GoFundMe Three social media stars died in a waterfall accident Tuesday at Shannon Falls near Squamish, British Columbia. Ryker Gamble, Alexey Lyakh and Megan Scraper starred in a series of travel videos on the YouTube channel High On Life, which has over half a million subscribers. Scraper, who was Lyakh's girlfriend, slipped and fell from the top of the falls into the water below, according to the CBC. Lyakh and Gamble reportedly jumped in after her in an attempt to save her, but no one survived. Local police declined to confirm their names, at the request of the deceased's families. The bloggers were all in their 20s and 30s, according to The Telegraph. The High on Life team uploaded a video Friday to commemorate Gamble, Lyakh and Scraper, and to encourage people to share inspirational messages using the hashtag #HOLInspired. "I followed them closely on social media platforms," one fan posted on Instagram. "They were such an inspiration and inspired me to start Instagram. No doubt they have inspired millions of viewers who watch their content to do the same." One blogger tweeted a picture of when she met the High on Life team. "Thinking of your team today," she wrote. This showed up in my FB memories for today! Meeting the High on Life team in Europe was non-stop entertainment. I still laugh thinking about the push-ups in McDonald’s. Thinking of your team today. ❤️ #HOLinspired pic.twitter.com/sCjCqBflE4 — Candice Walsh (@candicewalsh) July 6, 2018 Gamble's girlfriend, Alissa Hassan, also posted a tribute on Instagram. "May we all send prayers to their souls as they transition," she wrote. The High on Life team set up a memorial fund on GoFundMe campaign. At the time of publication, it had raised nearly $4,000 of its $50,000 goal. The group had received backlash in the past, after they were accused of going off a boardwalk at Yellowstone National Park to film next to the Grand Prismatic Spring. Lyakh and Gamble were reportedly sentenced to seven days in jail and banned from accessing US public lands for five years.<doc-sep>Bloomberg (Bloomberg) -- Hedge funds often measure their investments in minutes, not decades; but for Anchorage Capital Group, its long-held stake in Metro-Goldwyn-Mayer Studios Inc. is proving that patience can also be profitable.The New York-based money manager stands to make roughly $2 billion on its investment in the film and TV producer, one that began almost 11 years ago with MGM in bankruptcy court. Amazon.com Inc. agreed to buy the company for $8.45 billion Wednesday, a price that includes just under $2 billion in debt.The deal is in many ways a vindication for Kevin Ulrich, the former Goldman Sachs Group Inc. trader who co-founded Anchorage in 2003 and was part of a group of distressed debt investors that took control of MGM as it went through the restructuring process. In recent years the stake looked to be an albatross for the fund, one that came with significant drama in its own right.Ulrich brought in and later fired a high-profile chief executive officer, resisted efforts by activist investor Carl Icahn to take control, and held out for a bigger payday after years of considering various exit strategies. By selling now, as demand for media content from entertainment and technology companies alike is booming, he’s proving his long-held faith in the investment was justified.“There was a lot of maneuvering, a lot of financial engineering,” said Steven Azarbad, chief investment officer at New York’s Maglan Capital, an MGM investor who sold his shares four years ago. “But they’ve done great.”A representative for Anchorage declined to comment.When Ulrich first invested in MGM, he was new to Hollywood. He helped pick Gary Barber, a South African-born producer of films such as “Ace Ventura: Pet Detective” as chief executive officer of the storied but debt-laden studio. Barber brought to the table a shrewd business sense, and connections into a world Ulrich long admired from afar.Barber shepherded MGM’s development of “The Hobbit” franchise, a co-production with Warner Bros., that became a global smash hit. He helmed the release of the James Bond film, “Skyfall,” which generated over $1 billion at the box office, and he revived the studio’s work in television. Barber also brokered a deal to bring on TV super producer Mark Burnett, which gave MGM access to reality show hits like “Survivor” and “The Apprentice,” but would ultimately become personally troublesome.In 2012 the company bought back Icahn’s stock for $590 million. It also filed paperwork for a possible public offering of shares, and considered other options, such as a sale.As Barber boosted MGM’s film and TV pipeline, Ulrich was increasingly entranced by the allure of Hollywood. He became a regular at movie premieres in Los Angeles and New York, and frequented industry parties in the Hamptons and elsewhere. He became active in creative decisions after becoming chair of MGM’s board -- somewhat unusual for a non-executive lacking Hollywood experience -- even getting involved with business granularities like casting.Growing RiftBut over the following years a rift began to open up between Barber and Ulrich. When it was time to renew Barber’s contract in 2017, Ulrich conducted an extensive search for a new CEO. When it ended, he ultimately chose to sign Barber to a new five-year deal. Yet around the same time, the pair split on whether to sell the company, with Ulrich wanting to hang on to the studio and Barber saying it was time to find a buyer.The company would hold buyout talks with Apple Inc. as well as Chinese investors that would ultimately prove fruitless.Only months after renewing Barber’s deal, Ulrich fired him. The shock departure meant the company had to pay Barber for five years of salary and buy out his equity, a package totaling $260 million. In the three years since Barber left, Ulrich hasn’t replaced him, instead operating an “office of the chief executive officer,” comprised of various people that each have their personal vision for MGM.Barber declined to comment via his spokesperson.Bounce BackAfter the initial period of success following the restructuring, the gains became harder to come by, as they did in Anchorage’s overall credit-focused business. Two