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Trump’s plan to import ground beef sparks backlash from ranchers, Republicans
Trump announced the plan last week, saying his administration has been promised the beef will be sold at 25% below current market prices
Trump’s plan to import ground beef sparks backlash from ranchers, Republicans
Trump announced the plan last week, saying his administration has been promised the beef will be sold at 25% below current market prices
J. Cole grounded and commanding in sold-out Seattle show
The North Carolina hip-hop great released what has been teased as his final album earlier this year.
King Charles’ royal soldiers honor Dolly with ‘9 to 5’ performance
The band performed the song during the Changing of the Guard ceremony.
Lee County live entertainment venue sold
Amy Ginsburg takes ownership of Cape Cabaret Sept. 1 and plans to retain the venue’s staff and programming while bringing in more touring artists and cultural events.
How Mass. consumers and businesses stand to be affected by Canada trade war
Building materials, sporting equipment and food products are among the Canadian goods sold in Massachusetts to be impacted by new 50% tariffs.
Kellogg Square business center, sold for $11.3 million, to become 'catalyst' growth of Old Town Goleta - Santa Barbara News-Press
As new housing projects make progress near Old Town Goleta, Kellogg Square will provide business and retail infrastructure.
Thyroid medication recalled nationwide due to possible ‘superpotency’ issue
A pharmaceutical company is recalling 3,655 thyroid tablets sold nationwide because they could be more potent than usual and may bring about health issues for people who use them.
H2F Proponency Transitions to the MCoE advancing the Army’s Holistic Health and Fitness System
The H2F System continues to evolve as the US Army’s primary investment in Soldier readiness and lethality and is now aligned under the new Transformatio...
Why some Trump supporters aren’t sold on Darline Graham: From the Politics Desk
Plus, a shifting data center landscape.
Nate Bargatze Launches No Pictures, Sets Lawrence Grey To Oversee “Edgier” Production Label Alongside Family-Friendly Nateland Entertainment
EXCLUSIVE: After setting the Guinness World Record for most tickets sold on a stand-up tour, Nate Bargatze is continuing to expand his business — this time, in an unexpected direction. As he continues...
Kids learn about business at Springfield’s Kenefick Park
They introduced their brands, pitched ideas, interacted with customers and sold products they’ve been working on to develop.
State-of-the-art training facility for two major Oregon women’s sports teams opens in Hillsboro
The Kaiser Permanente Performance Center marks a less visible milestone than sold-out Thorns or Fire games, but leaders say it's vital if the state wants to continue as a hub for women’s sports.
Thousands of Pennsylvanians lose health insurance as costs get more expensive
(WHTM) — Even experts who expected this to be bad are surprised at just how many Pennsylvanians are losing their health insurance. Marketplace plans, sold in Pennsylvania on the Pennie exchan…
Trump announces plan to lower beef prices. Some Republicans are already balking
The president said on social media that he had committed to ensuring the imported beef would be sold at 25% below current market rates
Trump announces plan to lower beef prices. Some Republicans are already balking
The president said on social media that he had committed to ensuring the imported beef would be sold at 25% below current market rates
Lancaster County public sales: Aug. 21, 2026
Witman Auctioneers Inc., of Manheim, conducted a public auction of real estate Aug. 10 for Joseph Grosh at 914 W. Fairway Drive, Lancaster. A three-bedroom house with garage sold for
Watch: Mark Cuban Says You Can’t Fix Healthcare Until Every Price Is Known
With his online pharmacy, Mark Cuban changed how generic drugs are sold — and he has thoughts about how to fix the healthcare system. The billionaire businessman talks to KFF Health News’ Julie Rovner to answer the question: “How Would You Fix It?”
Retail sales in Great Britain fall despite heatwave increasing food and drink demand
Volume of goods sold in stores and online dropped 0.5% in July, ONS says
Health officials trace E. coli and salmonella outbreak to Minnesota alfalfa grower
Twenty-three E. coli and salmonella illnesses in Minnesota were linked to produce grown by Everything Sprouts and sold under the Calco and Everything Sprouts brands.
