RealGM

LeBron James' SpringHill media company lost $28 million on sales of $104 million last year, reports Bloomberg. SpringHill also lost $17 million in 2022 and is on pace to lose millions more again in 2024.

SpringHill recently agreed to a merger with Fulwell 73, the British production outfit behind The Kardashians and the Grammy Awards, a deal that will give the combined company more scale during a challenging business environment.

James started the company with Maverick Carter, who runs the business day to day. SpringHill produced films and TV shows, ran a marketing company, sold apparel and started Uninterrupted, which produces their talk show The Shop. 

James’ involvement helped the company raise $15 million from Warner Bros. in 2015. In 2020, the pair raised $100 million from investors including Guggenheim Partners and Elisabeth Murdoch. A year later, they added RedBird, Nike and the owners of the Boston Red Sox to their investor group in a deal valuing the business at $725 million. The company had less than $80 million in sales at the time and was losing money.

Of course he took money from a Murdoch! He publicly complains about republicans and their policies but privately kisses their asses and takes their money whenever he can, typical LeBron behavior.

RipCityKJ wrote:Of course he took money from a Murdoch! He publicly complains about republicans and their policies but privately kisses their asses and takes their money whenever he can, typical LeBron behavior.

So you expect Bron to only do business ventures with democrats? Why hold him to that standard because he is on record as being critical of Trump? That is a ridiculous double standard. Business is business and Murdoch has a ton of influence in the media space.

Sweet Meat Lew wrote:

RipCityKJ wrote:Of course he took money from a Murdoch! He publicly complains about republicans and their policies but privately kisses their asses and takes their money whenever he can, typical LeBron behavior.

So you expect Bron to only do business ventures with democrats? Why hold him to that standard because he is on record as being critical of Trump? That is a ridiculous double standard. Business is business and Murdoch has a ton of influence in the media space.

Put your money where your mouth is