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59-556: Magnolia Pictures LLC is an American independent film distributor and production company, and is a subsidiary of Mark Cuban and Todd Wagner 's 2929 Entertainment . Magnolia was formed in 2001 by Bill Banowsky and Eamonn Bowles, and specializes in both foreign and independent films . Magnolia distributes some of its films, especially foreign and genre titles, under the Magnet Releasing arm. In April 2011, Cuban had placed Magnolia up for sale, but stated that he would not sell

118-677: A $ 10 million valuation. Cuban proposed a $ 5 million valuation, but never heard back from Kalanick. He was also an investor in Weblogs, Inc. , which was acquired by AOL . In 2005, Cuban invested in Brondell Inc., a San Francisco startup making a high-tech toilet seat called a Swash that works like a bidet but mounts on a standard toilet. "People tend to approach technology the same way, whether it's in front of them, or behind them", Cuban joked. He also invested in Goowy Media Inc.,

177-468: A 2016 survey of over 1,000 recruiters by Bloomberg Businessweek , the undergraduate school was ranked 4th in the nation, 1st among public universities. Kelley also ranked No. 1 as the school ‘Most Recommended by Alumni’ and ‘Best Career Advising” by Poets and Quants. In 2024, U.S. News ranked these undergraduate programs within the top 15 in the nation: The university was ranked #8 overall. As of late 2017, 10 business concentrations have been ranked in

236-447: A San Diego Internet software startup. In April 2006, Sirius Satellite Radio announced that Cuban would host his own weekly radio talk show, Mark Cuban's Radio Maverick . However, the show has not materialized. In July 2006, Cuban financed Sharesleuth.com , a website created by former St. Louis Post-Dispatch investigative reporter Christopher Carey to uncover fraud and misinformation in publicly traded companies. Experimenting with

295-496: A bar, disco lessons, and a chain letter . After graduating, Cuban returned to Pittsburgh and took a job with Mellon Bank , where he immersed himself in the study of machines and networking. On July 7, 1982, Cuban moved to Dallas , Texas, where he first found a job as a bartender for a Greenville Avenue bar called Elan and then as a salesperson for Your Business Software, one of the earliest PC software retailers in Dallas. He

354-551: A few years after the acquisition. Cuban has repeatedly described himself as very lucky to have sold the company before the dot-com bubble burst. However, he also emphasized that he hedged against the Yahoo! shares he received from the sale and would have lost most of his fortune if he had not done so. Cuban continues to work with Wagner in another venture, 2929 Entertainment , which provides vertically integrated production and distribution of films and video. On September 24, 2003,

413-465: A fictional dramatization based on the 2006 Mahmudiyah killings , written and directed by Brian De Palma . In September 2007, Cuban, in his capacity as owner of Magnolia Pictures, removed disturbing photographs from the concluding moments of the Redacted , citing copyrights/permissions issues. In April 2011, Cuban put Magnolia Pictures and Landmark Theatres up for sale, but said, "If we don't get

472-465: A lawsuit against Cuban, alleging the franchise was insolvent or in imminent danger of insolvency. In June 2010, Cuban responded in a court filing maintaining Perot is wrongly seeking money to offset some $ 100 million in losses on the Victory Park real estate development. The lawsuit was dismissed in 2011, due in part to Cuban asserting proper management of the team due to its recent victory in

531-686: A layer-2 decentralized exchange protocol, Injective Protocol and their CEO Eric Chen. Also in late 2021, Cuban purchased the entire town of Mustang, Texas , a 77-acre town in Navarro County. He told the Dallas Morning News that a buddy needed to sell it and, "I don't know what if anything I will do with it." Cuban has been a "shark" investor on the ABC reality program Shark Tank since season two in 2011. As of May 2015, he has invested in 85 deals across 111 Shark Tank episodes, for

590-554: A minority owner of the New York Mets after owner Fred Wilpon announced in 2011 that he was planning to sell up to a 25% stake in the team. Cuban has wanted to purchase his hometown Pittsburgh Pirates , but was rebuffed by then owner Kevin McClatchy in 2005. Kelley School of Business The Kelley School of Business ( KSB ) is an undergraduate and graduate business school at Indiana University Bloomington ,

