Excuse me for a moment … HAHAHAHAHA! … Okay, I’m back.
Back in 2020, the self-proclaimed king LeBron James co-founded a media company called SpringHill, with the brand reportedly bringing in $104 million in 2023 courtesy of sales. While that may sound like a good number, the entity was actually $28 million in the negative that year, according to documents obtained by Bloomberg.
The $28 million figure isn’t the only red they’ve seen, as the company also lost $17 million back in 2022, Bloomberg reports. Oh, and on top of that, that trend is expected to continue in 2024 with SpringHill again projected to lose millions. (RELATED: Scottie Pippen Appears To Dish Out Support For Elon Musk In Creative Way That Has Billionaire Winning ‘Championships’)
But that’s not all! In its entire existence, SpringHill has reportedly never made a profit — just hold my coffee while I laugh my ass off.
HAHAHAHAHAHAHAHAHA!
If you’re not familiar with SpringHill, they make both movies and television shows, with the most notable project being the “Space Jam” remake in 2021. That laughable film performed horrendously in terms of box office numbers.
SpringHill, the media company co-founded by LeBron , lost $28 million last year. It’s never made $$.
A look at how the Hollywood recession is impacting production companies — even those led by the world’s most famous people — in this week’s newsletter.https://t.co/VG0gIjoGzh
— Lucas Shaw (@Lucas_Shaw) December 1, 2024
I can’t help but laugh.
LeBron James walks around cocky as hell, arrogant as all get out, treats the world like his poop doesn’t stink and then come to find out, he’s losing MILLIONS of dollars from his joke of a company.
Because of course … That’s so LeBron.
This article was originally published at dailycaller.com
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