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Stock impact report

Todd Boehly: Collector of sports, entertainment jewels [Los Angeles Times (CA)]

DraftKings Inc. - Class A (DKNG) 
for being able to get stuff done, it's amazing what more stuff ends up piling up in your inbox.” That vast and growing inbox is better known as Eldridge Industries, the private investment firm that Boehly co-founded in 2015 and that currently owns stakes in more than 100 finance, media, sports, real estate and tech companies. They include Bruce Springsteen's song rights, sports-betting firm DraftKings, the Los Angeles Dodgers, Lakers and Sparks, as well as the Beverly Hilton, indie studio A24 and Penske Media (the latter's assets include the Hollywood Reporter, Billboard, Rolling Stone and Dick Clark Productions). In 2022, Boehly led a consortium to buy English Premier football team Chelsea FC from Russian owner Roman Abramovich for a record 4.25 billion pounds, or roughly $5.4 billion. In short, in today's fragmented media and entertainment landscape, Boehly's influence extends to a great deal of the content produced, the means to churn out that content, the mechanisms that cover Show less Read more
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