Media and tech moguls appear on day one for the exclusive Sun Valley 'billionaire summer camp'

11 months ago

Big names in the film, technology, design and sports industries made their appearances at Sun Valley in rural Idaho Tuesday for the start of the annual 'billionaire summer camp' for tech and media moguls.

The elite gathering, hosted by investment bank Allen & Company brings together A-listers from various industries each year, although the event was cancelled in 2020 due to the coronavirus pandemic.

This year, the five-day conference running from July 6 to 10, held at the edge of Idaho's Sawtooth National Forest in a tiny town of just 1,500, is set to feature strict checks to ensure it does not become a super spreader event.  

Some of this year's sessions will be held outside in an attempt to minimize risk.

Among the major figures who have appeared so far include businessman and New England Patriots owner Robert Kraft, Facebook COO Sheryl Sandberg, Netflix Co-CEOs Reed Hastings and Ted Sarandos, CBS News' Gayle King, CNN's Anderson Cooper, Nike CEO John Donahoe, former Disney CEO Michael Eisner, Shari Redstone, chairwoman of ViacomCBS and Stacey Bendet, CEO of fashion company Alice + Olivia.

Additionally, a plane belonging to Jeff Bezos arrived at the local airport in nearby Hailey, but the billionaire Amazon founder had yet to make an appearance.    

Facebook COO Sheryl Sandberg arrived with television producer Tom Bernthal Tuesday on day one of the Sun Valley 'billionaire summer camp' conference in Idaho, where A-listers from across industries meet annually 

Stacey Bendet, CEO of fashion company Alice + Olivia and billionaire businessman and New England Patriots owner Robert Kraft arrived on Tuesday at this year's 'billionaire summer camp' at Sun Valley, where some of the biggest names in tech, design, film and sports gather each year for the five-day conference

Jeff Bezos' Gulfstream G650 could be seen arriving at Idaho's Friedman Memorial Airport Tuesday, although the billionaire Amazon founder had yet to make an appearance  

CBS News' Gayle King also made her appearance at the Sun Valley conference on Tuesday

CNN's Anderson Cooper also arrived on Tuesday. The conference features some of the top names in tech, entertainment and sports 

Disney board Chairman Bob Iger also appeared for day one of the conference. Major business deals have been struck in the past after the event  

ViacomCBS Chairwoman Shari Redstone and Nike CEO John Donahoe made their appearances Tuesday at the business networking event 

Netflix Co-CEOs Reed Hastings (left) and Ted Sarandos rolled up at Sun Valley 

All attendees needed to undergo Covid screenings to ensure it does not become a super spreader event. Last year's Sun Valley conference was cancelled due to the pandemic 

Ken Langone (left), an American billionaire businessman, investor and philanthropist, and Jeff Bewkes, former CEO of Time Warner, arrive at the conference

Anne-Cecilie Engell Speyer, co-created the Never Stop Learning platform, arrives on Tuesday

CEO of Empresas Polar Lorenzo Mendoza (left) and Chairman of Capital Research and Management Company Carl Kawaja arrive on Tuesday

Other influential names on the guest list are Amazon's Jeff Bezos and his successor Andy Jassy, as well as Apple's Tim Cook, Facebook's Mark Zuckerberg and Microsoft's Bill Gates, according to Infowars.

The site also reported that WarnerMedia CEO Jason Kilar is among the invitees from the world of media, along with Diane Sawyer, Anderson Cooper and Van Jones and New York Times columnist Thomas Friedman. 

Former US Secretary of Transportation Elaine Chao and Council of Foreign Relations President Richard Haass are among the public officials on the invite list, Infowars reported.

Former New York City Mayor Mike Bloomberg arrived at the elite, long-running conference 

 CEO of Liberty Media and chairman of Live Nation Entertainment Greg Maffei (left) and Brian Kelly, chairman of Activision Blizzard Inc. arrive on Tuesday

David Zaslav, CEO of Discovery Communications spoke to reporters outside the Sun Valley conference Tuesday 

Jason Kilar CEO of WarnerMedia (left) and NBCUniversal CEO Jeff Shell arrived to start off the five-day conference as well

Comcast CEO Brian Roberts was one of many top media giants who showed up Tuesday for the first day of the networking event

Facebook Vice President of Partnerships Dan Rose can be seen arriving at the Sun Valley conference, which brings together many of the world's richest and most powerful figures 

Verizon CEO Hans Vestberg returns from a run at the annual conference

Former AOL CEO Tim Armstrong arrived Tuesday, the conference was on hiatus last year due to the coronavirus 

Disney CEO Bob Chapek (left) and Comcast CFO Mike Cavanagh arrived at the five-day conference, which runs from July 6 to 10

Adriana Cisneros, CEO of Grupo Cisneros, arrives with her husband Nick Griffin on Tuesday

Anthony Noto, CEO of SoFi, a personal finance company, arrives at the annual conference on Tuesday.

