Participants in this year's conference had to be fully vaccinated, and upon arrival, everyone had to take a COVID-19 test. Bloomberg reported Comcast Corporation's takeover of NBCUniversal and Verizon Communications Inc.'s acquisition of AOL were also said to have been facilitated at the conference. Updated: 12:32 pm PT 6/7/21 to reflect that John Stankey will not attend the conference. Shari Redstone, chairman of Paramount Global, and David Zaslav, CEO of the newly minted Warner Bros. Sun Valley Conference 2021: Billionaire Summer Camp Explained Idaho; venues include the Sun Valley Lodge (above). Putting a premium on personal ties, this family firm thrives in the land of the giants. Kevin Dietsch/Getty Images 800-228-4966. The one-percent of the one-percenters lead busy lives, after all. NPR scored its own exclusive interview with IAC Chairman Barry Diller, in which he argued the movie business "is over.". Matt Borud, Marketing and Innovation Administrator for the Idaho Department of Commerce says the exposure and attention have positive impacts for tourism in Sun Valley, and business in Idaho in general. Facebook CEO Mark Zuckerberg walks with Facebook COO Sheryl Sandberg at the Sun Valley conference. And of course, this being the top brass of tech, there were the hoodies, like the one spotted by 79-year-old Diller. IAC Chairman Barry Diller walks to a morning session at the Allen & Company Sun Valley Conference on Wednedsday in Sun Valley, Idaho. Silicon Valley Execs Visit Sun Valley 'Summer Camp for Billionaires' Because of pandemic restrictions, children were not allowed. Sun Valley Conference 2022: Photos of CEOs in All rights reserved. Sun Valley Conference Returns With Media Moguls - Variety It's reported the AOL-Time Warner deal was hatched at the conference. Minnesota Power places a high value on healthy, uninjured workers. [Inside Idaho: The legend of the Kuna Caves]. Discovery. Minneapolis Convention Center,May 8-10, 2018. Allen & Company is a private investment firm formed in 1922, with headquarters in New York City and London. Discovery's David Zaslav and Bruce Campbell to Walt Disney boss Bob Chapek as well as his predecessor Bob Iger media and tech And though Rupert Murdoch may be sitting out this conference, sons James and Lachlan are expected to attend. 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. CNBC set up a studio on the side of a nearby mountain, and a several attendees sat down for interviews, including Verizon CEO Hans Vestberg and LinkedIn co-founder Reid Hoffman. Read Next: The Penguin Series at HBO Max Casts Clancy Brown, VIP+ Analysis: For Some in Media, Its the Calm Before the Crash, Harry Potter Star Evanna Lynch: I Wish People Would Give J.K. 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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. This years group of Ivory Tower denizens includes The University of Chicago President Bob Zimmer, Georgetown University President Jack DeGioia, and Nicholas Christakis, Yale Universitys Sterling Professor of Social and Natural Science. Bill Gates Instead on chilly mornings, guests wore puffier outerwear. Apple CEO Tim Cook waves at photographers as he attends the Sun Valley Conference on Thursday. While folks who arent invited cant get into the conference itself, media camp outside the event and wait for a chance to catch photos of stars like Oprah Winfrey. From Warner Bros. Kevin Dietsch/Getty Images The Black community has historically been the most underrepresented, despite the number of Black power players in media and entertainment. 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 Other deal talk could this year move from hunting for new targets to focusing on getting the most out of past deals or existing business portfolios. Minnesota Power an ALLETE Company Read Next: Rachael Ray Talk Show to End After 17 Seasons, Michael P. OLeary Named CEO and President of National Association of Theatre Owners, Dead by Daylight Horror Movie Coming From Blumhouse, Atomic Monster and Behaviour Interactive (EXCLUSIVE), Will Hollywood Hit Cannes? Perhaps the most noticeable change had to do with children, or rather, the lack thereof. So was Walt Disney's purchase of CapCities/ABC, and Comcast's deal for NBCUniversal. The Allen & Company Sun Valley