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December 14, 2023

The NFL Is Brazil Bound in 2024

The NFL is headed to Brazil. On Wednesday, the league announced the first-ever regular-season game to be played in South America. The game will take place in São Paulo at the Corinthians Arena, where the Brazilian soccer team the Sport Club Corinthians plays. However, the league will announce the participating teams early next year. The São Paulo game will be one of five regular season games to be played overseas next year. Three games will be played in London: two at Tottenham Hotspur Stadium, with the third functioning as a Jacksonville Jaguars home game at Wembley Stadium as part of their ongoing partnership. Germany will host the fifth game for a third consecutive year, returning to Allianz Arena in Munich. On Wednesday, NFL clubs also voted to approve an increase in league-operated international games. Beginning in 2025,  there could be up to eight games a year, with new markets under consideration.

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NBA Average Valuation Eclipses $4B, Warriors Hold onto the Top Spot at $8.3B

According to Sportico, the average NBA team is worth $4 billion, a 33% overall increase from 2022. The Golden State Warriors rank as the most valuable team in the league with an $8.3 billion valuation. The figure totals a 10% bump from last year. The New York Knicks took the second position with a $7.4 billion valuation (up 13%). The newly crowned In-Season Tournament champions, the Los Angeles Lakers, charted third with a valuation of $7.34 billion (up 14%). Fourth is the Boston Celtics with a $5.1 billion valuation (up 31%). Rounding out the top five is the Chicago Bulls at $4.8 billion, showcasing an 18% increase from last year.

Virginia Officials Announce Deal to Bring Capitals, Wizards To Virginia

Like the Washington Commanders, the Washington Wizards and Washington Capitals could eventually play their games outside of the nation’s capital. Virginia governor Glenn Youngkin announced that his administration and Monumental Sports and Entertainment, the parent company of the Wizards and Capitals, reached a tentative agreement to move those teams from the District of Columbia. The proposal marks what Youngkin called a new “visionary sports and entertainment venue” in northern Virginia. Per The Washington Post, the proposed new construction would cost $2 billion and include a new arena to be shared by the two teams, a 3,000-seat music venue, hotels, and headquarters for Monumental. Should the proposal be approved, construction could begin in 2025 and the teams would begin play in 2028.

‘Love & Basketball,’ ‘Home Alone’ Included in National Film Registry

Home Alone, Love & Basketball, The Nightmare Before Christmas, and 22 other films have been selected for entry into the Library of Congress National Film Registry. This year’s picks include movies released as early as 1921 (A Movie Trip Through Filmland) to 2013 (20 Feet From Stardom and the year’s Oscar winner for best picture, 12 Years aSlave). Other films selected include Lady and the Tramp, Terminator 2: Judgment Day, and Apollo 13.

Laura Correnti of Giant Spoon Launches Deep Blue, a New Women's Sports Agency

Giant Spoon partner Laura Correnti is shaking up the women’s sports landscape with the launch of Deep Blue Sports + Entertainment, a new company that wants to become the industry’s agency of record. “The Giant Spoon investment allows us, from an infrastructure resource standpoint, to get up quickly but then also have the executional prowess across those four disciplines between strategy, media, creative, experiential, many of which we have industry recognition for,” Correnti told Adweek. A Great White named Deep Blue — the largest shark ever recorded at 20 ft. long — inspired the organization’s name. Expect the firm to take a heavily media-forward approach, focusing on how, where, and why money is being invested in sports. A Deloitte report projects that women’s sports will surpass $1 billion in revenue this year for the first time in history, spotlighting an immense opportunity. 

OpenAI and Axel Springer to Offer News in ChapGPT

OpenAI and global news publisher Axel Springer struck a landmark deal, which allows ChatGPT to summarize news stories from media outlets such as Politico and Business Insider. As part of the agreement, Axios says Axel Springer will provide content from outlets as training data for OpenAI’s large language models. Financial terms of the contract are not available. It marks the first global publishing group agreement for OpenAI, which already boasts affiliations with the Associated Press and the American Journalism Project, a group that supports local publishers.