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.
Former wide receiver for the New York Giants, Victor Cruz has partnered with Krystal Restaurants, a popular burger chain in the South, to bring the franchise to his home state of New Jersey. Cruz and Alice Crowder, CMO of Krystal Restaurants, joined Cheddar's Opening Bell to discuss the venture. The five new locations will be known as "Victor Cruz's Krystal," decked out with memorabilia from his football career, with the former player explaining how "hands-on" he plans on being. "You never know, OK? You might walk in and Victor Cruz will be flipping a burger back there, and you might be getting it directly from the source," he said.
Max Bichsel, vice president at Gambling.com Group joins Cheddar News to talk about the growing sports betting industry, New York legalizing mobile betting, and 2022 predictions for the sector.
Cody Roark, NFL analyst at Pro Football Network joins Cheddar News to talk about NFL playoff predictions and which teams have a shot at the Super Bowl.
Next-gen social sports platform Break the Love recently raised $2.5 million in seed funding. Break the Love's platform and iOS app allows users to discover and book group-based tennis activities, to either learn, train, or compete. The new company has already gotten support from a few big names in the world of tennis, including the coach of Naomi Osaka, as well as the United States Tennis Association and the brand Wilson. Break the Love founder and CEO Trisha Goyal joins Cheddar News' Closing Bell to discuss.
Hall of Fame quarterback Troy Aikman joined Cheddar's "Between Bells" to talk about his own brand of organic light beer called Eight (his jersey number with the Dallas Cowboys) and explained that he's had an interest in the industry since his days working for a distributor during college. "These brands that are on the market have been there for a long time and [I] felt that it was time for something fresh, something new, and I thought that we could do it in a way that was a better-for-you beer' and that's what we've done," he said. Aikman also provided some insight into the upcoming NFL playoffs and noted that he doesn't see a clear frontrunner for this year's Vince Lombardi trophy.
It is 'game on' for sports bettors in the state of New York, as mobile betting kicks off on four major betting operating platforms this Saturday. The state, with over 20 million residents, will be the most populous state with legal online sports betting. Max Bichsel, VP of US Business for EmpireStakes.com joins Cheddar News to discuss.
College athletes scored big in 2021 when they were finally allowed to begin earning money based off of their name, image, and likeness, known as NIL. But how can young athletes best manage their money so they can set themselves up for years of success? Nicole Pullen Ross, Head of Goldman Sachs Sports and Entertainment Solutions, joins Cheddar News' Closing Bell to discuss why financial management for college athletes is important, common pitfalls they could run into, and more.
On Saturday, New York will join neighboring New Jersey and Connecticut in authorizing mobile sports betting. Matt Kalish, president and co-founder of Draftkings North America, joined Cheddar to talk about the landmark change that is estimated to rake in $500 million in annual tax revenue on a potential billion-dollar market. Kalish also addressed the possibility that legalized sports betting in the Empire State could cannibalize his company's revenues in the bordering states. "It's pretty inconvenient, you know, to go across the border to make a bet. And people were doing it, but I think it really stifled a lot of the opportunity," he said. "So while there's some of that going on, I think really a tremendous amount, like a giant percent, of New York will be very incremental."
Desmond Howard, former NFL wide receiver and Modelo college football playoff ambassador, joins Cheddar News to talk about the Modelo sweepstakes honoring the 30th anniversary of his iconic punt return.
