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Heres a deeper look at what the CEOs and media barons should expect when they hit the posh mountain retreat in the Sawtooth Mountains. Gold Resource Corporation (NYSE:GORO) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ETCompany Participants. Updated: 12:32 pm PT 6/7/21 to reflect that John Stankey will not attend the conference. Allen & Co. has not officially confirmed the conferences return, but a check of Sun Valley Resorts reservation system which books the Lodge, Inn and more accommodations shows the week after July 4 is blocked out, and the local newspaper Idaho Mountain Express reported that the conference would return. Join half a million readers enjoying Newsweek's free newsletters. It is internationally acclaimed for bringing science-driven solutions to the hide caption. This week, the aggregate wealth of the men and women staying at the Sun Valley Resort is likely to reach more than $1 trillion, according to an NPR article. The conferences guest list is notably lacking in diversity, with only a few people of color and Black media leaders invited. With that in mind, any photos or reports of Chapek and Iger chatting, or simply standing near each other, could draw attention. Billionaires broke bread at tables near a pond outside the Sun Valley Inn. Ted Sarandos and Reed Hastings, formerly masters of the universe, are now in the awkward position of leading Netflix during its new underdog phase (head of global TV Bela Bajarias word, not ours). WebThe Allen D. Leman Swine Conference is an annual educational event for the global swine industry. Because of the pandemic, the family-run investment firm cancelled the event last year for the first time in its history. Tim Cook and Eddy Cue have arrived in Sun Valley, Idaho https://t.co/qiiZizaxFT pic.twitter.com/CHoozGCcL4 After all, both Bob Chapek, the embattled Disney chief, and Bob Iger, the man he has struggled to replace, are on the guest list for the 2022 iteration of Sun Valley. Discovery CEO David Zaslav, Oprah Winfrey. About BoiseDevContact: [emailprotected]Privacy policy | Terms, Anna Daly is a reporter for BoiseDev. The country isnt in the grips of a recession, but thats what many economists predict is on the horizon. Given weakened media and entertainment stock prices amid a difficult first half of 2022 and fears of a recession, which would hit advertising revenue of companies, many executives could over the near-term concentrate more on the blocking and tackling needed to navigate the new uncertainty than on striking big, transformative deals. The informal setting and preponderance of casual wear has led some to dub the week-long event summer camp for moguls.. The Sun Valley conference is officially in full swing. If more mergers and acquisitions are on the horizon, they may be hatched at Sun Valley, which in the past has been the locus of such mega-pacts as Comcasts purchase of NBC/Universal, the Washington Posts sale to Bezos and Disneys deal for Capital Cities/ABC. [4][9][10][11][2], and more. That all helps with the brand and marketing perspective.. Lakeland Headquarters 1401 South Florida Avenue Lakeland, FL 33803 Toll Free: 1 (800) 950-2526 Phone: (863) 688-9000 Fax: (863) 616-6354 Michael Walker Insider reported the busy private jet traffic on Tuesday saw the U.S. Federal Aviation Administration ban other planes from the country's West Coast to as far as Michigan and Canada from departing. The Black community has historically been the most underrepresented, despite the number of Black power players in media and entertainment. In years past, Allen & Co. gave each participant a Patagonia fleece a vest or a jacket, with the bank's logo embroidered on the chest. A big question was whether Bezos would make an appearance. By clicking Sign up, you agree to receive marketing emails from Insider Discovery is barely three months old in this configuration, rumors about the next big deal for the company (and whether it might involve Redstones assets) will follow Zaslav throughout the week. Of course, no writeup of the Allen & Co. Sun Valley Conference would be complete without a reference to fashion or the lack of it, depending on one's perspective. The annual Allen & Co. conference in Sun Valley, Idaho, is officially underway. And at time when some journalists can be as famous, or even more famous than some of the participants, it's natural that some members of the media would attend not to cover the events, but to hobknob as participants. The ultra-exclusive event lures some of the biggest names in