Hasbro extends Disney pact for Star Wars, Marvel toys and games

Hasbro will retain the master toy licenses for Disney’s Star Wars and Marvel brands, the Rhode Island-based toy maker said Friday. The pact, which Hasbro and Disney extended back in 2013, was expected to expire in 2020. “We are pleased to build on our relationship with Disney and extend our agreement for Marvel and Star Wars franchises,” Brian Goldner, Hasbro’s chairman and CEO, said in a statement. The company pointed to strong sales of “Frozen 2,” “Avengers,” “Spider-Man” and “Star Wars” lines


Hasbro will retain the master toy licenses for Disney’s Star Wars and Marvel brands, the Rhode Island-based toy maker said Friday.
The pact, which Hasbro and Disney extended back in 2013, was expected to expire in 2020.
“We are pleased to build on our relationship with Disney and extend our agreement for Marvel and Star Wars franchises,” Brian Goldner, Hasbro’s chairman and CEO, said in a statement.
The company pointed to strong sales of “Frozen 2,” “Avengers,” “Spider-Man” and “Star Wars” lines
Hasbro extends Disney pact for Star Wars, Marvel toys and games Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: sarah whitten
Keywords: news, cnbc, companies, wars, marvel, hasbro, games, hasbros, pact, brands, relationship, disney, toy, star, toys, sales, extends


Hasbro extends Disney pact for Star Wars, Marvel toys and games

A Darth Vader mask is displayed in the Star Wars booth at the Hasbro showroom during the annual New York Toy Fair, on February 20, 2018, in New York.

Hasbro will retain the master toy licenses for Disney’s Star Wars and Marvel brands, the Rhode Island-based toy maker said Friday.

The pact, which Hasbro and Disney extended back in 2013, was expected to expire in 2020. Financial terms were not disclosed.

“We are pleased to build on our relationship with Disney and extend our agreement for Marvel and Star Wars franchises,” Brian Goldner, Hasbro’s chairman and CEO, said in a statement. “Disney’s celebrated franchises are consistently ranked as top toy properties and provide expansive content for us to build upon for years to come.”

Hasbro has long benefited from its relationship with Disney. In the last year, Hasbro’s partner brands revenue rose 24% to $1.22 billion. The company pointed to strong sales of “Frozen 2,” “Avengers,” “Spider-Man” and “Star Wars” lines for the increase.

The strength of these sales is proof that Hasbro’s partnership with Disney continues to be a lucrative and stabilizing one, particularly in a post-Toys R Us world. Toymakers have had to rely more heavily on Amazon, Walmart and Target, as well as shelf space in drug and grocery stores. Retailers have seen that licensed brands can more easily draw in customers because children enjoy reenacting scenes from popular movies and TV shows.

The agreement allows Hasbro to make product based on Marvel and Star Wars content on film, televison and Disney+. Hasbro didn’t say when the multiyear deal will expire.

Hasbro shares were trading up less than 1% before the market’s open. The stock, which has a market value of $13.5 billion, has gained nearly 14% over the past year.


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: sarah whitten
Keywords: news, cnbc, companies, wars, marvel, hasbro, games, hasbros, pact, brands, relationship, disney, toy, star, toys, sales, extends


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Inside teen YouTube star JoJo Siwa’s tour rider, from Lucky Charms to ‘bougie’ Caesar salads

tour, which has already brought in tens of millions of dollars and announced 50 new tour dates, beginning in March. When it comes to her tour, Siwa is heavily involved in the planning process, from the merchandise to the overall cost of the production. In addition to tour, live appearances and YouTube videos, Siwa is the star of the Nickelodeon YouTube cartoon, “JoJo and BowBow,” and she has an exclusive licensing deal with Nickelodeon. Still, Siwa has brought in the most consumer-product succes


tour, which has already brought in tens of millions of dollars and announced 50 new tour dates, beginning in March.
When it comes to her tour, Siwa is heavily involved in the planning process, from the merchandise to the overall cost of the production.
In addition to tour, live appearances and YouTube videos, Siwa is the star of the Nickelodeon YouTube cartoon, “JoJo and BowBow,” and she has an exclusive licensing deal with Nickelodeon.
Still, Siwa has brought in the most consumer-product succes
Inside teen YouTube star JoJo Siwa’s tour rider, from Lucky Charms to ‘bougie’ Caesar salads Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: cory stieg
Keywords: news, cnbc, companies, salads, rider, tour, stone, siwa, inside, youtube, rolling, teen, nickelodeon, star, lucky, told, tray, siwas, jojo


Inside teen YouTube star JoJo Siwa's tour rider, from Lucky Charms to 'bougie' Caesar salads

JoJo Siwa is a 16-year-old YouTube and TV sensation who owns a Tesla that’s decorated with images of her face, and recently bought a home in Los Angeles for $3.4 million. She has 10.6 million YouTube subscribers, her branded signature hair bows fly off shelves and in April, the teen star filmed an “epic TV special” for Nickelodeon that chronicled the day leading up to her 16th birthday party.

Most recently, Siwa has been singing and dancing her way across the globe with her D.R.E.A.M. tour, which has already brought in tens of millions of dollars and announced 50 new tour dates, beginning in March. Siwa called the latest Australian leg of the tour “some of the longest, most tiring, hardest and most stressful days ever,” on Instagram.

But there are some comforts on the road. Siwa shared a video of her backstage setup in Melbourne on YouTube subscribers calling the spread “the most gorgeous crafty I’ve ever seen in my life” (referring to her craft services spread).

Like many performers, Siwa has a tour rider, which among other things, lists hospitality requests (or sometimes demands), and the snacks Siwa requests in particular seem perfectly suited to a 16 year old-turned-mogul.