649-467: A new business model for making online journalism financially viable, Cuban disclosed that he would take positions in the shares of companies mentioned in Sharesleuth.com in advance of publication. Business and legal analysts questioned the appropriateness of shorting a stock before making public pronouncements which are likely to result in losses in that stock's value. Cuban insisted that the practice

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708-604: A new position as president and CEO of the Indiana University Foundation. On May 9, 2013, interim dean Idalene Kesner was announced as the new dean of the school. Kesner is the first woman to serve as dean The Kelley School has partnered with National Football League Players Association , Women's National Basketball Players Association , MLS Players Association and Major League Baseball Players Association to pursue master's program for sports players. The Kelley School of Business undergraduate program

767-537: A pair of expensive sneakers. A few years later, he earned money by selling stamps and coins. At age 16, Cuban took advantage of a Pittsburgh Post-Gazette strike by running newspapers from Cleveland to Pittsburgh. Instead of attending high school for his senior year, he enrolled as a full-time student at the University of Pittsburgh , where he joined the Pi Lambda Phi fraternity . After one year at

826-522: A strike. He graduated from the Kelley School of Business at Indiana University and embarked on a diverse business career that included founding MicroSolutions and Broadcast.com , both of which he sold at substantial profits. Cuban's investments span various industries, from technology and media to sports and entertainment. He has been a prominent figure in the NBA, known for his active involvement with

885-411: A total of $ 19.9 million invested. The actual numbers may vary because the investment happens after the handshake deal on live television, after the due diligence is performed to ensure the accuracy of the information presented in the pitch room. For instance, Hy-Conn, a manufacturer of fire hose adapters, after agreeing to a deal of $ 1.25 million for 100% of the company with Cuban, did not go through with

944-548: Is Jewish , and grew up in Mount Lebanon , a suburb of Pittsburgh, in a working-class family. His paternal grandfather changed the surname from "Chabenisky" to "Cuban" after his family emigrated from Russia through Ellis Island . His maternal grandparents were Romanian Jewish immigrants, according to Mark's brother Brian, though Mark has claimed his maternal grandmother was from Lithuania . Cuban first ventured into business at age 12. He sold garbage bags to pay for

1003-668: Is an American businessman and television personality. He is the former principal owner and current minority owner of the Dallas Mavericks of the National Basketball Association (NBA), co-owner of 2929 Entertainment , and was one of the main "sharks" on the ABC reality television series Shark Tank . Born in Pittsburgh, Pennsylvania , Cuban was involved at a young age in ventures ranging from selling garbage bags to running newspapers during

1062-615: Is consistently ranked among the top 10 in the country across various publications. In its most recent ranking, Bloomberg Businessweek ranked the undergraduate Kelley School of Business 1st among public business schools. Overall, it was ranked the 4th in the nation for its undergraduate B.S. in Business out of more than 100 of the top business schools in America. The prior year, Kelley was also ranked 4th. The 2016 ranking for "Best Undergraduate Business Schools" by Poets & Quants ranked

1121-473: Is legal in view of full disclosure. In April 2007, Cuban partnered with Mascot Books to publish his first children's book, Let's Go, Mavs! . In November 2011, he wrote a 30,000-word e-book , How to Win at the Sport of Business: If I Can Do It, You Can Do It , which he described as "a way to get motivated". In October 2008, Cuban started Bailoutsleuth.com as a grassroots, online portal for oversight over

1180-546: Is located on the Bloomington campus, but two positions, Executive Associate Dean - Indianapolis and Associate Dean of Indianapolis Research and Programs, were created to lead the Kelley School of Business curriculum, faculty and programs at IUPUI. Completed in 2003, the $ 33 million Graduate and Executive Education Center provides facilities to the Kelley School's graduate and executive education students. In 2003,

