Ari Emanuel tonight left no ambiguity of what he thinks about Benjamin Netanyahu.
Speaking at the Simon Wiesenthal Center’s National Tribute Gala, where he was awarded its Humanitarian Prize, the Endeavor CEO blasted the Israeli prime minister, saying, “The time for Bibi Netanyahu to go has come.”
“This is a painful and crucial moment for all of us who are Jews. It is not a time to stay silent,” Emanuel said to the packed Beverly Wilshire ballroom. Among the high-powered audience at the Beverly Hills hotel on Wednesday were Larry David, Amazon Prime Video boss Jennifer Salke and spouse Bert Salke, Jeffery and Marilyn Katzenberg, powerhouse attorney Patty Glaser and husband Sam, WME co-chairs Christian Muirhead and Richard Weitz, and producer Brian Grazer. As well, a number of Holocaust survivors and those who lived through the fatal terror of Hamas’ October 7 attack on Israeli border towns and army bases.
Speaking at the Simon Wiesenthal Center’s National Tribute Gala, where he was awarded its Humanitarian Prize, the Endeavor CEO blasted the Israeli prime minister, saying, “The time for Bibi Netanyahu to go has come.”
“This is a painful and crucial moment for all of us who are Jews. It is not a time to stay silent,” Emanuel said to the packed Beverly Wilshire ballroom. Among the high-powered audience at the Beverly Hills hotel on Wednesday were Larry David, Amazon Prime Video boss Jennifer Salke and spouse Bert Salke, Jeffery and Marilyn Katzenberg, powerhouse attorney Patty Glaser and husband Sam, WME co-chairs Christian Muirhead and Richard Weitz, and producer Brian Grazer. As well, a number of Holocaust survivors and those who lived through the fatal terror of Hamas’ October 7 attack on Israeli border towns and army bases.
- 5/23/2024
- by Dominic Patten
- Deadline Film + TV
“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 accepted the Simon Wiesenthal Center’s highest honor, the Humanitarian Award, at the organization’s National Tribute Gala fundraiser Wednesday evening. Emanuel, who is Jewish, then went on to slam, at length, Israeli Prime Minister Benjamin Netanyahu for his handling of the Israel-Gaza war. Many attendees applauded, but dozens of others stormed out of the room in fury, and others still booed, as Emanuel opined: “For the good of Israel, he should go.”
Emanuel stated unequivocally that Hamas’ attacks of Oct. 7 sparked the war, and that Israel was well within its rights to...
Emanuel stated unequivocally that Hamas’ attacks of Oct. 7 sparked the war, and that Israel was well within its rights to...
- 5/23/2024
- by Scott Feinberg
- The Hollywood Reporter - Movie News
Whatever fate befalls Paramount Global after the smoke clears, one of the Hollywood Trivial Pursuit questions someday will be which heavy hitters have issued statements of support for Skydance’s proposed acquisition of Paramount’s holding company, National Amusements Inc. — and which didn’t.
Even as the Paramount special committee passed on the offer from David Ellison’s company May 4, sources say the Skydance-RedBird alliance has not given up. The premise, a source with knowledge of the situation tells The Hollywood Reporter, is that the rival Apollo/Sony Pictures offer now up for Paramount’s consideration will fail for multiple reasons, with Skydance still waiting in the wings.
So despite much Wall Street skepticism over a proposed deal that favors controlling shareholder Shari Redstone over other investors, “Skydance has been on an extremely aggressive PR campaign in the last month to convince everyone how legitimate they are,” says a prominent media mogul.
Even as the Paramount special committee passed on the offer from David Ellison’s company May 4, sources say the Skydance-RedBird alliance has not given up. The premise, a source with knowledge of the situation tells The Hollywood Reporter, is that the rival Apollo/Sony Pictures offer now up for Paramount’s consideration will fail for multiple reasons, with Skydance still waiting in the wings.
So despite much Wall Street skepticism over a proposed deal that favors controlling shareholder Shari Redstone over other investors, “Skydance has been on an extremely aggressive PR campaign in the last month to convince everyone how legitimate they are,” says a prominent media mogul.
- 5/6/2024
- by Kim Masters
- The Hollywood Reporter - Movie News
Both James Cameron and Ari Emanuel offered their support this weekend of Skydance’s bid to acquire Paramount.
Though reports earlier this week suggested that Paramount’s special board committee was leaning against accepting Skydance’s offer, Cameron and Emanuel told The Financial Times on Sunday that they supported Skydance founder David Ellison’s potential leadership.
The deal, first offered during a 30-day exclusive negotiating window at the beginning of April, would see Skydance, joined by financial partners RedBird Capital and Kkir, acquire controlling shareholder Shari Redstone’s stake in the company and then merge Skydance into Paramount, keeping it as a publicly traded company, with new leadership at the helm.
“I love the Ellison idea,” Cameron, whose 1997 film Titanic remains one of Paramount’s most successful movies, said. “If he gets . . . to run Paramount creatively, it could be a huge boon for this business in these ailing times. David’s proven himself.
Though reports earlier this week suggested that Paramount’s special board committee was leaning against accepting Skydance’s offer, Cameron and Emanuel told The Financial Times on Sunday that they supported Skydance founder David Ellison’s potential leadership.
The deal, first offered during a 30-day exclusive negotiating window at the beginning of April, would see Skydance, joined by financial partners RedBird Capital and Kkir, acquire controlling shareholder Shari Redstone’s stake in the company and then merge Skydance into Paramount, keeping it as a publicly traded company, with new leadership at the helm.
“I love the Ellison idea,” Cameron, whose 1997 film Titanic remains one of Paramount’s most successful movies, said. “If he gets . . . to run Paramount creatively, it could be a huge boon for this business in these ailing times. David’s proven himself.
- 5/5/2024
- by Zoe G Phillips
- The Hollywood Reporter - Movie News
Summer House: Martha’s Vineyard Season 2 is heating Bravo up, and the cast is ready for a reunion.
The reality series set in New England is finding its groove in its second season with more drama among the friend group.
Some of the issues that need to be cleared up include Alex Tyree seemingly excluding Summer Marie Thomas from events he organizes after a short romance, the reason Jasmine Ellis Cooper hid her pregnancy all summer and Jordan Emanuel confronting Tyree over comments he made the previous summer.
Bravo has seemingly not ordered a Season 2 reunion, as some of the cast members have taken to social media to express a desire to have one.
“We sure better get one!” Preston Mitchum said in a post on X after a Bravo fan account hoped to see a reunion for the show.
Summer Thomas also “agreed” that she wanted a reunion and...
The reality series set in New England is finding its groove in its second season with more drama among the friend group.
Some of the issues that need to be cleared up include Alex Tyree seemingly excluding Summer Marie Thomas from events he organizes after a short romance, the reason Jasmine Ellis Cooper hid her pregnancy all summer and Jordan Emanuel confronting Tyree over comments he made the previous summer.
Bravo has seemingly not ordered a Season 2 reunion, as some of the cast members have taken to social media to express a desire to have one.
“We sure better get one!” Preston Mitchum said in a post on X after a Bravo fan account hoped to see a reunion for the show.
Summer Thomas also “agreed” that she wanted a reunion and...
- 4/14/2024
- by Armando Tinoco
- Deadline Film + TV
Update: Paul Simon performed “Graceland” at the White House State Dinner for Japan’s Prime Minister Kishida Fumio and Kishida Yuko.
Kishida also made a Star Trek reference at one moment, using the phrase, “To boldly go where no one has gone before,” then naming cast member George Takei.
Previously: Former President Bill Clinton and former Secretary of State Hillary Clinton are making a return visit to the White House as guests at tonight’s White House State Dinner for Japan’s Prime Minister Kishida Fumio and Kishida Yuko.
Paul Simon performs "Graceland" at White House State Dinner for Japan pic.twitter.com/8SCF6llOd3
— Howard Mortman (@HowardMortman) April 11, 2024
Star Trek State Dinner:
Japan Pm Fumio Kishida: "Let me conclude with the line from Star Trek: To boldly go where no one has gone before. By the way, @GeorgeTakei who played Hikaru Sulu, the helmsman of the USS Enterprise,...
Kishida also made a Star Trek reference at one moment, using the phrase, “To boldly go where no one has gone before,” then naming cast member George Takei.
Previously: Former President Bill Clinton and former Secretary of State Hillary Clinton are making a return visit to the White House as guests at tonight’s White House State Dinner for Japan’s Prime Minister Kishida Fumio and Kishida Yuko.
