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Revenue Generation

All articles tagged with #revenue generation

sports1 year ago

Ohtani's Historic Season: Dodgers' $120M Bargain and World Series Triumph

Shohei Ohtani's first season with the Los Angeles Dodgers has been a financial boon, generating $120 million in additional revenue for the team through marketing deals, despite his $2 million salary. Ohtani's historic performance, including hitting 50 home runs and stealing 50 bases, helped lead the Dodgers to a World Series victory and increased their brand value significantly. His contract is considered one of the best returns on investment in sports history, highlighting his immense value beyond the field.

via Outkick|
#contract-value#los-angeles-dodgers#mlb
olympics1 year ago

2028 LA Olympics: Swimming Events Shift to SoFi Stadium

The 2028 Los Angeles Olympics will host swimming events at SoFi Stadium, an NFL venue, to attract larger crowds and generate more revenue. The decision reflects the economic strategy of the LA28 Organizing Committee, which aims to fund the $6.9 billion budget through private sources and sponsorships, similar to the profitable 1984 LA Olympics.

via The New York Times|
#2028-la-olympics#la28-organizing-committee#olympics
sports-business1 year ago

"Private Equity Firms Target College Sports for Investment Opportunities"

Weatherford Capital has launched Collegiate Athletic Solutions, a private equity platform aimed at boosting revenue for college athletic departments without taking direct ownership. Led by Drew and Will Weatherford, the initiative partners with RedBird Capital Partners and focuses on leveraging media rights and events to generate new revenue. This comes amid significant changes in college sports, including potential multi-billion-dollar settlements related to player compensation and increasing financial divides among universities.

via Tampa Bay Times|
#college-sports#ncaa#private-equity
technology2 years ago

The Influence of Popularity on Dating Apps

A study conducted by researchers at Carnegie Mellon University and the University of Washington has found that online dating platforms have a popularity bias in their recommendation algorithms, favoring more popular and attractive users over less popular ones. The study analyzed data from over 240,000 users of a major online dating platform in Asia and found that a user's chance of being recommended increased as their average attractiveness score went up. The researchers suggest that platforms should be more transparent about their algorithms and that further research is needed to balance user satisfaction, revenue goals, and ethical algorithm design.

via EurekAlert|
#algorithms#fairness#online-dating
nonprofitcharity2 years ago

The Profitable Business of Donated Blood: American Red Cross Reveals Its Strategy

The American Red Cross generates over $3.2 billion in operating revenue, with contributions making up only a third of its revenue. The majority of its revenue, around $1.8 billion, comes from selling blood collected from donors to hospitals and medical facilities across the country. The organization does not charge for the blood itself but is reimbursed by hospitals for the costs associated with providing blood products. The American Red Cross spends over $2 billion on collecting blood, which is about $139 million more than the revenue it collects from selling the blood.

via CNBC|
#american-red-cross#biomedical-services#blood-donation
technology2 years ago

Google Ventures into Solar Industry, Aims to Make $100 Million Selling Maps Data to Solar Companies

Google plans to license new mapping data to companies in the renewable energy sector, aiming to generate up to $100 million in its first year. The company will offer APIs with solar and energy information, air quality data, and real estate opportunities. The Solar API, sourced from the consumer-focused Project Sunroof, will provide solar installers, design companies, and real estate firms with building data and aggregated information for cities or counties. Google also plans to launch an Air Quality API. This revenue play comes as Google seeks to monetize its maps products and tap into the growing market for sustainability and renewable energy solutions.

via CNBC|
#google#maps-data#renewable-energy
sports2 years ago

"Rob Manfred Praises Royals' Stadium Plans, Fans Divided on New Ballpark"

MLB commissioner Rob Manfred expresses support for the Kansas City Royals' plans for a new stadium, highlighting the potential for revenue generation and urban development. The Royals are considering two potential sites near downtown Kansas City, with the decision to be announced in September. The new stadium project is estimated to cost $2 billion, with a portion of the funding expected to come from a sales tax renewal. The Royals aim to complete the stadium in three years, creating jobs and generating significant economic output. Manfred cites the success of new stadiums in revitalizing neighborhoods and driving revenue for other MLB teams.

via ESPN|
#kansas-city-royals#mlb#revenue-generation
politics2 years ago

2023 State-by-State Guide to Marijuana Legalization in the US

As of April 2023, 20 states and the District of Columbia have legalized weed for recreational use while 27 states allow it for varying medicinal purposes. Three states — Idaho, Kansas, and Nebraska — prohibit it entirely. A strong majority of Americans support the legalization of cannabis. States that have legalized marijuana have used the opportunity to generate revenue through a "cannabis tax." The U.S. cannabis market could see sales reaching $57 billion to $72 billion by 2030. However, federal cannabis policy views the drug as illicit, and therefore, the varying taxation in states has resulted in losses for cannabis businesses.

via Yahoo Finance|
#cannabis-tax#politics#public-opinion