Michael Jordan’s 1998 NBA Finals Jersey Sets Auction Record at $12.3M
Michael Jordan’s jersey from Game 3 of the 1998 NBA Finals sold for $12,260,000 through Joopiter, the auction platform founded by Pharrell Williams, setting a new record for the most expensive NBA jersey ever sold. The Game 3 jersey, worn during Jordan’s final championship season with the Chicago Bulls, surpassed the previous mark of $10.1 million for another MJ jersey from the same Finals. Babe Ruth’s 1932 “called shot” jersey still holds the overall record at $24.1 million.
Paramount-WBD Deal Cleared to Close After Judge Approves Settlement
Paramount’s $110 billion acquisition of Warner Bros. Discovery has cleared its final legal hurdle after a federal judge approved a settlement with 12 state attorneys general who sued to block the deal. The agreement includes legally enforceable commitments around theatrical releases, CNN and CBS editorial oversight, and separate negotiations with cable distributors. Paramount is now expected to move quickly toward closing, potentially as soon as Oct. 5, with the company already preparing $44 billion in debt financing.
Mattel Names Condé Nast CEO Roger Lynch as New Chief
Roger Lynch is leaving Condé Nast to become Mattel’s new CEO and chairman, succeeding Ynon Kreiz after eight years at the toy giant. Lynch, who has served on Mattel’s board since 2018, will leave his role leading Condé Nast, the publisher behind Vogue, The New Yorker, Vanity Fair, and Wired. Kreiz helped expand Mattel beyond toys and into entertainment, most notably with Barbie, which grossed more than $1.4 billion worldwide. An upcoming Hot Wheels movie is also in development.
David Beckham Fronts New Fall Boss Collection
Fresh off a high-profile World Cup summer that saw David Beckham appear across a string of major campaigns, the former soccer star is back with his latest Boss collection. The Fall 2026 line channels his British background through heritage fabrics, relaxed silhouettes, knitwear, outerwear, and tailoring. Beckham, creative style director for Boss by Beckham, also fronts the campaign, which draws from his life in the British countryside. The collection launches Wednesday.
Apple Set for Big October With Smart Home, iPhone Duo Launches
Apple is set to enter the smart-home market on Oct. 13 with its long-delayed hub, a roughly six-inch display designed to recognize household members and surface personalized content through a new Siri AI experience. Apple is also expected to unveil updated HomePod mini and Apple TV models. Meanwhile, the company’s first foldable iPhone, the iPhone Duo, follows on Oct. 23, starting at $1,999.
Ken Griffin Pledges $3B to Carnegie Mellon for New Miami Campus
Citadel CEO Ken Griffin has pledged $3 billion to Carnegie Mellon University, which calls it the largest individual gift in higher education history. The donation includes $2 billion to establish a new 35-acre CMU campus in Miami’s Wynwood neighborhood, with construction expected to begin in 2027 and students arriving in 2028. The campus is projected to eventually serve more than 3,500 students, with programs focused on areas including climate resilience and national security.
2026 World Cup Generated $2B in NYC Economic Impact
Mayor Zohran Mamdani revealed the 2026 FIFA World Cup generated $2 billion in economic impact for New York City, including $1.2 billion in visitor spending and $162 million in tournament operations. The event supported an estimated 12,100 jobs across hospitality, food service, retail, and other industries. Across the New York-New Jersey region, the tournament generated $3.5 billion, exceeding the initial $3.3 billion projection.
Jennifer Lawrence Lands Lead in Zach Cregger’s ‘The Flood’
Jennifer Lawrence will star in Zach Cregger’s sci-fi thriller The Flood, which New Line and Warner Bros. will release in theaters on Aug. 11, 2028. Cregger, whose Weapons became an Oscar-winning breakout, wrote the screenplay based on his own original idea and will also direct and produce. Production is expected to begin in Europe in early 2027, with Amblin Entertainment and Vertigo Entertainment also producing. Lawrence most recently earned a Golden Globe nomination for Die My Love.
Kai Cenat, Druski, & Kevin Hart Drop ‘Livestream From Hell’ on Prime Video
Kai Cenat, Druski, and Kevin Hart’s Livestream From Hell has landed on Prime Video, arriving Wednesday as a surprise release ahead of Halloween. The comedy-horror film follows a livestream at Cenat’s mansion that spirals after a murder mystery unfolds. Directed by David Janoff and produced by Hartbeat, 4lifers Entertainment, and OBB Pictures, the movie also features cameos from Kel Mitchell, Duke Dennis, La La Anthony, Winnie Harlow, and Marshawn Lynch.
OpenAI Targets $30B Funding Round at $1.4T Valuation
OpenAI is reportedly targeting at least $30 billion in new funding at a roughly $1.4 trillion valuation, as the AI company delays plans for an IPO. The potential round would provide additional capital as OpenAI continues to scale its business, with revenue run rate recently topping $40 billion. CEO Sam Altman said the company wants to avoid the pressure of going public while it adjusts to new AI capabilities and heightened safety demands.
Disney Layoffs Surpass 1K Under New CEO Josh D’Amaro
Disney is cutting roughly 300 jobs, primarily across its human resources and technology teams, in the latest round of layoffs under CEO Josh D’Amaro. The company has eliminated more than 1,000 roles since D’Amaro took over in March, including cuts across corporate functions and divisions such as Pixar and ESPN. Disney flagged additional workforce reductions in its August earnings report as part of a broader effort to lower costs and create room for future investment.
CBS Taps Drew Carey to Host ‘Undercover Boss’ Revival
CBS is expanding its unscripted lineup with a new season of Undercover Boss hosted by Drew Carey, marking the show’s return after leaving the air in 2022. The network also ordered two new reality series: Stacks of Cash, a game show hosted by Mike O’Malley, and 24 Hour Millionaire, a competition from the executive producers of Big Brother. Undercover Boss and 24 Hour Millionaire are in pre-production, while Stacks of Cash has already been filmed.
Image: Courtesy of Joopiter
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