Lucky Charms, marshmallows, peanut butter and jelly cupcakes and cookies on Siwa’s rider, which comes as no surprise for the “Kid In a Candy Store” singer who has a full candy bar set up at home in her mansion.

“But they’re supposed to be like Chips Ahoy cookies,” Siwa says in her YouTube video. “These are like fancy your homemade situations, love that.”

But there’s also a vegetable tray, bread, a “bougie” charcutier board, six plates of “incredible” chicken and two “bougie” Caesar salads, she says in the YouTube video.

JoJo Siwa shows off her craft services catering on tour.

“On my craft rider is Fruit Roll-Ups, Goldfish, spray cheese, bread and peanut butter and jelly, a fruit tray, a vegetable tray with ranch, two Caesar salads, Gatorade, orange juice, diet coke and water,” she told E! News in November. “There is always a different kind of chip, cookie and cupcakes. Everything else I don’t really care as long as there is good food.”

When it comes to her tour, Siwa is heavily involved in the planning process, from the merchandise to the overall cost of the production.

“She thought this was so important, how these decisions were gonna get made, that she called,” Debra Rathwell, senior vice president at AEG Live, the entertainment company that produces her live shows, told Rolling Stone. “We had a conference call with JoJo, the designer and the director, Nickelodeon, and ourselves. We talked through each and every one.”

In addition to tour, live appearances and YouTube videos, Siwa is the star of the Nickelodeon YouTube cartoon, “JoJo and BowBow,” and she has an exclusive licensing deal with Nickelodeon. She sells branded clothes, dolls, makeup and accessories at stores like Target, Payless, Claire’s and Walmart.

“We figured out how to take an influencer and turn her into a brand,” Pam Kaufman, president of Viacom/Nickelodeon global consumer products, told Viacom in 2018.

In 2018, Siwa sold 40 million of her signature bows, she said on an episode of the “Impaulsive” podcast. However, in 2019 Claire’s voluntarily recalled Siwa’s makeup kits after the Food and Drug Administration found the “possible presence of trace amounts of asbestos fibers” in the eye shadows.

Still, Siwa has brought in the most consumer-product success from a live-action star in Nickelodeon history, Kaufman told Rolling Stone. “There has never really been someone who has done what I’ve done,” Siwa told Rolling Stone. “I’m live-action. I’m the first real-life license—the first human, who is not playing a character, to be licensed as a brand.”

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Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: cory stieg
Keywords: news, cnbc, companies, salads, rider, tour, stone, siwa, inside, youtube, rolling, teen, nickelodeon, star, lucky, told, tray, siwas, jojo


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Kawhi Leonard wins first NBA All-Star MVP award named after Kobe Bryant

NBA Commissioner Adam Silver announces NBA All-Star Game MVP Trophy will honor Kobe Bryant during NBA All-Star Saturday Night Presented by State Farm as part of 2020 NBA All-Star Weekend on February 15, 2020 at United Center in Chicago, Illinois. Los Angeles Clippers star Kawhi Leonard is the first recipient of the Kia National Basketball Association’s All-Star Game Kobe Bryant Most Valuable Player award, which the league officially named after the late Bryant. “Kobe Bryant is synonymous with NB


NBA Commissioner Adam Silver announces NBA All-Star Game MVP Trophy will honor Kobe Bryant during NBA All-Star Saturday Night Presented by State Farm as part of 2020 NBA All-Star Weekend on February 15, 2020 at United Center in Chicago, Illinois.
Los Angeles Clippers star Kawhi Leonard is the first recipient of the Kia National Basketball Association’s All-Star Game Kobe Bryant Most Valuable Player award, which the league officially named after the late Bryant.
“Kobe Bryant is synonymous with NB
Kawhi Leonard wins first NBA All-Star MVP award named after Kobe Bryant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-17  Authors: jabari young
Keywords: news, cnbc, companies, allstar, hall, star, kobe, leonard, mvp, kawhi, famer, award, nba, named, wins, seven, silver, game, bryant


Kawhi Leonard wins first NBA All-Star MVP award named after Kobe Bryant

NBA Commissioner Adam Silver announces NBA All-Star Game MVP Trophy will honor Kobe Bryant during NBA All-Star Saturday Night Presented by State Farm as part of 2020 NBA All-Star Weekend on February 15, 2020 at United Center in Chicago, Illinois.

Los Angeles Clippers star Kawhi Leonard is the first recipient of the Kia National Basketball Association’s All-Star Game Kobe Bryant Most Valuable Player award, which the league officially named after the late Bryant.

Leonard scored a game-high 30 points and seven rebounds to help Team LeBron — led by Lakers star LeBron James — beat Team Giannis (named after Milwaukee Bucks star Giannis Antetokounmpo), 157-155, in the 69th NBA All-Star Game in Chicago, which hosted the event for the first time in 32 years.

At his media press conference before All-Star events on Saturday night, NBA Commissioner Adam Silver announced the award is permanently named after Bryant, who was killed along with his 13-year-old daughter Gianna and seven others in a Jan. 26 helicopter crash in Calabasas, California.

According to multiple reports, a private funeral service was held for Bryant and his daughter earlier this month. On Feb. 24, a public service to celebrate the life of the Bryants will take place at the Staples Center in Los Angeles. The date matches with the No. 2 jersey worn by Gianna, and Kobe’s longtime No. 24 jersey.

Silver said the decision was made to name the MVP award after Bryant following league discussions with “particular players,” including Oklahoma City Thunder guard Chris Paul, who assisted with devising the idea.

“Kobe Bryant is synonymous with NBA All-Star and embodies the spirit of this global celebration of our game,” Silver said. “He always relished the opportunity to compete with the best of the best and perform at the highest level for millions of fans around the world.”

