Fox Company Assertion on Authorized Dispute with Flutter Leisure Regarding FOX’s Proper to Purchase an 18.6% Fairness Curiosity in FanDuel

NEW YORK–() – Fox Corporation (Nasdaq: FOXA, FOX) today released the following response to media reports regarding its litigation with Flutter Entertainment plc (“Flutter”):

Fox Corporation has filed a lawsuit against Flutter to enforce its rights to acquire an 18.6% stake in FanDuel Group – an American sports betting brand – at the same price that Flutter paid for that stake in December 2020. The lawsuit was previously filed as arbitration by JAMS in New York, NY with the consent of the parties.

About Fox Corporation

Fox Corporation produces and distributes compelling news, sports and entertainment content through its well-known brands including FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. These brands have cultural significance for consumers and commercial significance for retailers and advertisers. The breadth and depth of our presence enables us to deliver content that engages and informs audiences, build deeper customer relationships, and create more compelling product offerings. FOX can look back on an impressive track record in the news, sports and entertainment industries, which shapes our strategy of leveraging existing strengths and investing in new initiatives. For more information about Fox Corporation, visit www.FoxCorporation.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “should”, “likely”, “anticipate”, “expect”. “Intentions,” “plans,” “projects,” “beliefs,” “estimates,” “prospects” and similar expressions are used to identify these forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to uncertainties and changes in circumstances. Actual results may differ materially from those expressed in the statements in this press release due to changes in economic, business, competitive, technological, strategic and / or regulatory factors and other factors that affect the Company’s business, including the effects of COVID-19 and other widespread health emergencies or pandemics and measures taken to contain their spread. More detailed information about these factors can be found in the company’s filings or on file with the Securities and Exchange Commission (the “SEC”), including the company’s annual report on Form 10-K for the year ended June 30, 2020 .

Statements in this press release speak only as of the date of its publication, and the company undertakes no obligation to update or revise any forward-looking statements in this press release or to report any events or circumstances after that press release or to reflect the occurrence of unexpected events or to address such statements Adjust actual results or changes in company expectations, unless required by law.

SMC Leisure Indicators Definitive Buy Settlement to Purchase Spectrum Leisure LLC

SAN FRANCISCO, CA / ACCESSWIRE / February 24, 2021 / SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC PINK: SMCE), a provider of products and services to the entertainment industry, digital communications and content distribution solutions, is pleased to announce that it has entered into a definitive purchase agreement to acquire 100% of Michigan-based Spectrum Entertainment LLC (“Spectrum LLC”) Has. for the equity of SMC Entertainment. SMC expects this acquisition to close soon and will publish the terms of the acquisition when it is closed.

Spectrum Midway & Carnival, the marketing brand name of Spectrum LLC, specializes in rides, games, food and fun for the whole family. Spectrum LLC has been in operation for over 25 years. Revenue for the 2018 and 2019 fiscal years was $ 597,153 and $ 618,204, respectively. Spectrum LLC saw a significant drop in revenue in FY 2020 due to the troubled US economy and expects revenues to recover in FY 2021 as the economy opens up and market conditions improve. At the end of fiscal 2020, Spectrum LLC’s net assets were $ 1,569,000. All figures are unaudited.

SMC will use this acquisition to expand its business plan to include established and proven revenue generating companies that require minimal working capital to operate their existing infrastructure. SMC intends to invest additional capital to increase Spectrum LLC’s market share and add additional games and rides.

Rick Bjorklund, President and CEO of SMC stated: “Since joining the SMC team in 2018, we have continued to seek acquisition opportunities in fragmented markets with an appropriate acquisition valuation. This acquisition provides SMC with additional revenue and strengthens our material assets We believe that there are more strategic acquisitions in this area and we will invest our time in finding the right synergetic expansion opportunities. “

The story goes on

Dan Barbacovick, Founder and Owner of Spectrum LLC, said: “We are pleased that SMC Entertainment has confidence in our growth strategy. Rick Bjorklund has extensive experience in the community events business that fits very well with Spectrum’s goals and visions ! “

About Spectrum Entertainment LLC
Spectrum Entertainment LLC has provided rides, games, food and fun for all the family for over 25 years through its marketing brand Spectrum Midway & Carnival. For more information visit www.spectrumcarnival.com.

