Comcast Corp. and Harris Blitzer Sports & Entertainment agreed to a 50-50 joint venture to build the NBA’s Philadelphia 76ers and hockey’s Flyers a new arena in the South Philadelphia Sports Complex.

What you should knowThe 76ers are going to remain in South Philly after abandoning their plan to build a new arena in Center City. Instead, the Sixers and Comcast Spectacor, which owns the Flyers and Wells Fargo Center,

Comcast (NASDAQ:CMCSA) has taken a minority stake in the Philadelphia 76ers basketball team, according to a press release from Monday. The media and cable giant has signed a 50/50 joint venture with Harris Blitzer Sports & Entertainment (HBSE) to build a new arena in the South Philadelphia Sports Complex for the NBA team and for the Philadelphia

Corporations have pledged millions in donations to Los Angeles fire relief efforts. Media companies, sports teams and actors are among those donating to funds. The donations come as the fires continue to burn.

They each pledged to direct funds to various nonprofits helping first responders and those impacted in Los Angeles County.

Comcast said it will donate $10 million in cash to support Los Angeles area wildfire disaster relief and recovery efforts. On Monday, Comcast and its NBCUniversal subsidiary said they will provide $2.