Sunday’s All-Star game commenced with words from Hall of Famer Magic Johnson, who requested an 8-second moment of silence for Bryant, who started his 20-year career with the Lakers wearing the No. 8 jersey.

Bryant played in a record 18 consecutive All-Star games, the second-most appearances behind Naismith Memorial Basketball Hall of Famer Kareem Abdul-Jabbar, who made 19 appearances.

Bryant is also tied with Hall of Famer Bob Pettit for the most All-Star MVPs (four), and at age 19, he became the youngest player to participate in the game in 1998.

During All-Star festivities, Hall of Fame officials also announced Bryant, along with seven others including former San Antonio Spurs forward Tim Duncan and former Brooklyn Net Kevin Garnett, are finalists for induction into the 2020 Hall of Fame class, which will be revealed during the NCAA Final Four in Atlanta.


Company: cnbc, Activity: cnbc, Date: 2020-02-17  Authors: jabari young
Keywords: news, cnbc, companies, allstar, hall, star, kobe, leonard, mvp, kawhi, famer, award, nba, named, wins, seven, silver, game, bryant


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Nets star Spencer Dinwiddie: ‘Understand what fun you can have’ with your money

Dinwiddie spoke with Grow about the most valuable money lessons he’s learned, and his philosophies on spending, saving, and retirement. Savings mentality: ‘Understand what fun you can have’Dinwiddie started his NBA career in 2014 with the Detroit Pistons, signing a three-year contract worth $2.5 million. “I was like, ‘Nah, man, I’m not going to be one of these rookies that blows his money. “I had a very modest perspective and lifestyle in terms of what fun meant to me,” Dinwiddie recalls. Lesson


Dinwiddie spoke with Grow about the most valuable money lessons he’s learned, and his philosophies on spending, saving, and retirement.
Savings mentality: ‘Understand what fun you can have’Dinwiddie started his NBA career in 2014 with the Detroit Pistons, signing a three-year contract worth $2.5 million.
“I was like, ‘Nah, man, I’m not going to be one of these rookies that blows his money.
“I had a very modest perspective and lifestyle in terms of what fun meant to me,” Dinwiddie recalls.
Lesson
Nets star Spencer Dinwiddie: ‘Understand what fun you can have’ with your money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: anna-louise jackson
Keywords: news, cnbc, companies, star, spencer, started, nets, understand, going, eye, money, dinwiddie, wanted, fun, nba


Nets star Spencer Dinwiddie: 'Understand what fun you can have' with your money

In his six years in the NBA, Brooklyn Nets point guard Spencer Dinwiddie has navigated career ups and downs that put his lifelong dream of making it as a professional basketball player in doubt. Thanks to a savings mentality that he adopted early on, along with a healthy dose of perseverance, Dinwiddie was able to make a comeback. Dinwiddie spoke with Grow about the most valuable money lessons he’s learned, and his philosophies on spending, saving, and retirement.

Savings mentality: ‘Understand what fun you can have’

Dinwiddie started his NBA career in 2014 with the Detroit Pistons, signing a three-year contract worth $2.5 million. During that time, he saved aggressively, amassing “several hundred thousands” within two years. “I had a fairly small budget compared to what I was earning,” Dinwiddie says. “I was like, ‘Nah, man, I’m not going to be one of these rookies that blows his money. I’m not going to do it. I cannot do it.'”

Video by Jason Armesto He was able to strike a balance, spending money on what mattered to him at the time (mostly video games), while being realistic about what he could afford, especially when it came to items that might not hold value. “I had a very modest perspective and lifestyle in terms of what fun meant to me,” Dinwiddie recalls. “I’m very big on do what is within your means, within your range. You should never be so constricted that you can’t have fun. You just have to understand what fun you can have.”

Biggest money lesson: ‘Always have an eye on it’

Dinwiddie grew up in the Los Angeles area, and writes on his website that “dedication to hard work” was instilled by his parents, Stephanie and Malcolm. Lessons about money also started at a young age for Dinwiddie, who’s now 26. “I got to give a lot of credit to my dad,” Dinwiddie says. “He’s a real estate agent, and so the concepts of entrepreneurship, money, real estate, sound investing, stuff like that — I was introduced to it pretty early.” In particular, Dinwiddie says the biggest lesson he learned is that it’s important to understand your own finances, including when money is coming in and going out.

I’m not going to be one of these rookies that blows his money. I’m not going to do it, I cannot do it. Spencer Dinwiddie Brooklyn Nets

“One of the things [my dad] never wanted me to do as a NBA player was to just pass my money off and never have an eye on it, or never have an idea of where it’s going or how it’s working,” Dinwiddie recalls. “Whatever it is that I chose to do, or even whatever my financial advisors chose to do or recommended me to do with the money, he wanted me to always have an eye on it and always have an understanding of not only what they were doing, but why.”

