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Dodgers designated hitter Shohei Ohtani, #17, watches his ball soar after hitting his first home run as a Dodger off of Giants pitcher Taylor Rogers, # 33, in the seventh inning at Dodger Stadium in Los Angeles Wednesday, April 3, 2024.

Allen J. Schaben | Los Angeles Times | Getty Images

Several months after Fanatics signed NBA superstar Lebron James to an exclusive wide-ranging trading cards and collectibles deal, Fanatics-owned Topps has signed an exclusive long-term global trading card deal with one of baseball’s biggest stars: Shohei Ohtani.

The new deal, which begins immediately, will include autographed and game-used memorabilia cards, focusing on both U.S.- and Japan-based products. Ohtani and Topps previously had a partnership that dated back to 2018, but that deal was non-exclusive. Ohtani also has an exclusive memorabilia partnership with Fanatics that focuses on selling autographed collectibles and products like jerseys and baseballs.

Since acquiring Topps for $500 million in 2022, Fanatics has looked to elevate the once sleepy industry of trading card collecting, aiming to grow the hobby with both casual sports fans who may buy a pack of cards at a big box retailer like Target or Walmart at the start of a season as well as the more investment-driven collector willing to pay hundreds of thousands of dollars for rare and unique cards.  

David Leiner, president of trading cards at Fanatics Collectibles, said partnerships like this one with Ohtani help “push the category” and it goes beyond just having Ohtani sign cards that will end up randomly in packs.

“What we’ve tried to do with the top players in the world is not just have them sign 1,000 cards sitting in a hotel room for two hours,” Leiner said. “We want to bring them in as a true partner, help promote the products, understand the products, and design products with us.”

Ohtani, the two-time MVP who signed a record $700 million, 10-year contract with the Los Angeles Dodgers in 2023, is in the midst of another potentially historic season and is on track to potentially become the first player in MLB history to hit 50 home runs and steal 50 bases in the same season.

Leiner said Ohtani’s already massive global popularity will help further expand the Topps brand and trading cards. Less than 10% of Topps’ business is currently driven from outside North America, Leiner said, although that is “growing significantly.”

Topps does not disclose its revenue, but as part of a potential SPAC deal it floated in 2021, the company reported it had record sales of $567 million in 2020, a 23% year-over-year increase. That SPAC deal was later canceled after Fanatics acquired the MLB trading card rights, which ultimately led to Fanatics’ acquisition of the company.

Even amid larger consumer spending concerns, Leiner said that Topps is continuing to see growth, a reflection of the expansion of the trading card industry in recent years as well as Fanatics’ continued investment. “[Fanatics founder] Michael Rubin poured fuel on a fire,” Leiner said.

Beyond baseball, Fanatics has acquired the exclusive rights to distribute trading cards for several other sports, including the NBA and NFL in coming years.

“The business is as healthy as it has ever been,” Leiner said, adding that the company is seeing expansion across the various lines of its business from direct-to-consumer offerings to hobby shop sales and retail, and within the secondary market.

“When [Rubin] acquired Topps, he publicly stated that he thought we were in the second or third inning and there was a lot more to go,” Leiner said. “I think he’s put his money where his mouth is and we’re achieving that growth.”

Fanatics raised $700 million in December 2022 to bring its valuation to $31 billion, capital that it planned to use on potential merger and acquisition opportunities across its collectibles, betting and gaming businesses, according to CNBC. Fanatics is a three-time CNBC Disruptor 50 company, and ranked No. 21 in 2022.

Fanatics CEO Michael Rubin on Fanatics Fest NYC: There's never been a sports festival in the world

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Amazon was questioned by House China committee over ‘dangerous and unwise’ TikTok partnership

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Amazon was questioned by House China committee over 'dangerous and unwise' TikTok partnership

Amazon logo on a brick building exterior, San Francisco, California, August 20, 2024.

Smith Collection | Gado | Archive Photos | Getty Images

Amazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company’s partnership with TikTok, CNBC confirmed.

A spokesperson for the House Select Committee on the Chinese Communist Party confirmed the meeting, which centered on a shopping deal between Amazon and TikTok announced in August. The agreement allows users of TikTok, owned by China’s ByteDance, to link their account with Amazon and make purchases from the site without leaving TikTok.

“The Select Committee conveyed to Amazon that it is dangerous and unwise for Amazon to partner with TikTok given the grave national security threat the app poses,” the spokesperson said. The parties met in September, according to Bloomberg, which first reported the news.

Representatives from Amazon and TikTok did not immediately respond to CNBC’s request for comment.

TikTok’s future viability in the U.S. is uncertain. In April, President Joe Biden signed a law that requires ByteDance to sell TikTok by Jan. 19. If TikTok fails to cut ties with its parent company, app stores and internet hosting services would be prohibited from offering the app.

President-elect Donald Trump could rescue TikTok from a potential U.S. ban. He promised on the campaign trail that he would “save” TikTok, and said in a March interview with CNBC’s “Squawk Box” that “there’s a lot of good and there’s a lot of bad” with the app.