finance, The guest list for Sun Valley is once again overflowing with bold faced names with the cash and egos to spur a fresh wave of M&A. Cc @JeffBezos and Lauren Sanchez are back in #SunValley more now on @FoxBusiness @LizClaman," Gasparino tweeted. Idaho; venues include the Sun Valley Lodge (above). Although Warner Bros. Thomas Allen's annual revenues The confabs 2019 attendee list included Zaslav, Comcast CEO Brian Roberts, Shari Redstone (before Viacom and CBS re-merged), Apple CEO Tim Cook, Spotify CEO Daniel Ek, Verizon CEO Hans Vestberg and IAC chairman Barry Diller. This year's conference came soon after Discovery announced a deal to buy WarnerMedia, which includes CNN, HBO and Warner Bros. Their absence made the event feel more subdued than in years past. Apple CEO Tim Cook waves at photographers as he attends the Sun Valley Conference on Thursday. But of course, moguls have products and services to sell, and you can't do that without some media exposure. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. This is driving significant increases in content spending (including local content) globally along with an uptick in churn for leading services such as Netflix (and the majority of net add growth skewing towards newer entrants)., Sign up for THR news straight to your inbox every day. Caterers took over a restaurant in the middle of the resort to prepare meals. In fact, one of the favorite pastimes is to see who's spotted with whom. management make Minnesota Power a safer place to work. The Allen & Company Sun Valley Conference is an annual media finance conference hosted and funded by private investment firm Allen & Company. Here are five takeaways from the 38th Sun Valley conference: Expected to join him is his longtime right-hand man and deals advisor, Bruce Campbell, the merged entertainment powerhouses chief revenue and strategy officer. Theyre joined in the dealmakers club by Liberty Global Chairman John Malone and top lieutenants Mike Fries and Greg Maffei, Live Nation CEO Michael Rapino, CAAs Bryan Lourd, ICMs Chris Silbermann, Microsoft CEO Satya Nadella, ViacomCBSs Shari Redstone and Viking Global Investors Andreas Halvorsen. Attendees previously likely to talk mergers and acquisitions, the go-to move for growth in recent years, especially as the streaming wars have ramped up, might put a pin in new conversations. 2023 The Hollywood Reporter, LLC. A previous version of this story incorrectly referred to Facebook CEO Mark Zuckerberg and Facebook COO Sheryl Sandberg as siblings. And of course, there was also the dealmaking, all of it behind closed doors or more accurately, behind high hedge trees and heavy security. Rising Interest Rates, Cooling M&A Fever Variety and the Flying V logos are trademarks of Variety Media, LLC. After all, PwC in a recent report noted that deals activity has recently slowed among some of the major media companies, following a peak driven by content and technology acquisitions to fuel expansion of streaming services.. Outside the Sun Valley Lodge, NFL Commissioner Roger Goodell chatted with Robert Kraft, the owner of the New England Patriots. The Allen & Co. conference typically features a heavy dose of politics and looks-ahead at technology trends in its morning conference sessions, which are 2023 The Hollywood Reporter, LLC. All Rights Reserved. After that, Chapek put his stamp on the Mouse House by filling key roles that had been held by close Iger advisors and outlining new strategic pillars for the conglomerate. This week, he returns as full-blown Hollywood titan of an expanded empire as CEO of Warner Bros. Phone: 651-291-9150/1-800-444-9150 | Email: Minnesota Safety Council. (Pictured: Warner Bros. And often, the no-shows can attract as much attention as those who are there. At a jubilant press conference outside the Colleton County Courthouse in Walterboro, state attorney general Alan Wilson hailed "a great day for the people of South IAC Chairman Barry Diller walks to a morning session at the Allen & Company Sun Valley Conference on Wednedsday in Sun Valley, Idaho. Allen But, while harder to measure, the brand cachet the conference brings helps build the areas economy. Diane Warren Performs Her 14 Oscar-Nominated Songs in Six Minutes (Exclusive Video), Comcasts NBCU and Sky Partner With MultiChoice on Showmax Streaming Service in Africa, ITV Studios 2022 Revenue Jumps 19 Percent, ITV Ad Revenue Drops Slightly, First Quarter to Fall 11 Percent, Twickenham Film Studios Chair Buys 6.95 Percent Stake in APX Group, HGTV Orders More of Two Young Shows, With an Eye on