Saving for retirement: ‘Planning for those moments’


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: anna-louise jackson
Keywords: news, cnbc, companies, star, spencer, started, nets, understand, going, eye, money, dinwiddie, wanted, fun, nba


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NFL star Adrian Peterson embroiled in a dispute with Morgan Stanley

Adrian Peterson is heading to arbitration against Morgan Stanley Wealth Management over an investment dispute, the latest entry in a series of financial issues for the 34-year-old NFL star. Brokerage houses and investment advisors often have clients agree to private arbitration to resolve disagreements. Peterson reportedly has earned more than $100 million over the course of 12 years with the NFL. He is representing Peterson, along with Sam Edwards and Ryan Cook of Shepherd Smith Edwards & Kanta


Adrian Peterson is heading to arbitration against Morgan Stanley Wealth Management over an investment dispute, the latest entry in a series of financial issues for the 34-year-old NFL star.
Brokerage houses and investment advisors often have clients agree to private arbitration to resolve disagreements.
Peterson reportedly has earned more than $100 million over the course of 12 years with the NFL.
He is representing Peterson, along with Sam Edwards and Ryan Cook of Shepherd Smith Edwards & Kanta
NFL star Adrian Peterson embroiled in a dispute with Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: darla mercado
Keywords: news, cnbc, companies, dispute, washington, private, embroiled, morgan, adrian, peterson, arbitration, nfl, stanley, edwards, wrote, star, investment


NFL star Adrian Peterson embroiled in a dispute with Morgan Stanley

Adrian Peterson #26 of the Washington Redskins looks on after being tackled by the Philadelphia Eagles during the first half at FedExField on Dec. 30, 2018 in Landover, Maryland.

Adrian Peterson is heading to arbitration against Morgan Stanley Wealth Management over an investment dispute, the latest entry in a series of financial issues for the 34-year-old NFL star.

Details of the claim are scarce, as arbitration is a private way for the two sides to hash out a disagreement before a third party – and keep it out of the public eye as would be the case when filing suit in court.

Brokerage houses and investment advisors often have clients agree to private arbitration to resolve disagreements.

Peterson reportedly has earned more than $100 million over the course of 12 years with the NFL. He’s currently in the middle of a two-year contract with the Washington Redskins.

“The arbitration is ongoing. We have no further comment,” wrote Chase Carlson of Carlson Law, in an email to CNBC.

He is representing Peterson, along with Sam Edwards and Ryan Cook of Shepherd Smith Edwards & Kantas in Houston.

“We are defending against these claims, which we believe are without merit,” wrote Christine Jockle, a spokeswoman for Morgan Stanley, in an email.

The Athletic originally reported on the dispute between the athlete and the brokerage firm.


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: darla mercado
Keywords: news, cnbc, companies, dispute, washington, private, embroiled, morgan, adrian, peterson, arbitration, nfl, stanley, edwards, wrote, star, investment


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Hasbro shares soar as ‘Star Wars,’ ‘Frozen 2’ toys fueled holiday sales

Strong sales of “Star Wars” and “Frozen 2” toys helped boost Hasbro’s holiday sales during the fourth quarter, sending shares higher Tuesday. Earnings in the latest period were helped by a one-time benefit of $102.5 million from gains in foreign currency hedging. Revenue from Hasbro’s partner brands unit, which includes sales of toys based on entertainment franchises, rose nearly 50% to $408.5 million in the fourth quarter. The company pointed to strong sales of “Frozen 2,” “Avengers,” “Spider-M


Strong sales of “Star Wars” and “Frozen 2” toys helped boost Hasbro’s holiday sales during the fourth quarter, sending shares higher Tuesday.
Earnings in the latest period were helped by a one-time benefit of $102.5 million from gains in foreign currency hedging.
Revenue from Hasbro’s partner brands unit, which includes sales of toys based on entertainment franchises, rose nearly 50% to $408.5 million in the fourth quarter.
The company pointed to strong sales of “Frozen 2,” “Avengers,” “Spider-M
Hasbro shares soar as ‘Star Wars,’ ‘Frozen 2’ toys fueled holiday sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: sarah whitten
Keywords: news, cnbc, companies, fueled, frozen, toys, star, shares, soar, wars, holiday, rose, sales, fourth, share, disney, hasbro, million, hasbros, mandalorian


Hasbro shares soar as 'Star Wars,' 'Frozen 2' toys fueled holiday sales

Strong sales of “Star Wars” and “Frozen 2” toys helped boost Hasbro’s holiday sales during the fourth quarter, sending shares higher Tuesday.

Net income rose to $267.3 million, or $2.01 per share, in the fourth quarter ended Dec. 29, from $8.8 million, or 7 cents per share, a year earlier. Earnings in the latest period were helped by a one-time benefit of $102.5 million from gains in foreign currency hedging.

Excluding items, the company earned $1.24 per share, higher than the estimated 91 cents in a Refinitiv survey of analysts.

Net revenue rose 2.8% to $1.43 billion, but missed the estimate of $1.44 billion.

Share prices were up 4% in early trading Tuesday.

Revenue from Hasbro’s partner brands unit, which includes sales of toys based on entertainment franchises, rose nearly 50% to $408.5 million in the fourth quarter.

For the full year partner brands rose 24% to $1.22 billion. The company pointed to strong sales of “Frozen 2,” “Avengers,” “Spider-Man” and “Star Wars” lines for the increase. Hasbro currently owns the master toy license for Disney’s Marvel and Star Wars franchises as well as Frozen and Disney’s collection of princesses.

The strength of these sales is proof that Hasbro’s partnership with Disney continues to be a lucrative and stabilizing one, particularly in a post-Toys R Us world. Toymakers have had to rely more heavily on Amazon, Walmart and Target, as well as shelf space in drug and grocery stores. Retailers have seen that licensed brands can more easily draw in customers because children enjoy reenacting scenes from popular movies and TV shows.

Hasbro CEO Brian Goldner said the partnership with Disney is “very successful” and noted that “The Rise of Skywalker” and “The Mandalorian” have been big drivers of sales for the company. He said the Mandalorian Black Series figure, which is a high-end collectible with more articulation and detail than a traditional action figure, from the Disney+ show “The Mandalorian” was one of the top sellers in the fourth quarter.

“We’re incredibly excited that ‘The Mandalorian’ season two will come to Disney+ this fall,” he said during an earnings call Tuesday.


