Endeavor and WWE have announced the close of their previously announced agreement, valued at $9.3 billion (€8.7bn), and the launch of TKO Group Holdings. TKO brings together UFC, the mixed martial arts organisation, and WWE, an integrated media organisation and a global leader in sports entertainment, to create a new sports and entertainment company serving […]
Endeavor Group Holdings and World Wrestling Entertainment (WWE) have announced that they expect to close the previously announced transaction to form TKO Group Holdings on September 12th, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol TKO. Endeavor Group – which already owns UFC – and WWE […]
World Rugby, the governing body of Rugby Union, has partnered with Endeavor Streaming to expand its international media distribution with the launch of a free-to-air, global streaming service. The OTT platform, branded RugbyPass TV, marks the first time the federation has introduced its own, standalone service to stream its international competitions live to fans around […]
WWE has reported Q2 revenue of $410.3 million (€375.5m), an increase of 25 per cent and a quarterly record; Operating income was $87.3 million, an increase of 26 per cent; and Adjusted OIBDA was $140.7 million, an increase of 54 per cent and a quarterly record. US viewership for WWE’s weekly flagship shows, SmackDown and […]
The European League of Football (ELF) has partnered with Endeavor Streaming to develop its media distribution and OTT strategy, and enhance its streaming service, Game Pass. The partnership will also see Endeavor Streaming deliver additional growth services to the American football league, including marketplace strategy, product strategy and end-to-end technical deployment to help ELF grow […]
WWE has reported that Q1 2023 revenue decreased 11 per cent to $297.6 million (€269.3m), attributed primarily to a shift in the timing of the staging of a large-scale international event, which occurred in Q1 2022 but is next scheduled to occur in the Q2 2023 WWE premium live events in the quarter (Royal Rumble […]
SailGP has announced a multi-year renewal agreement with IMG, a specialist in sports, events and media, to continue as the racing league’s global agency of record and drive the future growth of the property. IMG will focus on expanding SailGP’s global media rights distribution – working alongside SailGP’s in-house team – and developing new commercial partnerships […]
Endeavor Group, the owner of UFC, and World Wrestling Entertainment (WWE) are to form a new publicly listed company consisting of the two global sports and entertainment brands. Upon closing , Endeavor will hold a 51 per cent controlling interest in the new company, at a cost of $9.3 billion (€8.5bn). Existing WWE shareholders will […]