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This Week's Spotlight: Thankful for Turkey, Sports Deals, and Dad Jokes

Welcome back to the Spotlight! With next week being Thanksgiving here in these United States, I wanted to take a moment to give thanks for my family, my readers (those first two not being mutually exclusive), my clients, my colleagues and the opportunity to return to this space and share my passion (and ramblings, etc.). With that being said, the Spotlight will return in December. But do not despair, good pilgrims– it will all be gravy. I will be stuffing as many corn-y dad jokes into this course. Some of these jokes may seem canned like cranberry sauce, and to those gibs and giblettes that are uninitiated to the Spotlight, it may seem like I am yammering on but when I am done here, you may just end up wanting seconds. So, don’t be a turkey – grab a fork and dig into this week’s fixins’.

    • The latest professional athlete to launch their own sports and entertainment focused venture capital fund (the straightforwardly-named, Build Your Legacy Ventures) is the Milwaukee Bucks’ superstar Giannis Antetokounmpo. For how exciting it must have been to work on the fund formation documents, it must have been at least equally as nerve-wracking to proofread the spelling.
       
    • NBA Hall of Famer and multi-hyphenate big man Shaquille O’Neal forks over $11 million to settle claims against him arising out of his promotion of NFTs. On a separate but related note, McDonald’s is debuting NFT art on its McCafé coffee cups. My unsolicited advice for any potential endorsement partners is to tread lightly--and for McDonald’s, it’s to bring back the Monopoly game (only this time without the fraud).
       
    • Global apparel and tennis equipment brands FILA and HEAD sign 16(!) year old high school tennis player Anna Frey to NIL deals. Congrats, Anna -- that brings me back to the days when I was (unofficially) sponsored by Yoohoo, Axe Body Spray and angst...

For inquiries and/or unabashed compliments, please feel free to contact me at josh.bloomgarden@foster.com or add me on LinkedIn. 


Endorsement Deals, Sponsorships & Investments

Giannis Antetokounmpo launches venture capital fund for investments in sports and entertainment
November 21, 2024 via AP News

High School Tennis Phenom Anna Frey Inks Two New Global NIL Deals
November 21, 2024 via Forbes
 
NBA star Shaq agrees to pay $11 million to settle long simmering class action lawsuit over promoting NFTs
November 19, 2024 via Block Crypto
 
Teremana: UK consumers ‘not as cynical’ as expected
November 19, 2024 via Spirits Business
 
Angel City Signs NYX Makeup Brand as Sleeve Partner
November 19, 2024 via Sportico
 
As Bluesky Booms, Sports Fans Don’t Need to Migrate From X—Yet
November 19, 2024 via Sportico
 
Fanstake Unveils Fan-Driven NIL Platform, Enabling Fans to Recruit and Retain Their Favorite College Athletes
November 18, 2024 via Business Wire

McDonald’s Is Trying to Bring Back NFTs
November 15, 2024 via Gizmodo
 


Sports

Caitlin Clark reportedly makes decision on joining new 3-on-3 league
November 21, 2024 via Larry Brown Sports

Commentary: Can WSU keep standout QB John Mateer after reported $1 million offer? - Wed, 20 Nov 2024 PST
November 20, 2024 via Spokesman The Review
 
Texas Tech wants permission to pay college athletes as a part of its recruitment efforts
November 20, 2024 via The Texas Tribune
 
How Army Is Undefeated Despite Shunning College Football NIL And Transfer Portal
November 20, 2024 via Forbes
 
NWSL and Google Pixel Score Women’s Soccer Fans With Pitchside Pics
November 18, 2024 via AdWeek
 


Music Biz

How to Sell Beats
November 19, 2024 via Small Business Trends

Is K-pop Getting Too Saturated for Brand Sponsors to Get the Attention They Want?
November 18, 2024 via AdWeek
 


Film & TV

Stockyards sites proposed for $80 million music campus to support Chicago's film and TV industry
November 20, 2024 via Crain's Chicago Business
 
Shaun White’s The Snow League And NBC Sports Ink Media Rights Deal
November 19, 2024 via Forbes

AP: 'Inside the NBA' will air on ESPN and ABC as part of settlement between WBD and NBA
November 17, 2024 via ABC 10

Tyson-Paul Tech Woes Cast Pall Over Netflix’s Xmas NFL Showcase
November 16, 2024 via Sportico

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The Sports, Arts & Entertainment group at Foster Garvey provides full service legal representation on sports, entertainment and business matters, including handling transactions related to brand management, licensing, joint ventures, venture capital, private equity, technology, the Internet and new media.
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