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: sarah whitten
Keywords: news, cnbc, companies, fueled, frozen, toys, star, shares, soar, wars, holiday, rose, sales, fourth, share, disney, hasbro, million, hasbros, mandalorian


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Power agent Rich Paul launching Klutch Conversations during NBA All-Star weekend

Rich Paul, the CEO of Klutch Sports Group, will partner with Chicago hip-hop star Chance the Rapper’s SocialWorks and food manufacturing giant General Mills to begin the first installment of “Klutch Conversations,” he told CNBC. “The whole goal is to help these kids understand how to take the proper steps in life,” Paul continued. Another avenue for Klutch Conversations could come via streaming services, which appear to be making a strong push for more celebrity-driven content. After its launch


Rich Paul, the CEO of Klutch Sports Group, will partner with Chicago hip-hop star Chance the Rapper’s SocialWorks and food manufacturing giant General Mills to begin the first installment of “Klutch Conversations,” he told CNBC.
“The whole goal is to help these kids understand how to take the proper steps in life,” Paul continued.
Another avenue for Klutch Conversations could come via streaming services, which appear to be making a strong push for more celebrity-driven content.
After its launch
Power agent Rich Paul launching Klutch Conversations during NBA All-Star weekend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: jabari young
Keywords: news, cnbc, companies, conversations, model, dont, agent, klutch, power, star, nba, allstar, understand, life, rich, paul, launching, financial, weekend


Power agent Rich Paul launching Klutch Conversations during NBA All-Star weekend

Agent Rich Paul talks to Anthony Davis #3 of the Los Angeles Lakers against the Philadelphia 76ers at the Wells Fargo Center on January 25, 2020 in Philadelphia, Pennsylvania.

One of the most potent agencies in the world will use one of the most popular sporting events to kick off a new discussion panel that aims to jump-start social conversations.

Rich Paul, the CEO of Klutch Sports Group, will partner with Chicago hip-hop star Chance the Rapper’s SocialWorks and food manufacturing giant General Mills to begin the first installment of “Klutch Conversations,” he told CNBC.

It will include a discussion that will take place at the Harold Washington Cultural Center on Friday, the start of the National Basketball Association’s All-Star Weekend festivities in Chicago.

Paul, a well-known sports agent and representative of Los Angeles superstar LeBron James, said he wants to use the discussion to empower youth through not only education, sports and civic engagement, but financial literacy.

“There are no dinner-table conversations educating to what’s going on about how to understand credit, how to understand how Bob Iger is now the CEO of Disney,” Paul, 39, told CNBC in an interview. “What does that mean? How does someone get to that point? We don’t grow up understanding those dynamics. We grow up understanding that life is hard, and it’s going to be difficult for me to make it out [of underprivileged environments].”

Paul said he was motivated to start this venture by the lack of life discussions in cities that host one of the NBA’s top events. He wants to offer the Chicago public school students in attendance more than a weekend of fun experiences but what he labels a “conversation of value.”

“The weekend comes and goes. You have activities, the jam sessions … the dunk contest — all of these things that most of these kids probably can’t afford to pay and go see. And then you have the game and then Monday, everybody is gone,” he said. “Tell me, what can they take from it besides the fan experience to help them going forward in life? Nothing.

“The whole goal is to help these kids understand how to take the proper steps in life,” Paul continued. “Whether that’s decision-making, whether that’s financial. The conversation is just one of how to take the proper steps.”

Paul said content from the conversations will be captured, and there could be an opportunity to partner with a media company to air the dialogue.

And there could be a future partnership with WarnerMedia’s HBO, which already has an existing deal with James to air “The Shop,” featuring business partner Maverick Carter. The pair use a barbershop-style dialogue to discuss sports, culture, music and world events.

Another avenue for Klutch Conversations could come via streaming services, which appear to be making a strong push for more celebrity-driven content. YouTube recently dished out a record $20 million for a docuseries featuring pop star Justin Bieber.

After its launch this week, Paul plans to take Klutch Conversations to different cities, with its next destination expected to be in Cleveland. Travel to New York, Washington, D.C., and Philadelphia will also be considered.

Drew Hawkins, the CEO of Edyoucore, a financial consulting firm that partnered with the NBA and NBPA to provide mandatory consultation for all 30 teams, said Klutch Conversations is “critical” to continuing the dialogue with youth in efforts to empower their financial future.

“We don’t introduce financial literacy, for the most case, period,” said Hawkins, who also served as the former head of Morgan Stanley wealth management’s global sports and entertainment division. “You can graduate from Yale or Harvard with a degree in finance, but yet you don’t have the ability or understanding to balance a checkbook or to get a credit card or understand how credit works.”

Klutch Conversations is the second of two new ventures for Paul, who is positioning the company for an active 2020. Klutch recently entered the National Football League’s agency ranks with its acquisition of Revolution Sports, owned by agent Damarius Bilbo.

Now under Klutch’s new football division, Bilbo leads a group with top players, including Cleveland Browns wideout Jarvis Landry and New Orleans Saints running back Alvin Kamara. Paul also partnered with Beverly Hills-based United Talent Agency, one of the top entertainment agencies, which will allow Klutch to grow UTA’s sporting division.

Klutch, which started in 2012, has negotiated more than $1 billion total contacts and ranks 27th on Forbes’ 2019 Most Valuable Sports Agencies list. Paul, who also reps Lakers star Anthony Davis and Washington Wizards star John Wall, ranked 19th on Forbes Most Powerful Sports Agents list, bringing in roughly $36 million in commissions last year.

Also, Paul is coming off a week where his name made the headlines as a candidate to replace Steve Mills, who was fired as president of the New York Knicks. He told CNBC the timing to depart Klutch and oversee an NBA team is “premature” but vouched for longtime player-agent Leon Rose, who will reportedly take over as Knicks president of basketball operations.

