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Manoj Bhargava

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business1 year ago

Sports Illustrated Owner Files Lawsuit Against Former Publisher Over $48M Feud

The owner of Sports Illustrated, Authentic Brands Group, has sued the magazine's former publisher, Manoj Bhargava, for $48 million, alleging that Bhargava's company stopped paying its bills as a pretext to negotiating a new licensing deal. Bhargava is accused of behaving like a gangster and making outrageous demands, leading to the revocation of Arena's license and subsequent layoff of staff. Authentic Brands sold the licensing rights to Minute Media after Bhargava's company failed to pay a $3.75 million quarterly license fee. The lawsuit accuses Bhargava of seeking to "weaponize their obstinance" and Arena of acting with "lawlessness" by refusing to transfer SI-related licensed assets to Minute Media.

via New York Post |
#authentic-brands-group#business#lawsuit
business1 year ago

"Legal Battle Erupts: Sports Illustrated Owner Sues Energy Drink Mogul"

Sports Illustrated's owner, Authentic Brands Group, has filed a lawsuit against energy drink mogul Manoj Bhargava, accusing him of failing to pay millions of dollars for the rights to publish the magazine. The lawsuit alleges that Bhargava and his company owe $48.75 million in missed payments and have infringed on Sports Illustrated's copyrights and trademarks. This legal battle is the latest in a series of public disputes between Authentic Brands Group and Bhargava, whose involvement in the magazine has led to turmoil and conflict.

via The New York Times|
#authentic-brands-group#business#lawsuit
business-media1 year ago

"Sports Illustrated Owner Sues Energy Drink Mogul for $48.75M Chaos"

Authentic Brands Group, the owner of Sports Illustrated, has filed a lawsuit against energy drinks mogul Manoj Bhargava, alleging that he failed to pay millions of dollars for the rights to publish the magazine. The lawsuit claims that Bhargava and his company owe $48.75 million in missed payments and have infringed on Sports Illustrated’s copyrights and trademarks. This legal battle is the latest development in the ongoing conflict between Authentic Brands Group and Bhargava, whose involvement in the magazine's operations has been tumultuous.

via The New York Times|
#authentic-brands-group#business-media#lawsuit
business2 years ago

Sports Illustrated Publisher Fires CEO Over AI-Generated Fake Stories Scandal

The CEO of Sports Illustrated publisher The Arena Group, Ross Levinsohn, has been fired by the company's board of directors, following the controversy surrounding the publication's use of artificial intelligence (AI) to generate poorly-written product reviews with fake authors. Manoj Bhargava, founder of 5-Hour Energy and a majority investor in The Arena Group, will serve as the interim CEO. The firing of Levinsohn is said to be part of a broader effort to improve the company's operational efficiency and revenue. The AI-generated stories, which were exposed by news site Futurism, have since been removed from Sports Illustrated's website.

via New York Post |
#ai-generated-stories#business#ceo-firing
business2 years ago

"Sports Illustrated's AI Fiasco Sparks Major Shake-Up and Human Resurgence"

Two top executives at The Arena Group, the parent company of Sports Illustrated, have been fired following the AI scandal. COO Andrew Kraft and president of media Rob Barrett were let go, and their replacements are expected to be more cautious in the future. The firings were accompanied by a video call from The Arena Group's new majority owner, Manoj Bhargava, who criticized the staff for engaging in ethically dubious behavior and urged them to stop doing "dumb stuff." Bhargava, the founder of 5-Hour Energy, recently purchased a 65% stake in the company.

via Uni Watch|
#ai-scandal#business#executive-firings