Marne Levine, vice president of global partnerships, business and corporate development at Facebook and Bret Taylor, COO of Salesforce appeared at the exclusive event

CEO of Aurora Chris Urmson arrives at the annual Sun Valley conference on Tuesday

Twitter CFO Ned Segal (left) and real estate developer Rob Speyer arrived Tuesday. Guests were chauffeured 15 miles through lush rolling hills to the lodge where the conference takes place

Michael Ovitz (left), an American businessman and former talent agent, and Chariman and CEO of Rakuten Mickey Mikitani arrive

CEO of Mattel Ynon Kreiz hugged NBC CEO Jeff Shell. The conference has at times led to industry shifting deals

Survey Monkey CEO Zander Lurie (left) and Dr. Frank Petito, a neurology specialist with Weill Cornell Medicine were among the dozens of elites from across a multitude of industries to descend on the lodge in Idaho Tuesday 

Actress Candice Bergen also appeared among a handful of celebrities at the event

Activision Blizzard CEO Robert Kotick (left) and Walmart CEO Doug McMillon were also in attendance

Chairman of Augusta National Golf Club Fred Ridley (center) arrives in Sun Valley, Idaho

Frank Sands Jr. (left) CEO of Sands Capital Ventures and Barry Diller, chairman of IAC were among the financial giants invited to the elite conference

MLB Commissioner Rob Manfred with his wife Colleen were among the major sports figures who appeared Tuesday

Former Washington Post Publisher Donald Graham with his wife and journalist Amanda Bennett arrived at the invite-only conference 

Former CIA Director David Patraeus (left) and former White House Office of national Drug Control Policy advisor Kevin Sabet arrived Tuesday as figures from the political world 

Journalist Andrew Ross Sorkin arrives at the conference on Tuesday. He is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box

Max Levchin, co-founder of Paypal was among a number of tech moguls in attendance

CEO of Centene Corporation Michael Neidorff arrived at Sun Valley, which is thrown by investment bank Allen & Company

Evan Greenberg CEO of Chubb Limited (left) and Fred Krupp, president of Environmental Defense Fund arrived in Idaho. A number of top business leaders meet to network at the annual event 

Investment banker Dan Luftkin (center) arrives at the Allen & Company conference on Tuesday

Alex Sacerdote of Whale Rock Capital Management (left) and former chairman and president of Duquesne Capital Stan Druckenmiller appeared at the five-day, invite only conference

Imagine Entertainment producer Brian Grazer with his wife and marketing executive Veronica Smiley made their way around Sun Valley 

Frank Slootman CEO of Snowflake (left) and Eric Lefkofsky, founder of Tempus and co-founder of Groupon were also in attendance as part of the conference's cadre of tech moguls 

Felicia Horowitz (left), wife of technology entrepreneur Ben Hortowitz and criminal justice reform advocate Alice Marie Johnson also arrived at the resort Tuesday 

Washington lobbyist Mike Berman of the Duberstein Group (left) and Chris McKown, executive chairman of Iora Health also appeared at the Idaho event. It is run by investment bank Allen & Company

Will Danoff vice president of Fidelity Contrafund arrives at the event and Bill Koenigsberg, president and CEO of Horizon Media Inc. Media and entertainment giants meet annually at the long-running conference 

Henry Kravis, co-founder of KKR & Co. Inc., an investment company, appeared to have made the trek to Sun Valley   

Canadian actor Justin Kelly (left) and Josh Witz principal of J3 Real Estate Advisors are among the of players in a wide variety of industries invited to the conference 

Bill McDermott, CEO of ServiceNow arrives on Tuesday for the annual conference

Ray Snead (left) and investment banker Dan Pozen (right) arrive at the Sun Valley conference

The annual invite-only conference is thrown by investment bank Allen & Company

Those attending investment bank Allen & Co.'s annual conference will need to have been vaccinated and show proof of a negative Covid-19 test. 

Over the holiday weekend, private jets belonging to business leaders began arriving at the local airport and taking up space on the tarmac at Friedman Memorial Airport in Hailey as they parked up for the week.

From there, guests were chauffeured through 15 miles of lush rolling hills to the lodge where the conference takes place.  

Rival chief executives including Amazon's Jeff Bezos along with his successor Andy Jassy, Comcast Corp.'s Brian Roberts are all said to be on the guest list.

Already Discovery's David Zaslav teased some potential business deals, saying that more might follow after the announcement in May of Discovery's $43billion merger deal with AT&T's entertainment arm, WarnerMedia.

