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Sports valuations and the financial fundamentals behind them
Bloomberg Live says RedBird Capital’s Gerry Cardinale sees a sports bubble and views technology as essential to Hollywood’s future.
TLDR
Bloomberg Live shared an interview in which RedBird Capital founder Gerry Cardinale said sports valuations have outrun financial fundamentals, calling it “a bit of a bubble.” Its takeaways also say Paramount went from eight movies a year to 15 under new ownership and RedBird X has incubated seven AI businesses.
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