Business Rumors

On YouTube, anyone with a viral video can flip a switch to show ads before it plays. Facebook won’t make it that easy, at least not for everyday users. At launch, the company is partnering with “a few dozen” major content creators like the NBA, Hearst, and Fox Sports on its revenue share program. It’s planning to add more partners, but it’s essentially hand picking those publishers, which means they’ll be big publishers with big followings.
Is it true that you took significantly less money to be on Team Jordan? What led to that decision? Jimmy Butler: I’ve always been a fan of Mike and his game. What he did for the game of basketball as a whole, and what he did off the court for it too, whether it was with Hanes or his shoe brand. But I’ve always been a fan of the tennis shoe. So when I got an opportunity to switch from Adidas to Jordan, I just thought it was the right choice, because I’ve never had problems with my feet. I’m not bashing Adidas at all, but I got turf toe one year and rolled my ankles a few times. That’s never happened, whenever I was at Marquette with Jordan or before that, with Nike. So I thought maybe I should go back to that shoe. And then Jordan picked me up.
Did any of your Adidas-wearing teammates [like Derrick Rose] try to convince you to stay on Adidas? Jimmy Butler: No. No. You can’t convince me, once my mind’s made up. They already knew. I was probably telling them halfway through the season, whenever it is, “When this year’s over, y’all can count on not seeing me in Adidas. I’m gonna be straight Jordan-ed out.” Now I’m never wanting to leave Brand Jordan.
Billionaire Mark Cuban has placed a bet on Unikrn, a startup that lets users gamble on esports videogame competitions, as part of a $7 million funding round led by venture-capital firm Binary Capital. The round, which brings Unikrn to a total of $10 million raised, was joined by investors including Advancit Capital, Freelands Group, 500 Startups, Indicator Ventures and Tabcorp, an Australian wagering and media company.
The Milwaukee Bucks announced today a partnership with locally owned and operated Coakley Brothers to become the new official mover and office furniture supplier of the Bucks. A Milwaukee-based company since 1888, Coakley Brothers is an industry leader in both residential and commercial moving services, and has expanded to also offer office furniture supply and installation, facility management, warehousing and other specialty services.
One more strategic financial move was announced by Euroleague today as a multi-year deal was secured with media company IMG. As Euroleague announced there’s “a four-year deal with IMG, a global leader in sports, fashion and media, to represent the former’s fastpath data, live streaming and sponsorship rights in the betting, casino and gaming category for global and aggregated commercialization of the Turkish Airlines Euroleague and Eurocup.
If you’re tired of bundles that force you to pay hundreds of dollars for games you’ll never watch, two new developments might make you happy. First off, the NBA has announced that you can now buy individual games and team packages on its League Pass subscription, a fairly radical move that’s likely to irk cable operators. On another front, DirecTV and the NFL have been slapped with a class-action suit claiming that the NFL Sunday Ticket violates antitrust laws. By offering games à la carte, the NBA is trying to woo fans who don’t want to pay $200 for an all-or-nothing bundle of 1,000 games.
The Nike KD 8 isn’t the only Kevin Durant sneaker being unveiled today. Durant also took to his Instagram to show off this, the Nike KD 8 NSW Lifestyle. Nike Sportswear takes on signature silhouettes have been standard for a couple of years now, and this one follows in that tradition by using minimal branding and a build that’s nothing like the coinciding KD 8. There is no sneaker release date yet for the Lifestyle KD 8.
Bieber has one … so does Jamie Foxx and Chris Brown — but the guy who ignited the biggest sales boom of those new 2-wheeled scooters is Cavs star J.R. Smith … TMZ Sports has learned. It’s called the PhunkeeDuck — a foot-controlled motorized scooter — and Smith was often seen zooming around on one during the NBA Finals … watched by roughly 18.5 million people. We spoke with PhunkeeDuck founder Max Waxman who tells us sales exploded thanks to the NBA Finals exposure … “We did almost as many in sales as we had done in the prior 5 or 6 weeks.”
The NBA Finals, which produced record viewership for ABC, also gave the league its best results in retail and digital categories. The league said that Wednesday, the day after Golden State’s title-winning victory over Cleveland in Game 6, was the highest-selling day in NBAStore.com history, with a triple-digit increase over the record set in 2010 during the Lakers-Celtics finals.
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Square is bringing in Earvin “Magic” Johnson to its board of directors this summer. The former basketball player is one of the most successful business leaders in America and a great get for Square’s board. He is not only an NBA Hall of Fame legend but also a formidable business leader, running the multi-billion-dollar Magic Johnson Enterprises, as well as the Magic Johnson Foundation – a well-recognized philanthropic organization for its work with urban communities. “I am ready to get to work as a member of Square’s Board of Directors so that any business, in any community, can compete and win,” said Johnson in a Square company release.
Mavericks owner Mark Cuban is donating $5 million to Indiana University, his alma mater, for a new technology center that will give students a leg up in the business world and possibly a competitive advantage to Hoosier sports teams. An official announcement came Friday in Bloomington. The new Mark Cuban Center for Sports Media and Technology will be built inside Assembly Hall, where the Hoosiers’ basketball teams play. Cuban says students and coaches will have access to 3-D, multicamera and virtual reality technology, some of which isn’t even available commercially yet. The Dallas Mavericks team owner says he came up with the idea as he looked for ways to give his team a competitive advantage in the NBA, and thought the Hoosiers should have the same advantages.