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NHL Commissioner Gary Bettman on team valuations, possible expansion and prediction markets
Youtube· 2025-11-25 13:04
CNBC is out this morning with our annual list of NHL valuations. The average NHL team is now worth $2.2% billion. That's a 15% jump from last year.And topping that list is Toronto Maple Leafs valued now at a staggering $4.3% billion. They're followed by the New York Rangers, Montreal Canadians, Los Angeles Kings, and Edmonton Oilers. And joining us this morning is NHL Commissioner Gary Bman.Good morning to you, Gary. >> Good morning. And I ask the first question.>> These are these are the CNBC valuations. W ...
Detroit Lions, Comerica Bank Kick Off "Double The Impact" My Cause My Cleats Campaign to Support DBG - Detroit on November 23
Prnewswire· 2025-11-21 16:59
Core Points - Comerica Bank and the Detroit Lions are collaborating for the fourth consecutive season on the "Double The Impact" initiative, which aims to raise funds for DBG - Detroit to support local youth and families [1][3] - The campaign will run from November 23 to December 7, with the Detroit Lions Foundation matching community donations up to $100,000 [2][3] - Comerica Bank will contribute the first $10,000 to the initiative, which will support DBG's workforce development, college readiness, and STEM programs [4][5] Summary by Sections Initiative Overview - The "Double The Impact" campaign is part of the My Cause My Cleats initiative, allowing players to highlight personal causes [3] - Over the past three years, the campaign has raised more than $612,000 for various community organizations [3] Community Engagement - Community members can participate by donating through the Detroit Lions' website during the campaign period [2] - The collaboration emphasizes the importance of community support and partnership in fostering youth development [7] DBG - Detroit's Impact - DBG - Detroit, founded in 2007, focuses on creating learning environments for youth and adults, boasting a 100% high school graduation rate and 98% post-secondary enrollment [12][13] - The organization has over 1,500 alumni and is recognized for its data-driven approach to youth development [6][12] Comerica Bank's Commitment - Comerica Bank has a long-standing presence in Michigan and is committed to community support, having donated approximately $163,000 through the First Down Partnership since 2017 [9][10] - The bank's contributions aim to enhance opportunities for local youth and families, reinforcing its role in community revitalization [5][10]
TKO (TKO) - 2025 Q3 - Earnings Call Transcript
2025-11-05 23:02
Financial Data and Key Metrics Changes - The company generated revenue of $1.12 billion in Q3 2025, with adjusted EBITDA of $360 million, reflecting a 59% increase year-over-year [13][14] - Adjusted EBITDA margin improved to 32%, up from 15% in the prior year period [14] - Reported revenue decreased by 27% year-over-year, primarily due to the impact of the 2024 Paris Olympics [14] Business Line Data and Key Metrics Changes - UFC segment revenue was $325 million, down 8%, with adjusted EBITDA of $166 million, a decrease of 15% [15][16] - WWE segment revenue increased by 23% to $402 million, with adjusted EBITDA rising 19% to $208 million [16][17] - IMG segment revenue decreased by 59% to $337 million, but adjusted EBITDA increased significantly to $61 million from a negative $55 million [20][21] Market Data and Key Metrics Changes - UFC's media rights production and content revenue decreased by 7% to $201 million, while WWE's media rights production and content revenue increased by 9% to $249 million [15][18] - Live events and hospitality revenue for UFC decreased by 15% to $44 million, while WWE's live events revenue surged by 61% to $83 million [16][17] Company Strategy and Development Direction - The company is focused on maximizing shareholder value, preparing for UFC's Paramount debut, and expanding WWE's presence on ESPN [11][12] - Significant media rights agreements have been secured, providing a high-margin, contractual revenue stream with annual escalators [12][30] - The company aims to achieve $450 million in high-margin partnership revenue by 2025 and targets $1 billion in total company partnership revenue by around 2030 [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's momentum and the strong demand for premium sports content [5][11] - The outlook for Q4 2025 is positive, with expectations of strong financial performance driven by increased events and new media rights agreements [26][29] - The company is preparing for a significant step-up in financials in 2026 due to new media rights deals and increased site fees [30][31] Other Important Information - The company announced a 100% increase in its quarterly cash dividend program, with the first payment of approximately $150 million made on September 30 [24] - A $1 billion stock buyback program was launched, with an ASR agreement to repurchase $800 million of Class A Common Stock [24][25] Q&A Session Summary Question: Why was Paramount chosen as the partner for LATAM and Australia? - Management highlighted the strong brand alignment and marketing plan offered by Paramount, which provided the best rights fee and overall