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Sports & Entertainment Spotlight: cashback company Ibotta reinvents jersey sponsorship deal with New Orleans Pelicans | Dinar Supra

Welcome back to Spotlight and in its best season, fall (nine out of ten dentists agree). The sun is setting early and the mercury in our thermometers is dropping. Ironically, Robert Sarver, the majority owner of the Phoenix Suns franchises in the NBA and Phoenix Mercury, seems to be in the midst of a sunset and a fall of his own. In fact, one week after he was hit with a $10 million fine and a one-year ban on NBA and WNBA activities after an independent investigation uncovered a systematic pattern of sexual harassment and racially charged language at Suns and Mercury’s front office, Sarver appears to have succumbed to public pressure. To do what many thought should have been forced on him by NBA Commissioner Adam Silver: sell franchises. Whether the action was prompted by some sort of interference by fellow owners, Sarver took hold of his conscience, or perhaps even the realization that sexual harassment and discrimination in the workplace… not great for business, the decision to sell the difference is shocking, but it is not. surprisingly. Even more puzzling, however, is how and why this history – not unique in the sports world – continues to repeat itself. As has been said, pride comes before the fall, just as wordplay comes before (and during) “spotlight”:

  • Ibotta Cashback Discount is renewing its jersey sponsorship deal with the New Orleans Pelicans. Too bad that Abbott and Costello aren’t about to do the Ibuta jersey routine.
  • Kanye “Ye” West terminated YEEZY Gap’s partnership agreement with Gap, Inc. Which was meant to be a long-term fruitful partnership for the husband. Sounds like a perfect opening for the Gap x Pete Davidson deal.
  • Originally a star of the 2000s, Christina Aguilera has kept pace with the times by signing up for NFT and branding geared towards the metaverse. The applications will likely stand up to the scrutiny of the US Patent and Trademark Office, given that they are beautiful in every respect, and words cannot thwart them.

Certification deals, sponsorships and investments

The complete SET Agency provides zero representation for NCAA student athletes
September 20, 2022 via Yahoo Finance
Complete SET is pleased to announce its latest initiative: The Name, Image, and Similarity (NIL) Representation of NCAA Student Athletes.

Pelicans sponsorship deal, Ibotta Renew Jersey
September 16, 2022 via Sport Business
The New Orleans Pelicans of the National Basketball Association and mobile reward platform Ibotta have renewed their jersey sponsorship agreement for three more seasons.

Kanye West Yeezy ends deal with Gap: ‘A king can’t live in someone else’s castle’
September 15, 2022
Kanye West, who goes by Yee, said Thursday that he has terminated the contract between his Yeezy company and Gap Inc.

Barstool joins the NIL Marketplace Race with a huge sports network
September 14, 2022 via Sportico (subscription may be required)
Barstool Sports is launching a marketplace for endorsement deals, called TwoYay, for college athletes.

NBA star Stephen Curry is said to be close to signing a $1 billion lifetime deal with Baltimore-based Under Armor.
September 14, 2022 via Mercury News
Under Armor athlete and NBA star Stephen Curry is said to be close to hitting $1 billion to extend his contract with the Baltimore-based sports apparel brand.


Sports

Sarfer announces plans to sell Suns and Mercury
September 21, 2022 via ESPN
Owner Robert Sarver, citing a “ruthless atmosphere” after being suspended and fined for racist and misogynistic comments, announced his plans to sell the Suns Basketball League and Mercury from the WNBA.

Motorola Adds Chicago Bulls to NBA Jersey Patch Portfolio
September 20, 2022 via Sport Business
The Chicago Bulls of the National Basketball Association have named Illinois-based Consumer Electronics and Communications Company Motorola as the team’s new jersey sponsor in a multi-year agreement for the 2022-23 season.

NFL Player Stock Market launched in New Jersey
September 19, 2022 via Sportico (subscription may be required)
Mojo launched in New Jersey on Monday with $100 million raised so far, by blending sports gambling, fantasy competition and the mechanics of the stock market.

MLB has granted international marketing rights to Teams, similar to the NFL
September 16, 2022 via Sportico (subscription may be required)
Major League Baseball is splitting international markets among its franchises, giving teams new commercial rights in select regions around the world, according to several people familiar with the plan.

The new Nike World Cup kits have not impressed fans
September 16, 2022 via Guardian Liberty Voice
Some USMNT players had peeked at the clothes they’ll wear in November and even managed to design the clothes they’ll wear in November before Nike released their 2022 World Cup kits on Thursday, even before the shirts were leaked last month.


bass music

Kanye West insists his music is being sold without him knowing: I’m ‘just like Taylor Swift’
September 21, 2022 via News Break
Kanye West, 45, has claimed that his music catalog, estimated to be worth $13.25 million in annual publishing revenue, is being sold without his permission.

Future sells song publishing catalog to influence media partners: ‘Artist of the Ages’
September 20, 2022 via Billboard
The catalog includes titles such as Future’s Hot 100’s Top 10 hits “Mask Off” and his collaboration with Drake on songs like “Jumpman” and “Life Is Good”, the latter peaking at number two on the Hot 100 chart on January 25, 2020.

Bang Drink Maker is approved in IP suit over deleted videos
September 14, 2022 via Law360 (subscription may be required)
A federal judge in Miami has sanctioned Bang Energy Drink’s Vital Pharmaceuticals for failing to maintain online videos that Sony Music Entertainment says contain her songs, awarding her an as-yet-unspecified attorney’s fee in a copyright infringement lawsuit.


Film and Television

Greg Norman says LIV Golf has received “tremendous” interest in the media rights contract
September 16, 2022 via The Bleacher Report
LIV Golf is only available to watch via YouTube broadcasts, but that may change as the organization negotiates television rights for future events.

Genius Sports toners the Amazon Football broadcast deal
September 16, 2022 via Sportico (subscription may be required)
Genius Sports’ Second Spectrum has signed a deal with Amazon to provide enhanced video technology and data-related services in connection with an alternative feed to broadcast Prime Video’s Friday Night Football NFL in the United States

Report: Apple and Amazon entered into a contract to acquire the rights to LIV Golf Media
September 15, 2022 via Bleacher Report
Two major broadcasting platforms have reportedly turned down the opportunity to acquire media rights to LIV Golf.


Non-Fungible Tokens (NFTs)

Golden State Warriors co-owner launches NFT-powered sports prediction game
September 21, 2022 via Yahoo Finance
Hellebore founder and CEO Nick Swinmurn introduced NFT Play Hellebore, a fantasy sports-style platform that allows users to predict professional sports scores for blockchain-based prizes. In addition, how to make the game more accessible to users who are not familiar with NFTs.

Christina Aguilera applies to brands NFT and Metaverse
September 21, 2022 via Crypto News Australia
Pop singer Christina Aguilera has filed trademarks related to NFTs and Metaverse with the United States Patent and Trademark Office.

PGA Tour announces NFT partnership, with revenue going to players
September 19, 2022 via Sportico (subscription may be required)
The PGA Tour officially announced a partnership with NFT Autograph Monday, with plans to launch a collectible digital platform early next year and distribute all of its revenue from the program directly to its member players.


#Sports #Entertainment #Spotlight #cashback #company #Ibotta #reinvents #jersey #sponsorship #deal #Orleans #Pelicans #Dinar #Supra

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