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BFD Expert Voices - Media Deals

BFD Expert Voices

BuzzFeed, Inc. is entertaining airport travelers not just via their smartphones, but also IRL with new retail stores, Kerry wrote on Wednesday.

Why it matters: BuzzFeed's stock has been struggling since its public debut in December. The digital media company is under pressure to boost revenue. One solution is more licensing deals. 

1. ✈️ BuzzFeed's airport stores

BuzzFeed's branded store at LaGuardia Airport. Photo: Kerry Flynn/Axios

Web3 will eventually change how Hollywood and the entertainment industry operate, despite no one in the industry being able to describe just what it is, Katelin Holloway, co-founder of investment firm Seven Seven Six, told Tim on Tuesday.

Why it matters: Content startups that are already building their business in a web3 world are becoming a hot investment for those looking to challenge Hollywood's decades-old model.

 2. 🎥 Hollywood's web3 naïveté

Seven Seven Six co-founder Janelle Holloway

Photo illustration: Gabriella Turrisi/Axios. Photo: courtesy of Seven Seven Six

A wave of foreign cash is flooding into Brazilian soccer teams in the year since the country allowed its clubs to accept outside investment. 

Why it matters: With some of the best players in the world, Brazil is becoming a soccer M&A hub and potential playground for billionaires hungry for a sports team, Tim wrote on Monday.

3. ⚽ Brazilian M&A

Soccer ball with currency images embedded

The metaverse is coming to the C-suite. Tim shared his conversation yesterday with CAA's Chief Metaverse Officer Joanna Popper to talk about Hollywood's race to the forthcoming digital world.

Why she matters: The hire of Popper — who came to CAA after stints at HP, Singularity University and NBCUniversal — is the latest example that the metaverse is Hollywood's next gold rush. 

4. 🗣️ CAA's CMO

Photo illustration: Gabriella Turrisi/Axios. Photo: Peter Samuels

From the top of Arthur Ashe, Kerry watched one of her favorite tennis players Rafael Nadal beat Rinky Hijikata on Tuesday night. 

Her must-do at the U.S. Open is sip on a Honey Deuce cocktail. Props to her fiancé for spending an entire set in line to get one. 

5. 🎾 One fun thing

Rafael Nadal playing against Rinky Hijikata. Photo: Kerry Flynn/Axios

Situational awareness: Hello! George Moriarty, senior editor for Axios Pro Deals, here with a quick update on our Axios Pro Deals publishing schedule.

Beginning today, we will send a digest of each week's Pro newsletters every Friday. The digests will feature the biggest story from each day, and give a link to that day's full newsletter.

This change comes in response to consistent reader feedback that you want a digest of deals each week in addition to more special projects and in-depth reporting.

These digests will bring you a roundup of the week's deals news in one place, and keep your eyes peeled for new projects from our amazing journalists.

Comments? Questions? New ideas? Email or tweet at me!

Have a great long weekend! Kerry will be back Tuesday, while Tim continues his European adventure.

September 02, 2022

1. ✈️ BuzzFeed's airport stores