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.
The New York Times has acquired sports outlet The Athletic in a $550 million deal. The acquisition brings the Times closer to its 10 million paid subscribers goal by 2025.
Austin Mock, College Football betting contributor for The Athletic, explains his strategy for selecting a winner in the national title game between Georgia and Alabama.
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Michael Jenkins gives his picks for the final week of the NFL regular season while Joe Osborne dishes out his insight for how to approach a week where some teams choose to sit out their star players. Meanwhile, Austin Mock explains his strategy for selecting a winner in the national title game between Georgia and Alabama.
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It's no secret tech giant Amazon has a mission of becoming a major player in sports media, and the company is poised to make progress on that goal in 2022. Amazon Prime Video will be the exclusive home to Thursday Night Football for the 2022-23 NFL season. In December, the New York Post reported that Amazon is in the beginning stages of developing studio sports programs, and hopes to soon have a full daily lineup of sports shows. Front Office Sports senior reporter A.J. Perez joined Cheddar News' Closing Bell to discuss.
The seven-time Pro Bowler Antonio Brown thrust himself into the spotlight again after an on-field meltdown against the New York jets that ended with him pulling off his jersey and exiting the field at MetLife Stadium, leading his Tampa Bay Buccaneers head coach Bruce Arians to say that Brown was "no longer a buc." Sports commentator and former quarterback Lester Ricard Jr. joined Cheddar's "Closing Bell" to discuss the troubled star's latest actions as well as his checkered past few years in and around the league. "About three or four years ago, Antonio Brown, his career was trending towards a Hall of Famer, one of the best wide receivers of all time," said Ricard Jr. "I don't know if he's self-imploding or whatever's going on with him." Ricard went on to speculate about a specific hit Brown may have taken years back he felt could have led to the current behavior.
Sports betting is going mainstream in the United States. Dozens of states have legalized it, California is set to do the same this year. Arizona, which legalized sports betting in September, set new national records for gambling in its first months. Daniel Graetzer, CEO of Maximbet, joins Cheddar News to discuss what's next for the booming industry.
There is a new player in the mobile app stock trading space.
Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
Back in July of 2021, the NCAA announced a new policy in favor of allowing student-athletes to be given the chance to gain income through endorsement deals as well as public appearances. The Name, Image, and Likeness policy have found great appreciation among athletes who now can grow their businesses without having to sacrifice their playing eligibility. However, some critics believe this new policy could cause some chaos in the locker room. Sports Reporter at the Wall Street Journal Laine Higgins, joined Cheddar to discuss more.
