LeBron James’ media production company has bled tens of millions in the last two years, with more losses on the horizon, recently unearthed documents show.
SpringHill, James’ production company he co-founded with his manager Maverick Carter in 2020, has apparently never made any money.
According to a recent report from Bloomberg, the company has lost millions since its inception as it simultaneously produced race-based movies and LeBron-centric productions.
In 2022, the company reportedly lost $17 million, with losses piling up in 2023, adding another $28 million in the red. The report states that SpringHill is expected to lose millions more in 2024, as well.
With 250 employees currently, the company is said to require staff cuts in order to be profitable in the coming years. The aim is to have SpringHill making money by the end of 2025. […]
— Read More: www.theblaze.com
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