About Boardroom

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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October 31, 2023

President Joe Biden Signs Executive Order to Address AI Concerns

President Joe Biden signed a sweeping executive order on artificial intelligence (AI) on Monday, focused on regulating the emerging technology and managing its risks. Per Forbes, the order includes several new actions, which focus on areas like safety, privacy, protecting workers, and protecting innovation. Although 15 major American tech companies have agreed to enforce voluntary AI safety measures, a White House official argued that it is “not enough,” and this proposal is a step toward concrete regulation for AI’s evolution.

Read more on the announcement from Boardroom’s Michelai Graham.

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Elon Musk Values X at $19B a Year After Buying Twitter for $44B

X, formerly Twitter, is reportedly offering staffers a stock compensation plan that values the social media platform at $19 billion, or $45 a share, reports The Verge. The assessment represents a 55% drop in the company’s market value since CEO Elon Musk bought the social media company in an all-cash deal last year. The SpaceX founder paid $44 billion in October 2022 for Twitter, or $54.20 per share, which was nearly 40% higher than the company’s stock price. In July, Musk wrote that X was “still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” but did not provide any additional context.

Nebraska’s Lexi Rodriguez Becomes Panini’s First Female NIL Athlete

On Monday, Panini announced it signed Nebraska volleyball star Lexi Rodriguez to a trading card partnership. The junior makes history as Panini’s first-ever female NIL partner athlete. As part of the collab, Rodriguez will participate in Panini NIL marketing initiatives, and her first trading card will launch with Panini Instant, Panini’s real-time direct-to-consumer product that highlights key sports moments. She joins the likes of Texas quarterbacks Quinn Ewers and Arch Manning, Washington’s Michael Penix Jr. and Rome Odunze, among others in the Panini NIL family. Earlier this year, the Nebraska volleyball team set the world record for highest attendance at a women’s sporting event when 92,003 packed Memorial Stadium to watch the five-time NCAA champions beat Omaha.

McDonald's, Chipotle to Raise Menu Prices in California Next Year

In order to offset the minimum wage increase for fast-food workers, McDonald’s and Chipotle Mexican Grill will raise their menu prices in California next year, CNBC writes. Chipotle, which is headquartered in Newport Beach, has increased prices four times since June 2021. The most recent price increase of 3% was earlier this month. McDonald’s has not decided how much it will hike prices, but Chipotle, while not yet decided, expects a “mid-to-high single-digit” percentage surge. Chipotle shares rose 3.8% in pre-market trading on Friday, and profits grew 11% to $2.47 billion as same-store sales rose 5%, which is slightly higher than estimates of 4.37%.

All 30 NBA Teams Get New Court Designs for In-season Tournament

The NBA‘s new in-season tournament will feature new court designs to highlight all 30 teams. The league shared all the designs on X, and the looks match each team’s City Edition jerseys, some of which still have not officially dropped. They also feature the In-Season Tournament trophy, the NBA Cup, at center court and on both sides in the paint. The inaugural NBA competition begins on Friday, Nov. 3. Group play games will be played on Tuesdays and Fridays before the quarterfinals begin on Dec. 4-5. From there, the tournament will head to T-Mobile Arena in Las Vegas for the semifinals on Dec. 7 and the championship on Dec. 9.

Kendrick Lamar’s pgLang Unveils Limited-edition Cell Phone

Kendrick Lamar and Dave Free‘s creative brand, pgLang, has partnered with tech company Light on a new phone. A limited, one-time drop of 250 devices will be available for purchase at pgLang’s website on Nov. 2. The 4G LTE mobile provides calling and texting. It can also function as a hotspot but doesn’t have the capacity for emails, internet browsing, or social media. This is a part of pgLang’s intention to “embrace the present with less distractions,” the company says. It’s unclear how much the phones will cost.