Endeavor
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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Endeavor Invests In Chess Website As WME Aims to Build Business
WME has signed Chess.com, which bills itself as the world’s largest online platform for the game. As part of the signing, the entertainment agency will work with Chess.com to expand the popularity of chess across digital media, fashion, film, food, music, sports, television and theater. The goal is to develop non-scripted content, including documentaries, build “celebrity-centric […]
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Vince McMahon to Sell $700M in TKO Stock, Ari Emanuel Expected to Buy Portion
WWE founder Vince McMahon is selling a big chunk of his holdings in TKO Group, the Endeavor-controlled owner of the wrestling giant. According to a securities filing Thursday, McMahon plans to sell 8.4 million shares in TKO, with a street value of just over $700 million as of market close. That is nearly 25 percent […]
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Endeavor Beats on Revenue, Despite WME Hit From Hollywood Strikes
In a pivotal quarter for Endeavor, with its TKO spin-out complete, and with the legacy company now pursuing strategic options for its businesses, the company reported mixed results, with a strong performance from its sports businesses, but with the Hollywood strikes taking its toll on its core WME representation business. Endeavor reported revenue of $1.34 […]
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