Diversifying Talent and Streaming Output, Australia's Foxtel Inks Multi-Year Deal to Retain Warner Bros. Minnesota Power an ALLETE Company 30 West Superior Street Duluth, MN 55802 On this Wikipedia the language links are at the top of the page across from the article title. BoiseDevs Don Day contributed reporting. If the job market sours and wages constrict, look for Joe and Jane Public to shed some streaming services and go to the movies even less than they already do. And deals talk, whether first contact about a potential merger, discussions of pending or completed transactions or meetings that lead to M&A conversations down the line. Also making the cut is Jason Kilar, the WarnerMedia CEO who is widely expected to be odd man out and lose his job when the companys spinoff with Discovery is finalized. Moguls gather for Allen & Co.s annual event in Sun Valley, The one-percent of the one-percenters lead busy lives, after all. If things go south, thats bad news for many media moguls, since the films and shows they produce are tailor-made for people with discretionary income. (Jassy also made it to the conference.). John Malone and Charter Directors Reach $87.5M Deal to Settle Investor Suit, 'The Covenant' Trailer: Jake Gyllenhaal Goes on Risky Rescue Mission in Guy Ritchie Thriller, Amazon Beats Expectations in Q4 Earnings, Advertising Revenue Surges to $11.6B, Rupert Murdoch, Fox Corp. 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CEO of Facebook Mark Zuckerberg walks with COO of Facebook Sheryl Sandberg at the Allen & Company Sun Valley Conference on July 8 in Sun Valley, Idaho. Discovery, may be among those commiserating about taking brutal equity losses. Casual with lots of sweater vests and Patagonia. The annual event is described to be a mixer for major tech and media moguls, according to a reporter for NPR's All Things Considered program, David Gura, who is at the event. Join Minnesota's transportation industry for three action-packed days of compelling presentations, thought-provoking panels, and the chance to network with like While the topics to be discussed at the conference are not disclosed to the public, some guesses for what might be on the table can be made based on the guest list, Gura says. A range of companies and institutions held court at dedicated tables while the most prominent business leaders in the world made the rounds of meetings that ran no more than 30-40 minutes. The Discovery chief could be joined at the annual confab of power brokers and media barons by Amazon founder Jeff Bezos, fresh off his $8.5 billion deal to purchase Metro-Goldwyn-Mayer. We all have platform envy, but they need IP to attract people to their platform.. Subscribe for full access to The Hollywood Reporter. It's reported the AOL-Time Warner deal was hatched at the conference. Moguls, Deals And Patagonia Vests: A Look Inside 'Summer Camp For Billionaires', Barry Diller Headed 2 Hollywood Studios. During a press conference announcing the deal May 17, Zaslav said it brings together the most valuable, important and exciting IP in the world., This summer, Zaslav and a slew of tech and media moguls once again are poised to board their private jets for Sun Valley, marking the return of horseback riding, rafting, guided hikes, golf and perhaps more billion-dollar deals. Before the conference got underway, the manager of the Friedman Memorial Airport in nearby Hailey, Idaho, said he expected more than 90 private planes. Afternoons are spent biking, whitewater rafting and barbecuing. Allen & Co.s annual Sun Valley conference, colloquially referred to as summer camp for moguls because of the power wattage of its attendees and the activities they enjoy in the mountains, was canceled in 2020 because of the pandemic, but with restrictions being lifted and dealmaking in full swing, the confab that led to The Walt Disney Co.s acquisition of CapCities/ABC, the much-maligned AOL-Time Warner merger, early talks between Comcast executives and NBCUniversal, and Googles takeover of YouTube is ready for a comeback. You are going to see Sun Valley and whats going on and the history of the (Allen & Co.) event. So next time there is a monumental deal in tech or media, its possible it sprouted in Sun Valley, Idaho. The investment bank doesnt publicly release a guest list or agenda for the gathering, but attendees, including speakers from the political world, tend to surface sooner or later. And its not exactly a secret that the two Bobs are barely on speaking terms these days. Gold Resource Corporation (NYSE:GORO) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ETCompany Participants. Two weeks ago, UM Kansas City lost one of its two big-time scorers when So was Walt Disney's purchase of CapCities/ABC, and Comcast's deal for NBCUniversal. Griffith said the influx of visitors may come back and continue spending dollars down the road. It's unlike any summer camp you have heard of. As in years past, there were lavish lunches and dinners, albeit al fresco. The WKU Lady Toppers complete the season sweep of the UTEP Miners after Karris Allen hits the go ahead shot to help propel the Tops to a 62-59 win. From Warner Bros. Participants in this year's conference had to be fully vaccinated, and upon arrival, everyone had to take a COVID-19 test. At the same time, frequent Sun Valley-goer Zaslav now boasts Warner Bros. in front of his Discovery CEO title, making him the new king in town. Sun Valley also played matchmaker for AOL and Time Warners unhappy union, which, until AT&Ts short-lived ownership of WarnerMedia, was far-and-away the worst thing that ever happened to the company that brothers Harry, Albert, Sam and Jack Warner founded in 1923 (it probably still is, but at least it now has a rival in the AT&T merger). With few exceptions, the CEOs at the elite event are largely white males. [1] The conference has taken place in Sun Valley, Idaho for one week each July since 1983. I think any time Idaho is mentioned with this category of individual, whether its from an economic development perspective or a travel and tourism perspective, its obviously good for us, Borud said. Summit League (March 3) Early-round bet: (10) Nebraska-Omaha vs. (7) UM Kansas City. It is "summer camp" after all, albeit for a rarefied set of people. Kevin Dietsch/Getty Images Never mind if you are world-famous. There appeared to be more security, and participants seemed less inclined to interact with journalists. Whether Sun Valley or hoodies, some trends, as they say, never go out of fashion. This week, A-listers from the worlds of tech, media, and finance are descending upon Sun Valley, Idaho, for a week of networking, panel discussions, and outdoor pursuits hosted by private investment bank Allen & Co. Silicon Valley giants and media moguls alike have been flocking to Idaho this week for Allen & Co.'s annual conference at Sun Valley Resort. This year, Allen & Co. seemed determined to pick up right where it left off. Execs have been spotted arriving, checking in, and even heading out for They own the world, he said at the time when asked about Amazon or Apple getting into the content business. Allen & Co. has usually been a family-friendly affair, and that has added to its can't-miss event status for moguls. Part of what makes it so unique is the dress code. Kevin Dietsch/Getty Images From left to right, Dana Blumberg stands next to her boyfriend, New England Patriots owner Robert Kraft, Facebook COO Sheryl Sandberg and Facebook CEO Mark Zuckerberg as they talk after a session at the Allen & Company Sun Valley Conference on Thursday in Sun Valley, Idaho. In the early morning darkness of July 10, 2019, on a bare-bones outdoor interview set constructed on the side of a road in Sun Valley, Idaho, Discovery CEO David Zaslav laid out the case for the M&A frenzy that would hit the entertainment business nearly two years later. Management teams have also focused more commentary on a disciplined approach to content budgets. Facebooks Mark Zuckerberg, Warren Buffet, and that Jeff Bezos guy to name a few. as well as other partner offers and accept our, Big brands like Nike and Neiman Marcus are snapping up tech companies as e-commerce takes off and first-party data becomes paramount. 1550 Humboldt Avenue. Previous conference guests have included Bill and Melinda Gates, Jeff Bezos, Elon Musk, Warren and Susan Buffett,[4] Tony Blair, Google founders Larry Page and Sergey Brin, Allen alumnus and former Philippine Senator Mar Roxas, former Google Chairman Eric Schmidt, Quicken Loans Founder & Chairman Dan Gilbert, Yahoo! The same is true for two invited Meta Platforms executives: CEO Mark Zuckerberg and COO Sheryl Sandberg, who recently announced that she would step down this fall after 14 years at the company formerly known as Facebook. At a jubilant press conference outside the Colleton County Courthouse in Walterboro, state attorney general Alan Wilson hailed "a great day for the people of South Carolina". Rupert Murdoch didn't make the trip this year, for example. Read more: Big brands like Nike and Neiman Marcus are snapping up tech companies as e-commerce takes off and first-party data