WeWork sells Teem and its stake in The Wing as it continues to divest non-core businesses

WeWork has sold its business management software company Teem and its minority stake in co-working start-up The Wing, the company announced Wednesday. Artie Minson, co-CEO of WeWork, said in a press release that the sales are part of the company’s effort to focus on the core co-working business. WeWork detailed this strategy last November in a “90-day game plan” that said WeWork would divest all of its non-core businesses in an effort to turn around the troubled co-working company. WeWork said i


WeWork has sold its business management software company Teem and its minority stake in co-working start-up The Wing, the company announced Wednesday.
Artie Minson, co-CEO of WeWork, said in a press release that the sales are part of the company’s effort to focus on the core co-working business.
WeWork detailed this strategy last November in a “90-day game plan” that said WeWork would divest all of its non-core businesses in an effort to turn around the troubled co-working company.
WeWork said i
WeWork sells Teem and its stake in The Wing as it continues to divest non-core businesses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: annie palmer
Keywords: news, cnbc, companies, wing, minson, press, continues, coworking, sells, company, wework, plan, businesses, teem, startup, release, noncore, sold, divest, stake


WeWork sells Teem and its stake in The Wing as it continues to divest non-core businesses

Signage is seen at the entrance of the WeWork offices on Broad Street in New York.

WeWork has sold its business management software company Teem and its minority stake in co-working start-up The Wing, the company announced Wednesday.

Artie Minson, co-CEO of WeWork, said in a press release that the sales are part of the company’s effort to focus on the core co-working business. WeWork detailed this strategy last November in a “90-day game plan” that said WeWork would divest all of its non-core businesses in an effort to turn around the troubled co-working company.

“Last quarter, we articulated a long-term plan for disciplined growth and a clear path to profitability, and we continue to execute on this plan each day,” Minson said in a statement. “These sales mark the latest progress in WeWork’s evolution and allow our talented team to focus on the core business and delivering an exceptional experience for our members.”

Teem was acquired by iOFFICE, a workplace experience company. WeWork acquired Teem in September of 2018.

WeWork said it sold its minority stake in The Wing to a consortium of new and existing investors in the co-working start-up. Among the investors in the consortium are Alphabet’s venture arm, GV, as well as venture firms Sequoia Capital and New Enterprise Associates, The Wing said in a press release. Actress Mindy Kaling also participated in the funding round.

Terms of the deal weren’t disclosed, and WeWork declined to comment beyond its press release. Representatives from Alphabet and The Wing were not immediately available for comment.

WeWork has gradually sold off a number of its businesses in recent months, including marketing company Conductor in December. The company has also “wound down” Spacious, a restaurant co-working startup it acquired in August of 2019, and will shutter early education school WeGrow at the end of the 2020 school year.

Sales of other non-core businesses, including event organizing platform Meetup and office management company Managed by Q, are in the process, the company said.

The moves follow additional efforts by Minson and fellow WeWork co-CEO Sebastian Gunningham to trim the fat at the company. Since Adam Neumann exited the company last September, the company also laid off 2,400 employees last November.

WeWork has been working to find a clear path to profitability since the company pulled its IPO filing last September, after investors balked at its mounting losses and unusual corporate governance structure. WeWork was poised to run out of cash, but secured an eleventh-hour bailout deal from SoftBank.

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Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: annie palmer
Keywords: news, cnbc, companies, wing, minson, press, continues, coworking, sells, company, wework, plan, businesses, teem, startup, release, noncore, sold, divest, stake


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Mark Cuban says he’s still ‘very bullish’ on Netflix and hasn’t sold a share

“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss. “I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.” “They always offer weak guidance and it’s always been the discussion the day after earnings. When you go to the gym, every smart workout device has Netflix as an option,” Cuban said. Disclosure: CNBC owns the exclusive off-network cable rights


“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss.
“I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.”
“They always offer weak guidance and it’s always been the discussion the day after earnings.
When you go to the gym, every smart workout device has Netflix as an option,” Cuban said.
Disclosure: CNBC owns the exclusive off-network cable rights
Mark Cuban says he’s still ‘very bullish’ on Netflix and hasn’t sold a share Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: yun li
Keywords: news, cnbc, companies, bullish, share, tank, weak, guidance, hes, cuban, mark, sold, subscriber, shark, cash, smart, netflix, ubiquitous


Mark Cuban says he's still 'very bullish' on Netflix and hasn't sold a share

“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss.

