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Unleashing August: Embracing the Dog Days with Sports and Entertainment

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
 

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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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