Snapdragon 8 Elite Gen 6 Pro In Desoldered Form Is Already On Sale For $42 Before Official Launch, New Image Shows Possible Heatsink Solution Like Samsung’s HPB
A desoldered Snapdragon 8 Elite Gen 6 Pro is reportedly selling for $42 ahead of its official launch, accompanied by leaked images revealing an HPB heatsink solution
FDA upgrades recall of frozen blueberries sold at Publix to highest health risk level
Recalled frozen blueberries and mixed berries that could be contaminated with E. coli pose the most severe category of health risk, according to the FDA.
Backdoor deal or business as usual? An Ohio data center raises transparency concerns
In the southwest Ohio city of Trenton, officials are ushering in large-scale data centers that promise jobs and economic development. But, some residents aren’t sold, saying a lack of transparency is leaving them in the dark.
The ultra rich are collecting fossils. And that’s bad for science
One of the UK’s best fossil collections has been sold overseas in what experts have called a loss to the nation. The collection, which is now on display at the Natural History Museum in Abu Dhabi, was gathered on Dorset’s Jurassic Coast. As dinosaur fossils sell to private collectors for increasingly large sums, scientists are worried that domestic museums are being priced out of the market, and in turn scientists are missing out on the opportunity to make new observations. To find out how fossils became big business and what it could mean for research, Madeleine Finlay hears from science correspondent Nicola Davis
Taking out a Russian soldier costs about $3,000, Ukraine says
Ukrainian data from over 230,000 reports a week shows it costs about $1,487 to strike infrastructure and just over $3,000 to hit a soldier, Kyiv says.
Jeanie Buss Refutes That Lakers Stake is Being Sold
Los Angeles Lakers governor Jeanie Buss is reportedly fighting her family's decision to sell their stake in the team. The post Jeanie Buss Refutes That Lakers Stake is Being Sold appeared first on LA Sports Report.
Belmont Grill in East Memphis to close after 42 years in business
Belmont Grill owner Jeff Anderson said the property has been sold, with the restaurant's last day set for Aug. 29.
After A $42.9 Million Sale, The Shelby Cobra Daytona Coupe Is Now The Most Expensive American Car Ever Sold At Auction
This was the only Daytona personally owned by Carroll Shelby, and it shattered the previous mark of $22 million set by a 1935 Duesenberg SSJ in 2018.
Lamborghini's most extreme car just sold out its future
Scarcity is the oldest pricing trick in luxury, and it only works when the scarcity is real. Anyone can print “limited edition” on a box. Very few companies can cap production at a hard number, refuse to move it, and still watch buyers pay a premium for the privilege of waiting a year to take ...
Army Commander Reportedly Offering GTA 6 Bonus For Re-Enlisting Soldiers
Sign a contract to serve more time and you can play GTA 6 for a few days in November
The business strategy behind the Lakers' $12B Sale
How the flagship club was sold in a strange flash deal for $12 billion, just one year after changing hands, what is behind the "aggressive offer," and what are the new buyers planning?
Boca Sports Cards owner David Davidov happy for long-time customer
Boca Sports Cards owner David Davidov happy for long-time customer who sold Ohtani card to Secure Collectibles for more than $10 million
Colorado, like America, past due for generational change in politics
I was 27 before I ever voted for president. At 19, in 1964, the Constitution had not yet been amended establishing 18-year-old voting eligibility. In 1968, I was serving overseas with the U.S. Navy at a time when there was little effort to assist sailors or soldiers in obtaining an absentee ballot. Fortunately, that’s changed […]
CNBC Daily Open: U.S. Navy faces mental health challenges as Mideast conflict drags on
Mental health challenges aboard the USS Abraham Lincoln are raising concerns over the health of U.S. soldiers, as the Middle-East conflict drags on.
Dario Amodei says AI needs to 'actually' cure cancer to win over public
Anthropic CEO Dario Amodei acknowledged over the weekend that the public doesn't trust AI. He said AI companies have overpromised and undersold.
Maker of ice cream sold at grocery stores nationwide files for bankruptcy as it appeals $23.8M judgment
Rebel Creamery reported $13.78 million in assets and $23.85 million in liabilities as it appeals a $23.785 million Van Leeuwen judgment.
Banana Ball Pairs Entertainment with Baseball in Front of Sold Out Frawley Stadium
The Texas Tailgaters and Loco Beach Coconuts of the Banana Ball Championship League played the first ever Banana Ball game in Delaware in front of a sold out crowd Thursday, August 13.
