Sports Illustrated owner sues ex-publisher for missing $48 million payment

The owner of Sports Illustrated sued the magazine’s former publisher for $48 million on Monday, alleging that the company stopped paying its bills as an excuse to negotiate a new licensing deal. A lawsuit filed by Authentic Brands Group in Manhattan federal court alleges that Manoj Bhargava, founder of 5 Hour Energy Drinks and Arena’s […]
Sports Illustrated’s ex-publisher makes bizarre pitch to regain rights — to create SI-branded TV channel: sources
The publisher of Sports Illustrated, which was stripped of its license last month, is pitching to revive the iconic brand even as it continues to dismantle the magazine, and its plans include SI-branded TVs. This includes the creation of a channel, the Post reported. Arena Group, led by Five Hour Energy founder Manoj Bhargava, has […]