Disney’s ESPN, the largest sports network globally, is facing a pivotal moment in its history. For decades, ESPN relied on cable subscription fees for revenue growth, but the landscape is shifting. The steady increase in cable cord-cutting since 2013 has raised concerns about ESPN’s future viability in an increasingly fragmented media environment. With an erosion
Business
The sports memorabilia market is experiencing a surge in demand, with Sotheby’s taking advantage of this trend by expanding its sports offerings. The auction house recently announced its first “Sports Week,” featuring a series of live and online auctions with items from some of the biggest names in sports. This move is aimed at attracting
Artificial intelligence is rapidly advancing and making its way into various industries, including architecture. One of the companies leading the charge is ICON, known for developing one of the first fully 3D-printed housing developments in the U.S. ICON has recently introduced Vitruvius, an AI program designed to assist consumers in custom home design online. This
The latest data from the National Association of Home Builders/Wells Fargo Housing Market Index indicates that U.S. homebuilders are experiencing a surge in confidence levels. The sentiment among homebuilders rose by 3 points in March to reach 51, marking the fourth consecutive month of growth. This upswing in confidence is significant as it brings the
Dick’s Sporting Goods recently announced a 10% increase in its dividend following its largest sales quarter in history. The company saw a significant boost in its shares, with shares jumping over 15% during intraday trading. This growth can be attributed to the company’s strategy of focusing on bigger tickets, whether through higher prices or more
Petco announced on Wednesday that its CEO, Ron Coughlin, is stepping down from his position. The company stated that board member and Best Buy executive R. Michael Mohan will take over as the interim chief executive while the search for a permanent replacement is underway. Coughlin will remain as an advisor to the board to
Despite a 7% decline in global toy industry sales, the Denmark-based Lego company managed to grow its sales by 2% last year, reaching a revenue of 65.9 billion Danish krone, approximately $9.65 billion. This achievement is particularly impressive given the challenging circumstances of the pandemic era, where consumers were cutting back on discretionary spending due
Jessica Berman’s journey from a determined teenager with a clear vision to becoming the commissioner of the National Women’s Soccer League in 2022 is nothing short of remarkable. Her relentless pursuit of leadership in professional sports has not only fulfilled her dream but has also paved the way for a new generation of women in
The number of family offices in the world has significantly increased in recent years, with a report from Preqin indicating that the number of family offices surpassed 4,500 globally in the previous year. The majority of these family offices are located in North America, with over 1,600 operating in the region. This growth can be
Robinhood, the popular financial services company, has recently announced a strategic partnership with Klutch Sport Group, which is headed by Rich Paul, LeBron James’ agent. This partnership aims to expand Robinhood’s reach into the sports, entertainment, and media industries. As part of the deal, Rich Paul will join Robinhood’s board as a strategic advisor, working