While a lot of teenagers are spending their time doing homework, talking on the phone, hanging with their friends at the mall or making their latest Snapchat video, one 15-year-old has just inked a lucrative licensing deal with the NBA that could very well lead to his earning seven figures or more.
Moziah “Mo” Bridges is a young entrepreneur from Memphis, Tenn., and his company, Mo’s Bows, manufactures handmade bows and neckties. Forbes repoorts that the NBA initiated a licensing partnership with Bridges, granting him the rights to manufacture his products with NBA logos and distribute them through the company’s online store as well as retail outlets.
“Moziah’s creativity and entrepreneurial spirit are an inspiration, and we are thrilled about the launch of the Mo’s Bows NBA Collection,” Lisa Piken Koper, NBA vice president of global partnerships, told Forbes. “We are always looking for ways to diversify our merchandise offerings and cater to our fashionable fan base, and couldn’t be more excited that fans will have a fun and unique way to show support for their favorite NBA teams.”
According to Forbes, Moziah signed a deal worth seven figures with a league that is on track to make $6 billion in revenue this year—and that is all thanks to a little bit of hustle.
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source: Business Insider