NBA great LeBron James’ media company lost nearly $30 million last year — and is on pace to lose millions more, according to a report.
The company — which has produced films like “Space Jam” and “Shooting Stars,” and the talk show “The Shop” — lost $28 million on revenue of $104 million in 2023 and is expected to finish in the red this year, BloombergLeBron James’ production company SpringHill lost nearly $30 million last year and is expected to lose millions more this year.
, the British production outfit behind “The Kardashians” and the Grammy Awards, in a deal that will give the combined firms more scale during a difficult business environment “The new company has the scale, investors and teams needed to adapt to where this change is heading,” Carter said.The LA Lakers star has helped SpringHill raised $100 million in 2020, bringing the firm to a $725 million valuation a year later.Although James’ celebrity helped launch SpringHill, Carter emphasized that its expansion didn’t center on the future hall-of-famer’s success.