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Federal Reserve Chairman Jerome Powell said June 15 the Fed is not trying to induce a recession with the recent hike in short-term interest rates. It may not be the only case of awkward encounters in Sun Valley. Contact her at, Annual spotlight on Sun Valley helps Idahos economy in ways large and small, Inside Idahos native fisher; and why its name is ironic, ICYMI: Idaho lake known for world record catch draws anglers, ICYMI: The Center of the Universe? The event is off-the-record, but some journalists are allowed behind the velvet rope, either to serve as moderators for talks or to source build. And its not exactly a secret that the two Bobs are barely on speaking terms these days. Over the years, industry titans have also enjoyed bike rides, white-water rafting and other activities. Duluth, MN 55802 Amazon founder Jeff Bezos was also seen at the conference in a video posted by a senior correspondent for Fox Business Network, Charles Gasparino. She's an Emmy-winning journalist, and a professor at the College of Western Idaho. Right after Independence Day, media and technology titans will once again jet to the Idaho resort to mingle at the annual gathering of investment bank Allen & Co., which has been nicknamed summer camp for moguls.. A range of companies and institutions held court at dedicated tables while the most prominent business leaders in the world made the rounds of meetings that ran no more than 30-40 minutes. A previous version of this story incorrectly referred to Facebook CEO Mark Zuckerberg and Facebook COO Sheryl Sandberg as siblings. Thats a deal thats expected to usher in more than 280-characters worth of changes at Twitter. This week, he returns as full-blown Hollywood titan of an expanded empire as CEO of Warner Bros. The Allen & Company Sun Valley Conference is an annual media finance conference hosted and funded by private investment firm Allen & Company. (Jassy also made it to the conference.). Gold Resource Corporation (NYSE:GORO) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ETCompany Participants. Verizons This year, his visit follows the deal close and first moves to put his stamp on Warner Bros. Discoverys corporate structure, including the departure of various high-level executives. And those exceptions are typically white women and Asian men. A few regulars arent on the list this time. hide caption. Kevin Dietsch/Getty Images Part of what makes it so unique is the dress code. All Rights Reserved. On this Wikipedia the language links are at the top of the page across from the article title. Variety is a part of Penske Media Corporation. President and CEO of Chubb Limited Evan Greenberg (left) and co-founder of Microsoft Bill Gates walk together at the Allen & Company Sun Valley conference on But the step taken to slow the rise of inflation is certainly one that cant be ignored by the moguls, who may be doing less dealing as a consequence. Address. Sun Valley is a forty-year tradition for Allen & Company, a family-owned New York boutique investment bank thats worked on some of the media and tech industries biggest deals. Variety and the Flying V logos are trademarks of Variety Media, LLC. After a one-year hiatus, hundreds of the world's most powerful people in tech, media and markets once again made a pilgrimage to Sun Valley, Idaho, to attend an exclusive conference organized by the investment bank Allen & Company. And though Rupert Murdoch may be sitting out this conference, sons James and Lachlan are expected to attend. Click here to subscribe. Sun Valley has often played host to presidential aspirants and government bigwigs such as Chris Christie and Cory Booker, neither of whom are on this years guest list. One pending big deal that is still likely to draw much attention in Sun Valley this year is Tesla and SpaceX chief Elon Musks $44 billion planned takeover of social media giant Twitter. Last year, Allen & Co., the investment bank behind the gathering, put the event on COVID-related hiatus, but its back on in 2021 and should occur right after the July 4th holiday. Kevin Dietsch/Getty Images Discovery Content, John Malone and Charter Directors Reach $87.5M Deal to Settle Investor Suit, Rupert Murdoch, Fox Corp. 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Sun Valley, the annual event colloquially known as summer camp for billionaires, kicks off as usual on July 5. The Hollywood Reporter is a part of Penske Media Corporation. A big question was whether Bezos would make an appearance. Recession Blues Kevin Dietsch/Getty Images Reporters and photographers are only allowed to ask questions and take pictures from a handful of "press pens" small, fenced-in areas outside the Sun Valley Lodge and near the Sun Valley Inn. The confabs 2019 attendee list included Zaslav, Comcast CEO Brian Roberts, Shari Redstone (before Viacom and CBS re-merged), Apple CEO Tim Cook, Spotify CEO Daniel Ek, Verizon CEO Hans Vestberg and IAC chairman Barry Diller. In the early morning darkness of July 10, 2019, on a bare-bones outdoor interview set constructed on the side of a road in Sun Valley, Idaho, Discovery CEO David Zaslav laid out the case for the M&A frenzy that would hit the entertainment business nearly two years later. This story appeared in the May 26 issue of The Hollywood Reporter magazine. Kevin Dietsch/Getty Images The giant shake-ups, large transactions and dips in stock prices across the entertainment landscape over the past year could make for a change in standing among colleagues in Idaho this July. Updated: 2:50 pm PT 6/8/21 to reflect that Nikki Haley will not attend the conference. Indiana Jones 5, Killers of the Flower Moon Weigh Festival Debuts, Harry Potter Star Evanna Lynch: I Wish People Would Give J.K. 