If Knicks owner James Dolan officially hires Rose, he’ll be using an agent-turned-executive model to build his new front office, which is a model growing in popularity among NBA owners. The model suggests the agent, who already has relationships with superstar players, could be a force in attracting top stars to the hiring team.

“The model is justifiable,” Paul said. “As an agent, you probably know the talent through and through more than anybody. And you’re able to [understand] the talent different than what someone who is just inside of an organization can.”

“I think Leon could do the job. I think he’s been around the game long enough to understand what it entails and what it takes,” Paul said. “I don’t know how much time he’ll be given, but I know he understands it’s not easy, and it’s especially not easy in that environment. But I wish him the best of luck.”


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: jabari young
Keywords: news, cnbc, companies, conversations, model, dont, agent, klutch, power, star, nba, allstar, understand, life, rich, paul, launching, financial, weekend


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Winning will not solve New York Knicks’ problems, PR expert says

If James Dolan gets it right and makes the hires that will help the New York Knicks win, it still wouldn’t repair their brand, a public relations expert says. “I think Steve Stoute is great at what he does, but I don’t think 25 Steve Stoute’s can make the difference,” he said. “I don’t think Steve Stoute and 25 other advertising companies can help the fact that you have a hated owner.” “I want the New York Knicks to claim the greatest iconic sports franchise in basketball in the world,” Stoute s


If James Dolan gets it right and makes the hires that will help the New York Knicks win, it still wouldn’t repair their brand, a public relations expert says.
“I think Steve Stoute is great at what he does, but I don’t think 25 Steve Stoute’s can make the difference,” he said.
“I don’t think Steve Stoute and 25 other advertising companies can help the fact that you have a hated owner.”
“I want the New York Knicks to claim the greatest iconic sports franchise in basketball in the world,” Stoute s
Winning will not solve New York Knicks’ problems, PR expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: jabari young
Keywords: news, cnbc, companies, rose, stoute, dolan, think, team, york, steve, star, problems, expert, knicks, solve, winning


Winning will not solve New York Knicks' problems, PR expert says

Executive chairman and CEO of The Madison Square Garden Company and executive chairman of MSG Networks James L. Dolan, attends a summer game between the New York Knicks and the Phoenix Suns on July 7, 2019 in Las Vegas, Nevada.

If James Dolan gets it right and makes the hires that will help the New York Knicks win, it still wouldn’t repair their brand, a public relations expert says.

The Knicks are reportedly set to hire longtime player agent Leon Rose as their new team president, according to a report from ESPN. Also, Dolan hired branding guru Steve Stoute, the founder of marketing agency Translation, to help repair their image.

The Knicks, who Forbes values at $4 billion, have a 590-922 record since the 2001-02 season, a winning percentage of .390, the lowest winning percentage for any team in the NBA in that span, according to Elias Sports Bureau. On Tuesday, they fired team president Steve Mills and dismissed head coach David Fizdale on Dec. 6.

Though riding a three-game winning streak after a 105-103 win over the Orlando Magic at Madison Square Garden on Thursday, the Knicks are 16-36, which is 13th in the Eastern Conference and haven’t made the playoffs since the 2012-13 season.

Ronn Torossian, a crisis management expert and CEO of 5W Public Relations, said winning would help the Knicks’ brand, but it wouldn’t be enough as the venom often directed at the team is aimed at Dolan.

“I think Steve Stoute is great at what he does, but I don’t think 25 Steve Stoute’s can make the difference,” he said. “I don’t think Steve Stoute and 25 other advertising companies can help the fact that you have a hated owner.”

Dolan has done his franchise no favors with his actions at games, from banning fans who heckle him, to his public battle with former Knick Charles Oakley, one of the most respected players in franchise history.

“This guy just comes off like a bully,” Torossian said. “The best thing Steve Stoute can do is convince Jim Dolan to not show up at games. The brand would be helped if he didn’t show up.”

Torossian feels Stoute will have a difficult time repairing the Knicks as Dolan will block his vision. The Knicks declined to comment for this article when contacted by CNBC.

Stoute said he doesn’t believe blaming Dolan is the answer, but a combination of “coaches, [general managers], players, pride, there’s a lot. I think Knicks fans expect more. I think New York fans have always put pressure on their team.”

Stoute, 49, is known for his work in the entertainment industry, as he was the former manager of hip-hop superstar Nas and R&B singer Mary J. Blige. He’s worked with hip-hop moguls Jay Z and Sean Combs and was a part of the campaign to bring the former New Jersey Nets to Brooklyn in 2012.

He said New York fans’ disapproval of Dolan is nothing new, as the pressure to win in the media capital of the world is intense.

“I remember specifically when Tom Coughlin won a Super Bowl,” Stoute said, “the following season, the Giants were losing, and they wanted to fire Tom Coughlin. That’s just the way New York is – New York hated George Steinbrenner, and then all of a sudden, they started winning, and then they love George Steinbrenner.”

There is no clear direction of how the Knicks will rebrand or rebuild. Though reports surfaced about the possible hire of Rose at Creative Artists Agency, Dolan released a statement saying the team is still searching for Mills’ replacement.

Rose, 59, and a New Jersey native has a packed roster of NBA stars, including Oklahoma City Thunder star Chris Paul, former Knick and current Portland Trail Blazers forward Carmelo Anthony, Philadelphia 76ers star Joel Embiid, and Phoenix Suns star Devin Booker. Rose also represented Los Angeles Lakers superstar LeBron James before he switched to longtime friend and current agent Rich Paul of Klutch Sports Group.

