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Boardroom is a media network that covers the business of sports, entertainment. From the ways that athletes, executives, musicians and creators are moving the business world forward to new technologies, emerging leagues, and industry trends, Boardroom brings you all the news and insights you need to know...

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October 30, 2023

SKIMS Lands New Partnership with NBA, WNBA, & USA Basketball


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Magic Johnson Joins the Billionaires Club

Magic Johnson is the newest member of the Billionaires Club, according to Forbes. The magazine estimates his wealth at $1.2 billion. The NBA legend expanded his bustling business portfolio earlier this year, adding a minority stake in the Washington Commanders. Other notable investments propelling his wealth include the Los Angeles Dodgers, reigning MLS champions Los Angeles FC, and the LA Sparks. In addition, through his Magic Johnson Enterprises, he has created an empire of movie theaters across the United States. Read more about Johnson’s bustling portfolio from Boardroom.

Taylor Swift’s ‘1989’ Re-release Surges to No. 1, Breaks Spotify Single Day Record

The year of Taylor Swift continues. The singer added her 2014 album 1989 to her re-recorded catalog. The album is on track to outsell the original. It sold the equivalent of 250,000 units on its first day, while also setting a new record for single-day streams on Spotify. The performance extends Swift’s streak of 12 consecutive album debuts-encompassing her originals and re-recorded efforts- at No. 1.

Threads API on the Way

While Threads‘ quest to be the next Twitter may be taking longer than anticipated, the Meta-owned app is making strides to expand its functionality. The head of Instagram, Adam Mosseri, revealed that the app is currently working on a TweetDeck-inspired plug-in. Instagram execs stated last week that it boasts over 100 million active users.

‘Five Nights at Freddy’s’ Opens with Enormous $78M Weekend

Spooky season is upon us. Universal and Blumhouse Studios’ horror production Five Nights at Freddy’s landed the top spot at the box office this weekend.  The film’s $78 million domestic weekend made it the third-largest horror opening in history. It ended Taylor Swift’s Eras Tour reign. Despite the ticket sales slowdown, T Swift surpassed the $200 million marker since its release earlier this month.

FIFA Disciplinary Committee Delivers Three-year Ban for Luis Rubiales

The Spanish women’s national team is ready for its next chapter. Following its World Cup victory, then-president of the Spanish Football Federation, Luis Rubiales, forcibly kissed team star Jenni Hermoso on the pitch. Hermoso filed a criminal complaint, leading Rubiales to step down from his position. Now, a FIFA disciplinary committee extended that punishment, banning him from the sport of soccer, both in country and international service, for three years. FIFA released a statement, which concluded, “FIFA reiterates its absolute commitment to respecting and protecting the integrity of all people and ensuring that the basic rules of decent conduct are upheld.”