#PlaybyPlay;
VFC (NYSE: $VFC) Adds Support for Employees and Announces Enterprise Protection
Strategies, Torque Esports (TSXV: $GAME.V) Taps Into Global Audience with Blake
Broadcasting Agreement
#Olympic Flame Removed
from Display, Qualifying Athletes for #Tokyo2020 to Keep Spot in Rescheduled
2021 Games
Point Roberts, WA, Delta BC April 8, 2020 -
Investorideas.com, a leader in investor news and research issues today’s
edition of Play by Play covering what’s new in sports and e-sports
headlines and recent news from publicly traded companies in the sector.
Listen to the podcast
Read
this in full at https://www.investorideas.com/news/2020/play-by-play/04081VFC-GAME.asp
Stocks
discussed: (NYSE:VFC) (TSXV:GAME)
Apparel giant V.F. Corporation (NYSE:VFC) has announced additional
employee support and enterprise protection strategies amid the COVID-19
pandemic. This includes a 50 percent reduction in CEO Steve Rendle’s base
salary, a 25 percent reduction in the Executive Leadership Team’s salary and
the assurance that retail employees will receive full pay and benefits while
retail locations remain closed until May 3. Company CEO Steve Rendle said:
"Throughout
VF’s storied 120-year history, we’ve weathered many storms, and each time we’ve
emerged as a stronger company with a renewed sense of focus and determination.
The full breadth of actions we’re taking in response to the COVID-19 situation
are intended to not only address the challenges of today, but also to position
our brands and businesses to thrive in the years ahead as we build on VF’s
proud legacy."
Torque Esports Corp. (TSXV:GAME), and its
tournament organizing arm UMG Media Ltd.,
have made a programming syndication agreement with Blake
Broadcasting, giving them a potential global audience. According to the press
release, “UMG's range of live-streamed esports competitions and series will now
be shown globally on Blake networks across North America, Europe, and the
Asia-Pacific region.” Blake Broadcasting CEO Bob Blake explained:
"The
live content pipeline, especially in sports, all but dried up overnight. Torque
& UMG Gaming already had a strong portfolio of competitive gaming content,
from virtual motorsports to traditional series and remote competitions. The
quality of Torque's programming and deep experience and history made the
decision easy.”
Olympic
Flame Removed from Display, Qualifying Athletes for Tokyo 2020 to Keep Spot in
Rescheduled 2021 Games
The Olympic flame
has been removed from display, according to a report from the Associated
Press.
Originally intended to remain on display through April, the flame was taken
down as part of the Japanese government’s effort to limit large gatherings so as
to combat the spread of COVID-19. Organizers told the publication:
“Tokyo 2020 will now keep the flame in an undisclosed
location to prevent people from gathering.”
Elsewhere the AP reports that the
roughly 6,500 athletes who qualified for the 2020 Olympics in Tokyo will get to
keep their spots for the rescheduled games in 2021. This comes from an
announcement by the International Olympic Committee (IOC), which affirmed that
“athlete health is the guiding principle in the scheduling of any remaining
Olympic qualification events.”
Sports Stocks - esports,
sports media, sports teams, sports betting, fantasy sports, sports equipment
and more...
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