WNBA set to cash in on rising popularity with $2.2 billion media deal
The WNBA has made great strides. On Tuesday, The Athletic reported on the WNBA’s upcoming media deals. Worth about $2.2 billion in 11 yearsThis marks a groundbreaking financial investment in the women’s league. The NBA negotiated a WNBA media deal alongside its larger media rights deals with Disney (ESPN/ABC), NBC and Amazon, with each of […]
James Dolan lashes out at NBA over $74.6 billion media deal
James Dolan isn’t happy with the NBA’s new revenue-sharing plan and is voicing his dissatisfaction. In a letter to the league’s board of governors, the Knicks owners criticized the new $74.6 billion media deal for making regional sports networks “unviable” and for penalizing franchises like the Knicks that bring in the most revenue and benefiting […]
Universal, Warner, And Sony File $2.6 Billion Anti-Piracy Suit Against Verizon
Universal, Warner and Sony filed a $2.6 billion copyright infringement lawsuit against Verizon on Friday, The Hollywood Reporter (THR) reported. A coalition of major record companies has filed a lawsuit against Verizon, accusing the telecommunications giant of failing to curb copyright infringement among its users. according to Via THR. The lawsuit, filed in New York […]
Bitcoin Whales Unleash Crazy $4.26 Billion Shopping Spree By U.Today – Investing.com
U.Today – According to the latest data from IntoTheBlock, BTC whales took advantage of the recent BTC price drop to significantly increase their holdings by 71,000 BTC this week. The Large Holders Netflow metric, which tracks the activity of investors holding more than 0.1% of Bitcoin’s total supply, shows significant accumulation by these large players. […]
IRS reports collecting $1 billion from rich households’ back taxes – The Washington Post
The IRS announced Wednesday that it has collected $1 billion in taxes and penalties from hundreds of wealthy households who have accumulated years of delinquent tax debt amid a weakening of IRS enforcement. “The tax claims were not even in dispute. Clearly these people owed back taxes,” IRS Commissioner Danny Wuerfel said on a conference […]
Citigroup has now been fined more than half a billion dollars after CEO Jane Fraser staked her tenure on fixing the bank – Fortune
Two government regulators on Wednesday fined Citigroup Inc. $135.6 million for failing to resolve long-running internal control and risk problems, a blow to the bank’s Chief Executive Officer, Jane Fraser, who has staked her career on making the bank leaner and less complex. The penalties were imposed by the Federal Reserve and the Office of […]
Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires – CNBC
Internal Revenue Service Commissioner Danny Wuerfel testifies to the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images “The IRS has collected $1 billion from billionaires, successfully launching a strategic new program and demonstrating that we can achieve the greatest return on investment,” Treasury […]
$1.13 billion Mega Millions jackpot in NJ remains unclaimed months after drawing
Check your pockets! The winner who bought a $1.13 billion Mega Millions ticket at a New Jersey liquor store in March has yet to claim the prize, the largest in the state’s history, lottery officials said. The life-changing jackpot, the fifth largest in Mega Millions history, with a total prize of $537.5 million, was purchased […]
Biden Green Loan Czar To Shell Out Over $1 Billion To Firm Linked To His Old Trade Group — And His Current Office
The Biden administration’s green loan czar is looking to loan more than $1 billion to a green technology company that is connected to his old trade association and his current federal office. Department of Energy (DOE) Loan Programs Office (LPO) Director Jigar Shah announced Tuesday that his office has reached a conditional commitment to loan […]
Feds unlikely to claw back Washington’s $1.1 billion in mishandled funds: Auditors
(The Center Square) – Despite a recent audit finding Washington state agencies mishandling more than $1 billion in federal COVID-19 aid, the State Auditor’s Office says it’s not common for federal departments to demand those tax dollars back from the state. A recent report from the SAO found a record 86 issues with how 11 state agencies […]