Kevin Harvick’s Investment Portfolio, DANICA Premiers Tonight

Kevin Harvick won the Monster Energy (MNST) NASCAR Cup Series race at Texas Motors Speedway last weekend, which gives him a spot in the “Championship Four”; the 4 remaining drivers who will race for the title at Homestead-Miami Speedway on November 19th. JWS got the exclusive opportunity to sit down Kevin to discuss his investment portfolio, sponsorship partners and sports marketing agency.

JWS: How important is it to you to have sponsors that you would invest in?

Kevin Harvick: The companies that you believe in and invest in, are the companies that you want on your car. I can tell you Exxon Mobil (XOM) is in my portfolio.

JWS: How have you managed to maintain long-term partnerships with several of your sponsors?    

Kevin Harvick: We’ve been fortunate through the years to develop what we have with the Busch Brand (BUD), Jimmy John’s, who’s been with us since 2009 and Textron (TXT), who started with us back in 2007. We’ve kind of found the niche with each of those companies in terms of what they like to do, how they like to entertain and where they like go.

JWS: Does having KHI Management (his sports marketing agency) help in terms of signing NASCAR sponsorship deals?

Kevin Harvick: The thing that makes us unique and different is that we have a sports agency that represents 2 PGA golfers, Donald Cerrone (UFC) and Harrison Burton (motocross). We’ve tried to make ourselves more diverse so that when we are trying to cut a deal for a NASCAR sponsorship, we have a family of assets that we can blend in; golf tournaments, UFC fights, etc.

JWS: How closely do you follow the market?

Kevin Harvick: I wake up with Maria (Bartiromo). I like to understand what is happening in the world. I spend a lot of time paying attention to it because I’m intrigued by it.  

Howie Long-Short: Metro-Goldwyn-Mayer (MGM) acquired Epix, buying out Viacom (VIAB) and Lionsgate (LGF.A) back in April for $1.031 billion. The company has underperformed over the last 6 months (+2.8% compared with industry-wide growth of 15.6%), and analysts are projecting Q3 earnings ($.33/share) that would be a 43% YOY decline. The company will report later today.

Fan Marino: If you enjoy sports documentaries, check out DANICA; premiering this evening at 8p EST on Epix (or for free at epix.com). The film, directed by broadcasting pioneer Hannah Storm, focus on Danica Patrick; the most successful woman in the history of professional motorsports. It’s a rare, candid look at Danica as a competitor eagerly preparing for her next race; a woman confidently considering when she wants to start a family; and a budding mogul carefully considering thinking about her next steps.

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BARSTOOL SPORTS TO AIR WEEKLY TAILGATE SHOW ON WATCH

Facebook (FB) has agreed to a partnership with Barstool Sports that will give Watch, FB’s new video platform, original sports programming content. “The Barstool Tailgate Show” will cover college football storylines and comedic news from a different campus each week, with shows airing on Facebook Live prior to the Saturday night ABC/ESPN (DIS) primetime game. Barstool Founder Dave Portney and former Colts Punter and Barstool personality Pat McAfee, will host the show. Financial details of the deal were not released, but Facebook is investing in the production of the show and would be the ones to secure future and benefit from corporate sponsors.

Howie Long-Short: Barstool had a live show Super Bowl week on Comedy Central (VIAB). The show had 310K viewers and beat the Daily Show by 7% in the 18-34 male demo, on Monday January 30th (their first show). That is where the good news ended though, by Thursday, February 3rd, the audience had fallen to 217K viewers, no better than the worst rated Futurama rerun that the network ran the week prior.

Fan Marino: Watch is quickly scooping up non-traditional sports content that Millennials eat up (see: “Ball in the Family”). It’s a smart strategy for a company that wants to be in the sports streaming business, isn’t getting NFL games (existing deals run through 2022) or NBA games (existing deals run through 2025) anytime soon, and needs to put out original content to draw video advertising dollars that will drive future revenue growth. What kind of Stoolie is on Facebook at 7:30p on Saturday night though?

https://www.forbes.com/sites/markjburns/2017/09/06/barstool-sports-inks-partnership-with-facebook-for-college-football-campus-show/#16a5ada45011

FACEBOOK HIRES BUNIM/MURRAY PRODUCTIONS TO CREATE REALITY SHOW ON BALL FAMILY; EPISODES AIR SUNDAYS AT 10P

Facebook (FB) has hired Bunim/Murray Productions (VIAB), the company behind “The Real World” and “Keeping Up with the Kardashians”, to create a new reality series for their redesigned Watch video tab. The show entitled “Ball in the Family”, will focus on LaVar Ball, the father of Lakers rookie Lonzo Ball, as he grooms his children for the NBA, builds his Big Baller Brand and helps his wife Tina recover from a stroke. The first 2 episodes are now available, with new episodes being released on Sunday’s at 10p, starting September 10th. Facebook is developing original content, so it can draw video advertising dollars that will drive future revenue growth.

Howie Long-Short: Facebook is coming for GOOGL’s YouTube. The company is offering to pay production costs, license and outright buy content from creators; while at least in some cases, guaranteeing ad revenue to publishers. Expect a lot of well-produced, high quality, in-demand content from the social network moving forward.

Fan Marino: LaVar recently announced that sale of the LaMelo BBB sneaker will take precedence over his NCAA eligibility. Lonzo better be a superstar or this whole house of cards is about to come tumbling down.

Facebook Lands Lonzo Ball and Basketball Family for Reality Show