Paul Simon performs "Graceland" at White House State Dinner for Japan pic.twitter.com/8SCF6llOd3
— Howard Mortman (@HowardMortman) April 11, 2024
Star Trek State Dinner:
Japan Pm Fumio Kishida: "Let me conclude with the line from Star Trek: To boldly go where no one has gone before. By the way, @GeorgeTakei who played Hikaru Sulu, the helmsman of the USS Enterprise,...
- 4/11/2024
- by Ted Johnson
- Deadline Film + TV
Prepare for a “modern” take on Princess Diana’s wedding dress from 1981. More than 40 years later, Elizabeth Emanuel, who designed the original with David Emanuel, is giving Diana’s wedding dress a “sequel.” And, yes, there will be plenty of “sparkles and pearls.”
Diana’s wedding dress designer is creating a ‘sequel’ with a ‘completely different vision’
The husband and wife design team of David and Elizabeth Emanuel created Diana’s wedding dress for her nuptials to now-King Charles III. Decades later, it’s being reimagined. Elizabeth,
It’s getting a “sequel,” as Elizabeth told People, adding she’s going to “climb back into the time machine” and make something modern.
“I’m going to try and capture the spirit of the original—but through my eyes now,” Elizabeth said. “I want to preserve all the sparkles and pearls, but with a completely different vision.”
“It’s a really...
Diana’s wedding dress designer is creating a ‘sequel’ with a ‘completely different vision’
The husband and wife design team of David and Elizabeth Emanuel created Diana’s wedding dress for her nuptials to now-King Charles III. Decades later, it’s being reimagined. Elizabeth,
It’s getting a “sequel,” as Elizabeth told People, adding she’s going to “climb back into the time machine” and make something modern.
“I’m going to try and capture the spirit of the original—but through my eyes now,” Elizabeth said. “I want to preserve all the sparkles and pearls, but with a completely different vision.”
“It’s a really...
- 4/9/2024
- by Mandi Kerr
- Showbiz Cheat Sheet
Following a suit Thursday asserting that Vince McMahon sexally assaulted and trafficked former WWE employee Janel Grant, the WWE founder has resigned from his role as chairman of parent company Tko Group Holdings, according to an email from WWE president Nick Khan shared with TheWrap. Tko Group was created as the new parent company of WWE in its merger last year with UFC.
“I wanted to inform you that Vince McMahon has tendered his resignation from his positions as Tko Executive Chairman and on the Tko Board of Directors,” Khan wrote in an email to staff on Friday. “He will no longer have a role with Tko Group Holdings or WWE.”
“I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth,” McMahon said in a statement. “I intend to vigorously defend myself against these baseless accusations,...
“I wanted to inform you that Vince McMahon has tendered his resignation from his positions as Tko Executive Chairman and on the Tko Board of Directors,” Khan wrote in an email to staff on Friday. “He will no longer have a role with Tko Group Holdings or WWE.”
“I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth,” McMahon said in a statement. “I intend to vigorously defend myself against these baseless accusations,...
- 1/27/2024
- by Mike Roe
- The Wrap
Longtime WWE advertising partner Slim Jim has paused its sponsorship with the wrestling promotion following “disturbing allegations” unveiled in a lawsuit Thursday against WWE founder and board chair Vince McMahon. The announcement comes ahead of this Saturday’s Royal Rumble, one of WWE’s biggest events of the year.
“Slim Jim values integrity and respect in all of our partnerships. Given the recent disturbing allegations against Vince McMahon, at this time we’ve decided to pause our promotional activities with WWE,” the company said in a statement. “This decision reflects our commitment to our brand values and responsibility to our community.”
They added that they “will continue to monitor the situation and base our future engagements on our values and what’s best for our brand.”
The current Slim Jim sponsorship was touted by the companies as the “largest sponsorship deal in WWE history” last August, kicking off with sponsorship around the SummerSlam event.
“Slim Jim values integrity and respect in all of our partnerships. Given the recent disturbing allegations against Vince McMahon, at this time we’ve decided to pause our promotional activities with WWE,” the company said in a statement. “This decision reflects our commitment to our brand values and responsibility to our community.”
They added that they “will continue to monitor the situation and base our future engagements on our values and what’s best for our brand.”
The current Slim Jim sponsorship was touted by the companies as the “largest sponsorship deal in WWE history” last August, kicking off with sponsorship around the SummerSlam event.
- 1/27/2024
- by Mike Roe
- The Wrap
Editor’s note: This post contain extremely sexually explicit details from the lawsuit against WWE founder Vince McMahon.
Updated, 1:51 Pm: Following a harrowing sexual assault and sex-trafficking lawsuit filed Thursday against Vince McMahon and World Wrestling Entertainment by a former WWE staff member, the wrestling mogul and current WWE owners Tko Group Holdings have broken their silence on the grisly claims.
“This lawsuit is replete with lies, obscene made-up instances that never occurred, and a vindictive distortion of the truth,” a spokesman for McMahon said today. “He will vigorously defend himself.”
“Mr. McMahon does not control Tko nor does he oversee the day-to-day operations of WWE,” a Tko spokesperson told Deadline this afternoon regarding the company’s Executive Chairman. “While this matter pre-dates our Tko executive team’s tenure at the company, we take Ms. Grant’s horrific allegations very seriously and are addressing this matter internally.”
The statement...
Updated, 1:51 Pm: Following a harrowing sexual assault and sex-trafficking lawsuit filed Thursday against Vince McMahon and World Wrestling Entertainment by a former WWE staff member, the wrestling mogul and current WWE owners Tko Group Holdings have broken their silence on the grisly claims.
“This lawsuit is replete with lies, obscene made-up instances that never occurred, and a vindictive distortion of the truth,” a spokesman for McMahon said today. “He will vigorously defend himself.”
“Mr. McMahon does not control Tko nor does he oversee the day-to-day operations of WWE,” a Tko spokesperson told Deadline this afternoon regarding the company’s Executive Chairman. “While this matter pre-dates our Tko executive team’s tenure at the company, we take Ms. Grant’s horrific allegations very seriously and are addressing this matter internally.”
The statement...
- 1/25/2024
- by Dominic Patten
- Deadline Film + TV
The Rock is officially back in business with the WWE.
Dwayne “The Rock” Johnson has been appointed to the board of directors of Tko, the public company that owns the WWE and UFC. Tko announced Johnson’s appointment Tuesday morning.
In addition, the company is granting Johnson full ownership of his trademarked in-ring name “The Rock,” with the actor and entrepreneur inking a services and merchandising agreement with the company. Per an SEC filing, Tko will award Johnson a stock award valued at $30 million in connection with the agreement, vesting over time. Johnson will also still be able to collect royalties in connection with sales of “The Rock” merchandise.
Johnson, who is one of the biggest stars in WWE history, made a surprise appearance during WWE Monday Night Raw earlier in January, where he teased a possible feud with current world champion Roman Reigns.
“My grandfather, High Chief Peter Maivia,...
Dwayne “The Rock” Johnson has been appointed to the board of directors of Tko, the public company that owns the WWE and UFC. Tko announced Johnson’s appointment Tuesday morning.
In addition, the company is granting Johnson full ownership of his trademarked in-ring name “The Rock,” with the actor and entrepreneur inking a services and merchandising agreement with the company. Per an SEC filing, Tko will award Johnson a stock award valued at $30 million in connection with the agreement, vesting over time. Johnson will also still be able to collect royalties in connection with sales of “The Rock” merchandise.
Johnson, who is one of the biggest stars in WWE history, made a surprise appearance during WWE Monday Night Raw earlier in January, where he teased a possible feud with current world champion Roman Reigns.
“My grandfather, High Chief Peter Maivia,...
- 1/23/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
Updated: Dwayne Johnson has joined the board of directors of Tko Group Holdings, Inc., the company formed by Endeavor that merged WWE and the UFC.
Johnson, one of the most popular actors and media personalities on the planet, broke out as a star for WWE (then WWF) in the 1990s and early 2000s. He held multiple world championships in his time with the pro wrestling juggernaut and is widely regarded as one of the greatest professional wrestlers of all time.
“I am thrilled to partner with Dwayne and welcome his immense talent to Tko’s Board,” said Ariel Emanuel, CEO of Tko. “Dwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for Tko.”
WWE added that it has also entered into a services and merchandising agreement with Johnson. Under that agreement, Johnson will provide promotional,...
Johnson, one of the most popular actors and media personalities on the planet, broke out as a star for WWE (then WWF) in the 1990s and early 2000s. He held multiple world championships in his time with the pro wrestling juggernaut and is widely regarded as one of the greatest professional wrestlers of all time.
“I am thrilled to partner with Dwayne and welcome his immense talent to Tko’s Board,” said Ariel Emanuel, CEO of Tko. “Dwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for Tko.”
