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NBA superstar, actor, and producer LeBron James is reportedly taking meetings to discuss the future of the Space Jam movie production studio SpringHill Entertainment.
The Information and Bloomberg are reporting that James and his business partner Maverick Carter are in discussions to potentially sell at least a piece of SpringHill Entertainment, though discussions are described as being in the early stages. SpringHill’s valuation is reportedly as high as $750 million, and Nike–who is James’ existing shoe sponsor–is believed to be involved in the supposed conversations.
Variety reported that James and Carter are talking to a “range of potential investors to sell a piece of the media and entertainment firm,” with a valuation of $750 million. Variety also reported that Nike was among the companies in discussions, along with “streaming video providers and tech companies,” according to the site’s sources. Importantly, Variety’s sources said SpringHill is not looking to sell itself outright.
SpringHill’s next big release is Space Jam: A New Legacy, which releases this Friday, July 16, on HBO Max and in theaters. James and Carter started SpringHill in 2020 and raised $100 million in funding to get it started.
A representative for SpringHill declined to comment when approached by Variety.