1239-757: The Los Angeles Times in November 2011 "I don't think the Dodgers franchise is worth twice what the Rangers are worth." However, as the bidding process drew near many speculated that the sale would surpass $ 1.5 billion, with Jon Heyman of CBS Sports reporting on Twitter that at least one bid in the $ 1–1.5 billion range was placed in the initial round of the bidding process. Ultimately, the Dodgers sold for $ 2.15 billion to Guggenheim Baseball Management . Cuban also previously expressed interest in becoming

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1298-539: The 2011 NBA Finals . In 2014, the 5th Circuit Court affirmed that decision on appeal. Following his initial defeat, Perot attempted to shut out Mavericks fans from use of the parking lots he controlled near the American Airlines Center . In January 2018, Cuban announced the Mavericks would be accepting Bitcoin as payment for tickets in the following season. On March 4, 2021, Cuban announced

1357-664: The Chicago Cubs and was invited to participate in a second round of bidding along with several other potential ownership groups. Cuban was not selected to participate in the final bidding process in January 2009. In August 2010, Cuban actively bid to buy the Texas Rangers with Jeffrey L. Beck. Cuban stopped bids after 1 a.m., having placed bids totaling almost $ 600 million. He had outbid a competing ownership group led by ex-pitcher and Rangers executive Nolan Ryan , but lost

1416-544: The dot com boom , Broadcast.com was acquired by Yahoo! for $ 5.7 billion in Yahoo! stock. The Guinness Book of Records credits Cuban with the "largest single e-commerce transaction" after purchasing a Gulfstream V jet for $ 40 million over the internet in October 1999. Yahoo!'s costly purchase of Broadcast.com is now regarded as one of the worst internet acquisitions of all time. Broadcast.com and Yahoo!'s other broadcasting services were discontinued within

1475-486: The social software and distributed networking industries. He was an owner of IceRocket , a search engine that scours the blogosphere for content. In 2005, Cuban invested $ 1.7 million in file-sharing company RedSwoosh , co-founded by Travis Kalanick , providing much-needed capital to the company after the early 2000s recession . Red Swoosh was acquired by Akamai for $ 19 million in 2007. Kalanick later approached Cuban in 2009 to invest in his next venture Uber at

1534-554: The 2010 QS Global 200 Business Schools Report the school was indexed as the 24th best business school in North America. Fortune Small Business magazine listed Kelley's MBA and undergraduate programs in entrepreneurship #1 among all public universities in the nation in 2009. A 2017 report by Crist|Kolder Associates listed Indiana University 5th in producing current Fortune 500 CEOs and 1st in producing Fortune 500 CFOs among public institutions. The Kelley School of Business

1593-602: The Kelley Online MBA was ranked No. 1 by Poets & Quants . In 2017, The Economist ranked the Kelley Master of Business Administration (MBA) program #22 in the world (17th in the U.S.). The Kelley MBA was ranked 16th by Business Week in 2014; it was ranked fifth for regional MBA programs by the Wall Street Journal in 2007. Poets & Quants ranked Kelley's MBA program 5th in

1652-460: The Kelley School of Business 7th in the nation and 2nd among public schools. Kelley is also ranked 2nd in academic excellence. In 2017, Poets & Quants ranks Kelley 6th in the nation, and 2nd in terms of employment. It lists an acceptance rate of around 37% and an average ACT and SAT of 30 and 1370 respectively. The Kelley School of Business is ranked 8th overall for its Undergraduate Business Program according to U.S. News & World Report . In

1711-633: The Kelley School partnered with the Scotts Miracle-Gro Company to launch Bloomington Brands, a unique brand management work-study program for both undergraduates and MBA students. Participating students manage the Osmocote Plant Food brand under contract from Scotts. Bob Stohler, a former Scotts executive, instructs and oversees the students. Students manage all marketing variables for the Osmocote brand, including

1770-491: The Kelley School renamed its Undergraduate Building Hodge Hall in honor of James R. Hodge who had given $ 15 million to help renovate and expand the facility. The $ 60 million expansion and renovation of Hodge Hall broke ground in May 2012 and opened in the fall of 2014. The Eli Lilly Foundation donated a substantial amount as well. In June 2012, Dan Smith stepped down as dean of the school after serving as dean for seven years to take