WWE added that it has also entered into a services and merchandising agreement with Johnson. Under that agreement, Johnson will provide promotional,...
- 1/23/2024
- by Joe Otterson
- Variety Film + TV
Is the Saudi-Hollywood love affair back on?
Judging by the third edition of the Red Sea International Film Festival, which wrapped on Dec. 9, the answer is yes. A parade of stars including Will Smith, Michelle Williams, Chris Hemsworth, Johnny Depp and Halle Berry made the pilgrimage to Jeddah even as the Israel-Hamas conflict raged just 700 miles north.
This year’s guest list signals a dramatic reversal in relations from five years ago, when Hollywood’s outrage campaign was in full swing following the murder of The Washington Post columnist Jamal Khashoggi at the hands of Saudi government agents. In the aftermath, WME’s Ari Emanuel cut ties with the kingdom, returning its $400 million investment just six months after courting Crown Prince Mohammed bin Salman during his visit to Los Angeles.
While enticing big-name talent this year generated positive publicity, the real Saudi mandate is to diversify the country’s economy beyond oil,...
Judging by the third edition of the Red Sea International Film Festival, which wrapped on Dec. 9, the answer is yes. A parade of stars including Will Smith, Michelle Williams, Chris Hemsworth, Johnny Depp and Halle Berry made the pilgrimage to Jeddah even as the Israel-Hamas conflict raged just 700 miles north.
This year’s guest list signals a dramatic reversal in relations from five years ago, when Hollywood’s outrage campaign was in full swing following the murder of The Washington Post columnist Jamal Khashoggi at the hands of Saudi government agents. In the aftermath, WME’s Ari Emanuel cut ties with the kingdom, returning its $400 million investment just six months after courting Crown Prince Mohammed bin Salman during his visit to Los Angeles.
While enticing big-name talent this year generated positive publicity, the real Saudi mandate is to diversify the country’s economy beyond oil,...
- 12/13/2023
- by Tatiana Siegel
- Variety Film + TV
The Michigan home of Rahm Emanuel, the U.S. ambassador to Japan, was defaced this weekend with graffiti that said: “Nazis.”
Emanuel, who is Jewish and served as former President Barack Obama’s chief of staff and as the mayor of Chicago, was out of the state when the vandalization occurred. It was discovered by the head of the homeowner’s organization in his southwest Michigan residential community.
“This was scrawled on the fence outside the Michigan home of Rahm Emanuel,” former Obama chief campaign strategist David Axelrod posted on X, formerly Twitter, alongside a photo of the graffiti. “It’s despicable. It’s disgusting. It’s just one more flashing red light. Stop the hate. Stop the antisemitism and the Islamophobia. We know where it leads!”
This was scrawled on the fence outside the Mi home of @RahmEmanuel.
It's despicable. It's disgusting.
It's just one more flashing red light.
Emanuel, who is Jewish and served as former President Barack Obama’s chief of staff and as the mayor of Chicago, was out of the state when the vandalization occurred. It was discovered by the head of the homeowner’s organization in his southwest Michigan residential community.
“This was scrawled on the fence outside the Michigan home of Rahm Emanuel,” former Obama chief campaign strategist David Axelrod posted on X, formerly Twitter, alongside a photo of the graffiti. “It’s despicable. It’s disgusting. It’s just one more flashing red light. Stop the hate. Stop the antisemitism and the Islamophobia. We know where it leads!”
This was scrawled on the fence outside the Mi home of @RahmEmanuel.
It's despicable. It's disgusting.
It's just one more flashing red light.
- 11/22/2023
- by Ava Lombardi
- Uinterview
Mixed martial arts outfit Professional Fighters League (Pfl) has acquired Bellator from Paramount Global, saying the deal includes top fighters and creates “a roster now equal in stature to UFC.”
Financial details weren’t disclosed. The deal comes after Paramount announced last month it plans to shut the sports operations at Showtime by the end of the year in an ongoing overhaul of the network.
All newly acquired Bellator fighters will become part of the Pfl platform and available to compete in Pfl fight franchises. As a result, the league said, Pfl and UFC now both showcase rosters that are 30% comprised of fighters who are top 25 independently world-ranked in their weight-classes, and Pfl with Bellator now has the best roster of women’s fighters in the world.
UFC is owned by Ari Emanuel-led Endeavor through Tko Holdings, a new public company that houses UFC and WWE. Pfl launched in...
Financial details weren’t disclosed. The deal comes after Paramount announced last month it plans to shut the sports operations at Showtime by the end of the year in an ongoing overhaul of the network.
All newly acquired Bellator fighters will become part of the Pfl platform and available to compete in Pfl fight franchises. As a result, the league said, Pfl and UFC now both showcase rosters that are 30% comprised of fighters who are top 25 independently world-ranked in their weight-classes, and Pfl with Bellator now has the best roster of women’s fighters in the world.
UFC is owned by Ari Emanuel-led Endeavor through Tko Holdings, a new public company that houses UFC and WWE. Pfl launched in...
- 11/20/2023
- by Jill Goldsmith
- Deadline Film + TV
Vince McMahon will sell 8.4 million shares of Tko Group Holdings, the sports and entertainment company announced on Thursday. McMahon is the former owner of World Wrestling Entertainment and current executive chairman of Tko. Those shares make up approximately one-fourth of his current holdings in the company, with an estimated worth of $700 million.
Endeavor ‘s Ari Emanuel, Tko’s CEO and director, is interested in purchasing up 1 million of those shares, according to a press release. Per a Thursday securities filing, Tko plans to buy back $100 million worth of the shares in the sale.
The company’s president, COO and director Mark Shapiro is also committing to a $1 million purchase. An unspecified number of Tko directors are interested in buying $850,000 worth of the stock at the public offering price. These moves have been seen as a vote of confidence in the company’s future.
Tko was formed just two months ago when WWE,...
Endeavor ‘s Ari Emanuel, Tko’s CEO and director, is interested in purchasing up 1 million of those shares, according to a press release. Per a Thursday securities filing, Tko plans to buy back $100 million worth of the shares in the sale.
The company’s president, COO and director Mark Shapiro is also committing to a $1 million purchase. An unspecified number of Tko directors are interested in buying $850,000 worth of the stock at the public offering price. These moves have been seen as a vote of confidence in the company’s future.
Tko was formed just two months ago when WWE,...
- 11/10/2023
- by Sharon Knolle
- The Wrap
Vince McMahon, the longtime former CEO of WWE, is selling nearly one-third of his stake in Tko Group Holdings.
The wrestling impresario is unloading 8.4 million shares, which had a market value of around $700 million as of Thursday’s close. Last summer, McMahon was listed as owning 28 million shares in Tko, the newly formed parent of WWE and UFC. Endeavor, which owns the UFC, holds a 51% controlling interest in Tko, which began trading last September.
In connection with McMahon’s sale, an SEC filing said, Tko as a company intends to acquire $100 million in shares. CEO Ari Emanuel and President and COO Mark Shapiro; and other members of Tko’s board of directors have “indicated an interest” in picking up $1 million in stock apiece, with a number of additional directors ticketed for another $850,000.
No shares are being sold by Tko as part of the transaction, a press release noted. The purchases...
The wrestling impresario is unloading 8.4 million shares, which had a market value of around $700 million as of Thursday’s close. Last summer, McMahon was listed as owning 28 million shares in Tko, the newly formed parent of WWE and UFC. Endeavor, which owns the UFC, holds a 51% controlling interest in Tko, which began trading last September.
In connection with McMahon’s sale, an SEC filing said, Tko as a company intends to acquire $100 million in shares. CEO Ari Emanuel and President and COO Mark Shapiro; and other members of Tko’s board of directors have “indicated an interest” in picking up $1 million in stock apiece, with a number of additional directors ticketed for another $850,000.
No shares are being sold by Tko as part of the transaction, a press release noted. The purchases...
- 11/9/2023
- by Dade Hayes
- Deadline Film + TV
Updated, Nov. 10: Vince McMahon is cashing out a big chunk of the stock he received from the sale of WWE.
McMahon, the former CEO of WWE, intends to sell 8.4 million shares of Class A common stock in Tko Group Holdings, the company formed by the merger of WWE and UFC, which was engineered by Endeavor (owner of UFC).
Early Friday, Tko announced McMahon’s shares would be priced at $79.80 per share, making the stock sale worth $670.3 million. McMahon “will receive all of the net proceeds from this offering,” Tko said in a filing Thursday with the SEC. The stock he’s selling represents about 30% of the 28 million shares McMahon previously owned in Tko, per a regulatory filing.
