business
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Quality Control has been acquired for a reported $300 million by the Scooter Braun-headed HYBE America. “The company is a division of the South Korean entertainment firm HYBE, which dominates the K-pop world through its management of the superstar group BTS,” writes the New York Times, noting the official purchase price wasn’t made public. “QC is […]
Dr. Dre is reportedly headed toward a huge payday. According to Billboard, the 57-year-old hip-hop mogul is preparing to sell a portion of his music assets for more than $200 million. Sources say the assets generate about $1 million annually, and will be sold in two separate deals; one with Shamrock Holdings and the other with Universal Music Group. […]
James “Buster” Corley, known for being a co-founder of Dave & Buster’s, died this week in Texas at the age of 72. According to reports, including one from regional outlet WFAA, police in Dallas initially responded to Corley’s home near the White Rock Lake area on Monday and found a man later identified as Corley with […]
Premium fitness chain Equinox pulled a stunt on Sunday announcing it would not accept new members on Jan. 1, 2023. “January is a language we don’t understand,” read a post from Equinox. “A fantasy, delivered to your door in a pastel colored box. It talks about change. It wants you to start something when you should be […]
Deliciousness-drenched donuts from a certain crafter of comforts will soon count robots among those responsible for their sultry sweetness. As Krispy Kreme CEO Mike Tattersfield recently revealed in an interview with Yahoo Finance Live, automation will be implemented in connection with various donut-related tasks in the coming year. “So probably within the next 18 months you’ll […]
As made clear in the early days of the Elon Musk era of Twitter, the platform’s unique status among social media offerings is changing rapidly, with many longtime users expressing mounting frustrations over looming changes. This has been coupled, of course, with a shared feeling of grief brought on by the realization that Twitter (or […]
The Microsoft–Activision deal may be in jeopardy. According to the New York Times, the Federal Trade Commission has filed an antitrust lawsuit to block Microsoft’s acquisition of the popular video game-maker. The tech giant announced the $69 billion deal at the top of the year, claiming the move would expand its Xbox Cloud Gaming service and help it compete with leading […]
Elon Musk posted a tweet on Wednesday in which he acknowledged that Twitter will go through some growing pains in the near future. “Please note that Twitter will do lots of dumb things in coming months,” Musk wrote. “We will keep what works & change what doesn’t.” According to Deadline, Musk struck a similar tone while speaking […]
Elon Musk is apparently cleaning house. According to the Washington Post, the billionaire tech mogul completed his Twitter acquisition on Thursday night, following months of legal threats and skirmishes. Sources told the outlet that Musk wasted little time making his first big moves as the platform’s sole owner, and immediately terminated some top executives: chief financial officer Ned Segal; Vijaya Gadde, head […]
Fanatics is adding an assortment of new and familiar names to the ownership group behind the recently acquired Mitchell & Ness brand. This week, Fanatics owner Michael Rubin unveiled the list of names new to the investment team during an appearance at the Wall Street Journal’s Tech Live event. LeBron James, Kevin Durant, Chris Paul, CJ McCollum, […]
