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World Wrestling Entertainment and Endeavor's UFC announced last month they would merge later this year. The new operation will be called TKO Group Holdings, a spokesperson for Endeavor confirmed Tuesday. Emanuel has said he intends to run "the same playbook" with WWE that Endeavor did with UFC, whose revenue surged 20% from 2021 to 2022. UFC and WWE will retain their respective names as part of TKO Group. "This is going to be UFC 2.0," Emanuel said in an interview that aired last month on CNBC's "Squawk on the Street."

☆ Watch CNBC's full interview with Endeavor CEO Ari Emanuel on Q1 results
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Endeavor CEO Ari Emanuel on Q1 resultsEndeavor CEO Ari Emanuel joins 'Squawk on the Street' to discuss the company's quarterly earnings results, stock buyback plan, the acquisition of WWE & sale of IMG Academy, and more.

☆ Endeavor CEO Ari Emanuel on Q1 earnings and WWE acquisition
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEndeavor CEO Ari Emanuel on Q1 earnings and WWE acquisitionEndeavor CEO Ari Emanuel joins 'Squawk on the Street' to discuss the company's quarterly earnings results, stock buyback plan, the acquisition of WWE & sale of IMG Academy, and more.

☆ TechCheck Weekly #5: Sports Rights Sleeper Hold
▼ + stars: | 2023-04-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTechCheck Weekly #5: Sports Rights Sleeper HoldAri Emanuel & Vince McMahon. Apple & Major League Soccer? A whole lot of investors, owners, CEOs and companies are betting that the value of televised sports is going up. It's in limited supply. What Endeavor's deal to pull WWE & UFC together tells us about media valuations and where things are headed for the tech companies trying to get involved.

Talent agency Endeavor (EDR.N), which owns the mixed martial arts business, will tag-team with Vince McMahon’s WWE in deal valued at some $21 billion. The merger unveiled on Monday creates a new publicly traded company 51% owned by Endeavor and 49% by WWE shareholders. On paper, the WWE enterprise gets the sweeter valuation, at around 24 times last year’s EBITDA, whereas UFC is pegged at 19 times. Instead, in the grand tradition of wrestling, McMahon and Endeavor boss Ari Emanuel are trying to appeal to shareholders with a more unconventional thriller. Under terms of the deal, WWE is being valued on the basis of $106 per share, implying an enterprise valuation of $9.3 billion, according to the companies.

Shares of WWE fell in premarket trading, while Endeavor shares rose. Ari Emanuel will act as chief executive of both Endeavor and the new company, the companies said. McMahon, likewise, will be executive chairman, while Endeavor President and COO Mark Shapiro will also work in the same roles at the new company. Dana White will remain as president of UFC, and WWE CEO Nick Khan will stay on as president of the wrestling business. Stefanie Keenan | Getty Images Entertainment | Getty ImagesThe announcement confirmed an earlier CNBC report.

☆ Watch Scott Wapner's full interview with Endeavor CEO Ari Emanuel and WWE's Vince McMahon
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Scott Wapner's full interview with Endeavor CEO Ari Emanuel and WWE's Vince McMahonEndeavor CEO Ari Emanuel and WWE Executive Chairman Vince McMahon joined CNBC's Scott Wapner for an exclusive interview on the deal between UFC and WWE.

☆ UFC merger beefs up WWE's leverage in media rights negotiations
▼ + stars: | 2023-04-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Networks and streaming services need to get ready for a media rights smackdown. UFC should also benefit ahead of 2025, when its U.S. media rights deals come up, including with Disney's ESPN. "I think everything is up for grabs with these media rights deals. During his time with CAA, he had formed a relationship with McMahon during a recent round of TV rights negotiations for WWE. It will also work for UFC negotiations, he noted.

☆ Endeavor-UFC deal is the next evolution of WWE, says Vince McMahon
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEndeavor-UFC deal is the next evolution of WWE, says Vince McMahonVince McMahon, WWE co-founder and executive chairman, and Ari Emanuel, CEO of Endeavor, join 'Halftime' to discuss the latest merger between WWE and Endeavor.