Senate hopeful Talarico touts his faith. Texas Republicans call it blasphemy.
The Democratic nominee is seeking to win over faith-based voters in Texas, the Bible Belt’s largest state, but evangelical Republicans aren’t sold.
Despite health risks, raw milk is having a moment
Unlike the stuff sold in most grocery stores, raw milk isn’t heated to kill harmful pathogens in a process known as pasteurization.
ENTERTAINMENT: ‘Ghost Army’ film documents World War II trickery
The MacArthur Museum screens “The Ghost Army,” a documentary about American soldiers, “many of whom would later have illustrious careers in art, design and fashion,” who tricked the Germans with rubber tanks, sound effects and carefully crafted illusions during World War II, 6:30 p.m. Tuesday.
10 Bears players to watch in preseason opener vs. Browns
The Bears begin their preseason slate by welcoming the Browns to Soldier Field on Saturday. Here are some players to watch.
Hoto’s new cordless soldering iron heats up in three seconds
The latest addition to Hoto’s modular Snapbloq toolkit line can also be plugged in when you need more power.
Scientists Tested 113 Everyday Products Sold by Major US Retailers. 85% Contained 'Undisclosed Harmful Chemicals'
One in four 'natural' products contradicted their own claims.
Increasing liquor prices: public health or revenue? ABC says proposal is both
A North Carolina proposal to raise the price of some of the cheapest liquor sold in the state is being presented in part as a public health measure, but a WRAL Investigates review of the ABC report shows public health is only part of the equation.
BREAKING: Netflix to shut down two more game studios
Netflix is sticking with video games but once again reducing the number of studios it owns making games. The streaming giant is closing Los Angeles-based Night School studio, which it acquired in 2021 and plans to close Helsinki-based Moonloot, which was founded in 2022. Just six weeks ago, Night School had released Unhinged, a novel 30-minute first-person horror game, streamable on TVs to Netflix users. The game was hailed by Netflix co-CEO Greg Peters in a call with investors. Six weeks later, Night School is closing. Prior to its Netflix tenure, Night School had developed the award-winning supernatural thriller Oxenfree. A second Oxenfree game followed after the purchase, as well as a mobile game designed to tie in to an episode of the Netflix show Black Mirror. Netflix attributed the studio closures to a prioritization around kids gaming, party games, story-driven fare and games with mainstream hooks, such as a recently released FIFA game. “We see an opportunity to be more focused in our execution, so we are making organizational changes to the business to match those priorities,” a Netflix spokesperson told Game File. Netflix is also cutting jobs from its internal games team. A rep declined to say how many jobs were being lost by these cutbacks. “We are incredibly grateful to the talented colleagues we’re saying goodbye to today. We thank them for all their contributions to Netflix, and wish them the best,” the rep said. Netflix started releasing video games, initially on mobile as a free bonus to subscribers, in 2021. By 2023, Mike Verdu, then the head of Netflix’s game operations, was telling me that the company was committed to growing carefully, as it offered more games and built up internal game studios. At the time, it hadn’t made any gaming job cuts. Since then, Netflix has altered its approach. In 2024, it shut down Team Blue, a start-up studio led by ex-Call of Duty and Halo developers that was exploring making a high-end first-person game for the service. Last October, Netflix shut down another studio, Boss Fight, shortly after Peters praised the team’s Squid Game game to investors. (One of Boss Fight’s main developers now works on the Netflix FIFA game for outside studio Delphi.) And in December, Netflix sold cozy game studio Spry Fox back to its founders. Amid all of this, Netflix has shifted from emphasizing mobile games to offering games through TVs and PCs, via streamed connections, with phones used as controllers. That’s how Night School’s Unhinged worked, along with games such as Boggle and Party Crashers that have collectively helped the Netflix game controller app chart well on mobile app stores. The studio cuts leave Netflix with a central gaming team that works with external developers, and a dedicated first party studio in, Helsinki-based Next Games, which produced many of the company’s couch-centric party games. The move away from having a roster of internal game studios aligns with Netflix’s own approach to shows and movies, which are largely produced externally. The company owns few TV/film production studios of its own. The gaming industry overall is seeing large holders of multiple studios cut back, with Sony, Ubisoft, Embracer, Microsoft and other giants closing or selling off studios. Cuts in California-based studios, where costs often run relatively high, have been particularly acute. Netflix has faced skepticism about its gaming plans for years. The moves today are likely to fuel them, and the company has few upcoming projects to counter the narrative. Among the few hinted, acclaimed independent studio Don’t Nod said last year it was working on a game tied to a major Netflix franchise.
