In a noteworthy development for women’s sports, the startup basketball league Unrivaled has successfully completed a Series A funding round, amassing an impressive $28 million prior to its inaugural season. This achievement adds to the $7 million garnered in an earlier seed round, bringing the league’s total funds raised in 2024 to $35 million. Such
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The emergence of the Unrivaled basketball league marks a significant milestone in the landscape of women’s sports. This new 3×3 professional league is taking definitive steps to revolutionize women’s basketball within the United States, particularly by providing opportunities for women players during the WNBA offseason. The recent announcement of a multi-year partnership with Under Armour
In an age where subscription fatigue is becoming increasingly prominent, Netflix’s foray into ad-supported models has ushered in a significant transformation in the streaming landscape. Since its launch in November 2022, this tier has grown exponentially, boasting 70 million active users worldwide just two years later. The efficacy of this strategy highlights consumer trends favoring
Chinese multinational Hisense has set its sights on becoming the leading television seller in the United States within the next two years, according to Catherine Fang, president of Hisense International. This aspiration comes amid a strategic push to elevate the company’s brand recognition and market presence in North America. This ambitious move is indicative of
The rise of TikTok has transformed various sectors, and finance is no exception. Dubbed #FinTok, this social media platform is overflowing with financial content that ranges from sound investment strategies to dubious money-saving hacks. While it might seem appealing for many, especially younger audiences, the excitement is frequently overshadowed by potential misinformation. A report by
As the National Football League (NFL) season kicks off, automakers are diving back into advertising during football games after a lull in recent years. Companies like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are gearing up to utilize the NFL as a primary advertising platform in the upcoming months. Toyota, in particular,
The business side of professional football is booming, with the average NFL team now worth an impressive $6.49 billion. This valuation takes into account a variety of factors, including revenue, profit, and debt. CNBC’s senior sports reporter, Michael Ozanian, has compiled a list ranking the 32 NFL teams based on their overall franchise value. A
The world of luxury fashion and the Olympics have collided in an unprecedented way with LVMH becoming the first luxury brand to sponsor the Olympic Games. This groundbreaking partnership is not just a simple sponsorship deal; it is a strategic move by LVMH to showcase something never seen before in the history of the Olympics.
Audi, the premium automotive brand owned by Volkswagen, has taken a significant step in expanding its sports investments by becoming the official automotive partner of Inter Miami CF. This multiyear partnership aims to tap into the growing soccer fan base in South Florida, with Inter Miami CF boasting over five million fans in the U.S.
The landscape of women’s soccer ownership is rapidly changing with the increasing interest of private equity investors. Unlike other major U.S. sports leagues, such as Major League Soccer, the National Basketball Association, Major League Baseball, and the National Hockey League, where private equity investors are limited to passive, minority stakes, the National Women’s Soccer League