Connect with us

World News

Kobe Bryant estate makes $400 million from BodyArmor sale to Coca-Cola

Published

on

kobe

Kobe Bryant’s family continues to benefit from the late NBA legend’s smart investments. On Monday (Nov. 1), Coca-Cola announced it spent $5.6 billion to purchase the remaining 85 percent controlling stake in BodyArmor, which Bryant was a major investor in. The beverage giant made the announcement at exactly 8:24 a.m. PST in honor of the Los Angeles Lakers star.

According to The Wall Street Journal, Bryant’s estate made around $400 million from the sale. Bryant was an early investor in BodyArmor, purchasing a 10 percent stake in the company for $6 million in March of 2014. At the time, the celebrated basketball player was the third-largest investor in the brand.

“If it wasn’t for Kobe Bryant’s vision and belief, BodyArmor would not have been able to achieve the success we had,” BodyArmor co-founder Mike Repole said in a statement.

The BodyArmor sale reportedly marks Coke’s largest beverage brand acquisition to date. The company previously bought Glaceau SmartWater for $4.1 billion in 2007 and spent $5.1 billion to buy Costa Coffee in 2018. That same year, Coke bought its initial 15 percent stake in BodyArmor, becoming the brand’s second-largest shareholder just above Bryant.

On Monday, Coca-Cola North America President Alfredo Rivera said the company is now planning BodyArmor’s “next stage of growth” and expects the brand to generate around $1.4 billion in sales this year. BodyArmor is currently the No. 2 sports drink, Coke said, following behind only Gatorade. The No. 3 sports drink is Powerade, which Coke also owns.

Vanessa Bryant, Bryant’s wife, has worked to keep her husband’s legacy alive and has managed several of his business ventures since his tragic death. Last month, she filed a trademark application for “KB24” in plans to launch a multi-media sports enterprise, which will reportedly include sports cards, food and drink containers and T-shirts.

Bryant, his 13-year-old daughter Gianna and seven others sadly passed away last January in a helicopter crash while en route to the Mamba Sports Academy for a basketball game.

Source: Revolt

Advertisement

World News

Splash House Announces Dates for 10 Year Anniversary Season

Published

on

Splash House Announces Dates for 10 Year Anniversary Season

For the last ten years, Splash House has continually redefined the summer festival, fostering a boutique experience in the heart of Palm Springs, ahead of its time music curation, and devout community. In celebration of this milestone, Splash House 2023 returns this summer for its second triple-weekender season June 9-11, August 11-13, and August 18-20.

The event has evolved from a renegade poolside weekender into one of the most in-demand dance music festivals in North America, all the while retaining a distinct sense of style rooted in the culture and allure of Palm Springs. Vast desert landscapes and unique accommodations at the Renaissance, Margaritaville, and Saguaro Hotels converge with fashion-forward audiences and forward-thinking musical bookings to create a new way to experience the travel hotspot.

In turn, Splash House has attracted a new generation of travelers to the desert city, which saw an economic impact of $6.7M per weekend from the three event weekends alone in 2022.

Chairman of PS Resorts Aftab Dada said on Splash House’s decade-long role in driving youth travel in the area, “Splash House is a home grown and incredibly successful music event for the City of Palm Springs and our destination. It has revitalized tourism in our slow summer months and attracted a younger generation. The festival is proof that Palm Springs is a destination for all ages”.

Scott White, President & CEO of Visit Greater Palm Springs added, “Splash House was a game-changer 10 years ago, attracting new visitors to Greater Palm Springs during our Summer months. We are excited about their continued success and the important economic impact this event has on our community”.

It remains the ease and comfort of the Splash House experience that makes it a favorite amongst its dedicated followers. All packages come with festival passes, a three-night stay at any of the three host resorts, and shuttle transportation between venues. Guests can relax in the comfort of a poolside room or catch their favorite artists from the balcony before making their way down to the dance floor.

At night, attendees can experience After Hours programming at the Palm Springs Air Museum while enjoying an open-air dance floor and witnessing artists perform alongside historic aircrafts, all backdropped by the San Jacinto Mountains.

As a barometer for what’s next in electronic music, Splash House has hosted acts like RÜFÜS DU SOL, Flume, and Classixx before they hit the world’s stage, alongside global selectors like The Blessed Madonna, DJ Harvey, Dom Dolla, TOKiMONSTA, Kaytranada, and more.