1829-492: The Mavericks (with which he won the 2011 NBA Championship as owner), and disputes with the league's management. In his side ventures, Cuban has been involved in philanthropy, political commentary, and reality television. Cuban was born in Pittsburgh, Pennsylvania , on July 31, 1958. His father, Norton Cuban, was an automobile upholsterer . Cuban described his mother, Shirley (née Feldman ), as someone with "a different job or different career goal every other week." Cuban

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1888-543: The Mavericks would begin accepting Dogecoin as payment for both merchandise as well as tickets to games. In early 2021, he decided to stop playing the National Anthem at Dallas Mavericks games in order to "respect those whose believed the anthem did not represent them." He also supported the movement as far back as late 2020. The NBA responded by requiring every team to play it, citing it as their "long-standing policy". Cuban did not complain, and ended up playing

1947-653: The Top 20. The undergraduate Entrepreneurship & Corporate Innovation major has been ranked 1st among public universities for the last 9 consecutive years. In 2024, the Kelley MBA was ranked 20th overall by U.S. News & World Report. It was also ranked No. 31 Overall (28th in Compensation) in 2024 by Bloomberg Businessweek . The Kelley Online MBA consistently ranks #1 overall. In 2024, US News and Poets & Quants both ranked it #1 overall. In 2021,

2006-450: The U.S. government's $ 700 billion "bailout" of financial institutions. It no longer exists as a website. In September 2010, Cuban provided an undisclosed amount of venture capital to store-front analytics company Motionloft. According to the company's CEO Jon Mills, he cold-emailed Cuban on a whim with the business proposition and claimed Cuban quickly responded that he would like to hear more. Mills credited that sentence for launching

2065-568: The University of Pittsburgh, Cuban transferred to Indiana University in Bloomington, Indiana , where he graduated from the Kelley School of Business in 1981 with a Bachelor of Science degree in management . He chose Indiana's Kelley School of Business without even visiting the campus because it "had the least expensive tuition of all the business schools on the top 10 list". He had various business ventures during college, including

2124-573: The acquisition of goods and services. The community for doge is the strongest when it comes to using it as a medium of exchange." After Voyager Digital , a cryptocurrency lender, filed for Chapter 11 bankruptcy protection in July 2022, Cuban and the Dallas Mavericks were named in a class-action lawsuit that alleged that Voyager Digital was a Ponzi scheme the following month due to Cuban's promotion of Voyager and Voyager's sponsorship with

2183-532: The aim of lowering generic drug prices for end consumers in the U.S. On January 4, 2000, Cuban purchased a majority stake in the NBA 's Dallas Mavericks for $ 285 million from H. Ross Perot Jr. In the 20 years before Cuban bought the team, the Mavericks won only 40% of their games and had a playoff record of 21–32. In the 10 years following, the team won 69% of their regular season games and reached

2242-589: The anthem. On November 28, 2023, The Dallas Morning News reported that Cuban was in the process of selling his share in the Dallas Mavericks to Miriam Adelson . On December 27, 2023, the NBA approved the sale of a controlling interest of 73% in the Dallas Mavericks to the Adelson and Dumont families. Cuban has repeatedly expressed interest in owning a Major League Baseball franchise and has unsuccessfully attempted to purchase at least three franchises. In 2008, he submitted an initial bid of $ 1.3 billion to buy

2301-412: The category came into existence it won the award for outstanding reality program for two consecutive seasons (2012 to 2013), all of these awards came after he joined. As of 2023, Cuban is the richest of all Sharks to appear on the show. He announced in November 2023 that the show's 16th season will be his last. Cuban owns film distributor Magnolia Pictures . Through Magnolia, he financed Redacted ,