Conference is an annual media finance conference hosted and funded by private investment firm Allen & Company. The Discovery chief could be joined at the annual confab of power brokers and media barons by Amazon founder Jeff Bezos, fresh off his $8.5 billion deal to purchase Metro-Goldwyn-Mayer. Minnesota Power an ALLETE Company 30 West Superior Street Duluth, MN 55802 co-founder Jerry Yang, financer George Soros, Facebook founder Mark Zuckerberg, media mogul Rupert Murdoch,[5] eBay CEO Meg Whitman, BET founder Robert Johnson, Time Warner Chairman Richard Parsons, Nike founder and chairman Phil Knight,[6] Dell founder and CEO Michael Dell,[7] NBA player LeBron James, Professor and entrepreneur Sebastian Thrun, Governor Chris Christie, entertainer Dan Chandler, Katharine Graham of The Washington Post, Diane Sawyer, InterActiveCorp Chairman Barry Diller, Linkedin co-founder Reid Hoffman, entrepreneur Wences Casares, EXOR and FCA Chairman John Elkann, and Washington Post CEO Donald E. Graham, Ivanka Trump and Jared Kushner,[8] Bob Iger, Warner Bros. 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Power players traditionally have used the exclusive and secretive event to casually lay the groundwork for M&A. Here are five takeaways from the 38th Sun Valley conference: It was easy to see signs of the pandemic reality all around, and how it has changed our notion of what's normal. [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. With that in mind, any photos or reports of Chapek and Iger chatting, or simply standing near each other, could draw attention. Sun Valley 2022: What to Expect at Allen & Co. Webmtcexpo.com. Kevin Dietsch/Getty Images Execs have been spotted arriving, checking in, and even heading out for Training Video Now Safety Training Videos, Mature driver classes (insurance discount), MN Network of Employers for Traffic Safety (NETS). All Rights Reserved. 2023 Variety Media, LLC. As usual, most participants traveled by private jets. Other pols and Beltway insiders include Council of Foreign Relations President Richard Haass, former U.S. Secretary of Transportation Elaine Chao, former U.S. Secretary of State James Baker, and William McRaven, the former Commander of the United States Special Forces. Then there's the appearances that attract speculation for other reasons. But of course, moguls have products and services to sell, and you can't do that without some media exposure. 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. Or as close to it as possible. And at time when some journalists can be as famous, or even more famous than some of the participants, it's natural that some members of the media would attend not to cover the events, but to hobknob as participants. Note: Revenues for privately held companies are statistical evaluations. Sun Valley 2021: Allen & Co. Conference to Return Amid This year is unlikely to be different, even if the tone may be different from last year. WebSince its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Given weakened media and entertainment stock prices amid a difficult first half of 2022 and fears of a recession, which would hit advertising revenue of companies, many executives could over the near-term concentrate more on the blocking and tackling needed to navigate the new uncertainty than on striking big, transformative deals. Kevin Dietsch/Getty Images "Love is in the air! Cc @JeffBezos and Lauren Sanchez are back in #SunValley more now on @FoxBusiness @LizClaman," Gasparino tweeted. Outside the Sun Valley Lodge, NFL Commissioner Roger Goodell chatted with Robert Kraft, the owner of the New England Patriots. The Hollywood Reporter is a part of Penske Media Corporation. This year, Allen & Co. seemed determined to pick up right where it left off. About BoiseDevContact: [emailprotected]Privacy policy | Terms, Anna Daly is a reporter for BoiseDev. They will hit the posh resort at a time when many analysts and insiders believe that Hollywood and Silicon Valley are in the midst of an unprecedented period of consolidation. With few exceptions, the CEOs at the elite event are largely white males. While we'll have to wait and see what comes of this year's conference, we can at least get a glimpse of which moguls have arrived at this year's ultra-exclusive enclave.