“I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.” “They always offer weak guidance and it’s always been the discussion the day after earnings. … All the trends are going in their favor, more so than their competitors.”

Netflix reported fourth-quarter results on Tuesday after the bell. The company beat on the top and bottom line, but gave disappointing guidance and posted a miss on domestic subscriber growth. Shares of Netflix were down 3.6% Wednesday.

Cuban remains positive that Netflix will accelerate its growth globally as it continues to penetrate markets overseas.

“Every single new smart TV that has come out has Netflix as an option. When you go to the gym, every smart workout device has Netflix as an option,” Cuban said. “It’s ubiquitous not just here, but it’s becoming more ubiquitous globally as well … I don’t see the competition negatively impacting that at all.”

The company posted negative free cash flow of $1.7 billion for the fourth quarter. It reiterated that its cash burn peaked in 2019 and said it’s now moving slowly toward being free cash flow positive in the future.

“Streaming media, entertainment and content is a global story now,” Cuban said.

Shares of Netflix gained 20% in 2019, trailing the broad market. However, the streaming giant has had an epic run over the past 10 years, delivering a more than 4,000% return as the best performer of the last decade.

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank,” which features Mark Cuban as a panelist.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: yun li
Keywords: news, cnbc, companies, bullish, share, tank, weak, guidance, hes, cuban, mark, sold, subscriber, shark, cash, smart, netflix, ubiquitous


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Uber just sold its food delivery business in India to local rival Zomato

Ride-hailing giant Uber said Tuesday it sold its food delivery business in India to its competitor Zomato in an all-stock transaction. The sale gives Uber a 9.99% stake in the Indian restaurant aggregator and food delivery start-up. Uber Eats is set to discontinue operations starting Tuesday, and it will direct restaurants, delivery partners and users to the Zomato app. Uber will continue competing in the Indian ride-hailing market against start-up Ola. Previously, Uber ceded ground in China and


Ride-hailing giant Uber said Tuesday it sold its food delivery business in India to its competitor Zomato in an all-stock transaction.
The sale gives Uber a 9.99% stake in the Indian restaurant aggregator and food delivery start-up.
Uber Eats is set to discontinue operations starting Tuesday, and it will direct restaurants, delivery partners and users to the Zomato app.
Uber will continue competing in the Indian ride-hailing market against start-up Ola.
Previously, Uber ceded ground in China and
Uber just sold its food delivery business in India to local rival Zomato Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, rival, business, food, stake, market, local, valuation, ridehailing, zomato, uber, sold, million, india, delivery


Uber just sold its food delivery business in India to local rival Zomato

Ride-hailing giant Uber said Tuesday it sold its food delivery business in India to its competitor Zomato in an all-stock transaction.

The sale gives Uber a 9.99% stake in the Indian restaurant aggregator and food delivery start-up.

Zomato is backed by Alibaba affiliate Ant Financial, which recently agreed to invest up to $150 million at a pre-money valuation of $3 billion, according to official filings from Zomato-shareholder Info Edge.

Based on that valuation, Uber’s stake in Zomato would be worth around $300 million. Uber declined to comment on the deal’s value.

Uber Eats is set to discontinue operations starting Tuesday, and it will direct restaurants, delivery partners and users to the Zomato app.

“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” CEO Dara Khosrowshahi said in a statement.

The tech giant is under pressure from investors to turn its business around. Last year, the company reported a $5.2 billion loss in its second-quarter earnings and laid off hundreds of employees in 2019.

Uber will continue competing in the Indian ride-hailing market against start-up Ola. Previously, Uber ceded ground in China and Southeast Asia to local players Didi Chuxing and Grab, respectively and exited its Eats business in South Korea.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, rival, business, food, stake, market, local, valuation, ridehailing, zomato, uber, sold, million, india, delivery


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Royal coin ‘hidden for decades’ sells for $1.3 million to mystery collector

A rare British coin featuring the profile of abdicated King Edward VIII has sold for a record £1 million ($1.3 million). The 22-carat gold coin, described as “one of the most coveted in the world” by the U.K.’s Royal Mint, is one of two to be privately held. According to the Royal Mint, which oversaw the transaction, the coin — officially titled the Edward VIII Sovereign — was previously owned by a collector in the United States. The coin was sold to its previous owner for £516,000 in 2014, afte