value for the company [36][39] Question: What is the outlook for WWE live events revenue? - Management indicated that both premium live events and weekly events are contributing to revenue growth, with increased ticket prices and capacity [40][42] Question: What is the distribution model with Paramount? - The company plans to sell a significant amount of content to distributors, focusing on maximizing monetization opportunities internationally [45][46] Question: What are the expectations for fighter pay in the UFC? - Management confirmed that there will be an increase in fighter pay, aligning with the margins maintained over the years [49][50] Question: Are there plans for more boxing events beyond the current joint venture? - Management expressed a strong appetite for boxing, with plans for multiple super fights and leveraging Zuffa Boxing to enhance revenue opportunities [53][56] Question: How significant will site fees be in 2026? - Management indicated that site fees will be a major revenue driver, with ongoing discussions for multiple events globally [65][68]
Vegas Loves the New York Knicks. Wall Street, Not So Much
Yahoo Finance· 2025-10-22 14:00
Core Insights - The New York Knicks are entering the 2025-26 season with strong momentum after reaching the Eastern Conference Finals for the first time in 25 years, holding the fourth-best odds to win the 2026 NBA title [1] - Despite the team's success, Madison Square Garden Sports' stock price has only increased by 3.4% over the past year, significantly lagging behind the S&P 500's 15.1% increase [2] - The Knicks are valued at $9.85 billion, while the Rangers are valued at $3.65 billion, totaling $13.5 billion, which is at a 51% discount compared to MSGS's enterprise value of $6.6 billion [3] Company Performance - MSGS's COO expressed confidence in the value of their teams, suggesting that the current stock price does not reflect their true worth [4] - The Knicks experienced a 28% cut in local TV rights fees, yet still generated $620 million in revenue for the 2024-25 season, slightly surpassing the Lakers [5] - The Knicks and Rangers reported a combined loss of $22 million after taxes and interest for the 2024-25 fiscal year, despite the Knicks' playoff success [11] Market Valuation - The value of the Knicks rose by 81% and the Rangers more than doubled over the past five years, while average league values have increased even more rapidly [6] - There is a noted "Dolan discount" affecting MSGS's stock price, as sports teams often trade at significant discounts compared to private valuations [7] - Analysts suggest that MSGS shares are undervalued, with a potential price range between $417 and $425 based on control transactions, compared to the current share price of $224 [14] Investment Sentiment - Analysts covering MSGS are generally positive, with three hold ratings, four buys, and one strong buy, indicating a belief that the gap between private and public valuations will narrow [13] - The controlling shareholder, James Dolan, has indicated no immediate plans to sell the franchises, emphasizing their unique value [14]
Brag House Holdings Merger Partner, House of Doge – The Official Corporate Arm of the Dogecoin Foundation – Becomes Owner and Principal Sponsor of HC Sierre Hockey Club
Globenewswire· 2025-10-22 12:30
Core Insights - House of Doge Inc. has made a strategic investment in HC Sierre, becoming the second largest owner and Principal Sponsor of the Swiss professional hockey club [1] - The partnership aims to merge traditional sports heritage with digital innovation, enhancing fan ownership models and community engagement [3][4] - This investment follows House of Doge's acquisition of U.S. Triestina Calcio 1918, marking a significant expansion into European sports [4][5] Company Overview - House of Doge is the official corporate arm of the Dogecoin Foundation, focused on advancing Dogecoin as a decentralized global currency [9] - The company aims to integrate Dogecoin into everyday commerce through investments in infrastructure and real-world asset tokenization [9] Investment Details - HC Sierre, founded in 1933, competes in the Swiss League and is known for its community roots and passionate supporters [2] - The collaboration will support major projects like the Valais Arena and the club's promotion goals [2] Strategic Goals - The partnership is designed to introduce digital infrastructure and fan-ownership models that align with Dogecoin's community ethos [6] - House of Doge plans to enable cryptocurrency payments for tickets, concessions, and merchandise at HC Sierre's home arena [6] Leadership Perspectives - The CEOs of both House of Doge and Brag House Holdings emphasize the importance of blending community, heritage, and digital innovation in this partnership [4][7] - HC Sierre's leadership views the partnership as a natural alignment between tradition and innovation [8]
Aeon Acquisition I(AESPU) - Prospectus
2025-10-16 23:00
As filed with the U.S. Securities and Exchange Commission on October 16, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeon Acquisition I Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 N/A (Primary Standard Industrial Classification Code Number) | Mitchell S. Nussbaum | Jose Santos | Brandon J. ...