2360-493: The company unless the offer was "very, very compelling." One of the recent releases Magnolia distributed is Shoplifters , a Japanese drama that won the Palme d'Or at the 2018 Cannes Film Festival and was nominated for Best Foreign Language Film at the 91st Academy Awards. Magnify , formerly Magnolia Pictures International, is the global sales arm of Magnolia Pictures. Mark Cuban Mark Cuban (born July 31, 1958)

2419-454: The company's largest clients was Perot Systems . The company grew to more than $ 30 million in revenue, and in 1990, Cuban sold MicroSolutions to CompuServe —then a subsidiary of H&R Block —for $ 6 million (over $ 14.7 million today). He made approximately $ 2 million after taxes on the deal. In 1995, Cuban and fellow Indiana University alumnus Todd Wagner joined Audionet (founded in 1989 by Chris Jaeb, who retained 10% of

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2478-475: The company), combining their mutual interest in Indiana Hoosier college basketball and webcasting . With a single server and an ISDN line, Audionet became Broadcast.com in 1998. By 1999, Broadcast.com had grown to 330 employees and $ 13.5 million in revenue for the second quarter. In 1999, Broadcast.com helped launch the first live-streamed Victoria's Secret Fashion Show . That year, during

2537-505: The company. In November 2013, several investors questioned Cuban about Mills' representation of a pending acquisition of Motionloft. Cuban denied an acquisition was in place. Mills was terminated as CEO of Motionloft by stockholders on December 1, 2013, and in February 2014 was arrested by the FBI and charged with wire fraud; it was alleged that Mills misrepresented to investors that Motionloft

2596-567: The deal before the Rangers played the San Francisco Giants in the 2010 World Series . In January 2012, Cuban placed an initial bid for the Los Angeles Dodgers , but was eliminated before the second round of bidding. Cuban felt that the value of the Dodgers' TV rights deal drove the price of the franchise too high. He had previously said that he would not be interested in buying the franchise at $ 1 billion, telling

2655-400: The deal. Cuban's top three deals, all with at least $ 1 million invested, are Ten Thirty One Productions , Rugged Maniac Obstacle Race, and BeatBox Beverages . Since Cuban joined the show in 2011, the ratings for Shark Tank have increased , and also during his tenure, the show has won four Primetime Emmy Awards for Outstanding Structured Reality Program (from 2014 to 2017). Before

2714-553: The fall of 1974 that the Kelley School of Business officially expanded to Indianapolis. It resides in the Business/Spea building on the IUI campus. During the expansion, it was said that the Kelley School of Business is "one school, one faculty, one curriculum in two locations". Therefore, rankings which apply to the school's Bloomington campus, also apply to its Indianapolis campus (for the programs they both share). The dean's office

2773-491: The firm purchased Landmark Theatres , a chain of 58 arthouse movie theaters. The company is also responsible for the updated version of the TV show Star Search , which was broadcast on CBS . 2929 Entertainment released Bubble , a movie directed by Steven Soderbergh , in 2006. Cuban was featured on the cover of Best magazine's November 2003 premiere issue, announcing the arrival of high-definition television . Cuban also

2832-597: The flagship campus of the Indiana University system. As of 2022, approximately 13,538 full-time undergraduate and graduate students are enrolled on its Bloomington campus, as well as 1,596 students at the Indianapolis campus. In addition, more than 800 students study for graduate degrees through the school's online MBA and MS programs through "Kelley Direct". The school was established as "School of Commerce and Finance" of Indiana University in 1920. It

2891-659: The nation in producing Fortune 500 CEOs. Bloomberg Businessweek ranked its full-time MBA program at No. 15 in the 2012 edition, and at No. 4 among all public universities . US News & World Report ranks the Kelley MBA 22nd in the nation, 7th among public business schools. Kelley's top-ranked MBA program for full-time residential students has been cited in Business Week as one of the favorites of corporate recruiters looking for general managers, marketing talent, and finance graduates. The 2017 U.S. News & World Report ranks Kelley's Online Graduate Business Program #1 in