In his first administration, Trump had tried to implement a TikTok ban. He changed his stance around the time he met with billionaire Jeff Yass. The Republican megadonor’s trading firm, Susquehanna International Group, owns a 15% stake in ByteDance, while Yass has a 7% stake in the company, NBC and CNBC reported in March.

— CNBC’s Jonathan Vanian contributed to this report.

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Amazon launches fixed pricing for treatment of conditions such as hair loss. Hims & Hers stock drops 15%

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Amazon launches fixed pricing for treatment of conditions such as hair loss. Hims & Hers stock drops 15%

A worker delivers Amazon packages in San Francisco on Oct. 24, 2024.

David Paul Morris | Bloomberg | Getty Images

Amazon on Thursday announced Prime members can access new fixed pricing for treatment of conditions like erectile dysfunction and men’s hair loss, its latest effort to compete with other direct-to-consumer marketplaces such as Hims & Hers Health and Ro.

Shares of Hims & Hers fell as much as 17% on Thursday, on pace for its worst day.

Amazon said in a blog post that Prime members can see the cost of a telehealth visit and their desired treatment before they decide to proceed with care for five common issues. Patients can access treatment for anti-aging skin care starting at $10 a month; motion sickness for $2 per use; erectile dysfunction at $19 a month; eyelash growth at $43 a month, and men’s hair loss for $16 a month by using Amazon’s savings benefit Prime Rx at checkout.

Amazon acquired primary care provider One Medical for roughly $3.9 billion in July 2022, and Thursday’s announcement builds on its existing pay-per-visit telehealth offering. Video visits through the service cost $49, and messaging visits cost $29 where available. Users can get treatment for more than 30 common conditions, including sinus infection and pink eye.

Medications filled through Amazon Pharmacy are eligible for discounted pricing and will be delivered to patients’ doors in standard Amazon packaging. Prime members will pay for the consultation and medication, but there are no additional fees, the blog post said.

Amazon has been trying to break into the lucrative health-care sector for years. The company launched its own online pharmacy in 2020 following its acquisition of PillPack in 2018. Amazon introduced, and later shuttered, a telehealth service called Amazon Care, as well as a line of health and wellness devices.

The company has also discontinued a secretive effort to develop an at-home fertility tracker, CNBC reported Wednesday.

— CNBC’s Annie Palmer contributed to this report.

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WikiLeaks whistleblower Chelsea Manning says censorship is still ‘a dominant threat’

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WikiLeaks whistleblower Chelsea Manning says censorship is still 'a dominant threat'

Chelsea Manning: Censorship still a dominant threat

Former U.S. Army intelligence analyst Chelsea Manning says censorship is still “a dominant threat,” advocating for a more decentralized internet to help better protect individuals online.

Her comments come amid ongoing tension linked to online safety rules, with some tech executives recently seeking to push back over content moderation concerns.

Speaking to CNBC’s Karen Tso at the Web Summit tech conference in Lisbon, Portugal, on Wednesday, Manning said that one way to ensure online privacy could be “decentralized identification,” which gives individuals the ability to control their own data.

“Censorship is a dominant threat. I think that it is a question of who’s doing the censoring, and what the purpose is — and also censorship in the 21st century is more about whether or not you’re boosted through like an algorithm, and how the fine-tuning of that seems to work,” Manning said.

“I think that social media and the monopolies of social media have sort of gotten us used to the fact that certain things that drive engagement will be attractive,” she added.

“One of the ways that we can sort of countervail that is to go back to the more decentralized and distribute the internet of the early ’90s, but make that available to more people.”

Nym Technologies Chief Security Officer Chelsea Manning at a press conference held with Nym Technologies CEO Harry Halpin in the Media Village to present NymVPN during the second day of Web Summit on November 13, 2024 in Lisbon, Portugal. 

Horacio Villalobos | Getty Images News | Getty Images

Asked how tech companies could make money in such a scenario, Manning said there would have to be “a better social contract” put in place to determine how information is shared and accessed.

“One of the things about distributed or decentralized identification is that through encryption you’re able to sort of check the box yourself, instead of having to depend on the company to provide you with a check box or an accept here, you’re making that decision from a technical perspective,” Manning said.

‘No longer secrecy versus transparency’

Manning, who works as a security consultant at Nym Technologies, a company that specializes in online privacy and security, was convicted of espionage and other charges at a court-martial in 2013 for leaking a trove of secret military files to online media publisher WikiLeaks.

She was sentenced to 35 years in prison, but was later released in 2017, when former U.S. President Barack Obama commuted her sentence.

Asked to what extent the environment has changed for whistleblowers today, Manning said, “We’re at an interesting time because information is everywhere. We have more information than ever.”

She added, “Countries and governments no longer seem to invest the same amount of time and effort in hiding information and keeping secrets. What countries seem to be doing now is they seem to be spending more time and energy spreading misinformation and disinformation.”

Manning said the challenge for whistleblowers now is to sort through the information to understand what is verifiable and authentic.

“It’s no longer secrecy versus transparency,” she added.

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