George Clooney is selling his tequila company Casamigos to Diageo for as much as $1 billion, the company said Wednesday.
“If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes,” Clooney told CNBC via email. “This reflects Diageo’s belief in our company and our belief in Diageo. But we’re not going anywhere. We’ll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two.”
Diageo said it will initially pay $700 million, with the potential for another $300 million based on the tequila’s performance over 10 years. The transaction is expected to close during the second half of 2017.Diageo doesn’t expect the deal to add to its earnings until its fourth year. In the first three years, the brand will not have any impact on earnings
Clooney and co-owners Rande Gerber and Michael Meldman are expected to stay with the company after its acquisition. – CNBC
It’s no secret that I’m a big guy Clooney fan. I’ve written about him an uncomfortable amount of times on the blog. I blogged when he started his tequila company (luckily I did not get addicted to tequila). I blogged when he got married. Usually I just found a reason to write an article about him because he’s a such a cool mother fucker. It turns out in addition to being cool, he’s also an extremely smart businessman, because he just sold his Casamigos tequila company for what could amount to $1 billion. I understand power of name value, but name value alone doesn’t net you a billion dollar deal. In classic Clooney fashion, he celebrated with a shot (or two) but will stay with the company and help it continue to thrive. Check back here in 2020 when Clooney sells his tequila to the owner of the moon for a trillion dollars.
Thursday marks the final day of production for “The Steve Harvey Show”after five years in Chicago. After that, it’s packing up and moving to Los Angeles, where the syndicated talk show will morph into a new daytime series simply called “Steve.”
Most if not all of the estimated 80 employees who worked for Harvey here will be out of work after the show closes down at NBC Tower. – Robert Feder
I’m a Steve Harvey fan. Most of that stems from his Kings of Comedy standup, hosting of Family Feud and Kenan Thompson’s impression, but he always seemed like a pretty cool guy. Well it turns out he’s actually the opposite of a cool guy. I don’t know what it’s like being a celebrity, but you have to be quite the douchebag to write a letter like that to your staff. If you don’t want to sign autographs or give people hugs while your eating dinner or trying to take a piss that’s understandable. But these people are doing their jobs, the main part of which is to make you look good and make your show run smooth. Also, you’re the host of a daily talk show. How hard is your life? You’re getting paid at least a couple million dollars to sit in a chair and make stupid jokes. Lock it up, Steve Harvey.
Johnny Depp’s ex-managers, in a lawsuit, allege that the actor’s extravagant spending led to his losing millions of dollars. Depp disagrees.
“Why didn’t they drop me as a client if I was so out of control?” Depp told the Wall Street Journal. “I’ve worked very, very hard for a lot of years and trusted a lot of people, some who’ve clearly let me down.”
Depp sued The Management Group in January, claiming that after he fired them, his new business manager discovered misconduct in the form of TMG collecting fees he never agreed to, failing to file Depp’s taxes on time and loaning out his money without authorization. Depp believes TMG led him to be more than $40 million in debt.
Johnny Depp talking to his financial managers
Pirates. Blow. Gilbert Grape. All epic.
Apparently, for Johnny, it hasn’t been enough. Depp has fired his management company, and after investigations, has found that this management company is the reason he’s $40 million in debt. He has also set a lawsuit against them.
Depp’s ex-group, the shadily named The Management Group (shady right?) has blamed Depp’s expensive lifestyle for his downfall. Depp spent 2 million per month which he could not afford. Depp has bought yachts, and luxury wine, and has 14 residences.
So let’s just stop right here. This is a story of pure greed and mismanagement. Johnny, I love you – idolized you in Blow. But Johnny, how do you mismanage 40 million? Better yet, how do you let someone else mismanage your money and pay them for it?
And on top of that, how do you trust a company called The Management Group? I’d rather trust Neuralink and they are fucking with brains.
14 residences? Johnny, liquidation always works.
And how do you only make 40 million from all those Blockbusters? Johnny, if you need a new negotiator, friend, financial manager, Buddha, and/or a lawyer, I’m here for you. I won’t use big words, BUT I guarantee I won’t lose $40 million of your money.
Pure stupidity people. Be smart with your $30,000 annual salary – even celebs are broke.
Ryan’s Gossip Circle: Amy Schumer & Jennifer Lawrence Are Best Friends & I’m Green With Jealous Rage
Binders of women pic.twitter.com/7L6Z40xlgv
— Amy Schumer (@amyschumer) July 30, 2015
— Amy Schumer (@amyschumer) July 30, 2015
— Amy Schumer (@amyschumer) July 31, 2015
Ever since I watched Silver Linings Playbook for the 1000th time, I’ve been a big fan of Jennifer Lawrence. She’s talented, hot, and seems pretty down to earth. Maybe it’s all an act, but who cares. If I was a multi millionaire celebrity at TWENTY FOUR I’d probably be the biggest asshole in the world. I’d be Shia LaBeouf. Instead, she handles all the insanity with class and just keeps doing her thing. Same thing goes for Amy Schumer. She’s the star of her own sketch TV show and she just wrote and starred in her own movie (Trainwreck) which was absolutely hysterical. She’s on the top of the world, but she doesn’t give a shit about all that fame stuff either. She just wants to red jet ski’s with her maniac friend Jennifer Lawrence. While I’m eating under cooked steak tonight with 50 other guys, they’re both living the dream. God damn it am I jealous.
This week we explore the dark side of celebrities and sandwich spokespeople. Ariana Grande licked a donut, Jared from Subway got really creepy and I’m Ron Burgundy? All this and more on Twitter News Weekly!
– The Average Nobodies
Vernon Davis didn’t have the greatest season last year. He was hurt, yes, but he played in 14 games and finished with 26 catches and two touchdowns, which is…not good. While his physical ailments may have healed in the offseason, it’s clear from this Family Feud clip that he is also mentally unhinged. While the ‘stripper’ comment was kind of funny, the ‘feet’ comment was just disturbing. There’s no need to go all Rex Ryan on us and air your foot fetishes out in public. Let’s worry about hands and catching the ball so the 49ers don’t suck again.
P.S. Steve Harvey is the best game show host of all the times.