Disney is considering betting on sports betting, a market that was worth around $ 67 billion in 2020 and is expected to continue growing. Though the deal is still ongoing, reporter Samson Amore writes that Disney CEO Bob Chapek has hinted at bringing sports betting to ESPN. Can Disney keep its squeaky clean image with the introduction of gambling in its portfolio?
â ï¸ Disney has settled a lawsuit Performed by her “Black Widow” star Scarlett Johansson.
ðµ Warner Music Group has Partnership with JetSynthesys to expand to India.
ð° The Weingart Foundation is Invest 8 million dollars to support organizations working in color communities across Southern California.
â¬ï¸ LA fintech startup Prometheus Alternative Investments raised $ 5 million in seed funding to expand its business.
ð± Cannabis Global, an LA-based cannabis company, has get a mark for his “Comply Bag” for the safe transport of cannabis.
ð Rolls-Royce says it will start production and Sell ââelectric vehicles by the fourth quarter of 2023.
ð¡ PledgeLA is looking for applicants for its 2022 VC summer internship program until October 31st.
ð± Some Samsung smartphones can can now be used to unlock Vehicles like Audi, BMW, Ford and Genesis cars.
Disney has shown an interest in sports betting more than once
CEO Bob Chapek hinted at the Goldman Sachs Communacopia Conference earlier this month that Disney intends to get into sports betting. It’s worth noting that the company acquired a stake in betting site DraftKings when it acquired 21st Century Fox in 2019, but didn’t do much with it. Chapek has suggested that the company is trying to find a way to avoid embedding betting directly on ESPN.
“We know this is very little risk to the company and very little risk to ESPN,” he told investors in April. “I think there is a long way in between [being] embedded in the ESPN business model and out-licensing, right, there is a lot of leeway. “Read more …