☆ Jim Cramer's top 10 things to watch in the stock market Monday: OPEC+ surprise, Macy's lift, Tesla miss
▼ + stars: | 2023-04-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

How are we approaching the market week ahead? I also explained that we are indeed in a bull market, but that things could get a bit rocky from here. Analyst Matthew Boss also increased his price target by a buck to $29, citing favorable risk-to-reward setup at current stock price. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

April 3 (Reuters) - World Wrestling Entertainment Inc (WWE.N) will combine with Endeavor Group-owned (EDR.N) mixed martial arts franchise UFC to form a new, publicly listed entertainment giant valued at about $21 billion, the companies said on Monday. Hollywood power broker and Endeavor CEO Ari Emanuel will take the helm at the merged entity. In January, WWE said it would explore strategic options that could include a sale, shortly after long-time CEO McMahon's return to the company. McMahon had retired in July last year as the company's CEO and chair, following an investigation into his alleged misconduct. Co-CEO Stephanie McMahon, who single-handedly managed the mantle when her father exited, resigned a week after he returned in January.

Endeavor and WWE did not immediately respond to requests for comment on Sunday. The deal could be announced as early as this week, the sources said. Endeavor shareholders will own 51% of the combined company, while WWE shareholders would get 49%, the sources said. Endeavor is led by Hollywood power broker Ari Emanuel, who earlier this month declined to answer questions about a possible deal. In January, WWE said it would explore strategic options that could include a sale, shortly after Vince McMahon's return to the company.

☆ WWE near deal to be sold to UFC parent Endeavor, sources say
▼ + stars: | 2023-04-02 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Vince McMahon's World Wrestling Entertainment is in advanced talks to be sold to Ari Emanuel's Endeavor Group , the parent company of UFC, according to people familiar with the matter. McMahon, likewise, is expected to be executive chairman, while Endeavor President Mark Shapiro will also work in the same role at the new company. Dana White will remain as president of UFC, while WWE CEO Nick Khan will serve as president of the wrestling business. Paul Levesque, who's both Stephanie McMahon's husband and the wrestler known as Triple H, took over creative duties from Vince McMahon. When Vince McMahon came back in January, Stephanie McMahon stepped down and Khan fully assumed the CEO role.

☆ Miramax launched a film development team to resurrect its blockbuster-rich heyday. But a string of key departures has hobbled the vision and frustrated some Hollywood creatives.
▼ + stars: | 2023-03-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

Miramax built out a film development team early in the pandemic to bring in new projects and filmmakers. "He's the perfect leader to take the Miramax film team into this next chapter." Hammer's credits as a production executive include "Last Vegas" and "Inside Llewyn Davis." The first source said the film development team had worked to turn the company's reputation around by emphasizing relationships with respected filmmakers. But this person and an independent producer familiar with the Hollywood landscape, agreed that Miramax is no longer a top player in film development.

☆ Inside the demise of Vice, from turning away a $3.5 billion Disney offer to a 'painful' downward spiral that has the media giant scrambling for a buyer
▼ + stars: | 2023-03-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +19 min

The talks fizzled, Disney backed off, and Smith set off for California to drum up other interest in Vice Media. Vice Media Group co-CEOs Bruce Dixon, left, and Hozefa Lokhandwala. Vice Media GroupOne former Vice insider familiar with the current situation told Insider that staffers were warning vendors they needed to threaten to stop work in order to get paid. Just a few months later, Rupert Murdoch tweeted, "Who's heard of Vice Media? Refinery29 quickly lost key staff and was not well integrated into Vice Media, the two former staffers said.

☆ Elon Musk has been in several TV shows and movies over the years. See his 11 cameos from 'South Park' to 'Rick and Morty'
▼ + stars: | 2023-01-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk has become a media personality in his own right, from his viral tweets to appearances on a slew of TV shows and movies. Elon Musk has been featured in several TV shows and movies over the years. Musk is close friends with Endeavor CEO Ari Emanuel, one of Hollywood's most powerful agents and the inspiration for the character of Ari Gold on HBO's "Entourage." The billionaire is also reportedly friends with comedian Nathan Fielder and the creators of "Rick and Morty," to name a few of his Hollywood connections. Sources: The New York Times, The Wall Street Journal, Insider

☆ Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it
▼ + stars: | 2023-01-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. But it remains unclear what type of role, if any, McMahon would want at WWE if he sold the company. WWE has a market capitalization of more than $6 billion after rising nearly 17% percent on Friday, buoyed by heightened sale speculation. McMahon's company already has an exclusive streaming deal with Comcast's streaming service, Peacock, and a cable TV deal with NBCUniversal's USA Network. Fox sold off most of its entertainment assets in its $71 billion sale to Disney in 2019, but WWE fits with the smaller company's sports and live events focus.

