After two seasons cut short by the pandemic, the NHL is expected to give up the puck on a full 82-game schedule starting Tuesday. With 32 teams after the addition of the Seattle Kraken and returning fans in every building, it’s good to see hockey flourish again. ??
Although he initially characterized the September 10 decision in the Epic Games v. Apple’s “resounding victory”, Applehas now appealed the decision.
The App Store generates approximately $ 19 billion per year and derives most of its money from in-app purchases in free downloadable games. The move only affects US-based companies, which account for around a third of the App Store’s global revenue.
Judge Yvonne Gonzalez Rogers ruled in favor of Apple in nine of the 10 claims Epic has filed a lawsuit against the company, but the tech giant is still seeking a reprieve that would put a freeze on app developers exploring alternative payment methods.
Epic has already filed its own appeal on September 12, after Judge Gonzalez Rogers determined that the maker of “Fortnite” had broken its contract with Apple.
Apple is not obligated to restore “Fortnite” to the App Store.
Epic is to pay Apple damages amounting to $ 3.65 million for 30% of Epic’s direct payment system revenue in “Fortnite” on iOS.
If Apple wins the stay, any rule changes that would allow developers to bypass the App Store’s 15-30% fee might not go into effect until the appeals in the case are over, which could take years. .
The world’s largest athletic shoe maker – which works with Nike and adidas – faces huge labor shortages in Vietnam linked to the pandemic.
About 40,000 workers did not come back at a facility in Ho Chi Minh City owned by the Taiwanese company Pou Chen Corp. when it reopens on Wednesday. The facility closed in July due to the increase in COVID-19 cases.
Nike could lose up to 160 million pairs of shoes due to factory closures in Vietnam, which normally supplies about half of its shoes.
Nike and adidas both have good quarters.
Nike posted $ 12.2 billion revenue in the first quarter of fiscal 2022 – an increase of 12% over the same period last year and almost matching the $ 12.3 billion in the previous quarter.
Adidas quarterly revenue increased 51% yoy in the second quarter to $ 6 billion, rebounding to $ 470 million in net income after a loss of $ 349 million in the second quarter of 2020.
After registering very few cases of COVID-19 until April, the virus surged in Vietnam in September, with active cases peaking at over 225,000. The Southeast Asian nation has just under 100 million people.
Active cases fell sharply over the past week to 48,126 on Thursday.
Sotheby’s / Design: Alex Brooks
The collectible sporting goods market continues to have record sales this year, and for Sotheby’s, sneakers are the fastest growing category, attracting 55% of new customers.
Sotheby’s has opened Michael Jordan’s rookie sneakers advanced auction on the Friday prior to the live auction on October 24, adding to the $ 5 million the auction house expects to make sneakers this year.
Estimated to sell for between $ 1 million and $ 1.5 million, Jordan’s white Nike Air Ships are set to become the most expensive pair of sneakers ever to be auctioned, breaking the current record of $ 615,000 for a pair of 1985 Jordan 1s worn in-game, auctioned by Christies in 2020.
MJ’s sneakers aren’t the only collectibles making headlines this year.
Last week, an autographed photo of Joe Jackson “Shoeless” from 1911 was sold for $ 1.47 million at Christie’s, the most paid for a signed sports photo.
In August, an Honus Wagner baseball card sold for a record $ 6.6 million.
A prototype of Kanye West’s first Nike Air Yeezy sold for $ 1.8 million in a private sale at Sotheby’s in April.
Sotheby’s, Christie’s and Phillips totaled $ 5.8 billion in sales in the first half of the year.
John E. Sokolowski-USA TODAY Sports / Design: Alex Brooks
The NHL has its eyes on Mexico in an effort to expand its Latin American fan base.
While an expansion squad is unlikely at this time, a pre-season or regular-season game in Mexico could be a reality.
“We have to stop relying on people who want to choose hockey for themselves,” retired Cuban NHL goaltender Al Montoya told ESPN. “We have to go where they are.
The NHL has taken steps to engage with Latin culture in recent years, launching a Spanish-language website in 2019, and celebrating Hispanic Heritage Month for the first time a year later.
Other American leagues have ventured south of the border for decades:
The NFL International Series has been hosting games in Mexico since 2016, after a one-time effort in 2005.
The NBA Global Games have been offering a mix of pre-season and regular-season competitions in Mexico City since 1992.
A handful of MLB games have been played in Mexico since 1996.
In 2019, MLS and Liga MX kicked off the Leagues Cup with clubs from both countries.
NHL commissioner Gary Bettman recently said the league expects to generate over $ 5 billion of revenue during the 2021-2022 season as it returns from pandemic lows.
Electronic Arts’ “Madden” series is with its very first football club, Tottenham Hotspur, in the latest version of the game.
Hong Kong’s gym chain Pure Group seeks to raise $ 100 million for funds an expansion in China.
Nike set to end sales in Israeli stores in May 2022.
2020 saw an increase in the average length of sponsorship deals across most of the major leagues. Find out how to leverage data to maximize referrals and more in FOS & KORE’s new white paper. *
* Sponsored content
Which side are you on in the ongoing legal battle between Apple and Epic?
Friday’s response 31% of respondents own or plan to buy “FIFA 22”.
* All times are EST, unless otherwise noted. * Dimensions / lines subject to change. The T & Cs apply. See draftkings.com/sportsbook for more details.