According to Forbes, Rose, who is ranked No. 14 on its 2019 World’s Most Powerful Sports Agents list, grossed $38 million in commissions last year, and has negotiated $948.9 million in contracts throughout his career.

If Rose’s hire doesn’t become official, another player agent that could be interesting is Aaron Goodwin of Goodwin Sports Management. Goodwin, who like Rose also represented James, is the current agent for Portland Trail Blazers star Damian Lillard and San Antonio Spurs star DeMar DeRozan, helped negotiate over $2 billion in total deals, including negotiating the largest rookie sneaker deal for James in 2003 for over $100 million, and Kevin Durant’s 2007 deal with Nike, which is the second-biggest rookie shoe deal ever according to Forbes.

The Knicks could also go the traditional route, hiring an experienced NBA executive like Toronto Raptors president Masai Ujiri, who has been linked with the team name for months.

But no matter what is occurring on the basketball operations side, the next phase of rebranding the Knicks will include Translation.

“I want the New York Knicks to claim the greatest iconic sports franchise in basketball in the world,” Stoute said. “I think it’s a journey to get there, but we’ve seen this before. And I’m excited to do it. You don’t get an opportunity in life, very few, to work with an iconic brand, the most iconic arena in the world, and an ownership that’s aggressive and willing to invest to make it happen.”

Added Torossian: “I think Steve Stoute is great at what he does. And I think he has his work cut out for him.”


Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: jabari young
Keywords: news, cnbc, companies, rose, stoute, dolan, think, team, york, steve, star, problems, expert, knicks, solve, winning


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Meet the 22-year-old who ran 3,055 miles across the US and won a ‘free year’ in NYC from ‘Million Dollar Listing’ star Ryan Serhant

The guy turned out to be Seth Phillips, known from the comedic Instagram account Dude With Sign, who teamed up with “Million Dollar Listing” star Ryan Serhant to promote Serhant’s free year in New York City contest. Bencheghib had won, and Phillips and Serhant had flown out to California to personally surprise him with the news. “He had a lot of heart, big goals and a very clear plan for what he wanted to do when he got to New York City. He was going to figure out how to come to New York City an


The guy turned out to be Seth Phillips, known from the comedic Instagram account Dude With Sign, who teamed up with “Million Dollar Listing” star Ryan Serhant to promote Serhant’s free year in New York City contest.
Bencheghib had won, and Phillips and Serhant had flown out to California to personally surprise him with the news.
“He had a lot of heart, big goals and a very clear plan for what he wanted to do when he got to New York City.
He was going to figure out how to come to New York City an
Meet the 22-year-old who ran 3,055 miles across the US and won a ‘free year’ in NYC from ‘Million Dollar Listing’ star Ryan Serhant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-06  Authors: kathleen elkins
Keywords: news, cnbc, companies, going, ran, won, free, bencheghib, miles, york, million, star, really, city, serhant, meet, listing, ryan, nyc, running, plastic


Meet the 22-year-old who ran 3,055 miles across the US and won a 'free year' in NYC from 'Million Dollar Listing' star Ryan Serhant

On a Friday afternoon in late January, Sam Bencheghib ran alongside California Route 62. He’d already logged 15 miles and was planning on doing 10 more before sundown. It was a typical day for Bencheghib: Since July 2019, the 22-year-old environmental activist had been running 20 to 30 miles a day across the U.S., from the Atlantic to the Pacific Ocean, to raise awareness about ocean pollution. He ran in Adidas x Parley running shoes, which are made out of upcycled plastic waste. The day had started like so many before it: Bencheghib woke up in his RV, cooked breakfast and hit the pavement. But mid-run, around 2:30 p.m., he saw a guy standing on the side of the highway with a sign that read, “Which Way 2 NYC?” The flip side read, “You Win.” The guy turned out to be Seth Phillips, known from the comedic Instagram account Dude With Sign, who teamed up with “Million Dollar Listing” star Ryan Serhant to promote Serhant’s free year in New York City contest. Bencheghib had won, and Phillips and Serhant had flown out to California to personally surprise him with the news.

Ryan Serhant, left, and Seth Phillips found Bencheghib on the side of Route 62 to tell him he won a free year in NYC Courtesy of Ryan Serhant

Serhant, who moved to NYC in 2006 to pursue acting with a small amount of savings, says he owes everything to New York City: “It’s what gave me my career, my family, everything,” he tells CNBC Make It. His success didn’t happen overnight, though. After two years of struggling to make a living from acting gigs, he decided to get his real estate license. He made just $9,000 his first year as a real estate agent, but he hustled to gain a foothold in the industry. Today, Serhant is one of the most successful brokers in the world. In 2020, he wants to help someone else realize their dream by giving them a “free year” in the city, which includes an apartment in downtown Manhattan and a stipend to cover food, transportation and other necessities. Plus, Serhant will mentor them along the way. After sorting through 28,000 applications, Serhant and his team chose Bencheghib. His video, which he filmed on the road outside of the RV he named Jenny, was “super genuine and very authentic,” says Serhant. “He had a lot of heart, big goals and a very clear plan for what he wanted to do when he got to New York City. What I also really loved about him was, he was going to do it anyway. He was going to figure out how to come to New York City and sleep on people’s couches if he needed to.” But the one problem with selecting Bencheghib was that he was hard to track down, says Serhant, who flew to Los Angeles and rented a car to find him on Route 62. Of the thousands of applicants, “this was the one guy who was running across the United States.”

