Fanatics CEO Michael Rubin on two sports businesses his multibillion-dollar conglomerate won't enter
First publishedJul 18, 16:20 UTC
Last updatedJul 18, 21:30 UTC · 2m ago
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Answer
Fanatics CEO Michael Rubin said his company will not enter the fantasy sports and esports businesses.
Reported by 1 outlet — CNBC Top News. See all sources ↓
Fanatics is a big company in sports. It makes merchandise, collectibles, and sports betting products. The CEO, Michael Rubin, said they will not enter two new areas: fantasy sports and esports.
Why it matters
This is important because it shows what Fanatics thinks is not a good business to be in. It also affects the sports industry as a whole.
In brief
- What is Fanatics?
- Fanatics is a company that makes merchandise, collectibles, and sports betting products.
- What did Michael Rubin say?
- Michael Rubin said Fanatics will not enter fantasy sports and esports businesses.
- What are fantasy sports and esports?
- Fantasy sports are games where people bet on real sports teams. Esports are video game competitions.
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Fanatics is a big company in sports.
Sources1TypeAngleCNBC Top Newsemphasizes Fanatics' influence in sports
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Sources (1)
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