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Boardroom is a sports, media and entertainment brand co-founded by Kevin Durant and Rich Kleiman and focused on the intersection of sports and entertainment. Boardroom’s flagship media arm features premium video/audio, editorial, daily and weekly newsletters, showcasing how athletes, executives, musicians and creators are moving the business world forward. Boardroom’s ecosystem encompasses B2B events and experiences (such as its renowned NBA and WNBA All-Star events) as well as ticketed conferences such as Game Plan in partnership with CNBC. Our advisory arm serves to consult and connect athletes, brands and executives with our broader network and initiatives.

Recent film and TV projects also under the Boardroom umbrella include the Academy Award-winning Two Distant Strangers (Netflix), the critically acclaimed scripted series SWAGGER (Apple TV+) and Emmy-nominated documentary NYC Point Gods (Showtime).

Boardroom’s sister company, Boardroom Sports Holdings, features investments in emerging sports teams and leagues, including the Major League Pickleball team, the Brooklyn Aces, NWSL champions Gotham FC, and MLS’ Philadelphia Union.

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July 31, 2024
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Underdog Fantasy shared Wednesday that Bill Belichick will host and co-produce a new football show on its media platform. According to Belichick, viewers should expect “a comprehensive look at the behind-the-scenes of the National Football League: what it’s like to coach, how to prepare, how to team build, exactly the way I would do it if I was coaching a team.” The eight-time Super Bowl champion’s program will premiere ahead of the 2024 NFL season and will air on YouTube.

Meta is looking towards an AI-fueled future. Although it shut down its emerging program featuring celebrity voices as part of its AI rollout, it is investing heavily in AI features to help evolve its products. The social media giant reported its Q2 earnings on Wednesday, which featured a greater-than-expected bump in both revenue and ad sales and a boost in its expected third-quarter guidance, which is projected between $38.5 billion and $41 billion. Additionally, the report showed that users across its platforms — including Instagram, WhatsApp, and Facebook — rose 7% to 3.27 billion.

Everyone is tuned into the Olympics, making this year’s games a no-brainer for ad placements. NBCUniversal reports that it has set a new mark for ad sales, eclipsing $1.25 billion. While this year’s competitions include familiar brands like Nike and Coca-Cola, NBCUniversal reports that the final figure will include nearly $500 million for first-time advertisers.

Two youth tennis players — Nicholas Pedraza and Sydney Wright — from the Junior Tennis Champions Center (JTCC) in College Park, Maryland, have been awarded $5,000 grants by the USTA Foundation’s Frances Tiafoe Fund. In conjunction with the USTA Foundation, the charitable arm of the USTA, Tiafoe himself congratulated the recipients via video call. The award will help cover travel, training, equipment expenses, and other academic support needs for the recipients.

It was a successful second quarter for Live Nation, which posted a record $6 billion in revenue, up 7% year-over-year. Additionally, the entertainment company’s operating income was up 21% to $466 million as roughly 39 million fans attended its concerts worldwide. The Ticketmaster division finished the quarter up 3%, while event sponsorship from venues and festivals was up 28% year-to-date. Live Nation, posting its first earnings report since the Justice Department sued the company over antitrust violations, plans on opening 14 more major venues globally in 2024.

In its second fiscal quarter, Adidas experienced an 11% profit increase to €5.82 billion ($6.29 billion). The report released Wednesday also shows sales jumped 16% and its operating profit soared to €346 million ($374 million) compared to €176 million ($190 million) in the prior-year period. While North American sales declined by 7.7%, profits in Europe saw an increase of 19.4%. The company credits the UEFA Euro and Copa América soccer tournaments as catalysts behind the 6% growth in its apparel business

StubHub is accused of deceptive pricing and junk fees in a lawsuit filed against the longstanding ticket exchange platform on Wednesday. The suit, filed in Washington, DC’s Superior Court, claims StubHub uses “drip pricing” to deceive consumers and boost profits. Through this model, the company has reportedly “sold 4.9 million tickets and elicited $118 million in hidden fees in D.C. alone since 2015,” per Variety.

After months of anticipation, the second F1 Arcade is set to open its second United States location in Washington, DC’s Union Market district. Leaning into the nation’s growing fixation with Formula 1, the 17,300-square-foot space will be the largest F1 Arcade location yet, boasting 83 racing simulators for a realistic and immersive driving experience, a global dining that reflects the diversity of drivers on the circuit, and more. The newest F1 arcade is scheduled to open on Oct. 3.

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Griffin Adams

Griffin Adams is an Editor at Boardroom. He's had previous stints with The Athletic and Catena Media, and has also seen his work appear in publications such as USA Today, Sports Illustrated, and MLB.com. A University of Utah graduate, he can be seen obnoxiously cheering on the Utes on Saturdays and is known to Trust The Process as a loyal Philadelphia 76ers fan.