From video apps to sports matches, here are your top entertainment headlines.
Triller Debts
Video-sharing app Triller has agreed to pay Sony Music Entertainment a $4.57 million settlement for breaching the terms of an agreement it reached with the platform.
Last summer, Sony sued Triller for non-payment of music licensing fees after March 2022. The record label ended up canceling its agreement after the payments stopped, but Triller apparently continued to utilize music from Sony's catalog.
The lawsuit was just one of the high-profile cases thrown at the video-sharing and social networking platform. Universal Music Group also sued Triller for non-payment in January. UMG also pulled its entire catalog from the platform in 2021, citing that Triller refused artist payouts. That same year the two sides struck up a new licensing deal.
Triller also was sued in the summer of 2022 by producers Swizz Beats and Timbaland for allegedly holding out on a $28 million payment for the acquisition of their webcast series, Verzuz. The two sides settled for an undisclosed amount last September.
Lamar Jackson's Jackpot
It's been a long time coming for the Baltimore Ravens star quarterback Lamar Jackson, but he's finally inked a deal to cement his spot in Charm City.
Jackson and the Ravens front office agreed to a five-year $260 million deal — with $185 million guaranteed. That's enough to be counted as the highest-paid contract in NFL history. But he wasn't able to secure that bag without drama.
Jackson bet on himself and negotiated the historic deal without an agent — a move many sports analysts said would hurt his future prospects in the league. The negotiation period since the end of the season was riddled with rumors and speculation about possible collusion between teams after Jackson expressed the desire to be traded and didn't receive interest from any other franchise.
However, the payday comes with great expectations. With the signing of veterans like Odell Beckham Junior, there is a lot for the QB to prove with the purple birds.
Spring Sports Showdown
And continuing down the path of sports, what are you watching this weekend? The slate is packed and can be a little overwhelming. Here's a guide to tune into the competition(s) that piques your interest the most.
Tonight, a pair of Game 6's are going down in California. The reigning NBA champion Golden State Warriors look to even up its series with the Sacramento Kings. The splash brothers and company have home court advantage where they are 33-8 on the season. Just down the Pacific Coast Highway, LeBron James and the Los Angeles Lakers are looking to close out the No. 2 seed Memphis Grizzlies to move on to the Western Conference Semifinals.
Elsewhere, the NHL is also amid its playoffs for the Stanley Cup championship. Every series aside from one is going to a Game 6 this weekend between the Boston Bruins and Florida Panthers, the Colorado Avalanche and the Seattle Kraken, the New Jersey Devils and New York Rangers, the Toronto Maple Leafs and Tampa Bay Lightning, the Edmonton Oilers and the Los Angeles Kings, and the Dallas Stars and Minnesota Wild.
Finally, the annual Penn Relays, the oldest and largest track and field competition in the U.S., will air from Philadelphia on NBC this Saturday.
Under Armour released a successful Q4 earnings report amid supply chain issues. The apparel company said it invested in analytics to decipher what drives consumers to its brand. However, the company warned of potential supply problems going forward due to COVID.
Hyperice is a technology company that specializes in physical recovery for athletes, and it's now partnering with the NFL. Christian McCaffrey, Carolina Panthers running back and Hyperice athlete-investor, and Jim Huether, Hyperice CEO, joined Cheddar News to discuss the partnership. "It's definitely for both for performance and for recovery, as somebody who plays a brutal sport and have to go through some of the unfortunate realities of injury," McCaffery said of the products. "You're always fighting for that 0.1 percent difference between winning and losing and and the little things and every second matters."
Showtime series 'Super Pumped: The Battle For Uber' tells the roller coaster ride of Silicon Valley's most successful and most destructive company, Uber. 'The Battle For Uber' is the first of the 'Super Pumped' anthology series in which each new season will explore a true business story that changed our culture in one way or another. Joseph Gordon-Levitt, who plays former Uber CEO Travis Kalanick, joins Cheddar News to discuss the series.
The Super Bowl is only a few days away, and the game is currently tracking to be the most expensive one ever.
Gametime, a website and app for last-minute tickets, says the average ticket price for the NFL's championship game is $9,502.50, with the most expensive seats costing nearly $38,000. That's a far cry away from the average ticket price of the first-ever Super Bowl in 1967, which was only $12. The average ticket price increased by more than $8,000 in just the past decade. Matt Rados, Senior Operations Manager at Gametime, joins Cheddar News' Closing Bell to discuss.
Miller Lite is opening the first branded bar in the metaverse, by way of Decentraland, as a way to advertise during the Super Bowl this year without buying an expensive TV commercial slot. Sofia Colucci, global vice president of Miller Family of Brands, joined Cheddar to talk about the new marketing concept. "We have a lot of great partnerships with NFL teams throughout the year but were shut out of advertising during the Super Bowl game, so this pushes us to think creatively and also think of what feels really relevant right now," Colucci said. "There's no question that there's a lot of excitement with the metaverse, and we wanted to participate but in a way that felt right for Miller Lite."
David Tafuri, Former Obama Campaign Foreign Policy Advisor & Former State Department Official, joined Cheddar News to break down the latest geopolitical stories from Beijing, amid China's human rights abuses against Uyghur Muslims and yet another Russian doping scandal.
Americans placing bets on the Super Bowl is expected to reach a record high due to multiple states legalizing sports gambling. Hana Ostapchuk, the host of Cheddar Bets, joined Baker Machado on Between Bells to discuss the action on the Big Game.
trivago reported its last earnings of 2021 yesterday, marking the end of a rollercoaster year. The online hotel search site was forced to cut costs during the pandemic as the travel industry shut down entirely, instead pivoting its strategy to meet customer demand in other ways. Matthias Tillmann, CFO of trivago, joined Cheddar's Opening Bell to discuss the company's results and why he's optimistic about the future of the travel industry in 2022.
The Winter Olympics showcase our favorite and most picturesque winter sports: from ski jumping, to figure skating, to ice hockey. But don't forget about doubles luge, the internet's favorite Olympic sport. Join us as we explore the history of this intimate display and reveal why doubles luge is so much more than a meme.
