2018 DRL WORLD CHAMPIONSHIP TO BE HELD IN SAUDI ARABIA, TRYOUTS OPEN NOVEMBER 15

The Drone Racing League (DRL) has announced it will hold its 2018 Allianz World Championship in Saudi Arabia, next September. The 7th and final event of the DRL season will consist of 8 FPV (first person view) pilots racing custom-built drones, that travel more than 90 MPH, through a complex 3D racecourse; with the winner earning the title of “World’s Greatest Drone Pilot”. The race will be televised in 87 countries, on cable networks including; ESPN, OSN, Sky Sports and Fox Sports Asia.

Howie Long-Short: The DRL holds several dozen patents on the core technology that enables drone racing. They use the league to showcase the technology. The company is privately held, but has raised more than $32 million to date; including a $20 million series B round in June. Looking to play the DRL? SKYAY lead their Series B round and participated in both their seed and Series A rounds. Liberty Media Corporation (LMCA), Allianz (OTC: AZSEY), World Wrestling Entertainment (WWE) and MGM Television (OTC: MGMB) are all also invested in the company.

Fan Marino: The DRL consists of 16 professional pilots competing in 6 regular season races before a short postseason whittles it down to 8 qualifiers, competing for the World Championship. Think you can compete in the DRL? The league is holding annual open tryouts, beginning on November 15th, using their Steam simulator. All you need is a computer and an Xbox or drone controller to participate.  The Top 24 competitors will advance to a live racing simulator tournament with a chance to compete for $75,000 and 1 of 16 spots in the 2018 season.

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FOREMAN DOCUMENTARY TO AIR ON EPIX TOMORROW NIGHT; FOREMAN GRILL MANUFACTURER TO EXPAND IN TO CHINA

FOREMAN, a documentary telling the story of world champion boxer, entrepreneur and businessman George Foreman, will premiere on EPIX (OTC: MGMB) tomorrow night (September 13TH), at 8:00 P.M. EST. In 1994, at 45 years old, Foreman reclaimed the heavyweight title he had lost 20 years earlier to Ali and agreed to what would become the second most lucrative endorsement partnership in history (Jordan/Nike), with the launch of his George Foreman grill. The manufacturer of those grills, Spectrum Brands (SPB), has just announced they are expanding in to China, agreeing with Chinese e-commerce company JD.com to open a series of flagship stores that will sell Spectrum Brand products.

Howie Long-Short: Of the $5 billion in Spectrum Brand sales in 2016, only 3% came from Asia-Pacific. With 258 million people (JD.com customer base) about to get their first look at the Foreman Grill, a run on lean meaning fat reducing grilling machines looks to be on the horizon.

Fan Marino: Salton Inc., which has since merged with Spectrum Brands (SPB), paid Foreman $137.5 million in cash and stock to buy him out and to utilize his name on the product in perpetuity, back in 1998. Foreman made more than $200 million in total from the grill.