'We're not done yet,' he told the New York Post as he entered the conference, saying he'll continue to search for more viable mergers once the deal is closed in eight months.  

'There’s a lot of assets out there that have good IP that will probably get new homes,' he said.  

Berkshire Hathaway CEO Warren Buffet will be there. So too will Microsoft co-founder Bill Gates founder Jeff Bezos is expected to attend this year's event at Sun Valley Lodge. He is pictured at the event in 2014

Bezo's successor and current CEO of Amazon Web Services Andy Jassy, pictured, is also expected to attend

John Nallen, chief financial officer and senior executive vice president of Twenty-First Century Fox will be there. He is pictured at the conference in 2017

Brian Roberts, chairman and chief executive officer of US cable giant Comcast, left, and Reed Hastings, Chief Executive Officer of Netflix are expected to be there

Robert Thomson, chief executive of News Corp, is also among this years' invitees together with former Ambassador to the United Nations Nikki Haley

A sign is seen at the entrance to the Sun Valley Resort ahead of the Allen & Company Sun Valley Conference

Workers continue to setup at the Sun Valley Resort ahead of the private Allen & Company Sun Valley Conference

The Sun Valley Lodge stands in Sun Valley, Idaho. The annual Allen & Co. conference gathers many of America's wealthiest and most powerful people in media, technology, and sports

Technicians setup inside the Sun Valley Pavilion ahead of the Allen & Company Sun Valley Conference

Berkshire Hathaway CEO Warren Buffet will be there, so too will Microsoft co-founder Bill Gates.

Breaking Bad creator Vince Gilligan and former United Nations Ambassador Nikki Haley are also expected to attend.

Robert Thomson, chief executive of News Corp, is also among the invitees, as is Fox Corp. Chief Operating Officer John Nallen. 

They will have a lot to discuss given the massive shift to streaming during the pandemic and consumers moving to Netflix and Disney+ over the last 16 months and cutting the cord from traditional pay-TV subscriptions.

In May, AT&T said it was spinning off WarnerMedia which is made up from HBO, the Warner Bros. film and TV studio along with the cable networks of TNT and TBS into a new venture being formed with Discovery.

Attendees in 2019 included Ron Meyer (left), then-Vice Chairman of NBCUniversal, and David M. Zaslav (right), CEO of Discovery

PayPal CEO Daniel Schulman (left) and McDonald's chief Steve Easterbrook (right) both attended in 2019

Apple CEO Tim Cook and the company's senior vice president of internet software Eddy Cue are seen at the event in 2018

The following week Amazon announced its intention to acquire MGM studios. 

Such consolidation within the media industry has reduced the number of potential targets available, but fresh deals are not off the table. 

The real action for many onlookers will happen in corridors, restaurants and golf courses rather than conference rooms. 

'It would be wise for these companies to collaborate and rethink the ecosystem, and figure out their future,' said analyst Neil Begley to the Wall Street Journal. 'There are still a few players out there that can be easily absorbed.'

Analysts believe the WarnerMedia and Discovery merger could be the first of many deals which are made as the traditional media companies look to compete better in streaming by bulking up on content. 

Rupert Murdoch's son, Lachlan Murdoch (right), who is the CEO of Fox Corporation and co-chairman of News Corp., and his wife Sarah Murdoch (left), went to the event in 2019

Former Disney head, Michael Eisner at the conference in 2019

Previous deals that have their roots at Sun Valley include the 1995 purchase of Capital Cities/ABC by Disney, Comcast's acquisition of NBCUniversal in 2009, the purchase of AOL by Verizon in 2015, and Jeff Bezos' purchase of The Washington Post in 2013. 

Attendees at the last conference  2019 included Facebook bosses Mark Zuckerberg and Sheryl Sandberg;  Disney's Bob Iger; 23andMe CEO Anne Wojcicki; Rupert Murdoch's son, Lachlan Murdoch, who is the CEO of Fox Corporation; PayPal CEO Dan Schulman; Instagram COO Marne Levine; McDonald's chief Steve Easterbrook and billionaire media executive Shari Redstone. 

The conference began in 1982, and in its early days founder Herbert Allen - who co-founded Allen & Company with brother Charles - had to beg invitees to come. 

The Sun Valley Resort is seen ahead of the Allen & Company Sun Valley Conference After a year hiatus due to the CVOID-19 pandemic the world's most wealthy and powerful businesspeople from the media, finance, and technology will converge at the Sun Valley Resort for the exclusive week-long conference

A sign is seen on the Sun Valley Inn ahead of the Allen & Company Sun Valley Conference

Read Entire Article