Streetbeat News

Marketing

PARA

The Professional Fighters League (PFL) has acquired Bellator from Paramount Global (NASDAQ:PARA), positioning itself as a co-leader in the MMA industry. The combined PFL and Bellator fighter roster is now on par with UFC, with 30% of fighters being top 25 world-ranked. PFL plans to launch a reimagined Bellator in 2024 with the Bellator International Champions Series and a mega-event featuring PFL Champions vs. Bellator Champions. The acquisition enhances PFL's live fight franchises and its year-round calendar of 30 premium MMA events. PFL's global expansion includes the development of international leagues and innovative technologies like the PFL SmartCage. Financial advisors Citi and LionTree, along with legal counsel Sidley Austin LLP, assisted PFL in the acquisition.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:32 pm

DTC

Solo Brands Inc (NYSE:DTC) shares rose after announcing Snoop Dogg as their spokesperson and 'smokesman' for Solo Stove. Snoop Dogg's recent 'giving up smoke' announcement was a teaser for this partnership. Solo Stove, known for its smokeless fire pits, will collaborate with Snoop Dogg on product innovation and a new signature line. A limited edition bundle, including a fire pit designed by Snoop Dogg, was released for sale at $349.99.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 4:14 pm

BID

Sotheby's is set to auction six shirts worn by Lionel Messi during Argentina's 2022 World Cup victory, with estimates exceeding $10 million. The shirts, including one from the final, could become the most valuable sports memorabilia ever auctioned. The current record is held by Michael Jordan's 1998 NBA Finals Jersey at $10.1 million. The auction, running from November 30 to December 14, follows the sale of Diego Maradona's 'Hand of God' shirt for $9.3 million. The auction is organized by AC Momento, a US tech startup, and a portion of proceeds will support the UNICAS project in partnership with the Leo Messi Foundation.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:08 pm

DTC

Snoop Dogg's announcement about quitting smoke was revealed to be part of an advertisement for Solo Brands' Solo Stove, a smokeless fire pit brand. This has led to speculation about the authenticity of his initial statement and its role in a marketing strategy. Snoop Dogg, known for his association with cannabis, surprised fans with his decision to quit smoking, but the ad featuring him promoting Solo Stove suggests it may have been a publicity stunt. The situation highlights the blurred lines between personal convictions and marketing in the digital age.

Portfolio Pulse from Javier Hasse

November 20, 2023 | 3:48 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, GOOGL, TSLA, META, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible breakouts or reversals. Microsoft is noted for a premarket spike due to a new AI team, while NVIDIA's upcoming earnings announcement is highlighted as a key event. The focus for the week is on AI and technology companies, with traders advised to stay alert for market movements.

Portfolio Pulse from RIPS

November 20, 2023 | 3:37 pm

DTC

Snoop Dogg has partnered with Solo Stove, a brand within Solo Brands (NYSE: DTC), to become their official 'smokesman' and promote their smokeless fire pits. He announced the partnership to his 129M social media followers, clarifying his previous statement about giving up smoke referred to fire pit smoke. The collaboration includes a limited edition bundle featuring a Bonfire Fire Pit designed by Snoop, which will be sold for $349.99 starting Nov. 20th.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:19 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is showcasing Cybertrucks in U.S. showrooms ahead of the vehicle's production launch at the end of the month. The Cybertruck, which was unveiled four years ago, has generated significant interest with a large number of reservations. The showroom displays are part of Tesla's strategy to build excitement and drive foot traffic, potentially increasing sales of its current models during the important end-of-year sales period.

Portfolio Pulse from Benzinga EV Insights

November 20, 2023 | 2:27 pm

DIS

FOX

Hotstar set a new viewership record in India with 59 million concurrent viewers for the World Cup cricket match, surpassing JioCinema's peak of 32 million. Despite this, Walt Disney Co (NYSE:DIS), which owns Hotstar, has lost over 23 million subscribers in India over the past year. Disney is considering various options for its future in India and has held talks with Reliance and other firms. The market shift has led Disney to focus on core businesses, facing competition from Ambani's Viacom18, which is investing heavily in IPL streaming. Disney maintains high expectations for the ICC Cricket World Cup viewership.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 2:23 pm

ROKU

Roku has partnered with Unity to integrate TV streaming advertising into mobile app performance marketing. This collaboration aims to leverage Roku's advertising capabilities with Unity's extensive reach in the gaming industry, potentially offering advertisers a more comprehensive platform to target audiences across TV and mobile gaming environments.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:09 pm

SNES

SenesTech, Inc. has expanded its distribution through DIY Pest Control with an initial stocking order for its Evolve Soft Bait fertility control product. Evolve is a nonlethal rodent fertility control solution that is highly palatable to rats and can be used in various environments. The product aims to manage rodent populations by reducing their fertility. SenesTech's CEO, Joel Fruendt, expressed satisfaction with the expanded distribution relationship, which builds on the past success of distributing ContraPest products. DIY Pest Control's President, Fletcher Cline, anticipates Evolve will be a strong seller, complementing the demand for other SenesTech products like the Elevate and Isolate Bait Systems.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:04 pm