top collegiate or Olympic athlete. Voting by the public as well as the AAU Sullivan Award committee, AAU board of directors, sports media and past winners determined the winner. “It is an honor to be selected for this prestigious award that elects a student-athlete that excels on the court and off. It is special to represent the University of Iowa on this stage.”Clark was the consensus national player of the year in women’s basketball. Clark is the eighth basketball player to win the award.
Persons: Caitlin Clark, AAU James, Clark, ” Clark, Dylan Crews, Jordan Chiles, Jordan Crooks, Kate Douglass, Zach Edey Organizations: AAU, AAU James E, Sullivan, New York Athletic Club, University of Iowa, Hawkeyes, LSU, Washington Nationals, Purdue, AP, womens Locations: Iowa, Jordan Chiles , Tennessee
National Basketball Association superstar Kevin Durant and business partner Rich Kleiman on Tuesday announced the launch of a new advisory firm under the duo's Boardroom media company. The firm, Boardroom Advisory, will operate on a yearly fee structure and work with athletes as well as executives and brands on creating business and sports ownership opportunities, content and more, the company said in a press release. "Boardroom Advisory is a natural extension of the brand, and is a way for us to bring our resources to other athletes." The firm doesn't intend to compete with agencies and will work in tandem with athletes' preexisting representatives, a spokesperson for Boardroom said. Durant is among a slew of superstar athletes to branch out in the sports media and entertainment world.
Persons: Kevin Durant, Rich Kleiman, Durant, Lebron James, Cristiano Ronaldo, Kleiman, Lorenzo McCloud, James Harden Organizations: Mobile, National Basketball Association, Tuesday, NBA, SpringHill, Soccer, Nike, ESPN, Golden State Warriors, Oklahoma City Thunder, Brooklyn Nets, Phoenix Suns, Philadelphia 76ers, CNBC Locations: Puerto Rico, U.S, Las Vegas, Durant
The changing landscape of how Americans watch sports is developing in a way that could benefit gambling stocks, according to Wells Fargo. Wells Fargo analyst Daniel Politzer said the initial results showed the technology passed the test for bettors who want to gamble in between plays. "During week 1 of the NFL season, Caesars Sportsbook app had a livestream of NFL SNF. Latency was better than live TV (20-30 seconds), an incremental development in the OSB/media ecosystem that could potentially increase in-game betting," Politzer said. Increased in-game betting could lead to a higher hold for sportsbooks, Politzer said, which is effectively the margin that books make on all bets.
Persons: Wells, Daniel Politzer, Politzer, Flutters, — CNBC's Michael Bloom Organizations: NFL, Caesars, Caesars Entertainment, sportsbooks, CNBC, NBC Locations: Wells Fargo
Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.
Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, , who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America
The offers speak to the unusual nature of the business dispute between Disney and Charter Communications, and doesn't auger a quick resolution. Charter is telling its Spectrum TV customers about a special deal being offered by the Fubo live television streaming service to get two months at discounts of 25% or 30%, depending on the plan. Political Cartoons View All 1145 ImagesDisney, meanwhile, is also offering upset Spectrum customers online links to sign up for other services, like Hulu, Fubo, Sling and YouTubeTV. The business battle resulted in ESPN, ABC, FX, National Geographic and Disney-branded stations going abruptly dark on Thursday night for Charter’s Spectrum TV subscribers. “Could this end up being a watershed event for the linear TV business that also blows up the entire sports media ecosystem?"
Persons: , Phillip Swann, Disney, Rich Greenfield, Greenfield Organizations: ESPN, The Walt Disney Co, Disney, Charter Communications, ABC, Geographic, Charter’s Spectrum, Lightshed Partners Locations: Hulu, New York, Chicago, Los Angeles
Ted Cruz saw a photo someone jokingly shared of a shark swimming on a flooded highway in LA. "Holy crap," the Texas senator tweeted about the fake photo. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. And Monday morning, he quote-tweeted an obviously fake photo of a shark swimming on a flooded highway that a Twitter user said was in Los Angeles, which is being hit by its first tropical storm in over 80 years. "Holy crap," Cruz wrote about the photo, which was jokingly shared by Dan Katz of the newly-independent sports media company Barstool Sports.
