Tyler ‘Ninja’ Blevins signs with high-powered Creative Arts Agency

Tyler ‘Ninja’ Blevins signs with high-powered Creative Arts Agency

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A month after he returned to Twitch, Tyler “Ninja” Blevins made another strategic career move. 

The esports star has signed with high-powered Hollywood shop Creative Arts Agency (CAA) for representation. 

“Super excited for this next chapter in my career,” Blevins tweeted. “Officially signed with CAA!.”

In a July interview with The Hollywood Reporter, which first reported CAA signing the Fortnite legend, Blevins said he wants to try his hand at producing, acting and other entertainment ventures. 

Blevins skyrocketed to gaming fame by becoming the most popular creator (16 million followers) on Twitch. His Fortnite streams with stars from all spheres of society and dyed hair led to a cover on “ESPN: The Magazine” and other opportunities, which he’s looking to explore with CAA representing him now. 

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The 29-year-old will have a cameo role in an upcoming Ryan Reynolds film.

Microsoft temporarily stole “Ninja” by making him the face of its streaming platform, Mixer, until this summer. He returned to Twitch on a multiyear deal. 

Follow Chris Bumbaca on Twitter @BOOMbaca.

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M1 Finance closes $45M Series C mere months after it raised its $33M Series B

M1 Finance closes $45M Series C mere months after it raised its $33M Series B

Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C.

The new financing event was led by Left Lane Capital, the same investor that led M1’s Series B. Bear in mind that so-called inside rounds are now a bullish sign in 2020, as opposed to in prior VC eras when they were viewed more cooly. Other M1 investors include Jump Capital, Clocktower Technology Ventures and Chicago Ventures, though only the first two appear to have taken part in this round.

Per M1, the Series C comes just 120 days after it raised a Series B. A good question is why M1 has raised more capital, and why Left Lane Capital wanted to lead two rounds for the consumer-focused fintech provider. Going back to our prior coverage, we can figure it out.

In February, we reported that M1 Finance had reached the $1 billion assets under management mark, or AUM.

The startup combines three different traditional fintech services into one (roboadvising, neobanking and lending), allowing it to price the package aggressively. The model appears to be working. When M1 raised its Series B a few months later in June, it had reached the $1.45 billion AUM, or about 45% growth in just over a quarter. That’s very good.

Today, the company announced that it has surpassed the $2 billion AUM mark, up more than 38% in the last four months.

M1 posted slower AUM growth in percentage terms and greater growth in raw AUM over a similar time frame heading into its Series C. But regardless of that nuance, the company’s AUM grew quickly.

That fact helps explain its new round. If you were Left Lane Capital, had just led a round into the company, and then watched it keep growing rapidly,

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Atlanta Braves Sputter in Stock Market Amid a March Toward World Series

Atlanta Braves Sputter in Stock Market Amid a March Toward World Series

(Bloomberg) — The Atlanta Braves are on a big winning streak. But the company that owns the team isn’t faring as well in the stock market as the baseball club is on the field.

With the global pandemic necessitating a shortened baseball season that saw fans outlawed from attending games in person, shares of Liberty Media Corp.’s baseball assets, commonly known as Liberty Braves, remain about 27% lower than their pre-pandemic high. Second-quarter revenue fell by 95% due to the loss of games and the restriction on fans.

Still a group of investors, spurred on by the recent sale of the New York Mets and the spread of legalized sports gambling, see the potential for a windfall profit.



Liberty Braves shares have yet to recover from pandemic plummet


© Bloomberg
Liberty Braves shares have yet to recover from pandemic plummet

Investors like Hawk Ridge Capital Management and Shapiro Capital Management were lapping up shares even while the fate of the baseball season was still up in the air.

“We don’t think there’s any permanent impairment to the value of sports franchises,” said Hawk Ridge founder David Brown. “That view is bolstered by the recent transaction with the Mets and the Red Sox rumor.”

The Mets are set to be sold to hedge fund titan Steve Cohen in a deal that values the franchise at a record $2.42 billion. Fenway Sports Group, which owns the Boston Red Sox, is reported to be in talks with RedBall Acquisition Corp. to go public through a merger that would value its holdings, which also include Liverpool Football Club, at a valuation of $8 billion, including debt.

Brown also cited the uptick in sports gambling and the opportunity for the Braves to strike a more lucrative television deal once their current agreement with Sinclair Broadcasting ends in 2027 as reasons for buying the stock.

Hawk

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How Tape London Became A Creative Hub For The UK Scene

How Tape London Became A Creative Hub For The UK Scene

During the COVID-19 pandemic, many of the UK’s 1600-plus nightclubs and live music venues were facing indefinite closure before the government stepped in with a grant to keep them open. The pandemic hit the industry hard, and it may take months—years even—for normality to fully resume.  

For West London’s Tape London, however, their plan to merge nightlife with the music business has allowed them to shift their focus away from hosting hedonistic nights and towards their long-term goal of creating music in the same building. With producers on their roster and a recording studio next door, Tape has been able to bring to life the idea of having artists partying in the club and then recording tracks with them in the very same night. Their advanced studio features the only pair of PMC QB1 XBD speakers in the UK, which allow for crystal-clear audio to be pumped out in a soundproof room that blocks out the sound you typically hear in other parts of a club.

The late Pop Smoke, Migos, Ludacris and Stormzy are just a few of the rap elite that have made music in Tape’s studio off the back of partying in the club, while the likes of Drake, Travis Scott, Future, Ella Mai, Koffee and Cardi B have performed live in front of small crowds of around 300, the club’s capacity. One night last year, AJ Tracey, MoStack and Steel Banglez were partying at Tape with their respective crews and, somehow, the stars aligned and they ended up hitting the studio next door. The end result was the chart-invading “Fashion Week”, which in-house producers The Elements had a big hand in. The track peaked at No. 7 and spent 15 weeks in the official singles chart. Tape was also involved in another recent hit: Tion Wayne,

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Stocks slightly higher as bank earnings come in mixed

Stocks slightly higher as bank earnings come in mixed

Stocks ticked up Wednesday morning as a host of major banks released a mixed set of quarterly results.

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Dow component Goldman Sachs (GS) on Wednesday reported third-quarter results that well exceeded consensus estimates, as investment banking and fixed income trading revenue each grew over last year and topped expectations. The trading boost Goldman Sachs and other banks including JPMorgan Chase and Citigroup but it did not extend to Bank of America (BAC), which posted lighter-than-expected trading revenue from stocks and bonds, and a miss on overall revenue compared to estimates. Bank of America also built its credit reserves during the quarter, adding more padding in case of potential customer loan defaults amid the pandemic.

At Wells Fargo (WFC), the company swung back to a quarterly profit in the third quarter after a loss in the second, though income missed expectations and was pressured by low rates, and activity overall remained low as both loans and deposits declined.

Meanwhile, lackluster prospects for more stimulus and concerns over the timeline for developing a COVID-19 vaccine and treatment weighed on investors. Each of the S&P 500, Dow and Nasdaq declined for the first time in five sessions as of Tuesday’s close.

An impasse among U.S. lawmakers in Washington has kept hopes running low that more virus relief aid will come to fruition before the November election. Senate Majority Leader Mitch McConnell said Tuesday he will have the Senate take up relief legislation after the chamber’s return on Monday, with his narrower proposal set to include funds chiefly targeted to the Paycheck Protection Program. House Speaker Nancy Pelosi, however, has rejected slimmed-down stimulus proposals and deemed them inadequate, and even President Donald Trump said on Tuesday on Twitter to “Go big or go home!!!” for more stimulus.

Meanwhile, a pair of front-runners

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