Endeavor
Endeavor Puts OpenBet and IMG Arena Up For Sale as Silver Lake Takeover Draws Closer
As Endeavor’s take-private deal with Silver lake draws closer, big changes are already coming to the Ari Emanuel-led firm. In its Q2 earnings report Thursday morning, Endeavor said that it has put the businesses in its “sports data & technology segment up for sale: OpenBet and IMG Arena. Endeavor says it has begin to “actively […]
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Media Deal Activity Is “Constrained,” and the Presidential Election Is One Reason
Deal activity in the media and telecommunications sector in the first four months of 2024 remained “constrained by the prolonged impact of higher interest rates and uncertain regulatory dynamics,” top accounting and consulting services firm PricewaterhouseCoopers said in a Thursday report. Announced deal values for the period January to April “rebounded slightly” from the comparative […]
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Ari Emanuel Accepts Simon Wiesenthal Center Honor, Slams Netanyahu Amid Walkouts and Boos
“This is a painful and crucial moment for all of us who are Jews and who love Israel, and it’s not a time to stay silent,” declared Ari Emanuel, the CEO of sports and entertainment company Endeavor and one of Hollywood’s most outspoken voices in the fight against antisemitism, in a fiery speech as he […]
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As It Cruises Toward Take-Private Deal, Endeavor Cites Fewer Events for Losses
As it cruises toward its $13 billion deal to go private with Silver Lake, Endeavor reported first-quarter earnings Thursday. The company reported total revenue of $1.85 billion, and a net loss of $303.5 million, with adjusted EBITDA of $374.1 million. Total revenue was way up compared to last year, thanks to sports entertainment powerhouse WWE […]
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Ari Emanuel’s Endeavor Pay Hits Nearly $84M in 2023
Endeavor chief Ari Emanuel received a roughly $84 million pay package last year — between his base salary, bonus, stock awards and other compensation — the company disclosed in its proxy filing on Thursday. President Mark Shapiro received $38.8 million, by those same measures, in 2023, while executive chairman Patrick Whitesell saw $13.2 million in […]
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Vince McMahon to Sell $311M in TKO Stock to the Company and Endeavor
At Wrestlemania 40 this past weekend, WWE chief content officer Paul “Triple H” Levesque took to the stage at Lincoln Financial Field in Philadelphia and opened the events by declaring it a “new era” for the company. It was the first Wrestlemania to be held under the ownership of TKO Group Holdings, formed when Endeavor […]
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Patrick Whitesell to Launch Media Company With $250M From Silver Lake
Silver Lake, the private equity firm that is planning to take WME owner Endeavor private, is also aiming to get further into business with Endeavor executive chairman Patrick Whitesell. According to Whitesell’s new employment agreement, which was filed with the Securities and Exchange Commission in conjunction with the take-private, Silver Lake is committing $250 million […]
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Endeavor to Be Taken Private Three Years After IPO
After three years as a publicly traded company, the Ari Emanuel-led Endeavor is going private. The Beverly Hills-based sports and entertainment giant — the owner of talent agencies WME and IMG as well as assets like the PBR bull riding organization, betting data firm OpenBet, marketing agency 160over90 and hospitality firm On Location — will […]
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Endeavor Earnings: Representation Business Grew Despite Strikes, Strategic Review Ongoing
Despite the SAG-AFTRA strike dragging on well into the fourth quarter (not to mention the Writers Guild strike ending just as the quarter began), Endeavor’s representation business (including WME) saw earnings growth in its fourth-quarter thanks to the agency’s music, sports and fashion representation segments. Endeavor disclosed its latest earnings results Wednesday morning, reporting revenue […]
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TKO Reports $614M in Quarterly Revenue As It Targets Growth on New Media Rights
In the first full quarter to incorporate WWE earnings since its formation, TKO Group Holdings reported revenue of $614 million and adjusted EBITDA of $223.2 million, laying a roadmap for growth in 2024 and beyond as the company seeks to capitalize on its media rights renewals, as well as live events and sponsorship growth. TKO […]
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Gary Tyler, Artist Wrongfully Imprisoned for 41 Years, Awarded 2024 Frieze L.A. Impact Prize (Exclusive)
Los Angeles-based artist Gary Tyler has been awarded the 2024 Frieze Los Angeles Impact Prize. The award — which was launched with Endeavor Impact and is presented in partnership this year with The Center for Art and Advocacy — will grant Tyler a solo project at the upcoming Frieze Los Angeles art fair and a […]
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Endeavor Beats Idea Theft Lawsuit Over IPO Marketing
Endeavor won’t have to face a lawsuit from a consultant, who accused the company of stealing marketing materials from him that allegedly salvaged its $10.3 billion initial public offering. In a ruling, unsealed on Friday, Los Angeles Superior Court Judge Gregory Keosian found that David Carde didn’t have an implied contract with Endeavor when he […]
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