DBusiness Daily Update: Lawrence Tech’s LTUX Entertainment Expo Returns in April, and More

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies. To share a business or nonprofit story, please send us a message.
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Photo of crowd in street during a fair
LTUX is a free, Lawrence Technological University campus-wide expo that combines anime, games, and Esports to showcase local talent. // Photo courtesy of LTU

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies. To share a business or nonprofit story, please send us a message.

Lawrence Tech’s LTUX Gaming and Amine Expo Slated for April 22

After a four-year hiatus due to the COVID-19 pandemic, Southfield’s Lawrence Technological University is bringing back its LTU Expo, better known as LTUX, a free, campus-wide expo that combines anime (Japanese animation), games, and Esports to showcase local talent.

The student-run event will run 10 a.m.-10 p.m. on Saturday, April 22, in various locations on the LTU campus (21000 W. 10 Mile Road).

Student organizers say the event offers a look at “great work, a welcoming studio culture, and a peek at the amazing potential of the game designers of tomorrow.”

In LTU’s auditoriums, attendees can hear from speakers about their experiences working in the gaming industry. In LTU’s UTLC Gallery, attendees can play games designed by LTU students, as well as independent games made in Michigan. LTU’s Buell Building Atrium will have up to 60 artist and vendor tables, most of which are independent local talent.

LTU’s growing Esports program also will sponsor gaming tournaments, and attendees can learn about Esports scholarship opportunities from LTU Esports Coach Danielle Sirekis and Assistant Coach Mackenzie Hinds.

There is also an ExtraLife charity stream and a Discord server for interacting with other attendees. Food trucks also will be available throughout the day.

“While the world may have made getting LTUX back on its feet difficult, all of the coordinators have been doing their best to make this event become a bright light to a wonderful future going forward,” says Maddie Damp, a senior majoring in game design from Kingsford who is LTUX student coordinator. “We all hope that everyone will come to see the wonderful reemergence of this expo, student and public alike.”

For more information, visit here.

New England Subaru Distributor Gifts $500K to Fund Northwood University Professor

Northwood University in Midland has received a $500,000 gift from distributor Subaru of New England to fund a new professorship, The Subaru of New England Professor of Automotive Strategy.

“The creation of this new professorship broadens Northwood University’s role as the market leader delivering undergraduate, graduate, and professional programs for the North American automotive industry,” says Kent MacDonald, president of Northwood. “Subaru of New England is also an industry-leading organization and a well-respected brand in the automotive sector. This investment is excellent for the entire industry, and we are grateful for their commitment to developing the next generation of automotive leaders.”

The Subaru of New England Professor of Automotive Strategy will teach, conduct research, and engage in industry outreach to positively impact the rapidly evolving, dynamic, multi-billion-dollar automotive industry. The position will be filled by an industry leader who will contribute to ensuring that Northwood University continues to expand its cutting-edge automotive industry programming.

“Northwood University has a rich history of excellence in the automotive industry,” says Ernie Boch Jr., president and CEO Subaru of New England. “This industry — including production, wholesaling, retailing, and maintenance of motor vehicles — reaches into every state and territory in the U.S. and across the globe like virtually no other. We must have innovators leading this industry in the future, and we are proud to help bolster Northwood’s efforts of continuing to grow and deliver these renowned programs.”

To apply to become the Subaru of New England Professor of Automotive Strategy, visit here.

Bally Sports Detroit Owner Files for Chapter 11 Bankruptcy

Baltimore-based Diamond Sports Group, owner of several regional sports networks including Bally Sports Detroit, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas while it restructures to eliminate over $8 billion of the Company’s outstanding debt.

Diamond says it intends to use the proceedings to restructure and strengthen its balance sheet, while continuing to broadcast quality live sports productions to fans across the nation. DSG expects that its Bally Sports regional sports networks will continue to operate in the ordinary course during the Chapter 11 process. Diamond says it is well capitalized with approximately $425 million of cash on hand to fund its business and restructuring.

The RSA Diamond is finalizing with creditors and Sinclair provides that Diamond will separate its business from Sinclair and become a standalone company. The RSA will further provide that Diamond’s first lien lenders will be unimpaired, while Diamond’s other secured and unsecured creditors will equitize their debt in exchange for equity and warrants issued by reorganized Diamond. Sinclair is expected to continue to provide management services during the proceeding and to provide transition services for a period after Diamond emerges from Chapter 11.

“The DSG Board of Managers has been evaluating strategic opportunities with the support of its advisors and in coordination with creditors to position the company for long term success and has determined that the best path forward for the Company and its stakeholders is to restructure through a Chapter 11 process,” says David Preschlack, CEO of Diamond. “We are utilizing this process to reset our capital structure and strengthen our balance sheet through the elimination of approximately $8 billion of debt. The financial flexibility attained through this restructuring will allow DSG to evolve our business while continuing to provide exceptional live sports productions for our fans.”

BCBSM Offers New Digital Women’s Health Program for Menopause

Blue Cross Blue Shield of Michigan and Blue Care Network will offer a new, women’s health solution to help guide members through a healthy transition into menopause.

Included as part of the Family Building and Women’s Health Support Solution with Maven Clinic that Blue Cross launched last year, the new component includes a personalized digital care app to help members identify menopausal symptoms and explore treatment options, consult with experts and connect with peers for communal support. The menopause solution is part of Blue Cross’ ongoing commitment to women’s health and providing support when it’s needed most.