becomes paramount. For reporters, the Allen & Co. Sun Valley Conference is a strange event to cover. The week isnt all work though hikes in the Sawtooth Mountains and rafting trips down the Salmon River are also on the agenda. This week, for example, Netflix CEO Ted Sarandos was seen walking with NBCUniversal CEO Jeff Shell. This year, the Wall Street Journal reports some sessions will be held outside, and other COVID-19 protocols will be in place. This year, Allen & Co. seemed determined to pick up right where it left off. Then there's the appearances that attract speculation for other reasons. Each of those players that are chasing that ball chasing scripted movies and scripted series they are chasing IP, and none of them have enough., Two years later, and Zaslav is poised to take control of HBO Max himself as part of an IP-driven megadeal that will see WarnerMedia and Discovery merge. While folks who arent invited cant get into the conference itself, media camp outside the event and wait for a chance to catch photos of stars like Oprah Winfrey. But the moguls who flock to the Allen & Co. retreat may not be as relaxed as usual when they touch down at the Sun Valley Lodge in the Idaho resort town: From darkening economic clouds to choppy leadership transitions at some of the most storied media companies, there are plenty of reasons for the 1% of the 1% to be breaking a sweat these days. After all, amid increased competition, the rising cost of living and Netflixs shock first-quarter subscriber drop, analysts have debated whether the one or the other Hollywood powerhouses streaming subscriber and financial forecasts may have to come down. All rights reserved. Yes, Scream VI Marketing Is Behind the Creepy Ghostface Sightings Causing Scares Across the U.S. David Oyelowo, Taylor Sheridan's 'Bass Reeves' Series at Paramount+ Casts King Richard Star Demi Singleton (EXCLUSIVE), Star Trek: Discovery to End With Season 5, Paramount+ Pushes Premiere to 2024. Discovery CEO David Zaslav). And of course, this being the top brass of tech, there were the hoodies, like the one spotted by 79-year-old Diller. Full restaurants, hotel rooms and retail shops bring dollars. WebSince its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Beyond a schedule of presentations and discussions, the event features social time for moguls to mingle (and perhaps talk deals). Updated: 2:50 pm PT 6/8/21 to reflect that Nikki Haley will not attend the conference. Not that such added intrigue was necessary given that Musk had tweeted in May that the Twitter deal was temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users. The social media powerhouse had reported 229 million users who were served advertising in the first quarter, which would mean 5 percent of those users would amount to 11.45 million. Last year, Allen & Co., the investment bank behind the gathering, put the event on COVID-related hiatus, but its back on in 2021 and should occur right after the July 4th holiday. Jeff Bezos for example supposedly bought The Washington Post when he was in Sun Valley. A sign is seen at the entrance to the Sun Valley Resort ahead of the Sun Valley conference organized by Allen & Co. in Sun Valley, Idaho, on July 5. The conference has taken place in Sun Valley, Idaho for one week each July since 1983. And those exceptions are typically white women and Asian men. The fact that both Musk and Twitter CEO Parag Agrawal are expected in town adds more intrigue. And though Rupert Murdoch may be sitting out this conference, sons James and Lachlan are expected to attend. Academia may not boast the kind of salaries that are usually a requirement for entry at Sun Valley, but the professors and school presidents are useful for the panel discussions that form much of the weeks activities. It may not be the only case of awkward encounters in Sun Valley. Wall Street observers expect industry bosses to also discuss in Sun Valley whether in formal sessions or during social gatherings indoors or outdoors such challenges as rising inflation, which could impact the upside for sector giants pivot to streaming services. Discovery's David Zaslav and Bruce Campbell to Walt Disney boss Bob Chapek as well as his predecessor Bob Iger media and tech titans will flock to the annual gathering organized by Allen & Co. First, July 4. Harry Griffith, Executive Director ofSun Valley Economic Developmenttold BoiseDev in 2019 there are direct, tangible impacts from the conference. He Now Says The Movie Business Is Dead, Patagonia has decided to stop adding corporate logos to its clothing.