Persons: Ted Cruz, Cruz, Dan Katz, he'd, I'm, Hurricane Irene, , Cruz didn't Organizations: Service, Barstool Sports, Hurricane, Puerto Rico, TCU Locations: LA, Texas, Wall, Silicon, Ted Cruz of Texas, Cancun, Los Angeles, Puerto
Insider is highlighting the top women executives in sports media and we want to hear from you. Please submit your nominations using this form by September 8. It's been a long climb for women in sports media. Insider is putting together a list that will highlight the top women executives in sports media. Please submit nominations, including names and recent examples of their work, using this form (or below) by September 8.
Persons: It's, Anita Martini, Rhonda Glenn Organizations: Morning, MLB, Associated Press
Disney's future, a hot topic among Hollywood elite
  + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +5 min
[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney and ESPN are best positioned to figure out new sports media model: Fmr. ESPN CEO BornsteinSteve Bornstein, Former ESPN CEO and Raine Group Senior Advisor, joins 'Closing Bell Overtime' to talk Disney earnings, ESPN's move into sports betting and more.
Persons: Steve Bornstein, ESPN's Organizations: Disney, ESPN, Group
Budrul Chukrut | Lightrocket | Getty ImagesOne of the leading sports gambling stocks fell sharply on Wednesday after media giant ESPN took a large step into the online betting world. Shares of DraftKings sank 10.9% after Penn Entertainment announced that it had signed a 10-year deal with ESPN. Stock Chart Icon Stock chart icon Shares of DraftKings was under pressure after ESPN and Penn National Gaming announced a partnership. ESPN, which is part of Disney , had previously been reluctant to fully embrace the highly competitive online gambling industry. As part of the deal, Penn will pay ESPN $2 billion in cash and stock warrants over 10 years to license the brand.
Persons: Barstool —, Bob Iger Organizations: Lightrocket, ESPN, DraftKings, Penn Entertainment, Penn, ESPN Bet, Penn National Gaming, Disney, CNBC
Discovery has targeted the beginning of the Major League Baseball playoffs to debut a sports tier for its Max streaming service, according to people familiar with the matter. The company plans to simulcast games from the MLB, National Basketball Association, National Hockey League and National Collegiate Athletics Association, including college basketball's March Madness, on Max. It also intends to add content from its sports media outlet Bleacher Report, such as highlights and interviews. Discovery plans to brand the new tier using the Bleacher Report name, the people said. No MLB games would appear exclusively on Max.
Persons: Julio Rodríguez, David Zaslav, JB Perrette, Max Organizations: Seattle Mariners, American League, Warner Bros, Discovery, Major League Baseball, Max, MLB, National Basketball Association, National Hockey League, National Collegiate Athletics Association, Time Warner, Warner Bros ., Warner Bros . Discovery, TBS Locations: Max
But the future of the Games was thrown into doubt on Thursday when the province of Alberta withdrew its support for a bid, dealing another blow to the embattled Commonwealth Games Federation (CGF). Victoria withdrew due to projected cost overruns, with Commonwealth Sport Canada saying it believed the Australian state's decision had prompted Alberta's pullout. The expense to host a Commonwealth Games in any country is significant," Cary Kaplan, president of Canadian marketing firm Cosmos Sports & Entertainment, told Reuters. MARKET DISPARITYDespite the disparity, Payne said the Commonwealth Games could not be written off. "That will in turn erode the relevance of the Games unless the Commonwealth Games steps up its marketing and branding efforts in the years ahead.
Persons: Matthew Klugman, Victoria, Alberta's pullout, Cary Kaplan, Klugman, Michael Payne, Payne, Kaplan, Queen Elizabeth, Rich, Karolos Grohmann, Aadi Nair, Ed Osmond Organizations: Commonwealth, Commonwealth Games Federation, Victoria, Games, Reuters, Commonwealth Sport Canada, Commonwealth Games, Cosmos Sports & Entertainment, European, Birmingham Commonwealth Games, Paris Olympics, Olympic Committee, Olympic, Birmingham, Thomson Locations: Canada, Alberta, Hamilton , Ontario, COVID, Australia, Great Britain, Britain
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