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Sun Valley’s exclusive ‘billionaire summer camp’ back after covid-induced break

By news.com.au , in Finance , at July 6, 2021 Tags: , ,


Finance

Allen & Co.’s “summer camp for billionaires” returns to Sun Valley this week after taking a covid-induced hiatus – and a lot has changed since the power powwow was last held in 2019.

As usual, media moguls like Michael Eisner, Barry Diller and Reed Hastings will begin flying in on Monday to the posh Idaho mountain resort to mingle with tech tycoons including Tim Cook, Mark Zuckerberg and Airbnb’s 39-year-old chief executive, Brian Chesky.

But this year they will share the limelight with titans of industries that got an outside boost after the world shut down last year to stave off the deadly coronavirus.

Global video game revenue, for example, skyrocketed during the pandemic to almost $US180 billion ($A238 billion) – making it larger than the $US100 billion ($A132 billion) global film industry.

That means Activision Blizzard CEO Bobby Kotick could find more would-be partners nipping at his heels as he wanders the mountainous resort grounds.



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