About SMC Entertainment, Inc.
SMC Entertainment, Inc. is a provider of products and services to the entertainment industry, digital communications and media content marketplaces. Our multidisciplinary sales approach offers a platform to increase sales growth through acquisitions. For more information visit www.smceinc.com.

Press contact:
Ron Hughes
Operations manager
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.com

Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These statements contain statements regarding the intent, belief, or current expectations of the company, its members of management and assumptions on which such statements are based. Potential investors are cautioned that such forward-looking statements are no guarantee of future performance and involve risks and uncertainties and that actual results could differ materially from those anticipated in such forward-looking statements.

SOURCE: SMC Entertainment, Inc.

View source version on accesswire.com:
https://www.accesswire.com/631495/SMC-Entertainment-Signs-Definitive-Purchase-Agreement-to-Acquire-Spectrum-Entertainment-LLC

ONE Leisure to Purchase VNM USA to Add New Period Digital Advertising and marketing Providers

“VNM USA has an uncanny ability to spot new forms of marketing before they take off. I first came across her work last year at CES 2020 when I witnessed her Inevitable / Human campaign Turn Ubers’ back side windows into digital displays and take over the Las Vegas Strip, “said Brent Johnson, CEO & founder of the ONE Entertainment Group. “By acquiring VNM USAWe will be able to better serve our customers’ needs by offering innovative marketing services to a wider range of customers and by extending the offer to existing customers. Ryan and his team have a proven track record of creating campaigns that excite companies like Starbucks, BMW, and Providence St. Joseph Health. I am very excited to bring her on board to expand the company’s capabilities with dynamic employees who relentlessly strive for excellence and innovation in marketing technique and execution.

ONE Entertainment has built a multinational brand that ranges from worldwide distribution to the activation of live events to the coordination of multinational transactions. ONE Entertainment had created activations for people like Floyd Mayweather, worked with The Jim Henson Company on numerous projects for Universal Music Group, Endemol and Warner Elektra Atlantic (WEA) and many more.

VNM USA was founded in 2013 by QuHarrison Terry and Ryan Cowdrey in the Madison, Wisconsin.

“We’re obsessed with finding that one piece of research or research that indicates a trend in our customers’ market. Whether it’s a potential data point in the market or emerging consumer behavior, we focus a lot of our campaigns on Insights that enable our customers to understand the value of emerging customers. ” Trends “said Ryan Cowdrey, Partner at VNM USA. “ONE Entertainment shares many of the same values ​​as VNM USAThat makes me confident of integrating our process into ONE Entertainment’s impressive talent pipeline. “

Ryan Cowdrey
505-333-9117
[email protected]

SOURCE VNM USA

related links

vnmusa.com

Union Purchase $50,000 in Allocation Cash From LAFC – Philadelphia Sports activities Nation

On Thursday, the union announced that it had acquired $ 50,000 in allocation funds from LAFC. In return the union have exchanged the homegrown player rights for goalkeeper and graduate of the YSC Academy, Tomas Romero. Philadelphia continued to do business, making big bucks for general allotment.

The 20-year-old goalkeeper recently played for Georgetown University when he recorded 10 wins, two draws and seven shutouts in his freshman year. In 2019, he led the Hoyas to their first NCAA Soccer College Cup title by registering the final parade in a PK shootout and winning the College Cup as the second graduate of the YSC Academy. This was certainly an impressive feat that must have caught the attention of LAFC.

Before Romero moved to Georgetown, he played for the union Academy and Bethlehem Steel FC /union II. At the age of 16, he was the youngest goalkeeper to start a USL championship game when he started in the goal in Bethlehem in April 2017. In the same season Romero made history again as the youngest player to win a league competition. He then played a total of 17 USL games and recorded two shutouts. Romero was for that too union The Academy’s U15 / 16, U17 / 18 and U18 / 19 teams play a total of 36 games, including 35 starts.

Internationally, Romero has been nominated to El Salvador’s U17 and U23 teams, including the 2017 Concacaf U17 Championship. Romero certainly has the talent and skills to be a solid player in MLS, and with that move has he got the chance to fight for the starting job for one of the best teams in the league.

The Union also swapped all of their picks from this year’s MLS SuperDraft along with their first round for next year. They traded next year’s election for Nashville SC and will look to the academy and homegrown players to filter the youth through the club. If they can continue to sell some of their young players to European teams for even more money, with these assets and their current players they will be well prepared for the future.

#BAPTISM

“Featured image: Rafael Suanes / Georgetown University”