Tko said it would repurchase approximately $100 million of shares of its Class A common stock from the underwriters in the stock sale by McMahon.
McMahon, who has the role of executive chairman of Tko Group,...
McMahon, the former CEO of WWE, intends to sell 8.4 million shares of Class A common stock in Tko Group Holdings, the company formed by the merger of WWE and UFC, which was engineered by Endeavor (owner of UFC).
Early Friday, Tko announced McMahon’s shares would be priced at $79.80 per share, making the stock sale worth $670.3 million. McMahon “will receive all of the net proceeds from this offering,” Tko said in a filing Thursday with the SEC. The stock he’s selling represents about 30% of the 28 million shares McMahon previously owned in Tko, per a regulatory filing.
Tko said it would repurchase approximately $100 million of shares of its Class A common stock from the underwriters in the stock sale by McMahon.
McMahon, who has the role of executive chairman of Tko Group,...
- 11/9/2023
- by Todd Spangler
- Variety Film + TV
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 of his current holdings in the company.
McMahon currently serves as executive chairman of Tko Group.
Notably, the filing says that Tko intends to buy back $100 million worth of the shares in the sale, with Endeavor and Tko CEO Ari Emanuel and president and COO Mark Shapiro expected to purchase $1 million each. Other directors have committed to buy another $850,000 in shares.
Tko Group was formed in September when Endeavor spun out its UFC division and merged it with McMahon’s WWE, creating a sports media powerhouse.
The company gave its first quarterly earnings report earlier this week,...
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 of his current holdings in the company.
McMahon currently serves as executive chairman of Tko Group.
Notably, the filing says that Tko intends to buy back $100 million worth of the shares in the sale, with Endeavor and Tko CEO Ari Emanuel and president and COO Mark Shapiro expected to purchase $1 million each. Other directors have committed to buy another $850,000 in shares.
Tko Group was formed in September when Endeavor spun out its UFC division and merged it with McMahon’s WWE, creating a sports media powerhouse.
The company gave its first quarterly earnings report earlier this week,...
- 11/9/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Endeavor CEO Ari Emanuel expressed hope Wednesday that “the strike ends in the next couple days,” referring to the SAG-AFTRA impasse still paralyzing Hollywood.
Even after the expected end to the historic dual walkouts by SAG-AFTRA and WGA, he said during the company’s third-quarter earnings call, many productions would need time to regroup and get back up and running. The early part of 2024 the likely window when shooting would fully resume, Emanuel said, with the process of scheduling actors creating a frenzy in the final weeks of 2023.
“There’s tons of pent-up demand, lots of stuff on the runway,” Emanuel said.
CFO Jason Lublin estimated the Hollywood strikes had a negative impact of $40 million-$50 million in the third quarter. His assessment came after the WME parent reported mixed third-quarter results, with sports gains lifting revenue but the WGA and SAG-AFTRA strikes hampering the company’s Representation unit.
Speaking to...
Even after the expected end to the historic dual walkouts by SAG-AFTRA and WGA, he said during the company’s third-quarter earnings call, many productions would need time to regroup and get back up and running. The early part of 2024 the likely window when shooting would fully resume, Emanuel said, with the process of scheduling actors creating a frenzy in the final weeks of 2023.
“There’s tons of pent-up demand, lots of stuff on the runway,” Emanuel said.
CFO Jason Lublin estimated the Hollywood strikes had a negative impact of $40 million-$50 million in the third quarter. His assessment came after the WME parent reported mixed third-quarter results, with sports gains lifting revenue but the WGA and SAG-AFTRA strikes hampering the company’s Representation unit.
Speaking to...
- 11/8/2023
- by Dade Hayes
- Deadline Film + TV
In the quarter that included the marriage of UFC and WWE under the Tko Group umbrella, Endeavor saw its Q3 revenue rise despite headwinds from Hollywood strikes and other market conditions, but operating expenses climbed even more.
Endeavor’s conference call with analysts today gaveWall Streeters a chance to grill company executives, including CEO Ari Emanuel and Mark Shapiro, president and chief operating officer, on the news earlier this month that Endeavor is considering “strategic alternatives” for some of its businesses.
Controlling shareholder Silver Lake, meanwhile, has said it intends to take the company private. “Silver Lake firmly believes in Endeavor’s business and is not interested in selling its shares in Endeavor to a third-party nor in entertaining bids for assets that are a part of Endeavor,” the private equity firm said on Oct. 25.
“Given the continued dislocation between our public market value and the intrinsic value of Endeavor’s underlying assets,...
Endeavor’s conference call with analysts today gaveWall Streeters a chance to grill company executives, including CEO Ari Emanuel and Mark Shapiro, president and chief operating officer, on the news earlier this month that Endeavor is considering “strategic alternatives” for some of its businesses.
Controlling shareholder Silver Lake, meanwhile, has said it intends to take the company private. “Silver Lake firmly believes in Endeavor’s business and is not interested in selling its shares in Endeavor to a third-party nor in entertaining bids for assets that are a part of Endeavor,” the private equity firm said on Oct. 25.
“Given the continued dislocation between our public market value and the intrinsic value of Endeavor’s underlying assets,...
- 11/8/2023
- by Cynthia Littleton
- Variety Film + TV
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 billion in Q3, and had a net loss of $116 million, with adjusted Ebitda of $311.6 million.
“Our results in the third quarter demonstrate the strength of our diversified portfolio and leading position in sports and entertainment,” said Endeavor CEO Ari Emanuel. “We are making good progress on our Tko integration efforts, setting ticket sales or attendance records at many of our live events, and continuing to benefit from demand for premium content and experiences. Our focus remains on maximizing shareholder value through capital return initiatives including our share repurchase program and dividend payments, as well as our...
Endeavor reported revenue of $1.34 billion in Q3, and had a net loss of $116 million, with adjusted Ebitda of $311.6 million.
“Our results in the third quarter demonstrate the strength of our diversified portfolio and leading position in sports and entertainment,” said Endeavor CEO Ari Emanuel. “We are making good progress on our Tko integration efforts, setting ticket sales or attendance records at many of our live events, and continuing to benefit from demand for premium content and experiences. Our focus remains on maximizing shareholder value through capital return initiatives including our share repurchase program and dividend payments, as well as our...
- 11/8/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Tko Group, the new Endeavor-owned public company created by the merger of UFC and WWE, posted its first quarterly financial results today, driven by Ultimate Fighting Championship, which saw its numbers buoyed by media rights, content fees, live events and sponsorship for the three months ended in September.
WWE had softer numbers in part due to the timing of events and of payment from partners in the 2023 quarter vs last year. Revenue slipped 6% to $287 million. Ebitda (a kind of operating profit) fell about 17% to $102 million. After some drama on the WWE side, Endeavor acquired it from Vince McMahon this fall and rolled it up with UFC into Tko, creating a combat sports juggernaut. Ari Emanuel is CEO of both Endeavor and Tko.
The numbers hit as Endeavor this month signaled another dramatic move — possible plans to go private thanks to its biggest shareholder Silver Lake Partners.
WWE sales were...
WWE had softer numbers in part due to the timing of events and of payment from partners in the 2023 quarter vs last year. Revenue slipped 6% to $287 million. Ebitda (a kind of operating profit) fell about 17% to $102 million. After some drama on the WWE side, Endeavor acquired it from Vince McMahon this fall and rolled it up with UFC into Tko, creating a combat sports juggernaut. Ari Emanuel is CEO of both Endeavor and Tko.
The numbers hit as Endeavor this month signaled another dramatic move — possible plans to go private thanks to its biggest shareholder Silver Lake Partners.
WWE sales were...
- 11/7/2023
- by Jill Goldsmith
- Deadline Film + TV
Tko Group Holdings, the Endeavor-controlled public company that owns the UFC and WWE, reported its first quarterly earnings since the company was formed in September.
Tko, led by CEO Ari Emanuel and president and COO Mark Shapiro, is banking that synergies between the UFC and WWE, combined with escalating media rights deals and international expansion, will present a compelling growth story to Wall Street.
To that end, the company guided that it expects synergies to come in at the high range of its previous guidance, announced an expansion of UFC fights in the Middle East, including in Saudi Arabia, secured a new TV rights deal for WWE Smackdown with NBCUniversal, and inked UFC’s biggest ever sponsorship deal with Ab InBev.
“Since launching Tko on September 12th, our teams at WWE, UFC, and Endeavor have been focused on integration and executing our strategy,” said Emanuel in a statement. “This...
Tko, led by CEO Ari Emanuel and president and COO Mark Shapiro, is banking that synergies between the UFC and WWE, combined with escalating media rights deals and international expansion, will present a compelling growth story to Wall Street.
