Lebron James Media Company Lost Nearly $30 Million Last Year

📆 04/12/2024 14:50:00

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📆 04/12/2024 14:50:00
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The media company founded by NBA all-star LeBron James reportedly lost nearly $30 million last year and will likely lose millions more.

“The entertainment market shift in 2022/2023 toward profitability brought rising costs, slower buyer decisions, and impacts from industry strikes, prompting us to recalibrate, including writing off underperforming projects to position ourselves for future growth,” Maverick Carter, CEO of SpringHill, told Bloomberg.The company lost $28 million on sales of $104 million last year, according to documents obtained by Bloomberg News.

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LeBron James' media company reportedly lost nearly $30M last yearNBA great LeBron James’ media company lost nearly $30 million last year — and is on pace to lose millions more, according to a report. The 39-year-old Lakers star, who has won four NBA …
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