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January 12, 2023

Dr. Dre Cashes in on Catalog with $200M+ Deal

Turns out that people have not, in fact, forgot about Dre. The West Coast rap pioneer is reported to have sold a portion of his catalog to Universal Music Group and Shamrock Holdings. Dr. Dre brought his property to market, seeking $250 million. Although the deal is not finalized at this time, inside sources note that the final figure will come short of that, but is greater than $200 million. In return, the collection – which includes masters of The Chronic, as well as his royalties from his days with N.W.A., his own music, and his producing efforts – is expected to bring in approximately $10 million per year. The deal will go through as two separate transactions, leaving UMG and Shamrock with distinct holdings. The news comes on the heels of the announcement that Dre will be honored alongside Missy Elliot and Lil Wayne by the Recording Academy and the Black Music Collective at an event leading into next month’s Grammy Awards.

Disney Looks to Rebound with Nike Exec

The past several years have been good to Nike. The Swoosh has seen its profits grow, even amidst an unstable market and challenging supply chain issues. Now, Disney is hoping to replicate some of that fiscal magic after a challenging year. Upon Bob Iger’s return, the House of Mouse is eyeing its board of directors as its next area for change. It has appointed the Beaverton brand’s executive chairman, Mark Parker, as the chairman of the board of directors. The former Nike CEO brings extensive industry experience and will succeed Susan Arnold at the company’s next meeting. 

Warriors’ Bob Myers Examines the Building Blocks of Leadership with New Pod

Bob Myers is no stranger to winning. The Warriors’ President of Basketball Operations and GM has served as the architect of the Warriors’ dynamite decade. He’s taking his thoughts on leadership to the masses. The two-time NBA Executive of the Year announced his new podcast, Lead by Example with Bob Myers, produced in partnership with Omaha Productions and ESPN. According to a release, the show will allow “Myers [to] sit down with leaders from every walk of life – from sports and entrepreneurship to politics and entertainment – to share in their experiences and the lessons they learned in their journey.” The season lineup will include Adam Silver, Disney’s Bob Iger, and many more, and will kick off on Jan. 17 with Stephen Curry.

Tyrese Maxey Inks Shoe Deal with New Balance

Tyrese Maxey has officially signed a multi-year deal with New Balance as the first official footwear sponsorship of his career. The 76ers standout joins a growing roster for the Massachusetts-based company, which includes Jamal Murray, Darius Bazley, Dejounte Murray, Zach LaVine, and  Aaron Nesmith. Maxey turned heads as he swapped his trusted Nikes for New Balances to tip off this season, and he hasn’t turned back. The two made the deal official on Wednesday. 

Boardroom’s Griffin Adams takes a look at ins and out of the new deal.

‘Did We Win?’: Damar Hamlin Files Trademarks 

Damar Hamlin’s comeback story is something out of a storybook. After a terrifying moment on the field, the Bills star was released from a Buffalo hospital on Wednesday and will continue his recovery from a cardiac event at home. But even while on the mend, Hamlin is looking to commemorate his hardship, turning it into a positive. Josh Gerben reports that Hamlin filed two trademarks for “Did we win?” and “Three is back.” Hamlin intends to use the trademarks to offer clothing, motivational speaking services, athletic training services, posters, pens, pins, and mugs.

Boardroom’s Anthony Puccio has all the details. 

‘Abbott Elementary’ Follows Golden Globes Glory with Season Three Renewal

Things keep getting better for Quinta Brunson. The creator and star of the ABC hit show Abbott Elementary will stay busy, as the network offered the program an early renewal. Brunson and her co-stars entered this week’s Golden Globes as the top-nominated program for the evening and walked out with three awards. However, Brunson has been generous with her wins. Just last week, she announced a partnership with DonorsChoose to bring $1 million in donations to school teachers across the country.