SpringHill, the media company co-founded by NBA star LeBron James, reported a $28 million loss for 2023 on $104 million in revenue, according to a Bloomberg report. The company, which reported a $17 million loss in 2022 and has yet to turn a profit, continued to face challenges in 2024, along with the rest of the industry. However, it recently announced a new merger, and with it, hopes of profitability. Challenges in a Changing Market SpringHill’s struggles mirror those of other production companies founded during the streaming boom. As platforms
Two entertainment powerhouses, SpringHill Company and Fulwell 73, have announced a merger, combining their expertise in film, television, documentaries, live events, and branded content. This union aims to position the newly formed company as a formidable player in the global entertainment industry. A Merger of Equals SpringHill, co-founded by LeBron James and Maverick Carter, is known for producing projects such as the HBO series The Shop, Netflix’s Hustle, and the upcoming docuseries On the Rise: JuJu Watkins. Fulwell 73 was established nearly two decades ago by Ben Winston, Leo Pearlman,
Robinhood, the renowned trading and investing platform, has partnered with Rich Paul, the founder of KLUTCH Sports Group and LeBron James’ agent. Robinhood ventures into sports and entertainment Robinhood is a stock brokerage that allows customers to buy and sell stocks, options, ETFs, and cryptocurrencies with zero commission. Announced on Thursday, this collaboration marks Robinhood’s ambitious venture into the realms of sports, entertainment, and media. The fintech firm prides itself on introducing a diverse range of first-time investors to the market, aligning with Paul’s impactful history in sports management. Meet
Black-owned StatusPRO has reached a historic milestone with a $20 million Series A funding round from Google Ventures (GV), making it one of the largest Series A of any VR gaming company. StatusPRO StatusPRO was founded by Andrew “Hawk” Hawkins and Troy Jones, who each had a unique journey that propelled them into the tech space as Black co-founders of a budding startup. Leaning on their experiences as former athletes, the duo wanted to help others better understand what it takes to compete at the highest levels from an athlete’s first point of view. Their vision manifested
LeBron James teams up with Nike for new basketball Roblox experience – the NBA star is headed to NIKELAND on Roblox “to co-create and imagine a new future of basketball together with its community.” A series of new mini-games will let fans learn the tricks that the basketball superstar nicknamed The King, uses in real life to leave his opponents dumbfounded on the court. James will also teach the hoop and its fundamentals to the fans. These lessons are designed to help players improve their basketball game in real life. Once fans
Exclusive NFTs Of Kobe Bryant, LeBron James, Shaquille O’Neal ‘Before They Were Pros’ Set To Go Live
NBA fans will soon have the opportunity to gain exclusive content on athletes Kobe Bryant, LeBron James, and Shaquille O’Neal before they became household names. Binance NFT Marketplace is set to launch the “Before They Were Pros” NFT series, which will feature “a unique time capsule video and represent a flashback of these fantastic athletes during their high school days,” according to a press release. The launch is a part of a distinguished collection produced by Total Digital Group with licensing from MediaMineLLC set to debut on Sept. 28, 2021. It