A rare British coin featuring the profile of abdicated King Edward VIII has sold for a record £1 million ($1.3 million).
The 22-carat gold coin, described as “one of the most coveted in the world” by the U.K.’s Royal Mint, is one of two to be privately held.
According to the Royal Mint, which oversaw the transaction, the coin — officially titled the Edward VIII Sovereign — was previously owned by a collector in the United States.
The coin was sold to its previous owner for £516,000 in 2014, afte
Royal coin ‘hidden for decades’ sells for $1.3 million to mystery collector Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: chloe taylor
Keywords: news, cnbc, companies, viii, royal, sells, public, mystery, collector, sold, million, coin, sale, hidden, edward, throne, decades, mint, sovereign


Royal coin 'hidden for decades' sells for $1.3 million to mystery collector

A rare British coin featuring the profile of abdicated King Edward VIII has sold for a record £1 million ($1.3 million).

The coin was created following Edward VIII’s ascension to the throne in January 1936, but was never released to the public after he gave up the throne to marry American divorcee Wallis Simpson.

The 22-carat gold coin, described as “one of the most coveted in the world” by the U.K.’s Royal Mint, is one of two to be privately held. The remaining four in existence are held by museums or institutions.

According to the Royal Mint, which oversaw the transaction, the coin — officially titled the Edward VIII Sovereign — was previously owned by a collector in the United States.

It was returned to the U.K. for the sale, becoming the first British coin in history to command a price of £1 million.

The coin was sold to its previous owner for £516,000 in 2014, after being auctioned off in 1984 for £40,000. Its first recorded sale was in 1981, when it was sold privately for an undisclosed amount.

Matt Curtis of the Royal Mint Collector Services said in a press release Friday that he hoped the sale would “inspire others to look through their homes and see what treasures are hidden.”

“The Edward VIII Sovereign is part of numismatic legend, belonging to a series of coins that were never meant to exist and were hidden from the public for decades,” he said. “This Sovereign is significant not only because of its rarity, but because it sits at the heart of an international story.”


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: chloe taylor
Keywords: news, cnbc, companies, viii, royal, sells, public, mystery, collector, sold, million, coin, sale, hidden, edward, throne, decades, mint, sovereign


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What streaming video game services from Google mean for the Sony-Microsoft console wars

Talk of console wars has dominated video games for years. Sony sold 73 million PlayStation 4 consoles that same time period. But there’s a new player in the game: streaming video game platforms. The subscription-based services stream video games from high-end gaming machines through the cloud. Watch the video to learn more about how streaming services are trying to take on the likes of Microsoft and Sony.


Talk of console wars has dominated video games for years.
Sony sold 73 million PlayStation 4 consoles that same time period.
But there’s a new player in the game: streaming video game platforms.
The subscription-based services stream video games from high-end gaming machines through the cloud.
Watch the video to learn more about how streaming services are trying to take on the likes of Microsoft and Sony.
What streaming video game services from Google mean for the Sony-Microsoft console wars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: jordan smith
Keywords: news, cnbc, companies, google, wars, game, sony, mean, play, sonymicrosoft, sold, games, video, streaming, xbox, services, console


What streaming video game services from Google mean for the Sony-Microsoft console wars

Talk of console wars has dominated video games for years.

There are gamers who swear by the benefits of playing in front of a keyboard and mouse on a custom-built PC, while others prefer the convenience and ubiquity of consoles like the Xbox and Playstation.

Those console brands, in particular, have become powerhouses in the world of at-home gaming.

Microsoft sold 30 million units of the Xbox One console between its release in November 2013 and the end of 2017, according to IHS Markit. Sony sold 73 million PlayStation 4 consoles that same time period.

But there’s a new player in the game: streaming video game platforms. You could play from anywhere, on any device, any time. And you don’t need to worry about your hardware becoming obsolete.

Google’s Stadia, Microsoft’s Project xCloud, and Nvidia’s GeForce Now make it easy to play top-tier games without a console or PC. The subscription-based services stream video games from high-end gaming machines through the cloud.

But these services also have some major challenges to overcome before they can fully take on consoles.