WWII motorcycle and soldiers emerge from river muck in Hungary
Historically low water levels in the Danube are revealing over 80 years of history.
'Call Her Daddy' Host Alex Cooper's Unwell Beverage Business Is Shutting Down
The superstar podcaster launched a line of drinks in 2025 in partnership with Nestlé and sold at Target stores
Still Not Sold on Dawnwalker? Dev Presents 'Everything You Need to Know' About the Open World RPG
Night by night
Single Powerball ticket sold in Illinois wins $1.04 billion jackpot, eighth-largest in US history
Wednesday's Powerball drawing produced a single Illinois winner who matched all six numbers to claim the $1.040 billion jackpot, eighth-largest ever.
Baltimore entertainment venue, The 8 X 10, sold
The 8x10, a Baltimore live music venue, sold to Pennsylvania-based Rising Sun Presents, real estate firm Trout Daniel & Associates announced.
Lakers Owner Sells to Jared Kushner’s Brother as Trump DOJ Probes His Business Empire
Guggenheim founder Mark Walter sold the Lakers for $12.5 billion, one month after the Wall Street Journal reported the Trump DOJ was probing his business empire.
Lakers being sold for $12B, North American record for sports franchise
The Lakers are being sold for a record $12 billion less than two years after Dodgers co-owner Mark Walter bought the team from the Buss Family.
Lakers being sold to Josh Kushner and Bob Iger for record-breaking $12 billion
The Lakers will reportedly once again change hands.
Sources: Josh Kushner, Bob Iger to buy Lakers for $12B
The Lakers are being sold to American businessman Josh Kushner and Bob Iger for over $12 billion, a record-breaking price, multiple sources told ESPN.
Meccha Chameleon has now sold 20 million copies in two months
Do you want to calculate how much revenue that would be?
Insight: US fuel sales to Cuban business bring a glimpse of capitalism to Havana
Gasoline at $38 a gallon sold from cramped apartments. Diesel hawked on Instagram by a celebrity model to a reggaeton soundtrack. Six decades after Fidel Castro’s revolution, all of a sudden, capitalist cracks are appearing in Cuba’s communist energy sector.
'A Must-Have Day 1 Purchase': Remedy Bets Big on Control Resonant, as Alan Wake 2 Passes 3 Million Sold
Alan Wake and Control developer Remedy is betting big on Control Resonant, as Alan Wake 2 finally passes 3 million copies sold.
Small business owners, advocates sound the alarm on new Virginia hemp law
Small business owners and advocates are sounding the alarm on new hemp laws that will make many products that are currently legal, illegal to be produced or sold as hemp in Virginia.