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Sun Valley also played matchmaker for AOL and Time Warners unhappy union, which, until AT&Ts short-lived ownership of WarnerMedia, was far-and-away the worst thing that ever happened to the company that brothers Harry, Albert, Sam and Jack Warner founded in 1923 (it probably still is, but at least it now has a rival in the AT&T merger). Tim Cook and Eddy Cue have arrived in Sun Valley, Idaho https://t.co/qiiZizaxFT pic.twitter.com/CHoozGCcL4 Theres Apples Tim Cook, Berkshire Hathaways Warren Buffett, Walt Disney CEO Bob Chapek, Facebooks Mark Zuckerberg and Sheryl Sandberg, Netflixs Ted Sarandos and Reid Hastings, Sony CEO Kenichiro Yoshida and Comcasts Brian Roberts. Because of the pandemic, more of the conference's proceedings were held outside. Before the conference got underway, the manager of the Friedman Memorial Airport in nearby Hailey, Idaho, said he expected more than 90 private planes. Cc @JeffBezos and Lauren Sanchez are back in #SunValley more now on @FoxBusiness @LizClaman pic.twitter.com/u9fXN7vD0t. Subscribe for full access to The Hollywood Reporter. All Rights Reserved. Meanwhile, another freshly completed merger, the union of CAA and ICM Partners, will surely be a topic of conversation as ICMs Chris Silbermann and CAAs Bryan Lourd are Sun Valley regulars. Wall Street observers expect industry bosses to also discuss in Sun Valley whether in formal sessions or during social gatherings indoors or outdoors such challenges as rising inflation, which could impact the upside for sector giants pivot to streaming services. 84th Annual Minnesota Safety & Health ConferenceMinneapolis Convention Center,May 8-10, 2018 Read more: Big brands like Nike and Neiman Marcus are snapping up tech companies as e-commerce takes off and first-party data becomes paramount. Summit League (March 3) Early-round bet: (10) Nebraska-Omaha vs. (7) UM Kansas City. After all, amid increased competition, the rising cost of living and Netflixs shock first-quarter subscriber drop, analysts have debated whether the one or the other Hollywood powerhouses streaming subscriber and financial forecasts may have to come down. During a press conference announcing the deal May 17, Zaslav said it brings together the most valuable, important and exciting IP in the world., This summer, Zaslav and a slew of tech and media moguls once again are poised to board their private jets for Sun Valley, marking the return of horseback riding, rafting, guided hikes, golf and perhaps more billion-dollar deals. Summit League (March 3) Early-round bet: (10) Nebraska-Omaha vs. (7) UM Kansas City. It was no wonder why: He just handed over the reins of the company to a new CEO, Andy Jassy, and he is preparing to embark on a trip to space later this month. Allen & Co.s Sun Valley conference is set to return to the valley July 5-9, bringing with it some of the worlds most famous billionaires and business tycoons and Widely known as "summer camp for billionaires," participants from Facebook's Mark Zuckerberg to Apple's Tim Cook gathered for a week of outdoor activities like hiking and tennis and of course, networking and plenty of dealmaking. [Streaming] is going to be a street fight, Zaslav told CNBCs Julia Boorstin when asked about WarnerMedias just-announced-at-the-time plans to launch HBO Max. Texas was the only league team with a shot at tying KU entering Wednesdays conference action. Moguls, Deals And Patagonia Vests: A Look Inside 'Summer Camp For Billionaires', Barry Diller Headed 2 Hollywood Studios. It's reported the AOL-Time Warner deal was hatched at the conference. That all helps with the brand and marketing perspective.. Its possible, for instance, that Bezos planned trip to space on July 20 could alter those plans. has long been a hallmark of the invite-only Allen event. This year, the Wall Street Journal reports some sessions will be held outside, and other COVID-19 protocols will be in place. A sign is seen at the entrance to the Sun Valley Resort ahead of the Sun Valley conference organized by Allen & Co. in Sun Valley, Idaho, on July 5. policies and providing safe working conditions. The conference has taken place in Sun Valley, Idaho for one week each July since 1983. 