Culture

Drake Moves to Buy Back Full Ownership of OVO

Drake's OVO apparel brand, which generates more than $50 million in annual revenue, is in advanced talks to sell a 50 percent stake to a major licensing company — following the same playbook that turned Rocawear and Sean John into cautionary tales.

Culture

Cash Money and No Limit Records Announce Joint Arena Tour

Cash Money and No Limit Records announced a 17-date fall arena tour with Master P, Birdman, Juvenile, Mannie Fresh, B.G., and Boosie — the first joint tour for the two New Orleans hip-hop dynasties.

Culture

French Montana Backs GoFundMe for NYC Cab Driver Attacked During Knicks Celebration

French Montana initiated a GoFundMe for Noureddine Bitat, a 59-year-old NYC cab driver who was attacked and had his taxi destroyed by a mob celebrating the Knicks' Game 4 win near Madison Square Garden.

Culture

LVMH's CHAMP Fund Takes Minority Stake in Athlete Apparel Brand Rhoback

CHAMP, a $500 million fund backed by LVMH's L Catterton and more than 250 athletes, invested nearly $50 million in activewear brand Rhoback — the profitable, $150 million brand's first outside capital ever.

Culture

Kith Commemorates the Knicks' 2026 NBA Title With a Made-to-Order Collection

Kith is commemorating the New York Knicks' 2026 NBA championship with a made-to-order collection led by an AVIREX-built leather bomber, plus a '47 snapback, the Leon Shirt and a co-branded vintage tee — U.S. online only and final sale.

Culture

The Athletic Ranks Ghana's Shirt the Best Jersey of the 2026 World Cup

The Athletic ranked Ghana's home shirt No. 1 among all 48 nations at the 2026 World Cup, praising its Kwaku Ananse spider-web design over kits from Brazil, England and Germany.

Daily Roundup

The Daily Roundup: Nike's X2 World Cup Pack, Knicks Win the Title, Spielberg's $44M 'Disclosure Day,' and JPMorgan's AI Pivot — June 15, 2026

Nike's seven-collab X2 Cryoshot World Cup pack lands on SNKRS June 16 at $210 a pair, the Knicks close out the Spurs for their first NBA title since 1973, and Steven Spielberg's "Disclosure Day" opens at No. 1 with $44 million.

Culture

Levi's Covers Its Own Logo as FIFA Renames Its Stadium for the World Cup

FIFA's 'clean stadium' rule forces the 11 NFL World Cup venues to drop sponsor names, leaving Levi's Stadium nameless — so Levi's leaned in, covering its own logo online and welcoming the world to 'the beautiful stadium.'

Culture

NYC DOT Jokingly Threatens Sesame Street Sign After Elmo Backs the Spurs

After Elmo posted well-wishes to the Spurs during the NBA Finals, Knicks fans erupted and the NYC Department of Transportation jokingly threatened to take down the Sesame Street sign at West 63rd and Broadway.

Culture

CAA and TPG Launch $250 Million Holding Company for Creator-Led Businesses

CAA and TPG's Integrated Media Company are backing Compound Creative Holdings with $250 million to acquire and operate businesses built by YouTubers and other online creators, led by managing partner Tucker Brown.

Culture

Justice Department Clears $110 Billion Paramount-Warner Bros. Merger

The Justice Department's Antitrust Division cleared the $110 billion Paramount-Warner Bros. Discovery merger after an eight-month review, finding no harm to competition — though state attorneys general are still preparing to sue to block it.

Culture

Jason Blum to Earn $17 Million From 'Obsession' Box-Office Bonuses

Jason Blum's Blumhouse Atomic is set to earn $17 million in box-office bonuses on Obsession — a $750,000 indie horror film that Focus Features bought for $15 million and that has now grossed over $229 million worldwide.