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. Apple CEO Tim Cook waves at photographers as he attends the Sun Valley Conference on Thursday. Cc @JeffBezos and Lauren Sanchez are back in #SunValley more now on @FoxBusiness @LizClaman," Gasparino tweeted. Discoverys WarnerMedia deal, Amazons $8.45 billion takeover of MGM and the reopening of the economy are likely to feature among the topics of debate at the retreat, which traditionally starts after the Fourth of July holiday (Allen & Co., as it happened, was an adviser to Discovery on the WarnerMedia deal). Those sitting Sun Valley out this time include Rupert Murdoch and his son Lachlan (though ex-wife Wendi Deng Murdoch is named on the list), as well as billionaire entrepreneur Peter Thiel and Twitter CEO Jack Dorsey. Allen & Co. returns to Sun Valley, Idaho - BoiseDev 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. They will hit the posh resort at a time when many analysts and insiders believe that Hollywood and Silicon Valley are in the midst of an unprecedented period of consolidation. 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. Allen & Company Sun Valley Conference - Wikipedia Bloomberg reported Comcast Corporation's takeover of NBCUniversal and Verizon Communications Inc.'s acquisition of AOL were also said to have been facilitated at the conference. After a one-year hiatus, hundreds of the world's most powerful people in tech, media and markets once again made a pilgrimage to Sun Valley, Idaho, to attend an exclusive conference organized by the investment bank Allen & Company. The latter stayed at the company as executive chairman until the end of last year. The Sun Valley conference is officially in full swing. Paramount Global non-executive chair Shari Redstone, who is also traveling to Sun Valley, recently addressed the scale of the company created by the merger of CBS and Viacom, saying it has what it takes to succeed as it topped 62 million global streaming subscribers as of March. On this Wikipedia the language links are at the top of the page across from the article title. kif (@kifleswing) July 10, 2019. Casual with lots of sweater vests and Patagonia. Apple CEO Tim Cook waves at photographers as he attends the Sun Valley Conference on Thursday. Minneapolis Convention Center,May 8-10, 2018. The secretive and exclusive gathering of media, tech and other power brokers traditionally mixes presentations, discussions and such social activities as hiking, rafting and golf. 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. 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. Putting a premium on personal ties, this family firm thrives in the land of the giants. The ultra-exclusive event lures some of the biggest names in finance, Invites to the conference are highly coveted among tech titans and media moguls, but the conference's guest list doesn't change that much from year to year. This year's conference came soon after Discovery announced a deal to buy WarnerMedia, which includes CNN, HBO and Warner Bros. Jeff Bezos for example supposedly bought The Washington Post when he was in Sun Valley. With that in mind, any photos or reports of Chapek and Iger chatting, or simply standing near each other, could draw attention. (The agenda and speakers are kept secret, though CNBC puts up an interview set to try to wrangle the more press-friendly attendees.). Matt Borud, Marketing and Innovation Administrator for the Idaho Department of Commerce says the exposure and attention have positive impacts for tourism in Sun Valley, and business in Idaho in general. Sheryl Sandberg, chief operating officer of Facebook Inc., attends the Allen & Company Sun Valley Conference on Wednesday in Sun Valley, Idaho. Gold Resource Corporation (NYSE:GORO) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ETCompany Participants. With new mandates in boardrooms across the country to increase diversity in almost all major sectors, its very unlikely the summer camp for moguls can keep going without including Byron Allen, Jay-Z, Robert F. Smith and other high-profile Black execs. Almost everyone wears casual clothes and a simple name tag. Instead on chilly mornings, guests wore puffier outerwear. While we'll have to wait and see what comes of this year's conference, we can at least get a glimpse of which moguls have arrived at this year's ultra-exclusive enclave. They own the world, he said at the time when asked about Amazon or Apple getting into the content business. Deadline Shari Redstone, chairman of Paramount Global, and David Zaslav, CEO of the newly minted Warner Bros. And of course, this being the top brass of tech, there were the hoodies, like the one spotted by 79-year-old Diller. Address. You are going to see Sun Valley and whats going on and the history of the (Allen & Co.) event. And though Rupert Murdoch may be sitting out this conference, sons James and Lachlan are expected to attend. All Rights Reserved. Programming took place in the Sun Valley Pavilion, an open-air amphitheater, against the backdrop of Dollar Mountain. [Inside Idaho: The legend of the Kuna Caves]. 