![]() Said Rubin: "This hobby has so many people in the middle of it and perfectly set up to have an integrated direct-to-consumer experience."Īcquiring Topps also aligns with Fanatics' plans to build out its NFT collectibles sector through its Candy Digital company, which has exclusive rights to produce MLB digital art work. Calendar RSI US7820111000 RUSH STREET INTERACTIVE, INC. He added the trading card sector is a "highly profitable business" with a "massive opportunity." Rubin projected traditional trading card manufacturers would make close to to $1 billion EBITDA in 2021 "on a combined basis" when he appeared on CNBC. The company wants to capitalize on a sports trading card business that is projected to reach $98.7 billion by 2027, according to Verified Market Research. For example, should collectors purchase a trading card, they'll be able to insure the asset, grade, store and even put cards on a marketplace to sell or trade through Fanatics. Fanatics has exclusive e-commerce deals with MLB hence, the league's official apparel products are not sold on Amazon.įanatics, which reached an $18 billion valuation in 2021, wants to expand the trading card business with more via direct-to-consumer commerce. ![]() Topps has agreements with top retail stores including Walmart and Target but it's unclear how the acquisition will impact Topps' products on Amazon. Rush Street Interactive Inc - Class A Stock Forecast, RSI stock price prediction. To land these agreements, Fanatics provided equity to leagues and player unions that is guaranteed to bring at least $1 billion in revenue over the duration of the partnerships.Īcquiring Topps gives Fanatics an established infrastructure and distribution for its trading card play. Those leagues also have active agreements with Topps.Īnd last year, Fanatics secured trading card licenses for the National Football League Players Association and National Basketball Association. Fanatics will also obtain rights for Major League Soccer, UEFA, Bundesliga, and Formula 1. But with this agreement, Fanatics will obtain MLB's trading card rights immediately. MLB renewed its deal with Topps in 2018, and the existing deal ends in 2025. It's similar to an acquisition Fanatics made in 2017 when it obtained MLB's apparel rights. That sparked speculation Fanatics would buy a company instead of starting a new operation. And Fanatics captured Topps most prominent client in Major League Baseball's trading card rights last August. Last September, Rubin told CNBC's "Squawk Box" the company would purchase an existing firm. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit The main objective of Rush Street stock analysis is to determine its intrinsic value, which is an estimate of what Rush Street Interactive is worth, separate from its market price. ![]()
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