Excuse me for a moment…hahahahaha! …Okay, I'm back.
back in 2020LeBron James, the self-proclaimed king, co-founded a media company called SpringHill, and the brand brought in $104 million in sales benefits in 2023. But while that may sound like a good number, the company was actually down $28 million that year.
According to a report from bloomberg The $28 million figure isn't the only deficit, with a $17 million loss in 2022, according to documents obtained. Oh, and on top of that, that trend is expected to continue into 2024, with Spring Hill once again predicted. You will lose millions. (Related article: Scottie Pippen helps Elon Musk in a creative way, and the billionaire appears to have won a 'championship')
But that's not all! SpringHill has never made a profit throughout its existence. They were just drinking coffee while I laughed out loud.
Hahahahahahahahaha!
For those who aren't familiar with SpringHill, it produces both movies and TV shows, with its most notable project being the 2021 “Space Jam” remake. The funny movie did badly at the box office.
SpringHill, the media company co-founded by LeBron, lost $28 million last year. It has never been $$.
This week's newsletter looks at how the Hollywood recession is impacting production companies, even those led by some of the world's most famous people.https://t.co/VG0gIjoGzh
— Lucas Shaw (@Lucas_Shaw) December 1, 2024
I can't help but laugh.
LeBron James went from walking around with a cocky, arrogant attitude when everyone was out there, treating the world like his poop didn't stink, to making millions of dollars with jokes about his company. I realize what I've lost.
Of course…because that's LeBron.