To that end, the company guided that it expects synergies to come in at the high range of its previous guidance, announced an expansion of UFC fights in the Middle East, including in Saudi Arabia, secured a new TV rights deal for WWE Smackdown with NBCUniversal, and inked UFC’s biggest ever sponsorship deal with Ab InBev.
“Since launching Tko on September 12th, our teams at WWE, UFC, and Endeavor have been focused on integration and executing our strategy,” said Emanuel in a statement. “This...
- 11/7/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
For decades, sports on television was a bulletproof business. Live games, airing on local stations or national networks, reliably brought in big audiences and even bigger advertising hauls.
Inside of just a few years, though, nearly everything about the way TV makes money from sports has begun to change as the industry’s transition to streaming upends the marketplace. Into this volatile mix, Endeavor has drop-kicked a newly created sports entity that is built for the future of both television and fandom. As of Sept. 12, that new entity has started trading on the NYSE under the feisty ticker symbol Tko.
“We sit at the epicenter of large and fast-growing markets,” Endeavor president Mark Shapiro promises. “We live in the world of the super fan.”
Tko Group Holdings was birthed as a public company this month with the completion of Endeavor’s acquisition of WWE, the long-dominant pro wrestling company owned...
Inside of just a few years, though, nearly everything about the way TV makes money from sports has begun to change as the industry’s transition to streaming upends the marketplace. Into this volatile mix, Endeavor has drop-kicked a newly created sports entity that is built for the future of both television and fandom. As of Sept. 12, that new entity has started trading on the NYSE under the feisty ticker symbol Tko.
“We sit at the epicenter of large and fast-growing markets,” Endeavor president Mark Shapiro promises. “We live in the world of the super fan.”
Tko Group Holdings was birthed as a public company this month with the completion of Endeavor’s acquisition of WWE, the long-dominant pro wrestling company owned...
- 9/20/2023
- by Cynthia Littleton
- Variety Film + TV
Larry David did not curb his dislike of Elon Musk while at a wedding.
The “Curb Your Enthusiasm” creator confronted Twitter Aka “X” owner Musk during agent Ari Emanuel’s 2022 wedding, as captured in new biography “Elon Musk,” written by Walter Isaacson.
David and Musk were sitting at the same table during the wedding reception, which led David to ask Musk, “Do you just want to murder kids in schools?” in an excerpt from the book (via The New York Post). The wedding took place four days following the Uvalde, Texas school shooting massacre.
Per the biography, Musk replied, “I’m anti-kid murder,” to which “Seinfeld” creator David asked, “Then how could you vote Republican?”
David later confirmed the encounter to biographer Isaacson, telling the author, “His tweets about voting Republican because Democrats were the party of division and hate were sticking in my craw. Even if Uvalde never happened,...
The “Curb Your Enthusiasm” creator confronted Twitter Aka “X” owner Musk during agent Ari Emanuel’s 2022 wedding, as captured in new biography “Elon Musk,” written by Walter Isaacson.
David and Musk were sitting at the same table during the wedding reception, which led David to ask Musk, “Do you just want to murder kids in schools?” in an excerpt from the book (via The New York Post). The wedding took place four days following the Uvalde, Texas school shooting massacre.
Per the biography, Musk replied, “I’m anti-kid murder,” to which “Seinfeld” creator David asked, “Then how could you vote Republican?”
David later confirmed the encounter to biographer Isaacson, telling the author, “His tweets about voting Republican because Democrats were the party of division and hate were sticking in my craw. Even if Uvalde never happened,...
- 9/19/2023
- by Samantha Bergeson
- Indiewire
Walter Isaacson’s new Elon Musk biography reveals an alleged altercation between the Twitter/X owner and comedian Larry David that took place at Endeavor CEO Ari Emanuel’s wedding last year in Saint-Tropez, France. The event took place just a few days after the mass shooting in Uvalde, Texas, in which 19 children and two teachers were killed. David and Musk were seated at the same wedding table.
Isaacson writes that David “seemed to be fuming” and went up to Musk and asked him, “Do you just want to murder kids in schools?” (via Insider). Musk was allegedly “baffled” and “annoyed” and said, “No, no. I’m anti-kid murder.”
“Then how could you vote Republican?” David reportedly asked Musk.
David confirmed the incident to Isaacson, explaining in the book, “[Musk’s] tweets about voting Republican because Democrats were the party of division and hate were sticking in my craw. Even if Uvalde never happened,...
Isaacson writes that David “seemed to be fuming” and went up to Musk and asked him, “Do you just want to murder kids in schools?” (via Insider). Musk was allegedly “baffled” and “annoyed” and said, “No, no. I’m anti-kid murder.”
“Then how could you vote Republican?” David reportedly asked Musk.
David confirmed the incident to Isaacson, explaining in the book, “[Musk’s] tweets about voting Republican because Democrats were the party of division and hate were sticking in my craw. Even if Uvalde never happened,...
- 9/19/2023
- by Zack Sharf
- Variety Film + TV
Larry David confronted Elon Musk over his support for the Republican Party at Endeavor chief Ari Emanuel’s wedding last year, according to Walter Isaacson’s new biography of the tech mogul, Elon Musk.
“Do you just want to murder kids in schools?” the comedian and Seinfeld co-creator reportedly asked Musk at the Hollywood super-agent’s nuptials to fashion designer Sarah Staudinger in France. “No, no … I’m anti-kid murder,” Musk, the Tesla Motors/X/SpaceX billionaire, is said to have replied.
“Then how could you vote Republican?” David followed up.
David, an Emanuel client who officiated the nuptials between the talent agent and Staudinger, Isaacson wrote, confirmed the confrontation to Isaacson, saying, “His tweets about voting Republican because Democrats were the party of division and hate were sticking in my craw. Even if Uvalde never happened, I probably would have brought it up because I was angry and offended.
“Do you just want to murder kids in schools?” the comedian and Seinfeld co-creator reportedly asked Musk at the Hollywood super-agent’s nuptials to fashion designer Sarah Staudinger in France. “No, no … I’m anti-kid murder,” Musk, the Tesla Motors/X/SpaceX billionaire, is said to have replied.
“Then how could you vote Republican?” David followed up.
David, an Emanuel client who officiated the nuptials between the talent agent and Staudinger, Isaacson wrote, confirmed the confrontation to Isaacson, saying, “His tweets about voting Republican because Democrats were the party of division and hate were sticking in my craw. Even if Uvalde never happened, I probably would have brought it up because I was angry and offended.
- 9/19/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Hollywood Power Lawyer Craig Emanuel is leaving Paul Hastings to move in-house to work for longtime client Ryan Murphy.
Emanuel, who has been a mainstay on THR‘s annual spotlight of the top attorneys in the entertainment industry, has also worked with the likes of Tom Hanks, Daniel Day Lewis, Julie Delpy, Robert Rodriguez, Luke Davies and Tony Gilroy, as well as companies including Msg Entertainment (Madison Square Garden) and Animal Logic.
“While the decision to leave my clients and Paul Hastings has not been an easy one, knowing they are in such great hands with my colleagues has helped make the transition an easier one,” said Emanuel in a statement.
Word of the move to advise Murphy full-time began to spread in late August, and the firm confirmed the transition on Monday. “After practicing as an attorney for more than 42 years, Craig Emanuel, longtime partner and former global chair...
Emanuel, who has been a mainstay on THR‘s annual spotlight of the top attorneys in the entertainment industry, has also worked with the likes of Tom Hanks, Daniel Day Lewis, Julie Delpy, Robert Rodriguez, Luke Davies and Tony Gilroy, as well as companies including Msg Entertainment (Madison Square Garden) and Animal Logic.
“While the decision to leave my clients and Paul Hastings has not been an easy one, knowing they are in such great hands with my colleagues has helped make the transition an easier one,” said Emanuel in a statement.
Word of the move to advise Murphy full-time began to spread in late August, and the firm confirmed the transition on Monday. “After practicing as an attorney for more than 42 years, Craig Emanuel, longtime partner and former global chair...
- 9/18/2023
- by Ashley Cullins
- The Hollywood Reporter - Movie News
When Julia Louis-Dreyfus tied the knot with husband Brad Hall in 1987, she looked across the pond for inspiration when it came to her wedding gown.
During an appearance on “Live with Kelly and Mark”, the “Seinfeld” alum revealed that the design of her gown was inspired heavily by the one that Princess Diana wore when she married Prince Charles.
