Media and Entertainment Media and Entertainment
Sun, December 8, 2024
Sat, December 7, 2024
[ Sat, Dec 07th 2024 ] - CNN
The must-see documentaries of 2024
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ] - abc13
Video Editor (Part Time)
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ] - New Idea
Maggie Tabberer dies aged 87
[ Thu, Dec 05th 2024 ] - Nieman Journalism Lab
Back to the bundle
Wed, December 4, 2024
Tue, December 3, 2024

LeBron James' Company Announces Massive Loss Amid Financial Struggles


//media-entertainment.news-articles.net/content/ .. unces-massive-loss-amid-financial-struggles.html
Published in Media and Entertainment on Thursday, December 5th 2024 at 23:04 GMT by MSN   Print publication without navigation

  • SpringHill, cofounded by LeBron James and Maverick Carter in 2020, recently revealed its significant financial struggles. The company lost $28 million in 2023 despite doing $104 million in revenue. The company recently merged with Fulwell 73,

LeBron James' company, SpringHill Entertainment, has reported a significant financial loss, amounting to $10.5 million in 2022, despite generating $103.5 million in revenue. This loss comes amidst broader financial struggles for the company, which has been dealing with increased expenses and investments in new projects. SpringHill Entertainment, co-founded by LeBron James and Maverick Carter, has been expanding its portfolio, including a deal with Universal Studios for a theme park attraction and various content production ventures. However, these ambitious moves have not yet translated into profitability, highlighting the challenges of scaling a media and entertainment business in a competitive market.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/general/lebron-james-company-announces-massive-loss-amid-financial-struggles/ar-AA1vmKGX ]

Publication Contributing Sources

Similar Media and Entertainment Publications