VICE Media Group today announced that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved the previously announced asset purchase agreement (“APA”) with a consortium of its lenders (the “Investor Group”). The Investor Group includes Fortress Investment Group, Soros Fund Management and Monroe Capital. Pursuant to the APA, which has been amended, the Investor Group has agreed to provide total purchase consideration of approximately $350 million in the form of a credit bid for substantially all of the Company’s assets, in addition to the assumption of significant liabilities upon closing. “VICE is one of the world’s most trusted…
Author: SBE Staff
Walt Disney World Resort was once again Florida’s largest event site Thursday for the World’s Largest Swimming Lesson – an annual event designed to promote safe water practices worldwide. More than 650 Florida youth from six nonprofit organizations took part in the event at Disney’s Typhoon Lagoon Water Park and at various Walt Disney World Resort hotel pools to build awareness and empower students with the skills they need to swim safely. Courtesy of Walt Disney World Resorts “Students need access to these critical safety lessons, especially here in Florida where we’re surrounded by water,” said Tajiana Ancora-Brown, Director of External Affairs at Walt Disney World Resort.…
ORANGE, Calif. (SBE) – Leading civil rights law firm May Jung Law, along with nationally renowned civil rights and personal injury attorney Ben Crump, has filed a putative class action lawsuit against the Orange Unified School District (“OUSD”). This action outlines the numerous alleged constitutional and statutory violations that the OUSD and its employees have perpetrated against minors. The lawsuit alleges that OUSD disciplines Black and Brown children at 2-3 times the rate of white students. The probability of this deviation occurring by chance is no less than 1-in-70 million. “On a daily basis, we entrust our children’s physical and emotional well-being and safety to…
PrizePicks Becomes BIG3’s First Daily Fantasy Partner, Expanding Footprint in Sports and Entertainment Landscapes for both Companies LOS ANGELES – The BIG3 today announced they have signed an exclusive partnership with PrizePicks, the largest skill-based fantasy sports operator in North America, to become the BIG3’s daily fantasy provider and further the convergence of basketball, hip-hop, and fantasy sports. “We are very excited for this partnership. What PrizePicks is doing for the fantasy and sports entertainment industry is very similar to what the BIG3 is working towards,” said Justin Williams, CMO of the BIG3. “This partnership is a mutually beneficial relationship with the primary…
Spectrum has announced its sponsorship of the upcoming Bald Brothers Tour starring renowned comedians Tony Baker and Kevin “KevOnStage” Fredericks. The 10-city run kicks off on Friday, August 4 in Philadelphia, with stops in New York, Washington, D.C., Charlotte, Atlanta, Cleveland, Chicago, New Orleans and Phoenix before wrapping up in Dallas on Sunday, September 3. Additionally, Spectrum has partnered with the duo to produce “The One,” a tongue-in-cheek music video about the Company’s industry-leading wireless connectivity package, Spectrum One. https://youtu.be/dqvWkxsrlYc “Kevin and Tony have been producing hilarious content for our customers for several years, and their video ‘The One’ is another comedic classic,” said Marisol Martinez, Vice President of Multicultural Marketing for Charter Communications, Inc. “Who else but Kevin and Tony can find a…
Multi-award-winning artist, songwriter, film & television composer, and producer Raphael Saadiq announced Raphael Saadiq Revisits Tony! Toni! Toné!, the Just Me & You Tour, which will grace stages across the U.S. this fall. “I’ve always wanted to put my family back together,” says Saadiq. “Playing with the Tonys again is a thank you to the fans, the Super Tonians, for supporting all my musical efforts. Without those who were with us from Day One, where would I be? But the main reason is that my father, Charlie Wiggins, would’ve wanted it this way–to see me, D’Wayne, and Tim playing together again.” The long-awaited return of…
The American Society of Composers, Authors and Publishers (ASCAP) Rhythm & Soul department revealed plans to honor legendary multi-platinum selling producer and artist Dr. Dre with the inaugural ASCAP Hip-Hop Icon Award at the ASCAP Rhythm & Soul Music Awards Celebration of 50 Years of Hip-Hop in Los Angeles on Thursday, June 22. The ASCAP Hip-Hop Icon Award is presented to ASCAP members whose musical contributions have made an indelible impact on the art and culture of hip-hop. “Dr. Dre’s groundbreaking early work laid a foundation for hip-hop as we know it today. As a champion for some of today’s biggest artists and a successful entrepreneur, he changed the culture around hip-hop,” said…
LOS ANGELES – MASN and BIG3 will launch a media programming and community impact partnership to televise 52 games of the exciting three-on-three summer professional basketball league throughout MASN’s seven-state television territory starting later this month. Founded by producer, actor, and artist Ice Cube, the BIG3 league will visit nine U.S. cities on its summer tour, visiting stadiums in Chicago, Dallas, New York, Memphis, Miami, Boston, DC, Charlotte, and Detroit. The season tips off on Sunday, June 25th and goes for nine weeks in the U.S. before moving across the pond for its All-Star Game and Championship Game in London, England on August 26. “The addition of MASN to…
Group Black, a modern media company with the largest collective of Black-owned media, and NBCUniversal, one of the world’s leading media and entertainment companies, announced that they will be entering an exclusive partnership aimed to amplify Black-led content today and beyond. Through Black Excellence 365, NBCUniversal has curated a collection of Black-led and diverse content for exclusive marketing and sale by Group Black, growing full-year advertising opportunity and investment in the Black-owned ecosystem. “The scale of investment that NBCUniversal has made into Black audiences is the first of its kind, making this pioneering partnership a major step towards growing diverse voices…
By: Silver Fox Accountancy S-Corp status is a popular choice and is often highly recommended to small business owners to reduce their tax liabilities. However, this is not a one-size-fits-all choice as depending on how much income that business is bringing in, they may be better off with having their business set up as a C-Corp. What is an S-Corp? An S-Corp is an entity that has elected to pass its income and losses onto its shareholders. There are strict rules with the IRS to maintain S-Corp status including having no more than 100 shareholders and commitment of the owners…