Read More: Julia Louis-Dreyfus Opens Up About Suffering A Miscarriage At Age 28: ‘That Was Emotionally Devastating’
“You and your husband have been married for 35 years,” host Kelly Ripa said to Louis-Dreyfus, reported People, while viewers were shown a photo from the couple’s wedding.
View this post on Instagram
A post shared by Julia Louis-Dreyfus (@officialjld)
“Yes. Look at that wedding dress,” Louis-Dreyfus replied with a laugh.
“You’ll see I fashioned my dress after Princess Diana,” she added.
Read More: Julia Louis-Dreyfus Is Ready To ‘Kick Some A**’ In...
During an appearance on “Live with Kelly and Mark”, the “Seinfeld” alum revealed that the design of her gown was inspired heavily by the one that Princess Diana wore when she married Prince Charles.
Read More: Julia Louis-Dreyfus Opens Up About Suffering A Miscarriage At Age 28: ‘That Was Emotionally Devastating’
“You and your husband have been married for 35 years,” host Kelly Ripa said to Louis-Dreyfus, reported People, while viewers were shown a photo from the couple’s wedding.
View this post on Instagram
A post shared by Julia Louis-Dreyfus (@officialjld)
“Yes. Look at that wedding dress,” Louis-Dreyfus replied with a laugh.
“You’ll see I fashioned my dress after Princess Diana,” she added.
Read More: Julia Louis-Dreyfus Is Ready To ‘Kick Some A**’ In...
- 5/25/2023
- by Brent Furdyk
- ET Canada
Some unexpected drama quietly unfolded at the recent coronation of King Charles III. Amid all the pomp and circumstance at Westminster Abbey, whispers about a not-so-subtle standoff between Kate Middleton and Camilla Parker Bowles were making the rounds.
Surprisingly, Kate decided to create a no-curtsy zone around Camilla, which quickly sparked rumors of an impending royal feud. This incident occurred in the midst of reports that Princess Anne had confronted Camilla regarding her title change.
Kate Middleton | Odd Anderson/Afp via Getty Images Kate Middleton displayed tension with Camilla Parker Bowles at King Charles III’s coronation
Charles’ coronation reportedly brought some serious tension between Kate and Camilla. As a royal expert pointed out, the Princess of Wales seemed visibly upset with Camilla and opted not to curtsy her at the ceremony.
Author Tom Bower told Dan Wootton that Kate’s choice not to curtsy could be seen as a...
Surprisingly, Kate decided to create a no-curtsy zone around Camilla, which quickly sparked rumors of an impending royal feud. This incident occurred in the midst of reports that Princess Anne had confronted Camilla regarding her title change.
Kate Middleton | Odd Anderson/Afp via Getty Images Kate Middleton displayed tension with Camilla Parker Bowles at King Charles III’s coronation
Charles’ coronation reportedly brought some serious tension between Kate and Camilla. As a royal expert pointed out, the Princess of Wales seemed visibly upset with Camilla and opted not to curtsy her at the ceremony.
Author Tom Bower told Dan Wootton that Kate’s choice not to curtsy could be seen as a...
- 5/21/2023
- by Perry Carpenter
- Showbiz Cheat Sheet
The new, publicly traded company to be created by the planned merger of UFC and WWE will be called Tko Group Holdings, a reference to “technical knockout” in fighting sports. Wrestling also has a “total knock out” move.
Sources close to Endeavor confirmed the name. It’s not a huge surprise, the previously announced ticker symbol is Tko. The company will trade on the New York Stock Exchange.
Endeavor and WWE announced the deal in early April. It calls for Ari Emanuel, chief executive of UFC parent Endeavor, to be CEO of the merged entity and for Vince McMahon, WWE’s controlling shareholder and longtime chief, to serve as executive chairman.
WWE CEO Nick Khan and UFC chief Dana White will serve as presidents of, respectively, WWE and UFC.
The WWE professional wrestling circuit has proven one of the most reliable ratings draws in an era of fragmentation, and is...
Sources close to Endeavor confirmed the name. It’s not a huge surprise, the previously announced ticker symbol is Tko. The company will trade on the New York Stock Exchange.
Endeavor and WWE announced the deal in early April. It calls for Ari Emanuel, chief executive of UFC parent Endeavor, to be CEO of the merged entity and for Vince McMahon, WWE’s controlling shareholder and longtime chief, to serve as executive chairman.
WWE CEO Nick Khan and UFC chief Dana White will serve as presidents of, respectively, WWE and UFC.
The WWE professional wrestling circuit has proven one of the most reliable ratings draws in an era of fragmentation, and is...
- 5/17/2023
- by Jill Goldsmith
- Deadline Film + TV
Former Empire star Jussie Smollett has filed an appeal of his 2021 conviction for faking a hate-crime attack in Chicago in early 2019.
“The renewed prosecution of Mr. Smollett violated his due process rights,” attorney Heather Widell wrote in the court document filed Thursday (read it here), “because (1) Mr. Smollett fully performed his part of a non-prosecution agreement with the state by performing community service and forfeiting his $10,000 bail bond; and (2) the state benefited from taking and keeping Mr. Smollett’s bail bond without performing its end of the bargain. Thus, the violation of due process was prejudicial and requires reversal of Mr. Smollett’s convictions and a dismissal of the charges against him.”
Related Story Fox Nation To Release ‘Jussie Smollett: Anatomy Of A Hoax’ Docuseries Related Story "We've Been Told A Completely Different Story About Danish History": How Frederikke Aspöck & Anna Neye Crafted Göteborg Colonial Satire 'Empire' Related Story...
“The renewed prosecution of Mr. Smollett violated his due process rights,” attorney Heather Widell wrote in the court document filed Thursday (read it here), “because (1) Mr. Smollett fully performed his part of a non-prosecution agreement with the state by performing community service and forfeiting his $10,000 bail bond; and (2) the state benefited from taking and keeping Mr. Smollett’s bail bond without performing its end of the bargain. Thus, the violation of due process was prejudicial and requires reversal of Mr. Smollett’s convictions and a dismissal of the charges against him.”
Related Story Fox Nation To Release ‘Jussie Smollett: Anatomy Of A Hoax’ Docuseries Related Story "We've Been Told A Completely Different Story About Danish History": How Frederikke Aspöck & Anna Neye Crafted Göteborg Colonial Satire 'Empire' Related Story...
- 3/2/2023
- by Erik Pedersen
- Deadline Film + TV
Endeavor CEO Ari Emanuel isn’t making many predictions or taking sides as the WGA deadline approaches.
But on the company’s fourth-quarter earnings call with Wall Street analysts, the exec said his company, parent of talent agency WME, is “well-positioned” in the event of a strike.
“There are important issues on both sides,” Emanuel said. “We support our clients as they work through their issues with the studios.” He added that he has “been through many strikes” over the years, giving him perspective on the current labor scene. “Compared with last time [in 2007-08,] this one’s very different and our company’s very different,” he said. “So, I think we’re pretty well-positioned.”
The WGA and the AMPTP are getting set to begin negotiations on March 20, ahead of the May 1 expiration of the company’s current contract. Emanuel said if a strike does happen, it would likely take place “later in the year,...
But on the company’s fourth-quarter earnings call with Wall Street analysts, the exec said his company, parent of talent agency WME, is “well-positioned” in the event of a strike.
“There are important issues on both sides,” Emanuel said. “We support our clients as they work through their issues with the studios.” He added that he has “been through many strikes” over the years, giving him perspective on the current labor scene. “Compared with last time [in 2007-08,] this one’s very different and our company’s very different,” he said. “So, I think we’re pretty well-positioned.”
The WGA and the AMPTP are getting set to begin negotiations on March 20, ahead of the May 1 expiration of the company’s current contract. Emanuel said if a strike does happen, it would likely take place “later in the year,...
- 2/28/2023
- by Dade Hayes
- Deadline Film + TV
Endeavor Group Holdings, the owner of WME, UFC, Img and other ventures, reported revenue of $1.26 billion in its fourth-quarter earnings, reflecting growth at its three operating units: owned sports, events and experiences, and representation.
The company once again reported a loss in the quarter, of $226 million, though Endeavor notes that it also made $500 million in discretionary debt payments, bringing its leverage from $5.43 billion to $5.17 billion.
Notably, the company also released 2023 guidance, projecting revenue growth in the low double digits, or between $5.825 billion and $5.975 billion, as well as adjusted Ebitda of $1.250 billion to $1.305 billion.
On the company’s earnings call, CEO Ari Emanuel weighed in on two of the biggest question marks in the entertainment industry today: a possible writers strike, and the future of the WWE. Endeavor has been seen as a potential bidder for the wrestling business.
“We support our clients as they work through the issues with the studios,...