Saber's newest game trailer takes a shot at Gearbox's CEO, if you look closely
The first hint that something might be up with the recent debut trailer for Saber Interactive’s Rideshare Stimulator is an unusual choice of words—aside from that second one in the game’s title. “Don’t take your passengers too seriously,” the trailer’s narrator says, as he describes this upcoming game. It a car game about the gig work of driving eccentric people to their destinations, a riff on Crazy Taxi. And then, he says: “When I think I’ve met the randiest of passengers, someone even stranger gets in.” “Randiest”? That suggests “randy,” which usually means having strong sexual desire. Yet none of the oddball backseat occupants featured in the trailer seem particularly lustful. One is an old man who considers his grandson a failure, another shares the theory that birds might control traffic lights, another says he’s banned from an aquarium. A little later, there’s a license plate, shown 63 seconds into the trailer, on the front of an SUV: USB DRV It’s a Texas plate. The symbol between those letters is a cog wheel. If you know, you know. That’s a reference to Texas-based Borderlands game development studio Gearbox Software (their logo features a cog wheel). More specifically, it’s a reference to Gearbox’s CEO Randy Pitchford, who in 2018 found himself explaining the nature of video he’d saved on a USB drive that was found at a Medieval Times restaurant before being returned to the studio: “It was ‘barely legal’ porn. This girl’s handle was ‘Only 18.’” The “girl” in the video had committed a solo sex act that Pitchford, an avid practitioner of magic, found remarkable. “I realized, this is not a sex worker…This is a fucking magician.” Back then, the USB drive was central to competing lawsuits against Gearbox by the studio’s former lawyer and by Gearbox against him. A settlement in late 2019 “exonerated” Pitchford, per the Hollywood Reporter. The USB story has resurfaced at times, now in a trailer from a company that not long ago was corporate brethren with Gearbox. Saber vs. Gearbox The head of Saber told Game File that the reference is payback. “The dig is because Randy took shots at Embracer in Borderlands 4,” Saber CEO Matt Karch told me when I asked him about the license plate. “Without Embracer, Randy is performing magic tricks at birthday parties for a living.” Having interviewed Karch during a cross-country flight in late 2024, I can confirm that Karch was unimpressed with Pitchford during their time both working in the Embracer group. I’d approached him not out of surprise that there was animosity but that it was manifesting publicly now. Gearbox was founded in 1999, worked on a port of Halo early on, and developed hit series such as the loot-based sci-fi shooter Borderlands before it was purchased by The Embracer Group in early 2021 for $363 million (with a possible earn-out of over $1 billion, if certain targets were hit by 2027). Saber was founded in 2001, worked on a remaster of Halo early on, had a big hit with zombie shooter World War Z and was purchased by Embracer in early 2020 for $150 million, with a potential earn-out of up to $375 million. For a few years, the Embracer group was a voracious acquirer of game studios. Then, as investment dried up, it choked. In March 2024, Embracer sold Saber to an investment company controlled by Saber CEO Matt Karch, and it sold Gearbox in an all-stock deal to long-time Borderlands publisher Take Two Interactive. Other studios were shut down. Hundreds of developers were laid off. Gearbox didn’t say much about their Embracer experience, nothing too direct, at least. In the summer 2024, Pitchford told reporter and occasional Game File contributor Nicole Carpenter that Borderlands 4’s story was in some way thematically connected to Gearbox’s experience at Embracer: “There’s this cultural and emotional shift in me, personally, and at the studio. What does it mean to trade some autonomy for organization?” When Borderlands 4 came out, there was something stranger: the matter of “Embracer’s Bluff,” a location in the game featuring an AI-powered toilet and a large trash dump, according to a detailed Kotaku account of the place. Gearbox never commented on it; Take Two never got back to me about it when I asked them last year. By contrast, since Saber exited Embracer, Karch has been one of Embracer’s biggest defenders, casting their management as well-meaning and supportive despite the layoffs and studio closures that resulted from their excessive expansion. Like others, Saber’s Karch saw Embracer’s as a shot. With Rideshare Stimulator’s trailer, he’s returned fire. “It’s amazing to me how fast people forget those who went above and beyond for them,” Karch told Game File. A rep for Gearbox did not comment by press time. Game File is a reader-supported publication. Your backing makes my reporting—including any coverage of trailer-based beefs—possible. Good news! I’m currently running Game File’s first big sale of 2026. You can get a one-year subscription for 23% off. Click here to take advantage of the limited-time offer. And thank you for your support! Item 2: In brief… 🚫 Wal-Mart has laid off the staff of Restart, a games media outlet launched in 2024, Aftermath reports. 