Rogers Launches Dial the Dugout Contests: Blue Jays Fans Can Win 500 Tickets to Each ALCS Home Game
Globenewswire· 2025-10-11 11:00
Core Points - Rogers is giving away 500 free tickets to every Blue Jays home game during the MLB Postseason, with 250 pairs available for each ALCS home game [1][2] - Fans can participate by calling or texting team representatives or posting on social media using the hashtag DialTheDugout [1][2] - The initiative aims to engage fans and enhance their experience during the Postseason [2] Group 1 - Rogers is providing a total of 500 free tickets for Blue Jays home games throughout the MLB Postseason [1] - Each ALCS home game will feature a giveaway of 250 pairs of tickets to fans who engage through the "Dial the Dugout" initiative [1][2] - Fans can also win one of 200 pairs of tickets through pop-up Rogers phones appearing during the ALCS [2] Group 2 - The "Dial the Dugout" campaign allows fans to leave messages that may be featured on social media or shared with the team [2] - Rogers is also offering Blue Jays Postseason tickets to its customers through the Rogers Beyond the Seat program, including a grand prize contest with tickets, airfare, and accommodations [2] - All tickets provided through these promotions are non-transferable [3] Group 3 - Rogers is a leading communications and entertainment company in Canada, publicly traded on the Toronto Stock Exchange and the New York Stock Exchange [4]
Vertiqal Studios and the National Football League Announce Strategic Content Partnership
Prnewswire· 2025-09-30 11:15
Core Insights - Vertiqal Studios Corp. has entered a strategic content agreement with the NFL to utilize official game highlights and news clips in original content series aimed at Gen Z and Millennial audiences [1][2][5] - The partnership aims to enhance the NFL's reach beyond traditional sports programming by creating content that resonates with younger demographics on platforms like TikTok, Snapchat, Instagram, X, and YouTube [2][4] - This collaboration opens new advertising opportunities for brands to engage with deeply connected audiences in a digital-first storytelling environment [3][4] Company Overview - Vertiqal Studios operates one of North America's largest gaming and lifestyle networks on social media, specializing in viral video campaigns and content production [6] - The company manages over 200 channels across various platforms and produces more than 100 pieces of content daily, reaching an audience of over 200 million followers [6] - The partnership with the NFL marks a significant milestone in Vertiqal's evolution as a cross-platform content powerhouse [5]
Byline Bank Announces Sponsorship of Chicago Blackhawks
Globenewswire· 2025-09-29 18:29
Core Points - Byline Bank announces its sponsorship of the Chicago Blackhawks for the 2025-26 season, coinciding with the team's 100th anniversary, highlighting the bank's commitment to the Chicagoland community [1][2] - The partnership will feature Byline Bank branding prominently displayed on rink boards, in-arena signage, and during broadcasts on Chicago Sports Network, enhancing visibility among Blackhawks fans [2] - Research indicates that the Chicago Blackhawks have a large fan base, with fans often being business owners and leaders, aligning with Byline Bank's mission to support local businesses [3] Company Overview - Byline Bank, headquartered in Chicago, is a full-service commercial bank with approximately $9.7 billion in assets and operates 45 branches in the Chicago and Milwaukee metropolitan areas [5] - The bank offers a wide range of banking products and services, including small-ticket equipment leasing solutions, and is recognized as one of the top SBA lenders in the U.S. based on volume for FY2024 [5] - Byline Bank is a member of the FDIC and an Equal Housing Lender, reinforcing its commitment to community banking [5][6]