☆ Endeavor shares fall after video shows UFC boss Dana White hitting wife on New Year's Eve
▼ + stars: | 2023-01-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Dana White appears at the UFC 282 post-fight press conference on December 10, 2022, at the T-Mobile Arena in Las Vegas, NV. Media and entertainment company Endeavor saw its shares fall on Tuesday after a video showing Dana White, the president of its Ultimate Fighting Championship business, slapping his wife. Endeavor shares were down more than 7% on Tuesday afternoon. In the video, it appears the two are arguing before Anne White slaps Dana White. Anne White also issued a separate statement to TMZ, calling it isolated incident.

☆ David Zaslav's top priority at Warner Bros. Discovery: Get the cash flowing again
▼ + stars: | 2022-12-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

Warner Bros. Warner Bros. Discovery will generate more than $3 billion in free cash flow this year, about $4 billion next year and close to $6 billion in free cash flow in 2024, according to company forecasts. Warner Bros. The one certainty is Zaslav's decision will be squarely based on how a deal affects the company's free cash flow.

☆ There's no chance spending on content will decline, says Endeavor CEO Ari Emanuel
▼ + stars: | 2022-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no chance spending on content will decline, says Endeavor CEO Ari EmanuelAri Emanuel, CEO of Endeavor, joins CNBC's 'Squawk Box' to discuss his expectations for the future of streaming and content creation.

☆ Watch CNBC's full interview with Endeavor CEO Ari Emanuel on streaming and content creation
▼ + stars: | 2022-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Endeavor CEO Ari Emanuel on streaming and content creationAri Emanuel, CEO of Endeavor, joins CNBC's 'Squawk Box' to discuss his expectations for the future of streaming and content creation. "People are coming to these services for new content. Across the board, everyone is spending," Emanuel tells CNBC regarding the streaming business.

☆ Kyrie Irving, Brooklyn Nets each to donate $500,000 to anti-hate organizations; NBA star takes ‘responsibility’ for negative impact of tweets
▼ + stars: | 2022-11-03 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Kyrie Irving and the Brooklyn Nets announced on Wednesday that they will both donate $500,000 towards anti-hate organizations after the point guard tweeted a documentary deemed to be antisemitic last week. “I oppose all forms of hatred and oppression and stand strong with communities that are marginalized and impacted every day,” Irving said. “I am aware of the negative impact of my post towards the Jewish community and I take responsibility. “With this partnership, ADL will work with the Nets and Kyrie to open dialogue and increase understanding. Irving talks with now-former head coach Steve Nash during a game against the San Antonio Spurs on Friday, January 21, 2022.

☆ Kanye West says he lost $2 billion in one day after Adidas, Balenciaga, and Gap severed ties with the rapper over his offensive behavior
▼ + stars: | 2022-10-27 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Kanye West said he lost $2 billion in one day after companies cut ties with him. West's Adidas deal was valued at $1.5 billion but the firm scrapped it after his offensive remarks. "I lost 2 billion dollars in one day and I'm still alive," Ye wrote in the post. Before being dropped by Adidas and other companies, Ye had a net worth of around $2 billion, according to Forbes. When Forbes published its billionaires list with Ye valued at $2 billion, he told Forbes the publication had undervalued him.

☆ On Instagram, Kanye West jokes about being dropped by companies
▼ + stars: | 2022-10-27 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —If Kanye West is worried about the multiple businesses that have ended relationships with him following his antisemitic comments, he’s not acting like it. The controversial artist and entrepreneur on Thursday posted a meme on his verified Instagram account that featured the headline, “Ye has reportedly cut ties with Kanye West.”“Had to cut ties bro,” he wrote in the caption. He also posted a note, captioned “Love speech,” to Endeavor Chief Executive Officer Ari Emanuel. “This is love speech. Earlier this month, West’s Instagram account was restricted and some content was deleted for violating the company’s policies.

☆ Spotify criticizes Ye's comments, keeps his music
▼ + stars: | 2022-10-26 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - As corporations around the world including Adidas AG (ADSGn.DE) cut ties with Kanye West, music streaming service Spotify Technology SA(SPOT.N) said it would not remove the rapper's music unless his label requested it. Music from the artist now known as Ye did not violate anti-hate policies, Spotify chief Daniel Ek told Reuters. The music also can be found on Apple Music and YouTube Music. Since the remarks, Ye has lost high profile and lucrative partnerships. If Ye's label asks for the rapper's catalog to be removed, Ek said, "Obviously we'll respect their wishes."

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