Watch the video to learn more about how streaming services are trying to take on the likes of Microsoft and Sony.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: jordan smith
Keywords: news, cnbc, companies, google, wars, game, sony, mean, play, sonymicrosoft, sold, games, video, streaming, xbox, services, console


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Goldman Sachs dumped its entire stake in Uber late last year

Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped New York-based Goldman beat analysts’ expectations for revenue in the period. It couldn’t be immediately determined why the bank sold its stake. In the past, Goldman’s public and private holdings in companies from Uber to WeWork have caused volatility in quarterly resul


Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move.
The sale, which likely resulted in a large gain for the early investor in Uber, helped New York-based Goldman beat analysts’ expectations for revenue in the period.
It couldn’t be immediately determined why the bank sold its stake.
In the past, Goldman’s public and private holdings in companies from Uber to WeWork have caused volatility in quarterly resul
Goldman Sachs dumped its entire stake in Uber late last year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: wilfred frost hugh son, wilfred frost, hugh son
Keywords: news, cnbc, companies, goldman, segments, shares, stake, yorkbased, wework, sold, dumped, sale, volatility, sachs, uber, entire, late


Goldman Sachs dumped its entire stake in Uber late last year

Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move.

The sale, which likely resulted in a large gain for the early investor in Uber, helped New York-based Goldman beat analysts’ expectations for revenue in the period.

It couldn’t be immediately determined why the bank sold its stake. In the past, Goldman’s public and private holdings in companies from Uber to WeWork have caused volatility in quarterly results, and the firm recently changed its reporting segments to move those activities to its asset management division.

Goldman reportedly owned about 10 million shares of Uber late last year.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: wilfred frost hugh son, wilfred frost, hugh son
Keywords: news, cnbc, companies, goldman, segments, shares, stake, yorkbased, wework, sold, dumped, sale, volatility, sachs, uber, entire, late


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A day with LA’s top real estate agent

A day with LA’s top real estate agentAaron Kirman knows how to close a deal: He’s sold about $6 billion worth of real estate over his 25-year career, making him the No. 1 agent in Los Angeles and among the top in the country. He routinely sells multi-million dollar properties, including one estate for a whopping $65 million, and on his new CNBC show, “Listing Impossible,” he helps stubborn homeowners sell their luxury real estate.


A day with LA’s top real estate agentAaron Kirman knows how to close a deal: He’s sold about $6 billion worth of real estate over his 25-year career, making him the No.
1 agent in Los Angeles and among the top in the country.
He routinely sells multi-million dollar properties, including one estate for a whopping $65 million, and on his new CNBC show, “Listing Impossible,” he helps stubborn homeowners sell their luxury real estate.
A day with LA’s top real estate agent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15
Keywords: news, cnbc, companies, real, stubborn, sold, sells, day, worth, routinely, whopping, estate, las, sell, properties, agent


A day with LA's top real estate agent

A day with LA’s top real estate agent

Aaron Kirman knows how to close a deal: He’s sold about $6 billion worth of real estate over his 25-year career, making him the No. 1 agent in Los Angeles and among the top in the country. He routinely sells multi-million dollar properties, including one estate for a whopping $65 million, and on his new CNBC show, “Listing Impossible,” he helps stubborn homeowners sell their luxury real estate.


Company: cnbc, Activity: cnbc, Date: 2020-01-15
Keywords: news, cnbc, companies, real, stubborn, sold, sells, day, worth, routinely, whopping, estate, las, sell, properties, agent


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Billie Eilish started recording her debut album at 14 in her brother’s bedroom—now it’s the best-selling album of 2019

Rolling Stone just named Billie Eilish’s debut album “When We Fall Asleep, Where Do We Go?” 1 top-selling album of 2019, based on a combination of physical sales and digital consumption. These numbers account for digital and physical album sales, digital song sales and audio streams using a custom weighting system, according to Rolling Stone. Eilish recorded the album with her older brother Finneas in their family’s two-bedroom home in Highland Park, Los Angeles. “I was just making songs with my


Rolling Stone just named Billie Eilish’s debut album “When We Fall Asleep, Where Do We Go?”
1 top-selling album of 2019, based on a combination of physical sales and digital consumption.
These numbers account for digital and physical album sales, digital song sales and audio streams using a custom weighting system, according to Rolling Stone.
Eilish recorded the album with her older brother Finneas in their family’s two-bedroom home in Highland Park, Los Angeles.
“I was just making songs with my
Billie Eilish started recording her debut album at 14 in her brother’s bedroom—now it’s the best-selling album of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: jennifer liu
Keywords: news, cnbc, companies, brothers, sales, sold, bedroomnow, song, 2019, told, rolling, debut, album, artist, billie, eilish, bestselling, million, started, units, recording, singing


Billie Eilish started recording her debut album at 14 in her brother's bedroom—now it's the best-selling album of 2019

Rolling Stone just named Billie Eilish’s debut album “When We Fall Asleep, Where Do We Go?” as the No. 1 top-selling album of 2019, based on a combination of physical sales and digital consumption.