Presale passes and hotel packages for all three weekends will be available to purchase on Thurs, February 9 at 12PM PT. Those interested can register for the presale now on their site. Check out all pass types and hotel package options on splashhouse.com. Alumni Access returners get first access at hotel packages and passes and can check their status on the website. GA passes start at $165 + fees and hotel packages start at $1,000 + fees. Guests must be 21+ in order to purchase.

Continue Reading

Listen

Dreamville/Interscope Records Exec Produce “CREED III” Soundtrack — “Ma Boy” by J.I.D & Lute Out Now

Published

on

unnamed 9
Dreamville will executive produce the official soundtrack to CREED III alongside Proximity Media (Ryan Coogler, Ludwig Göransson, Archie Davis), Outlier Society (Michael B. Jordan) and Executive Music Producer Frank Brim. The acclaimed franchise’s third installment was directed by Michael B. Jordan and will feature music from artists within the Dreamville roster and beyond. At store turn tonight, fans will receive a taste of what to expect from the sonic world of CREED III with the release of brand-new track “Ma Boy” featuring Dreamville’s J.I.D and Lute. To listen to the explosive new collaboration later tonight, pre-save the link here: https://dreamville.lnk.to/MaBoy
Dreamville/Interscope Records worked closely with the franchise’s producers MGM, Proximity and Outlier to create a musical experience that fit not just the film’s needs but one that will be celebrated as its own piece of art — inspired by both the film and the coming together of various artists on a soundtrack that matches the film’s acclaim and impact on community and culture. The soundtrack will be released on March 3rd on Dreamville/Interscope Records alongside the film’s theatrical release.
Founded by Grammy Award-winning and multi-platinum hip-hop artist J. Cole in 2007, the organization is home to Dreamville Records, a critically acclaimed and commercially successful record label distributed in partnership with Interscope Records. Dreamville Records is currently home to a variety of both established and up-and-coming music artists, including J Cole, J.I.D, Ari Lennox, Bas, EarthGang, Cozz, Lute, and Omen. Dreamville has now evolved into the modern multidisciplinary entertainment and media company, Dreamville Ventures, which serves as the parent company to the aforementioned record label, as well as Studios, Apparel, Impact, and Festival divisions. As a diversified cultural hub, Dreamville continues to cultivate and create music, content, live events, and fashion as well as compelling ad campaigns with the industry’s biggest brands.
Combining the legacies of three of the most influential record labels in modern music history, Interscope Geffen A&M embarked on a new tradition of musical achievement with its unification on January 1, 1999.  Headed by Chairman and CEO John Janick, Interscope Geffen A&M is a major force in global music, developing chart-topping artists across a wide range of musical genres. Interscope Geffen A&M is part of Universal Music Group, the world’s largest music company. www.interscope.com
 
Metro Goldwyn Mayer (MGM) is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content as well as the premium pay television network MGM+, which is available throughout the U.S. via cable, satellite, telco and digital distributors.  In addition, MGM has investments in numerous other television channels, digital platforms and interactive ventures and is producing premium short-form content for distribution. For more information, visit www.mgm.com.
Continue Reading

World News

Attempted rape charge against Man Utd star Greenwood dropped

Published

on

MASON GREENWOOD

Charges of attempted rape and assault have been dropped against Manchester United footballer Mason Greenwood. (more…)

Continue Reading

World News

Ne-Yo to pay ex-wife Crystal Renay nearly $2 million after finalizing divorce

Published

on

Screenshot 20230202 135049 Chrome

American Singer Ne-Yo‘s divorce from his ex-wife Crystal Renay Smith has just been finalized, and the terms call for him to keep 3 of their 4 homes along with a Bentley, all while paying his ex-wife a lot of money in real estate holdings, a new car, as well as child support and alimony. (more…)

Continue Reading

World News

Missy Elliott makes history as first female hip-hop artist to be nominated in the Rock and Roll Hall of Fame

Published

on

missy elliott

Missy Elliott has made history after it was announced she will be inducted into the Rock & Roll Hall of Fame. (more…)

Continue Reading

World News

Beyoncé ‘hopes to bring Renaissance tour to Ghana’ for rare Africa show

Published

on

126095841 gettyimages 1388259808

Beyonce fans in Africa may not miss out on the Renaissance world tour entirely, as it’s claimed she’s in talks to bring the anticipated show to Ghana. (more…)

Continue Reading

Trending