In addition to their primary care provider, this solution serves as a safe space for women to receive expert counsel, support, and care during a time that can oftentimes feel isolating and disheartening.

Delivering one-on-one assistance from a care advocate who can provide hands-on support, the program also offers virtual clinical guidance from providers who specialize in menopause such as OBGYNs and pelvic floor therapists, as well as personalized mental health care from experts who can be available within less than one hour. The program also offers guided education and in-app communities to connect with others on a similar journey.

“We’re pleased to extend our Family Building and Women’s Health Support Solution to include not only maternity and family-building support, but guidance for women throughout the aging process,” says Kathryn Levine, president and CEO of Blue Care Network. “As part of our ongoing commitment to women’s health, we look forward to shining a light on the far-reaching symptoms and challenges of menopause, one of many age-related occurrences that are often left unaddressed.”

The menopause program will be available on July 1, for all fully-insured group and individual PPO and HMO members at no additional charge, and can be purchased as a buy-up for self-funded groups. To learn more about Blue Cross’ Family Building and Women’s Health Support Solution in partnership with Maven Clinic, visit here.

OneStream Hosts Annual Splash Conference This April in Washington, D.C.

OneStream, a Birmingham-based corporate performance management (CPM) solutions provider, is hosting its annual Splash User Conference and Partner Summit in Washington, D.C. from April 17-20 with in-person and virtual attendance options.

Splash brings together finance experts, OneStream staff, customers, and partners from around the globe to learn about new innovations, share best practices, review customer successes, and gain hands-on training through more than 75 sessions across four days. This year, more than 2,000 participants are expected to join the live event.

Event highlights include:

  • Keynotes from OneStream leadership as well as former auto racer, entrepreneur, and business owner, Danica Patrick.
  • Expo Hall featuring OneStream Booth and Partner Expo to answer questions about specialized OneStream topics with experts.
  • Hands-on workshops and drop-in demos to drive insights and learning with CPM experts.
  • Public Sector Reception – This is a new event we created just for Splash D.C. Designed to facilitate conversations regarding important topics on both policy and technology, it’s a great opportunity for attendees to connect and stay close to the heartbeat of the government services sector.
  • Splash Gives Back event in support of Fallen Patriots.
  • Breakout sessions will cover topics ranging from data integration and quality, to financial close, budgeting and planning; financial modeling, reporting and analysis, strategy and roadmap; MarketPlace solutions; and customer and partner success stories.

“We look forward to the innovation and collaboration that’s ignited when the OneStream community comes together during Splash,” says Tom Shea, CEO at OneStream. “There is a lot to be excited about with OneStream’s continued momentum and our latest innovations especially around AI and machine learning and the expansion of our MarketPlace.

“We look forward to sharing our plans for the future and hearing from customers, prospects and partners as we continue building OneStream as a best-in-class platform for evolving planning, reporting and performance management across the enterprise. Being surrounded by Washington, D.C.’s rich history and culture makes it a great place to learn, explore and have some fun.”

Kellogg Unveils Names for Global Snacking and North American Cereal Businesses

Kellogg Co. in Battle Creek has unveiled the names for the future companies it will create through its planned separation into two industry-leading, public companies focused on global snacking and North American cereal.

The names will go into effect in connection with the spin-off of the North American cereal business, which Kellogg intends to complete by the end of 2023. While the company names will change upon spin completion, the Kellogg’s brand will remain on product packaging of both companies around the world.

The global snacking, international cereal and noodles, plant-based foods, and North American frozen breakfast business will be named Kellanova. Kellanova will include Pringles, Cheez-It, Pop-Tarts, Kellogg’s Rice Krispies Treats, MorningStar Farms, Incogmeato, Gardenburger, Nutri-Grain, RXBAR, and Eggo. Kellanova also will steward a suite of international cereal brands, including Kellogg’s, Frosties, Zucaritas, Special K, Krave, Miel Pops, Coco Pops, and Crunchy Nut, among others.

The North American cereal business will be named WK Kellogg Co. WK Kellogg Co. will cover the U.S., Canada, and the Caribbean. Brands will include Kellogg’s, Frosted Flakes, Froot Loops, Mini-Wheats, Special K, Raisin Bran, Rice Krispies, Corn Flakes, Kashi, and Bear Naked.

Focus: HOPE to Host The Children’s Center Mental Health Town Hall

The Children’s Center in Detroit is hosting a town hall meeting 9:30 a.m.-noon March 25 at the Focus: HOPE Conference Center (1400 Oakman Blvd.) in Detroit.

The meeting will focus on mental health among young African American males, who are disproportionally affected by implicit bias, systematic racism, and a lack of trauma-informed supports.

The meeting will be emceed by Andre Ash, digital anchor at the Michigan Chronicle and moderated by J. Llyod Allen, an assistant professor at the Wayne State University School of Social Work.

Panelists will include Kevin Fischer, executive director of Nami MI C2C; Waymond Hayes, director of early childhood at Focus: HOPE; Arlyssa Heard, deputy director of 482Forward; and Antoine Jackson, youth pastor at Greater Mitchell Temple.

To register, visit here.