Unleashing August: Embracing the Dog Days with Sports and Entertainment

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Welcome back to the Spotlight! With our calendar pages turning over to August, we are right in the thick of the so-called “Dog Days of Summer” which get that name from the appearance of the dog constellation Sirius in the Northern Hemisphere. Siriusly.  For my longtime readers, you know it would be cavalier of me not to unleash an appropriately themed introduction (how farfetched!). For those barking up this tree for the very first time (first time collar?), allow me to be your shepherd. Though the tail end of summer may be approaching, I do not despair in melan-collie – for football season is near, and with it, the return of husky offensive linesmen and my favorite: wide retrievers. Of course, given that this space is dedicated to Sports and Entertainment industry business, I bet you have been hounding, but fear not, I will throw you a bone. I have the following for you to sink your canines into while I take a bow…wow.  

  • NFL star wide receivers DK Metcalf and Odell Beckham, Jr. catch endorsement deals with athleticwear and lifestyle brand Lululemon. Dealing with these peak athletes is both easy to defend and nearly impossible to defend.
  • Two businesses pushing immersive, interactive experiences rake in funding, with Batbox a baseball-centric restaurant with tech-enhanced batting cages raising $7.5 million, and Cosm, a company whose theatre-like venues deliver a front row seat to media and entertainment shows and events to the masses, brings in $250 million in its latest round. Meanwhile, I am fully invested in microcosm, watching shows and events on my couch in the comfort of my home.
  • Online gaming company DraftKings shutters its NFT marketplace amid legal scrutiny and lawsuits, marking the first time that both DraftKings and its gamers saved money.
  • Rugby continues its ascent in America as the U.S. Women’s Rugby Sevens win their first-ever Olympic medal, and on its heels, the Major League Rugby championship takes place this Sunday between the Seattle Seawolves (of whom Foster Garvey is a sponsor) and the defending champion (who you’ll just have to look up yourself).

Endorsement Deals, Sponsorships & Investments

Simone Biles’ Endorsement Deals: Athleta, Nike and More Brands Who’ve Employed the Olympic Gymnast as a Spokesmodel
July 31, 2024 via Women's Wear Daily

Marc Lasry, David Blitzer Among New Investors in Sphere-Like Cosm
July 31, 2024 via Sportico

Disney unveils a bunch of plans at D23 events. Here's what's panned out.
July 30, 2024 via USA Today

DraftKings Closing NFT Marketplace, Halting Reignmakers Amid Legal Challenges
July 30, 2024 via Casino.Org

Baseball-Themed Restaurant Batbox Raises $7.3M in VC Funds to Enter U.S.
July 30, 2024 via Sportico

Ninjas in Pyjamas’ $20M IPO Is Latest Test of Esports Biz in Public Markets
July 26, 2024 via Sportico


Sports

'We just made history.' US women's rugby sevens revel in bronze-medal showing.
July 31, 2024 via Lancaster Online

How NIL in College Sports Has Raised Questions About Nonprofits
July 30, 2024 via Chronicle of Philanthropy

Kevin Durant’s Boardroom names eight most marketable athletes aged 25 and under – including Coco Gauff, Anthony Edwards, Victor Wembanyama and Caitlin Clark
July 30, 2024 via talkSPORT

Kevin Durant and NBA Teams Key to Intellectual Property Disputes
July 29, 2024 via Sportico

California’s first sports bar celebrating women’s sports and diversity opens
July 29, 2024 via East Bay Times

Changes in college athletics may impact future of Olympic sports
July 28, 2024 via KCRA

Yankees Acquire Jazz Chisholm Jr. in Trade With Marlins
July 28, 2024 via New York Times

Damages to college athletes to range from a few dollars to more than a million under settlement
July 26, 2024 via Associated Press


Music Biz

UK music industry's Streaming Transparency Code goes live
August 1, 2024 via Music Week

Why The 1975 is Being Sued for $2.4m Over a Concert in Malaysia
July 31, 2024 via TIME Headlines

Soundful and SoundCloud partner with Kaskade for a First-Of-Its-Kind AI Songwriting Competition
July 29, 2024 via PRWeb


Film & TV

‘Zone Of Interest’ Backers Fund BBC Doc On Last Musician Of Auschwitz
July 30, 2024 via Deadline

Gold Zone Is How the Olympics Were Meant to Be Shown
July 30, 2024 via Sportico

Instagram creators can now make AI doppelgangers to chat with their followers
July 29, 2024 via Engadget

Video game performers will go on strike over artificial intelligence concerns
July 26, 2024 via Vegas Inc

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Foster Garvey PC

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