The 18-year-old closed the year with a reported 2.5 million total album-equivalents sold, putting her at 400,000 more units ahead of runners-up Ariana Grande’s “thank u, next” and Taylor Swift’s “Lover,” both of which sold roughly 2.1 million units in 2019.

These numbers account for digital and physical album sales, digital song sales and audio streams using a custom weighting system, according to Rolling Stone.

The last artist to see similar success with a debut album was 50 Cent (aka Curtis Jackson), who sold 6.5 million units of his album “Get Rich Or Die Tryin'” in 2003, according to data measurement firm Nielsen.

Eilish recorded the album with her older brother Finneas in their family’s two-bedroom home in Highland Park, Los Angeles.

The teen began singing as a child and, at the age of 13, became known for singing “Ocean Eyes,” which was written by her brother and recorded in his bedroom. They uploaded the song to SoundCloud for fun, and by early 2016, she had a record deal with Interscope Records.

“I was just making songs with my brother,” she told Elle regarding going from singing at home to recording a full-length album. “Now it’s like a thing: I’m this artist who’s going against the whatever-the-f***.” The entertainment industry often portrays Eilish as an anti-pop icon thanks to her tendency to buck popular style trends and wear baggy, street-inspired clothing, though she says this was never her intention. “I was just making what I wanted,” she adds of her genre-defying sound.

Eilish began recording “When We Fall Asleep, Where Do We Go?” in May 2016, when she was just 14 years old. The album was released in March of 2019 and includes the Billboard Hot 100 chart-topping single “bad guy.” She wrote the album alongside Finneas, and she says they often have sibling arguments over the creative process to this day.

“Somebody has to win — always,” she told host Sean Evans on the YouTube series “Hot Ones.”

Before her music career took off, Eilish says she grew up with limited means, was homeschooled by her former-actor parents, and worked part-time at a horse stable in exchange for lessons. She stopped after a few years, telling Rolling Stone she “couldn’t take being the poor girl around the stable.”

“I made a couple of friends,” she told the magazine. “But otherwise nobody was very nice. Horse people don’t like poor people.”

At the end of 2019, Billboard reported Eilish was paid $25 million for an Apple TV+ documentary that is expected to follow her experience recording and releasing her best-selling album.

The 18-year-old recently secured six Grammy nominations for the categories of Record of the Year, Album of the Year, Best New Artist, Song of the Year, Best Pop Solo Performance and Best Pop Vocal Album. She’s the youngest artist to earn nominations in all of the Grammy’s top four categories, according to the Los Angeles Times.

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Don’t miss: Dr. Dre earned $950 million in the past decade—here are the other 9 top-earning musicians of the 2010s


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: jennifer liu
Keywords: news, cnbc, companies, brothers, sales, sold, bedroomnow, song, 2019, told, rolling, debut, album, artist, billie, eilish, bestselling, million, started, units, recording, singing


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Neil Peart, considered one of the greatest rock drummers of all time, dies at 67

Neil Peart, the former drummer for the Canadian rock band Rush, died on January 7 of brain cancer. Peart joined Rush in 1974, and their lineup remained the same until their retirement 41 years later. These include 1981’s “Moving Pictures,” which sold 4 million copies; 1976’s “2112,” which sold 3 million copies; and the 1990 compilation “Chronicles,” which sold 2 million copies. Peart is considered one of the greatest rock drummers of all time. But even though this may be the end of the road for


Neil Peart, the former drummer for the Canadian rock band Rush, died on January 7 of brain cancer.
Peart joined Rush in 1974, and their lineup remained the same until their retirement 41 years later.
These include 1981’s “Moving Pictures,” which sold 4 million copies; 1976’s “2112,” which sold 3 million copies; and the 1990 compilation “Chronicles,” which sold 2 million copies.
Peart is considered one of the greatest rock drummers of all time.
But even though this may be the end of the road for
Neil Peart, considered one of the greatest rock drummers of all time, dies at 67 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: daniel bukszpan, in danielbukszpan
Keywords: news, cnbc, companies, bands, tour, drummer, popular, dies, rush, greatest, neil, sold, fans, rock, million, considered, group, peart, drummers


Neil Peart, considered one of the greatest rock drummers of all time, dies at 67

Neil Peart, the former drummer for the Canadian rock band Rush, died on January 7 of brain cancer. He was 67 years old.