🟥 A GTA VI preview is on the way, at last, via an “extended look” that will premiere, unusually, on Netflix at 3pm ET on August 27, then officially go live elsewhere six hours later. Last week, Game File noted that Take Two label Rockstar Games is overdue for showing off GTA VI, based on the timing of the initial hands-off previews of GTA V and Red Dead Redemption 2. During a call with investors, Take Two CEO Strauss Zelnick said pre-orders for GTA VI were “unprecedented and astonishing,” but added the company can’t predict how many of those pre-orders represent bonus sales vs. sales that otherwise would have been made at launch. During the same call, Zelnick was noticeably bullish on the future of playing games over streaming cloud connections (predicting wider adoption in three or so years). He sounded unbothered by Sony’s plans to stop making discs for new games (he said the business is 90% digital already and predicted that there could still be limited edition physical editions of games “in the same way there’s still vinyl in the recorded music business.”) 👀 Take Two wrote off $43 million in their spring quarter after deciding “not to proceed with further development of an unannounced title in its pipeline from a third-party developer.” 🤔 Some rare age-demographics from a big publisher: Capcom recently told investors that “users in their 20s account for approximately half of the users of both Pragamata and Resident Evil Requiem.” Item 3: The week ahead Tuesday, August 11 Game releases: The Elder Scrolls IV: Oblivion Remastered (Switch 2; already out for PC, PS5, Xbox) continues the Bethesda strategy of putting Elder Scrolls games on everything; Royalty Free-For-All is a Smash Bros.-style fighting game featuring public domain characters such as Mother Goose brawling with Oliver Twist in a stage based on the original Little Shop of Horrors movie. Wednesday, August 12 Game release: Pro Jank Footy (PC, console) is an arcade-style Australian Rules Football game with increasingly ridiculous rules, the more you play (I enjoyed the Steam demo) Thursday, August 13 Game release: Super Mario Sunshine (Switch 2, originally released in 2002 on the GameCube) is released for Switch 2’s Nintendo Switch Online service. This game is the black sheep of 3D Mario games. It’s the successor to the breakthrough Super Mario 64 and the rare Mario game built around a single (vacation resort) theme. Mario’s got a water-spraying backpack, a Yoshi pal and a lot of blue coins to collect.
Private Equity Is Stuck With 33,575 Unsold Businesses
Even amid a booming deal-making environment, private equity firms are unable to exit a growing number of investments at values their investors require.
A Man Sold His Business For $1.4 Million. Then His Brother-In-Law Wanted To Invest It 'For Free'
A man in Arizona sold the auto repair shop he spent 27 years building for $1.4 million after receiving an offer from a larger regional chain. Within a week of the sale closing, his wife’s brother, who actively trades individual...
Almost Everything But The Music Sold Out In NIN Quake Collection
Commemorating three decades of the transformative 3D shooter, id Software releases a surprise new expansion and limited merch collection with composer Trent Reznor
Fintech That Soared on Trump Sells Core Business for $12 Million
A virtually unknown fintech that catapulted into the headlines and cracked a $1 billion market value after signing a deal with the Trump family’s crypto platform last year has sold its core business for about $12 million.
Norwegian soldiers training Ukraine's soldiers for 'Viking mentality'
Norwegian troops are bringing battlefield skills and a Viking-inspired warrior mentality to training Ukrainian soldiers on NATO soil.
‘GTA 6’ Publisher Dismisses Digital Replacing Discs Controversy
'Grand Theft Auto 6' will only be sold digitally, and now Take Two is dismissing complaints about that, saying its business is already digital.
Belgian Pro League 2026/2027 Preview: Westerlo
Westerlo are entering another season in which they have sold their top scorer for a big fee and have signed a young forward to replace him. Norman Bassette joins on loan from Coventry and Westerlo fan...
I built Canada’s largest crypto company. But the business climate here made selling to Robinhood inevitable
The CEO of WonderFi says that he sold because Canada's burdensome regulatory climate makes international expansion out of reach.
Powerball jackpot soars to $856 million, next drawing Saturday night
Over a million tickets were sold as hopeful players tried their luck, but no one scored in Wednesday’s Powerball jackpot, sending the prize soaring to an estimated $856 million.
DuckDuckGo mercilessly dunks on big tech's AI 'pervert' glasses
The company's “Normal F***ing Sunglasses" reportedly already sold out.
The best business school I ever attended was the Peace Corps
In this story Paul shares his journey as a soldier, then Peace Corps Volunteer, and finally, entrepreneur.
Black Ops 1 And 2 Ports Sold 11 Million Copies Combined On PlayStation, Benefitting Both Xbox And Sony
The games did not feature many technical or visual improvements, and that was kinda the whole point.
OnePlus is sold out in the US and Canada - there are no more phones on the official site
You might still find a few leftover units at third-party retailers, but the brand is officially out of the North American market.
Company with roots in RCA’s once-massive Lancaster presence sold to LA firm
The defense technology company that is a legacy of RCA’s once massive Lancaster plant has a new owner and another new name.
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
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