Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake from the Buss family

On today's 'Daily Variety' podcast, Rebecca Rubin unpacks the year’s worst frame at the box office; why Mark Walter is the new king of L.A. sports.

The Los Angeles Dodgers are already looking ahead to 2026 with hopes of winning a third consecutive World Series.

The sale of the majority interest in the Los Angeles Lakers to Mark Walter has been unanimously approved by the NBA's Board of Governors, the league announced on Thursday.

Mark Walter has closed his acquisition of a majority stake in the Los Angeles Lakers in a deal worth an estimated $10 billion.

In a world where great fortunes often seek the spotlight, Mark Walter prefers the shadows. Discreet, calculated, and methodical, he has quietly built an empire that stretches from

The Buss family's four-decade run as majority owner of the Los Angeles Lakers is ending as the NBA approved the sale of the team to Mark Walter.

Businessman Mark Walter -- who already owns part of the Dodgers, Sparks and Chelsea Football Club -- has finalized a $10 billion purchase of the Lakers, the team announced today following unanimous approval of the deal by the NBA Board of Governors.

The NBA Board of Governors unanimously approved the sale of the Los Angeles Lakers to Mark Walter, according to the league. The deal valued the 17-time NBA champions at $10 billion, the highest control-sale value in the history of team sports.