2950-485: The nation, and the online MBA #3. Teaching quality in core classes has been ranked No. 1 in the nation by both the Princeton Review and Businessweek . The school's doctoral program has contributed to overall teaching and research by sending more than 1,000 doctoral graduates to key positions in industry and academe. The Graduate Entrepreneurship concentration has been ranked 1st for 3 consecutive years. In

3009-622: The playoffs in each of those seasons except for one. The Mavericks' playoff record with Cuban is 49–57, including their first trip to the NBA Finals in 2006, where they lost to the Miami Heat . NBA team owners historically play more passive roles and watch basketball games from skyboxes; Cuban, however, sits alongside fans while donning team jerseys. Cuban travels in his private airplane—a Gulfstream V —to attend road games. In May 2010, H. Ross Perot Jr. , who retained 5% ownership, filed

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3068-417: The price and premium we want, we are happy to continue to make money from the properties." Cuban has invested in the cryptocurrency Dogecoin , as well as accepting the particular cryptocurrency as a method of payment for Dallas Mavericks merchandise and tickets since at least early 2021. After being asked by CNBC for his thoughts on the payment method, Cuban responded, "It’s a medium that can be used for

3127-452: The selection of product formulas, sizes, packages, and pricing , as well as the development of marketing strategy, advertising , media purchase and selection, promotional activities, and consumer research. Brands students work closely with multiple business functions at Scotts. In the summer of 2005, interim Dean Dan Smith was appointed to be the new dean of the school, replacing Dean Dan Dalton who stepped down in 2004. On March 30, 2012,

3186-602: The series was canceled before the full season aired due to poor ratings. In 2018, Cuban was no. 190 on Forbes ' list of "World's Richest People", with a net worth of $ 3.9 billion. Cuban financially supported Grokster in the Supreme Court case MGM v. Grokster . He is also a partner in Synergy Sports Technology , a web-based basketball scouting and video delivery tool used by many NBA teams. Cuban has also assisted ventures in

3245-578: The team. In February 2022, the U.S. 11th Circuit Court of Appeals ruled in a lawsuit against Bitconnect that the Securities Act of 1933 extends to targeted solicitation using social media . In September 2023, Cuban's MetaMask cryptocurrency wallet was drained by scammers. As a result he had lost about $ 870,000 worth of tokens. In January 2022, Cuban launched the Mark Cuban Cost Plus Drug Company , with

3304-487: Was co-founder (with Philip Garvin) of AXS TV (formerly HDNet), the first high-definition satellite television network. In February 2004, Cuban announced that he would be working with ABC television to produce a reality television series, The Benefactor . The premise of the six-episode series involved 16 contestants trying to win $ 1 million by participating in various contests, with their performances being judged by Cuban. It premiered on September 13, 2004, but

3363-416: Was fired less than a year later, after meeting with a client to procure new business instead of opening the store. Cuban co-founded MicroSolutions with support from his previous customers at Your Business Software. Initially, MicroSolutions operated as a systems integrator and software reseller. The company was an early proponent of technologies such as Carbon Copy , Lotus Notes , and CompuServe . One of

3422-549: Was going to be acquired by Cisco . Cuban has gone on record to state that the technology, which at least in part is meant to serve the commercial real estate industry, is "game changing" for tenants. In 2019, Cuban, Ashton Kutcher , Steve Watts and Watts' wife Angela, acquired a 50% stake in Veldskoen Shoes United States business. In 2021, Cuban, Pantera Capital , BlockTower, Hashed, Cadenza Ventures (backed by 100x Group), CMS and QCP Capital backed

3481-779: Was subsequently renamed "School of Business Administration" in 1933 and "School of Business" in 1938. In 1997, it was named "Kelley School of Business" after its alumnus E.W. Kelley , chairman of the Steak n Shake Company, who had given a donation of $ 23 million. Initially, it was housed in the Commerce Building constructed in 1923 (William A. Rawles Hall since 1971), moving to the Business and Economics Building in 1940 (called Woodburn Hall since 1971), and finally to today's Business School building in 1966. Although classes had been held in Indianapolis since 1961, it wasn't until

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