Peart joined Rush in 1974, and their lineup remained the same until their retirement 41 years later. During that time, they sold 25 million albums in the U.S., according to the Recording Industry Association of America.

These include 1981’s “Moving Pictures,” which sold 4 million copies; 1976’s “2112,” which sold 3 million copies; and the 1990 compilation “Chronicles,” which sold 2 million copies. The group also has 11 other platinum albums to its credit, as well as 10 gold albums.

The band built its devoted following through relentless touring and was a consistently popular live attraction. Their “Snakes and Arrows” tour earned $18 million on its 2007 leg, and their farewell “R40” tour in 2015 was their most successful ever, with over 30 North American dates that earned approximately $1 million each.

“Their final tour together in 2015 grossed $1,134,603 per show,” said Eric Knight of Persistent Management. That year, the group was ranked at number 12 in Pollstar’s list of Top 20 Global Concert Tours of 2015.

While some bands with that level of success might have chosen to soldier on with a replacement drummer, that would be difficult in this case, if not impossible. Peart is considered one of the greatest rock drummers of all time. He was inducted into Modern Drummer magazine’s Hall of Fame in 1983, and in 2014, he was voted the Greatest Drummer of All Time by the readers of Consequence of Sound.

Additionally, Peart was the group’s lyricist, and he covered such topics as science fiction, politics, and the literary works of Ayn Rand. But perhaps the greatest testament to his talents is that every Rush concert featured an extended drum solo. While that would typically be the time when fans of other bands would duck out to the bathroom, his solo spots were so popular that they were included on all of the group’s live albums.

According to Eric Knight of Persistent Management, the group has also influenced many famous bands, right up to the present day.

“As far as influential, successful bands that they’ve influenced, I would say for sure the Foo Fighters, and of course Tool, which just had the number one album in Billboard last year with ‘Fear Inoculum,’ just to name a few,” he said. “There are countless others.”

Mara Kuge, president and founder of Superior Music Publishing, agreed that the surviving members of the group are highly unlikely to go on without him. But even though this may be the end of the road for Rush, fans shouldn’t expect them to disappear either.

“Their fans are in the right age bracket that they’re likely to want a box set or other commemoration,” she said. “They could also be a good topic for a biopic. Peart’s story has been very interesting, with a lot of sadness. There was a popular documentary made about them, and they were already featured in a Judd Apatow film, so this seems like a natural next step.”

Indeed, Peart suffered more than his fair share of tragedy. In 1997, his 19-year-old daughter Selena was killed in a car accident, followed less than a year later by his wife Jacqueline, who died of cancer. Happily, he married photographer Carrie Nuttall in 2000, and the two had a daughter together, Olivia, in 2009.

He retired in 2015 after the conclusion of the band’s R40 tour. He had been suffering from chronic tendonitis and shoulder problems that made it physically painful to perform, especially in the case of the demanding musicianship and marathon sets that Rush always gave its fans. But shortly after the tour’s conclusion, he said that he wasn’t sad about that part of his life ending, and that he was looking forward to being with his family.

“It does not pain me to realize that, like all athletes, there comes a time to… take yourself out of the game,” he said.


Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: daniel bukszpan, in danielbukszpan
Keywords: news, cnbc, companies, bands, tour, drummer, popular, dies, rush, greatest, neil, sold, fans, rock, million, considered, group, peart, drummers


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NFL luxury Super Bowl LIV packages almost sold out at $19,500 to $35,000 per person

OLE, which creates one-of-a-kind, luxury Super Bowl packages that include tickets, food, entertainment and even lodging to see the game, expects to make roughly $200 million in revenue off the weekend, according to company officials. Revenue climbsLast year, OLE generated roughly $175 million in revenue from Super Bowl LIII in Atlanta. In 2018, the company grossed more than $140 million from Super Bowl LII in Minnesota. Many ticket brokers sell Super Bowl tickets to fans weeks before they actual