The company once again reported a loss in the quarter, of $226 million, though Endeavor notes that it also made $500 million in discretionary debt payments, bringing its leverage from $5.43 billion to $5.17 billion.
Notably, the company also released 2023 guidance, projecting revenue growth in the low double digits, or between $5.825 billion and $5.975 billion, as well as adjusted Ebitda of $1.250 billion to $1.305 billion.
On the company’s earnings call, CEO Ari Emanuel weighed in on two of the biggest question marks in the entertainment industry today: a possible writers strike, and the future of the WWE. Endeavor has been seen as a potential bidder for the wrestling business.
“We support our clients as they work through the issues with the studios,...
- 2/28/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Endeavor sales dipped 16% to $1.26 billion last quarter from the year before due mostly to the absence of its divested Endeavor Content business as it posted an upbeat fourth quarter. A diversified biz and focus on sports and live events limit the ad hit faced by other media companies, and it has yet to feel much of a pinch from any slowdown in content spending by the majors.
“We are encouraged by our performance in our first full year as a public company,” said CEO Ariel Emanuel, referring to Endeavor’s IPO in 2021. “Our business has proven resilient despite ongoing macroeconomic headwinds. As 2023 comes into focus, we remain confident in Endeavor’s ability to deliver long-term value.”
That’s from the press release. Later, on a call slated for 5 pm Et, Endeavor noted that Emanuel’s opening remarks, which he wrote and scripted, won’t be the CEO himself speaking but generated by Speechify,...
“We are encouraged by our performance in our first full year as a public company,” said CEO Ariel Emanuel, referring to Endeavor’s IPO in 2021. “Our business has proven resilient despite ongoing macroeconomic headwinds. As 2023 comes into focus, we remain confident in Endeavor’s ability to deliver long-term value.”
That’s from the press release. Later, on a call slated for 5 pm Et, Endeavor noted that Emanuel’s opening remarks, which he wrote and scripted, won’t be the CEO himself speaking but generated by Speechify,...
- 2/28/2023
- by Jill Goldsmith
- Deadline Film + TV
Endeavor rode the wave of demand for live sports and entertainment experiences to deliver solid revenue and adjusted earnings gains for the fourth quarter and full-year 2022.
The company also made progress on shaving down its debt load, which has been a millstone for the parent of UFC, WME and other major industry players ever since Endeavor went public in 2021. Over the course of 2022, the company made about $500 million in debt payments, most of which were made in Q4, to bring its total long-term debt to just $5.17 billion, from $5.63 billion as of the end of 2021.
For the fourth quarter, Endeavor generated revenue of $1.26 billion, down 16% year over year, a decline due to the sale of its content production business to Korea-based Cj Enm in January 2022. The company’s adjusted earnings before interest, taxes, depreciation and amortization came in at $239.6 million (compared with Ebitda of $229.5 million in Q4 2021). On a net income basis,...
The company also made progress on shaving down its debt load, which has been a millstone for the parent of UFC, WME and other major industry players ever since Endeavor went public in 2021. Over the course of 2022, the company made about $500 million in debt payments, most of which were made in Q4, to bring its total long-term debt to just $5.17 billion, from $5.63 billion as of the end of 2021.
For the fourth quarter, Endeavor generated revenue of $1.26 billion, down 16% year over year, a decline due to the sale of its content production business to Korea-based Cj Enm in January 2022. The company’s adjusted earnings before interest, taxes, depreciation and amortization came in at $239.6 million (compared with Ebitda of $229.5 million in Q4 2021). On a net income basis,...
- 2/28/2023
- by Cynthia Littleton and Todd Spangler
- Variety Film + TV
There are stepping stones to carving out a career as a filmmaker. It frequently involves them creating an idea for a short and perhaps finding collaborators willing to hustle. The first short could reach a small festival. It may get commended. Their next short film reaches a larger festival, with more cache. Bit by bit a reputation is built to a height where, if lucky, they get to develop their first feature.
One such filmmaker who has worked to reach this point is Brazil’s, Rafaela Camelo, selected by Variety as one of 10 Brazilian next gen talents.
Camelo’s “Blood Of My Blood,” is now greenlit to begin shooting later this year. Produced by Brazil’s Moveo Filmes and Apoteótica, Chile’s Pinda Producciones and Vertical Production inn France, it secured funding by winning the Audiovisual Fund for minority co-production of feature films from the Ministry of Culture, Arts and Heritage of Chile,...
One such filmmaker who has worked to reach this point is Brazil’s, Rafaela Camelo, selected by Variety as one of 10 Brazilian next gen talents.
Camelo’s “Blood Of My Blood,” is now greenlit to begin shooting later this year. Produced by Brazil’s Moveo Filmes and Apoteótica, Chile’s Pinda Producciones and Vertical Production inn France, it secured funding by winning the Audiovisual Fund for minority co-production of feature films from the Ministry of Culture, Arts and Heritage of Chile,...
- 2/21/2023
- by Callum McLennan
- Variety Film + TV
While Dana While says losing his UFC perch would be no punishment to him, Endeavor CEO Ari Emanuel has been slammed by the California Legislative Women’s Caucus for continued silence after a leaked video showed the sports boss striking his wife at a New Year’s Eve party in Mexico.
“Every day that Mr. White’s actions go unaccounted for, your silence becomes more piercing and troubling,” the influential Golden State political group said in a letter to Emanuel that was published online.
“In the days since the video was released, you have remained silent,” declared group chair Senator Nancy Skinner, and vice-chair Assemblywoman Cecilia Aguiar-Curry on behalf of 17 female state senators and 32 state Assemblywomen.
“Your continued silence speaks volumes,” they noted before turning Mel Gibson and Kanye West critic Emanuel’s words on him. “As you once wrote: ‘Silence and inaction are not an option.’”
“At this point,...
“Every day that Mr. White’s actions go unaccounted for, your silence becomes more piercing and troubling,” the influential Golden State political group said in a letter to Emanuel that was published online.
“In the days since the video was released, you have remained silent,” declared group chair Senator Nancy Skinner, and vice-chair Assemblywoman Cecilia Aguiar-Curry on behalf of 17 female state senators and 32 state Assemblywomen.
“Your continued silence speaks volumes,” they noted before turning Mel Gibson and Kanye West critic Emanuel’s words on him. “As you once wrote: ‘Silence and inaction are not an option.’”
“At this point,...
- 1/12/2023
- by Jill Goldsmith and Dominic Patten
- Deadline Film + TV
Former WWE CEO Vince McMahon’s stunning return to the company he founded has upended the wrestling giant’s fortunes. At McMahon’s prodding, WWE is now leading “a review of its strategic alternatives” as the wrestling giant finds itself grappling with uncertainty.
The question facing WWE shareholders is not only whether McMahon and the company can execute a sale, or who the buyer might be, but also whether McMahon will emerge (to use some wrestling terms) as a “face,” generating outsize value for shareholders and retiring gracefully, or as a “heel,” throwing a wrench into what could otherwise be a smooth process by inserting himself back on top of his empire.
“My belief is that WWE is Vince’s baby, it is his life’s work, and that he wants to continue to play a part in its future, whether that future is as a standalone public entity, or...
The question facing WWE shareholders is not only whether McMahon and the company can execute a sale, or who the buyer might be, but also whether McMahon will emerge (to use some wrestling terms) as a “face,” generating outsize value for shareholders and retiring gracefully, or as a “heel,” throwing a wrench into what could otherwise be a smooth process by inserting himself back on top of his empire.
“My belief is that WWE is Vince’s baby, it is his life’s work, and that he wants to continue to play a part in its future, whether that future is as a standalone public entity, or...
- 1/10/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Seven days after disturbing footage surfaced of UFC CEO Dana White slapping his wife at a New Year’s Eve party, parent company Endeavor continues to dodge the controversy.
Ari Emanuel’s silence on the matter has raised eyebrows around Hollywood given that the Endeavor CEO has been quick to chime in on various scandals and misconduct over the years, writing two recent op-eds on the scourge of antisemitism that dubbed Kanye West a “cartoonish … clown show” for praising Hitler and having previously called on the industry to shun Mel Gibson “even if it means a sacrifice to their bottom line.”
So what’s behind Emanuel’s newfound reticence to call out bad behavior? Addressing the White controversy could certainly affect Endeavor’s bottom line, considering that UFC is the crown jewel in the entertainment conglomerate’s portfolio. In fact, UFC is one of the biggest contributors to Endeavor’s growth,...
Ari Emanuel’s silence on the matter has raised eyebrows around Hollywood given that the Endeavor CEO has been quick to chime in on various scandals and misconduct over the years, writing two recent op-eds on the scourge of antisemitism that dubbed Kanye West a “cartoonish … clown show” for praising Hitler and having previously called on the industry to shun Mel Gibson “even if it means a sacrifice to their bottom line.”