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, while harder to measure, the brand cachet the conference brings helps build the areas economy. With new mandates in boardrooms across the country to increase diversity in almost all major sectors, its very unlikely the summer camp for moguls can keep going Verizons Right after Independence Day, media and technology titans will once again jet to the Idaho resort to mingle at the annual gathering of investment bank Allen & Co., which has been nicknamed summer camp for moguls.. Vince Gilligan, Shari Redstone and Bob Chapek also make the cut. Facebook CEO Mark Zuckerberg walks with Facebook COO Sheryl Sandberg at the Sun Valley conference. 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. NPR scored its own exclusive interview with IAC Chairman Barry Diller, in which he argued the movie business "is over.". 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. Top execs across media, tech and sports gathered for their annual event known as "summer camp for billionaires." Minnesota Power places a high value on healthy, uninjured workers. 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. The Allen & Company Sun Valley Conference is an annual media finance conference hosted and funded by private investment firm Allen & Company. A-list guests have arrived in Sun Valley, Idaho, the site of the annual Allen & Co. conference. Join half a million readers enjoying Newsweek's free newsletters. This summer, the IP capital of the world will be central Idaho. Variety and the Flying V logos are trademarks of Variety Media, LLC. Sun Valley, the annual event colloquially known as summer camp for billionaires, kicks off as usual on July 5. West St Paul, MN 55118. If he doesnt attend, hell have company. Texas was the only league team with a shot at tying KU entering Wednesdays conference action. 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. 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. The stock markets roller coaster ride in the first half of the year means that some regulars at the annual gathering hosted by investment bank Allen & Co. will be arriving with much-diminished market caps. Kim Perry - Chief Financial Officer. About BoiseDevContact: [emailprotected]Privacy policy | Terms, Anna Daly is a reporter for BoiseDev. The annual Allen & Co. conference in Sun Valley, Idaho, is officially underway. 2023 Variety Media, LLC. Because of pandemic restrictions, children were not allowed. The gathering is geared towards one thing: building relationships that may one day pay off in the shape of a major deal, NPR noted. The Hollywood Reporter is a part of Penske Media Corporation. When video game maker Activision Blizzard's CEO, Bobby Kotick, arrived at the resort, the founder of Imagine Entertainment, Brian Grazer, gave him a big hug. 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. Execs have been spotted arriving, checking in, and even heading out for So was Walt Disney's purchase of CapCities/ABC, and Comcast's deal for NBCUniversal. Other deal talk could this year move from hunting for new targets to focusing on getting the most out of past deals or existing business portfolios. But the step taken to slow the rise of inflation is certainly one that cant be ignored by the moguls, who may be doing less dealing as a consequence. Putting a premium on personal ties, this family firm thrives in the land of the giants", When Private Jets Ferry Billionaires to Small-Town Idaho, https://en.wikipedia.org/w/index.php?title=Allen_%26_Company_Sun_Valley_Conference&oldid=1132458878, Articles with a promotional tone from November 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 9 January 2023, at 00:15. Or as close to it as possible. With the proliferation of several new direct-to-consumer services, the competitive landscape in streaming has intensified, Bank of America analyst Jessica Reif Ehrlich wrote in a mid-June report. The country isnt in the grips of a recession, but thats what many economists predict is on the horizon. 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. For reporters, the Allen & Co. Sun Valley Conference is a strange event to cover. All Rights Reserved. Sun Valley 2022 Allen & Co.: Media Moguls, Deals, Recession The Discovery. Allen & Company is a private investment firm formed in 1922, with headquarters in New York City and London. With few exceptions, the CEOs at the elite event are largely white males. Join Minnesota's transportation industry for three action-packed days of compelling presentations, thought-provoking panels, and the chance to network with like The annual Allen & Co. conference in Sun Valley, Idaho is taking place this week, attracting some of the tech industrys biggest heavyweights. 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. Read Next: Rachael Ray Talk Show to End After 17 Seasons, Michael P. OLeary Named CEO and President of National Association of Theatre Owners, Dead by Daylight Horror Movie Coming From Blumhouse, Atomic Monster and Behaviour Interactive (EXCLUSIVE), Will Hollywood Hit Cannes? Management teams have also focused more commentary on a disciplined approach to content budgets. He Now Says The Movie Business Is Dead, Patagonia has decided to stop adding corporate logos to its clothing. This year, however, the theme of the event may as well be two letters: IP. In fact, one of the favorite pastimes is to see who's spotted with whom.
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