Athletes are now media companies, capable of reaching a mass audience directly without the assistance of one of the traditional broadcast platforms. But that is not the end but only of the beginning of the aggregation of power that has been accumulated in the athlete brand as exemplified by athletes like Lebron James.
And this narrative extends beyond James. Kevin Durant and Rich Kleiman’s Thirty5 Ventures, Stephen Curry’s Unanimous Media, Sue Bird, Alex Morgan, Chloe Kim, and Simone Manuel’s Togethxr, and Tom Brady’s 199 Productions are all contributing to the narrative, each with their unique mission and focus. These companies underscore the evolution of athletes into media moguls, creating and distributing original content and curating narratives around sports, culture, business, and more.
LeBron James’s SpringHill Company, co-created with Maverick Carter remains the most high profile example. This entertainment entity develops and produces content in partnership with some of the biggest brands and platforms globally. It recently sold a minority stake in the company at a $750 Million valuation to a series of investors including Nike, Epic Games, and Red Bird Capital Partners and the owners of the Boston Redsox.
Now not only can athletes reach their fans directly but they can serve as a magnet to attract other valuable content. The same cult of celebrity that makes people want to engage with athlete content also put those athletes in a position to attract great projects because of who they are and what they represent. In other words, they have an unfair advantage in securing scripts and attracting talent.
This trend has disrupted the traditional sports and entertainment space, shifting the narrative from athletic prowess to off-field influence. This heralds a future where these figures emerge not merely as performers but as driving forces behind content creation, curation, and delivery.
Building upon the previously discussed potential of athletes becoming media companies, a fresh trend is emerging. Athletes are now transitioning from merely creating and distributing content to becoming fully-fledged production houses and entertainment leaders.
It was recently announced that SpringHill will co-host a film festival in Los Angeles with Tribeca Enterprises, called the Uninterrupted Film Festival. The event aims to spotlight creators who “inspire the athlete mindset and ignite change through compelling stories.” This illustrates that James’s ambitions extend far beyond simply hosting content – he’s leveraging his platform to empower other athletes and creators, fostering a culture of inclusivity and diversity in the industry.
The Uninterrupted Film Festival isn’t solely about films. It features panel discussions with prominent athletes like Joel Embiid and Kayvon Thibodeaux, and will host a live podcast recording of The Draymond Green Show. These elements underscore the multifaceted nature of these ventures. Athletes aren’t just producing and showcasing content; they’re stimulating dialogue, sparking discussions, and cultivating a sense of community.
So, what does this mean for the future? The emergence of athletes and celebrities as media powerhouses signifies a new era in the entertainment industry. In the coming years, we can anticipate these figures leveraging their star power and influence to attract high-profile projects, establish strategic partnerships, and shape cultural narratives in a more profound manner.
This is not just an evolution; it’s a revolution – a paradigm shift from traditional media practices to a more inclusive, diverse, and authentic media landscape. As these athletes and celebrities navigate their way through this uncharted territory, we, the audience, have front-row seats to witness the dawn of a new age in media and entertainment. The game has changed, and it’s more captivating than ever.
Source: https://www.forbes.com/sites/leonardarmato/2023/06/30/lebron-james-leads-the-athlete-movement-from-media-company-to-production-powerhouse/