Hall of Fame Resort & Entertainment Co (NASDAQ: HOFV) screaming for the top in the market this morning after announcing that it has entered into a deal with Sports Illustrated. Here’s what’s going on:
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HOFV Stock Rockets On Sports Illustrated Partnership
In the press rleease, Hall of Fame Resort & Entertainment announced that it signed a media partnership agreement with WaV and Sports Illustrated Studios. Under the terms of the agremeent, the two will work to produce exclusive, original docuseries centered around the NFL Alumni Academy, the NFL Alumni Association’s player development program.
In the release, HOFV said that the deal allows it to deliver upon its business goals and objectives by creating exciting new content for its media division. The company said that content will be used to further supoort its long-term strategic priorities.
This Is Massive News
The news released by Hall of Fame Resort & Entertainment this morning proved to be overwhelmingly positive. The company’s partnership is with one of the largest brands in sports media today. That’s a great opportunity for HOFV to not only expand its content, but tap into the massive audience that follows Sports Illustrated.
Ultimately, this partnership is likely to lead to increased revenue and compelling growth in the value of the stock. All in all, HOFV stock is one to watch closely.
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