Ballast Point gets sold for $1 Billion It's popular nowadays for entrepreneurs looking to create a company to sell for a big profit go into the tech space. You may want to reconsider and start brewing craft beer. Constellation Brands, the maker of Robert Mondavi wine and Svedka vodka just purchased craft brewer Ballast Point for $1 Billion.
Since 2011 craft brewers Goose Island, Blue Point, 10 Barrel Brewing, Elysian Brewing, Virtue Cider, Saint Archer, Lagunitas, and Golden Road Brewing have all been acquired by the big beer companies (InBev, Miller Coors, and Heineken NV). It looks like the industry will continue to consolidate and be lucrative for craft breweries looking to cash out.
Buffet Sponsors Beer Mile World Record Holder Speaking of beer, you can make money not just by brewing it, but also being able to run and drink it fast. Brooks, a running sneaker company owned by Warren Buffet just sponsored the Beer Mile World Record holder, Lewis Kent. The beer mile is a race that entails drinking a beer, running 400 meters, drinking a beer, running 400 meters, drinking a beer, running 400M, and finishing it off with the 4th beer and 400 meter lap. Lewis completed the beer mile in 4:47, which is a fast time even if he didn't have to pound 4 beers.
Coverage of the 2015 Beer Mile World Championships
Maintaining the Millenium FalconThe new Star Wars movie crossed the $1 billion threshold in only 12 days after it's release. The high revenues will be needed. After analyzing the cost of commercial and fighter jets, UK engineering firm SG Engineering projected that it would have cost Hans Solo about $3 million a year to maintain the Millenium Falcon. At 111 ft long by 82 ft wide, they conclude that it would cost about $4.8 billion to build it. I wonder if Lockheed Martin is actually working on making one. We shouldn't worry too much about Hans Solo having the money to cover the maintenance costs. He was reportedly paid $20 million for his role in Star Wars, about 50 times more than his co stars made. Just How Cheap is Oil The price of oil has come down so much over the past couple of years that it is now cheaper than water, milk, soda, coffee, and wine. I brings back a memory of a trip to Paris and England in 2002 where I observed that a beer at the time was cheaper than ordering a soda or bottle of water at a restaurant.
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