Bencheghib will use the free year to grow Make A Change, the organization he and his two siblings, Gary and Kelly, founded 10 years ago with the mission of combating plastic pollution and cleaning up the coastlines. In the early days of the organization, they simply cleaned up the rivers and oceans in Bali, where they grew up, themselves. As they got older, they started organizing group clean-ups and shifted their focus to raising awareness around plastic pollution by speaking in schools and creating videos that spotlight the issue. They even caught the attention of the president of Indonesia after they kayaked down the world’s most polluted river — the Citarum in Indonesia — and released videos showing the massive amount of plastic floating on the surface of the water. The president responded and promised to hire thousands of military troops to do a seven-year, full-scale clean up of the river. “That was when we came up with this concept of combining our passion for the environment and adventure,” Bencheghib tells CNBC Make It. During his senior year at Lehigh University, he started thinking, “What crazy idea can I do in the U.S. to raise awareness about this cause that I’m passionate about? I thought running across America on shoes made out of 11 plastic bottles was the way to do it.” Bencheghib completed his run across the U.S. on February 1 in Santa Monica, Calif., where he dove into the Pacific Ocean. He ran 3,055 miles over 191 days.

Sam Bencheghib finished his run across America, which spanned six months, in Santa Monica, CA Courtesy of Jacqueline Verdugo

He’ll fly to NYC in mid-February to start his “free year” from Serhant. “We’re going to follow Sam for a year, we’re going to help him and do as much as we possibly can and then it’s going to be up to him to determine how he wants to proceed after that first year,” says Serhant, who also selected two runner-ups, both of whom he’ll bring to New York for a day. Bencheghib, who spent two months in NYC before his run to train, knows firsthand how expensive the city is. It makes him all the more appreciative for the opportunity to work on Make A Change without having to stress about money. “I have always seen myself living in New York, but the conditions I saw myself living in were: somewhere deep in Bushwick, where the rent is as cheap as it gets, probably working on side projects just to pay the bills,” he says. “To get to focus only on what I’m really passionate about — to put 100% of my time and effort into what I think really matters — without any financial burdens, is life-changing.”

To put 100% of my time and effort into what I think really matters, without any financial burdens, is life-changing. Sam Bencheghib


Company: cnbc, Activity: cnbc, Date: 2020-02-06  Authors: kathleen elkins
Keywords: news, cnbc, companies, going, ran, won, free, bencheghib, miles, york, million, star, really, city, serhant, meet, listing, ryan, nyc, running, plastic


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NFL star Saquon Barkley visits South Beach restaurant owner prepping Super Bowl tailgate, and gets inspired

Small business owner Stephanie Vitori has gone from burger delivery girl to owning one of South Beaches most buzzed about burger joints. Vitori is the owner of Cheeseburger Baby, a frequent hot spot for celebrity clients that include Beyonce, Kanye West, Diddy and Gabrielle Union. She started working at Cheeseburger Baby when it opened in 2001 delivering burgers on a beat up scooter that had a lawnmower engine and a leopard print seat. “We always say, it shouldn’t take five guys to make a cheese


Small business owner Stephanie Vitori has gone from burger delivery girl to owning one of South Beaches most buzzed about burger joints.
Vitori is the owner of Cheeseburger Baby, a frequent hot spot for celebrity clients that include Beyonce, Kanye West, Diddy and Gabrielle Union.
She started working at Cheeseburger Baby when it opened in 2001 delivering burgers on a beat up scooter that had a lawnmower engine and a leopard print seat.
“We always say, it shouldn’t take five guys to make a cheese
NFL star Saquon Barkley visits South Beach restaurant owner prepping Super Bowl tailgate, and gets inspired Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: jessica golden
Keywords: news, cnbc, companies, spot, small, south, nfl, owner, baby, restaurant, burger, tailgate, visits, saquon, super, star, prepping, business, cheeseburger, road, vitori


NFL star Saquon Barkley visits South Beach restaurant owner prepping Super Bowl tailgate, and gets inspired

Small business owner Stephanie Vitori has gone from burger delivery girl to owning one of South Beaches most buzzed about burger joints. Vitori is the owner of Cheeseburger Baby, a frequent hot spot for celebrity clients that include Beyonce, Kanye West, Diddy and Gabrielle Union.

“We have a large celebrity clientele. Once the word got out that this is the spot to go to and that we are open until 6 a.m., we’ve just been growing and growing,” said Vitori.

As thousands of fans and sponsors flock to Miami for Super Bowl LIV, Cheeseburger Baby is preparing for the world stage as the restaurant will be catering the NFL’s official Tailgate Tropicale party.

“It’s an exclusive event with more than 10,000 people attending,” said Vitori. She says this could be the biggest weekend for her business in its history.

While business is booming today, it was a long road to success for Vitori. She started working at Cheeseburger Baby when it opened in 2001 delivering burgers on a beat up scooter that had a lawnmower engine and a leopard print seat.

In 2004, the original owner put the restaurant up for sale. Vitori decided to risk her life savings and drop out of college to take over ownership.

“I knew the potential of it so that’s why I ended up buying it,” she said in an interview.

Today, the business has grown to include two food trucks and catering, and it turns a steady profit.

But Hurricane Irma nearly destroyed her business in 2017. Destruction to the restaurant and area caused business sales to decline 30%.

Another roadblock? Five Guys Burger chain opened right across the street adding new competition.

“We always say, it shouldn’t take five guys to make a cheeseburger baby,” she said.

As a woman, the road to becoming a small business owner was often frustrating, Vitori said. She frequently felt invisible despite the blood, sweat and tears she put into the business.

“I want to empower other women because I’ve been in that position where I’ve been the top dog and never been seen as the top dog or passed over for that raise or promotion,” she said.


Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: jessica golden
Keywords: news, cnbc, companies, spot, small, south, nfl, owner, baby, restaurant, burger, tailgate, visits, saquon, super, star, prepping, business, cheeseburger, road, vitori


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