800-228-4966. Allen & Co.s annual Sun Valley conference, colloquially referred to as summer camp for moguls because of the power wattage of its attendees and the But of course, moguls have products and services to sell, and you can't do that without some media exposure. Shari Redstone, chairman of Paramount Global, and David Zaslav, CEO of the newly minted Warner Bros. The latter stayed at the company as executive chairman until the end of last year. After a year when the only stars to be found were in Sun Valleys night sky due to the pandemic, the Allen and Company Conference is back on in 2021. Discovery. After that, Chapek put his stamp on the Mouse House by filling key roles that had been held by close Iger advisors and outlining new strategic pillars for the conglomerate. The week isnt all work though hikes in the Sawtooth Mountains and rafting trips down the Salmon River are also on the agenda. This year's conference came soon after Discovery announced a deal to buy WarnerMedia, which includes CNN, HBO and Warner Bros. From Warner Bros. If you turn on CNBC (in the) morning you are going to see the Sawtooths in the background, he said. We all have platform envy, but they need IP to attract people to their platform.. On Thursday, several dozen of them were visible. hide caption, From left to right, Dana Blumberg stands next to her boyfriend, New England Patriots owner Robert Kraft, Facebook COO Sheryl Sandberg and Facebook CEO Mark Zuckerberg as they talk after a session at the Allen & Company Sun Valley Conference on Thursday in Sun Valley, Idaho. Behind closed doors, guests are treated to talks on everything from global terrorism to public education to global warming. Variety and the Flying V logos are trademarks of Variety Media, LLC. The cooperation of labor and Rupert Murdoch didn't make the trip this year, for example. And of course, this being the top brass of tech, there were the hoodies, like the one spotted by 79-year-old Diller. Heres a deeper look at what the CEOs and media barons should expect when they hit the posh mountain retreat in the Sawtooth Mountains. 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The gathering is geared towards one thing: building relationships that may one day pay off in the shape of a major deal, NPR noted. The Allen & Company Sun Valley Conference is an annual media finance conference hosted and funded by private investment firm Allen & Company. If the job market sours and wages constrict, look for Joe and Jane Public to shed some streaming services and go to the movies even less than they already do. [1] The conference has taken place in Sun Valley, Idaho for one week each July since 1983. Allen & Co. has usually been a family-friendly affair, and that has added to its can't-miss event status for moguls. And of course, there was also the dealmaking, all of it behind closed doors or more accurately, behind high hedge trees and heavy security. The ultra-exclusive event lures some of the biggest names in finance, Gold Resource Corporation (NYSE:GORO) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ETCompany Participants. Full restaurants, hotel rooms and retail shops bring dollars. And deals talk, whether first contact about a potential merger, discussions of pending or completed transactions or meetings that lead to M&A conversations down the line. The ultra-exclusive event lures some of the biggest names in finance, tech, and media. The Allen & Co. conference typically features a heavy dose of politics and looks-ahead at technology trends in its morning conference sessions, which are So was Walt Disney's purchase of CapCities/ABC, and Comcast's deal for NBCUniversal. Training Video Now Safety Training Videos, Mature driver classes (insurance discount), MN Network of Employers for Traffic Safety (NETS). hide caption. The event has been dubbed the "summer camp for billionaires" due to its guest list. This years contingent from the Fourth Estate includes Diane Sawyer, Anderson Cooper, Van Jones, Tom Brokaw, Gayle King, New Yorker reporter Evan Osnos, New York Times columnist Thomas Friedman, Squawk Box co-hosts Becky Quick and Andrew Ross Sorkin, and Lionel Barber, the former editor of the Financial Times. While the topics to be discussed at the conference are not disclosed to the public, some guesses for what might be on the table can be made based on the guest list, Gura says. It is "summer camp" after all, albeit for a rarefied set of people. Apple CEO Tim Cook attends the Allen & Company Sun Valley conference on July 8 in Sun Valley, Idaho. Variety is a part of Penske Media Corporation. (The agenda and speakers are kept secret, though CNBC puts up an interview set to try to wrangle the more press-friendly attendees.). Sheryl Sandberg, Reed Hastings, Ted Sarandos, Doug McMillon and dozens more have arrived so far. Then there's the appearances that attract speculation for other reasons. The annual Allen & Co. conference in Sun Valley, Idaho is taking place this week, attracting some of the tech industrys biggest heavyweights. sick irish jokes,