OLE, which creates one-of-a-kind, luxury Super Bowl packages that include tickets, food, entertainment and even lodging to see the game, expects to make roughly $200 million in revenue off the weekend, according to company officials.
Revenue climbsLast year, OLE generated roughly $175 million in revenue from Super Bowl LIII in Atlanta.
In 2018, the company grossed more than $140 million from Super Bowl LII in Minnesota.
Many ticket brokers sell Super Bowl tickets to fans weeks before they actual
NFL luxury Super Bowl LIV packages almost sold out at $19,500 to $35,000 per person Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: jabari young
Keywords: news, cnbc, companies, person, liv, nfl, stake, tickets, endeavor, 35000, league, million, ole, luxury, entertainment, packages, super, 19500, bowl, sold


NFL luxury Super Bowl LIV packages almost sold out at $19,500 to $35,000 per person

The Vince Lombardi Trophy. Getty Images

Miami is proving to be a lucrative location for the National Football League’s hospitality company On Location Experiences, which is expecting a 15% increase in revenue for Super Bowl LIV next month, according to league officials. OLE, which creates one-of-a-kind, luxury Super Bowl packages that include tickets, food, entertainment and even lodging to see the game, expects to make roughly $200 million in revenue off the weekend, according to company officials. The packages cost any where from $5,000 to $35,000 per person and — depending on how much you’re willing to spend — can include private parties with NFL legends, private concerts and on-field access during the Lombardi Trophy ceremony. This year’s game in Miami, set for Feb. 2 at the Dolphins’ Hard Rock Stadium, is giving sales a big boost, according to OLE Chief Revenue Officer Sam Soni. “We’ve always found [it] to be a great destination,” Soni said. “There’s a lot to do there, the weather is great.”

Revenue climbs

Last year, OLE generated roughly $175 million in revenue from Super Bowl LIII in Atlanta. In 2018, the company grossed more than $140 million from Super Bowl LII in Minnesota. The NFL, which founded OLE, sold off most of it to a group of private investors — RedBird Capital and Bruin Sports Capital — in 2015 after a controversial Super Bowl year in which ticket resellers left fans in a lurch by revoking their pricey tickets. Many ticket brokers sell Super Bowl tickets to fans weeks before they actually buy them, hoping prices drop on secondary resale sites before they are purchased. Since the league doesn’t release Super Bowl tickets until about a week before the championship game, questions started to arise about the legitimacy of ticket inventory sold by outside agencies Kevin LaForce, the NFL’s senior vice president of media business development, said the league has seen “improvement over the last three or four years” since RedBird and Bruin Sports bought a majority stake in 2015. The Carlyle Group later bought a small stake of OLE.

Sale to Endeavor

Last week, the group sold their holdings in OLE to entertainment agency Endeavor, which now owns more than 80% of OLE. The NFL retained the rest but wants a bigger share, looking to increase its ownership stake to about 32%, representing 1% per team, people familiar with the deal told CNBC. The NFL declined to verify the specific details of its new agreement with Endeavor. “By bringing together a leader like On Location with Endeavor’s access and reach, we can advance the way consumers and brands think about money-can’t-buy experiences,” Endeavor CEO Ariel Emanuel said in a statement announcing the transaction. “Partnering with the NFL will enable us to leverage the best-in-class executions around one of the biggest events in the world, the Super Bowl,” he said, adding that Endeavor could branch out into other sports and entertainment events. Financial details of the transaction weren’t disclosed, but people with knowledge of the agreement confirmed that Endeavor paid roughly $660 million for its stake in OLE. Carlyle, RedBird Capital and Bruin Sports Capital purchased a majority stake in OLE from the NFL for over $70 million in 2015, according to people familiar with that deal. LaForce said one of the reasons the league approved the sale and license transfer was the appeal of Endeavor’s entertainment portfolio, which the NFL hopes to leverage to enhance the fan experience. Endeavor is one of the top talent agencies in the U.S., managing musicians like Adele, Bruno Mars, Drake, Camila Cabello and Kendrick Lamar. “We thought that can really help the business and continue to make it [OLE] an increasingly strategic asset for us as a league,” LaForce said, “but also more broadly in the market place around sports and entertainment.” Current CEO John Collins will transition to an advisory role while Paul Caine, a former executive at Bloomberg and Time Inc., takes over the helm of OLE.

‘On the Fifty’


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: jabari young
Keywords: news, cnbc, companies, person, liv, nfl, stake, tickets, endeavor, 35000, league, million, ole, luxury, entertainment, packages, super, 19500, bowl, sold


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