senior managers left the firm in January 2020, and another in November. Anchorage’s flagship strategy, with about $8.5 billion under management, returned just 0.6% in 2018, 1.5% in 2019 and 4.4% in 2020, according to people familiar with the matter.In December, MGM hired investment bankers for a potential sale.MGM only released one film in theaters in 2020. Its biggest potential hit, the latest Bond film, “No Time to Die,” was pushed from last year to this October as a result of the pandemic.Yet the value of MGM’s library rose as everyone from media companies to technology giants have sought to build video streaming platforms that can compete with industry leader Netflix Inc. Earnings jumped 48% last year, to about $307 million, even as sales declined.Anchorage holds a roughly 30% stake in MGM, worth about $2.5 billion in the sale, said people with knowledge of the matter. Anchorage invested around $500 million in the company more than a decade ago. Including the MGM stake, Anchorage’s flagship fund is up 18% this year, the people added. The fund has gained about 8% in 2021 not counting the studio.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.<doc-sep>Three travel YouTubers died on Tuesday in what appears to be a waterfall swim gone wrong. Ryker Gamble, Alexey Lyakh and Megan Scraper, three vloggers from the High On Life YouTube travel channel, died in an accident at Canada’s Shannon Falls, according to the Hollywood Reporter. Gamble and Lyakh, both 30, were apparently trying to rescue Scraper, 29, who had slipped and was drawn into fast-moving water. It’s not clear whether the trio was filming at the time of the accident. The Royal Canadian Mounted Police confirmed Thursday that three people were swimming in one of the pools at the top of Shannon Falls when they slipped and fell into a pool about 100 feet below. Police confirmed that three bodies were recovered from Shannon Falls, but did not release victims’ identities. Authorities did not immediately respond to TIME’s request for comment. On Friday, however, High On Life posted a tearful tribute video that identified the vloggers by name. “There are truly no words that can be said to ease the pain and the devastation that we are all going through right now,” High On Life co-founder Parker Heuser said in the video. “They were three of the warmest, kindest, most driven and outgoing people that you could ever meet, and the world has lost a great deal of light with their passing.” Members of the channel also set up a GoFundMe page to raise money for the victims’ families, which has so far collected about $7,500. High On Life is also asking viewers to submit memories and stories about how Gamble, Lyakh and Scraper inspired fellow travelers. “If there’s something you’ve been dreaming of, today is a good day to take that first step, because if you can, you should,” the GoFundMe description reads. Get The Brief. Sign up to receive the top stories you need to know right now. Please enter a valid email address. * The request timed out and you did not successfully sign up. Please attempt to sign up again. Sign Up Now An unexpected error has occurred with your sign up. Please try again later. Check the box if you do not wish to receive promotional offers via email from TIME. You can unsubscribe at any time. By signing up you are agreeing to our Terms of Service and Privacy Policy . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Thank you! For your security, we've sent a confirmation email to the address you entered. Click the link to confirm your subscription and begin receiving our newsletters. If you don't get the confirmation within 10 minutes, please check your spam folder. Write to Jamie Ducharme at jamie.ducharme@time.com.<doc-sep>
YouTube water plunge: The YouTubers fell from a waterfall in Shannon Falls Provincial Park Three YouTubers have fallen to their deaths at a waterfall in Canada. Ryder Gamble, Alexey Lyakh and Megan Scraper were swimming in a pool system at the top of Shannon Falls in British Columbia when they slipped and fell nearly 30m (98ft) into a pool below. The three hikers were part of the Youtube channel “High on aLife Sunday Fundayz” - a group of Vancouver-based travel bloggers aged in their 20s to 30s. The group said: “They were three of the warmest, kindest and most driven and outgoing people you could ever meet and the world has lost a great deal of light from the passing of our friends. “They lived every single day to its fullest, they stood for positivity, courage, living the best life you can, and they shared and taught their values to millions or people worldwide.” The accident happened on Tuesday, July 3 at Shannon Falls in BC and their bodies were found along with an underwater camera. Shannon Falls is the third tallest waterfall in BC at nearly 1,100 feet. Members of the group, who have 1.1 million followers on Instagram and more than 500,000 Youtube subscribers, named the three on a memorial fund page set up for the families of the victims. The group said on the page: “There are truly no words that can be said to ease the pain and the devastation that their families are all going through right now. “We would also like to encourage to share this Memorial Fund with friends and family as well to provide as much support and love to the ones most affected by this tragic loss.” According to the Vancouver Sun, the three YouTubers were swimming in one of the pools at the top of the waterfall when they slipped and fell into a pool below. Reportedly, Scraper slipped and fell and and Gamble and Lyakh attempted to save her, but all three were swept away in the currents. YouTube water plunge: The YouTubers fell from Shannon Falls Provincial Park Lyakh and Gamble started High on Life with another childhood friend, Justis Price Brown and documented their travels online. Their Facebook page says: “High on Life is the attitude to embrace all of life’s opportunities with a positive outlook and energy.” Ryder and Lyakh were recently charged with misdemeanours during their trip to Yellowstone National Park. They, along with group member Justis Price Brown, were banned from US federal land for five years after pleasing guilty to walking on a hot spring at the national park.