So what’s behind Emanuel’s newfound reticence to call out bad behavior? Addressing the White controversy could certainly affect Endeavor’s bottom line, considering that UFC is the crown jewel in the entertainment conglomerate’s portfolio. In fact, UFC is one of the biggest contributors to Endeavor’s growth,...
- 1/9/2023
- by Tatiana Siegel
- Variety Film + TV
Ari Emanuel returned to his hometown today to decry “the virus of antisemitism and hate and division” that is “spreading and attacking the foundations of our culture.”
In an op-ed for the Chicago Tribune, the Windy City-born Endeavor CEO called out the “cartoonish Kanye clown show,” Dave Chappelle, the Republican Party and Donald Trump for “the normalization of white supremacy, antisemitism and racism” in American society. “In the last year, we’ve seen how antisemitic conspiracies from the far right about Jewish control of politics, finance and Hollywood have become mainstreamed,” the former agent to the ex-Celebrity Apprentice host wrote (see the full op-ed below)
“So yes, keep our eye on the bigger picture — of course condemn cartoonish antisemitism and racism and hate, but also condemn more subtle and insidious forms of conspiracy theories that have no basis in fact,” Emanuel concluded in the op-ed.
Today’s piece by the sharp-elbowed exec,...
In an op-ed for the Chicago Tribune, the Windy City-born Endeavor CEO called out the “cartoonish Kanye clown show,” Dave Chappelle, the Republican Party and Donald Trump for “the normalization of white supremacy, antisemitism and racism” in American society. “In the last year, we’ve seen how antisemitic conspiracies from the far right about Jewish control of politics, finance and Hollywood have become mainstreamed,” the former agent to the ex-Celebrity Apprentice host wrote (see the full op-ed below)
“So yes, keep our eye on the bigger picture — of course condemn cartoonish antisemitism and racism and hate, but also condemn more subtle and insidious forms of conspiracy theories that have no basis in fact,” Emanuel concluded in the op-ed.
Today’s piece by the sharp-elbowed exec,...
- 12/9/2022
- by Dominic Patten
- Deadline Film + TV
Various sets of cameras, far different from the national-news ones obsessed only with Black homicide rates, have been rolling in Chicago over the last few years. Prominent efforts include “16 Shots” (2019), about the police murder of Laquan McDonald, and the NatGeo documentary miniseries “City So Real” (2020), which exposed the widespread opposition to Mayor Rahm Emanuel that contrasted with his esteemed national image. These, however, are far from the only attempts to put a present-day spotlight on the race and class issues still at play in the inner workings of one of the nation’s most iconic and notorious cities.
Just as “Unapologetic” (2020) put a lens on the rarely covered Movement for Black Lives in Chicago, protesting institutional complicity in racialized state violence with a focus on two female queer activists at the forefront, Chicago native Kevin Shaw’s “Let the Little Light Shine” amplifies another footnoted protest in the city.
Shaw...
Just as “Unapologetic” (2020) put a lens on the rarely covered Movement for Black Lives in Chicago, protesting institutional complicity in racialized state violence with a focus on two female queer activists at the forefront, Chicago native Kevin Shaw’s “Let the Little Light Shine” amplifies another footnoted protest in the city.
Shaw...
- 12/9/2022
- by Ronda Racha Penrice
- The Wrap
Exclusive: Michael Bay has left WME, the agency where he has spent the bulk of his directing career. The exit has been in the works for a couple of weeks. Bay isn’t taking meetings at the moment, and in a memo he sent the agency, he left open the possibility of a return. But it seems unlikely from here.
Bay had been repped for years principally by Ari Emanuel, and this goes back to when his primary was John Fogelman, the latter of whom exited the agency a decade ago. Bay has had a number of point agents, but his main guy has been Rich Cook. Until Cook exited to be one of the founding partners of Range Media Partners. Cook continued to share Bay with WME at Range, but the Transformers director’s run with WME seemed to sour over the experience with his most recent film, the shot-in-the-pandemic actioner Ambulance.
Bay had been repped for years principally by Ari Emanuel, and this goes back to when his primary was John Fogelman, the latter of whom exited the agency a decade ago. Bay has had a number of point agents, but his main guy has been Rich Cook. Until Cook exited to be one of the founding partners of Range Media Partners. Cook continued to share Bay with WME at Range, but the Transformers director’s run with WME seemed to sour over the experience with his most recent film, the shot-in-the-pandemic actioner Ambulance.
- 12/8/2022
- by Mike Fleming Jr
- Deadline Film + TV
Click here to read the full article.
Kanye “Ye” West has been suspended from Twitter after he tweeted a now-deleted post featuring a swastika Thursday evening.
After a chaotic day that saw the rapper appear on Alex Jones’ Infowars show and repeatedly say he liked Adolf Hitler, Ye posted a series of controversial tweets, including supposed text messages between himself and Twitter CEO Elon Musk. Among the tweets, which included praise and support for Balenciaga following the recent backlash against the company, Ye posted a picture of a swastika merged with a Star of David. Twitter deleted the offending post and Ye’s tweet storm came to an abrupt end.
Suspecting he may get suspended, Ye also tweeted an unflattering picture of Musk being hosed by Endeavor CEO Ari Emanuel on a yacht. Emanuel had previously called for a Hollywood-led boycott of Ye after he made a series of anti-Semitic...
Kanye “Ye” West has been suspended from Twitter after he tweeted a now-deleted post featuring a swastika Thursday evening.
After a chaotic day that saw the rapper appear on Alex Jones’ Infowars show and repeatedly say he liked Adolf Hitler, Ye posted a series of controversial tweets, including supposed text messages between himself and Twitter CEO Elon Musk. Among the tweets, which included praise and support for Balenciaga following the recent backlash against the company, Ye posted a picture of a swastika merged with a Star of David. Twitter deleted the offending post and Ye’s tweet storm came to an abrupt end.
Suspecting he may get suspended, Ye also tweeted an unflattering picture of Musk being hosed by Endeavor CEO Ari Emanuel on a yacht. Emanuel had previously called for a Hollywood-led boycott of Ye after he made a series of anti-Semitic...
- 12/2/2022
- by Abid Rahman
- The Hollywood Reporter - Movie News
Exclusive: Ezra Emanuel has been promoted to Production Executive at Miramax. Emanuel previously served as Bill Blocks executive assitant, serving as the day-to-day point man. In his new role he will be reporting to head of production Andrew Golov and Miriam Brin, SVP of Production, helping to source both TV/Film projects for Miramax and assisting all projects to their completion and sale.
Miramax has continued to be one of the most active and robust film and television studios of the last five years. In 2022, the studio has several compelling projects in various stages of production and distribution, including The Holdovers, directed by Alexander Payne and starring Paul Giamatti, which sold to Focus Features in a record breaking deal out of this year’s Toronto International Film Festival; Here, directed by Robert Zemeckis and starring Tom Hanks and Robin Wright from a screenplay by Eric Roth and the action pic The Beekeeper,...
Miramax has continued to be one of the most active and robust film and television studios of the last five years. In 2022, the studio has several compelling projects in various stages of production and distribution, including The Holdovers, directed by Alexander Payne and starring Paul Giamatti, which sold to Focus Features in a record breaking deal out of this year’s Toronto International Film Festival; Here, directed by Robert Zemeckis and starring Tom Hanks and Robin Wright from a screenplay by Eric Roth and the action pic The Beekeeper,...
- 11/29/2022
- by Justin Kroll
- Deadline Film + TV
Click here to read the full article.
Amid a broader economic downturn, Endeavor — the parent company of assets like agencies WME and Img, sports league UFC, events firm On Location and online gambling platform OpenBet — is pausing new hires through the end of the year.
Speaking to The Hollywood Reporter while attending an Rbc Capital Markets investor event, Endeavor president Mark Shapiro said that the firm will put in place a hiring freeze until 2023 but noted that the Beverly Hills-based conglomerate will be backfilling positions. The Endeavor executive emphasized that no broader cost-cutting would be instituted and travel/expenses, bonuses and spending would not be subject to review at this time for the company’s roughly 8,000 employees.
“The state of the business is strong, but we have to be responsible given the time of the year and the national economic environment,” Shapiro told THR.
The Endeavor exec stressed that the...
Amid a broader economic downturn, Endeavor — the parent company of assets like agencies WME and Img, sports league UFC, events firm On Location and online gambling platform OpenBet — is pausing new hires through the end of the year.
Speaking to The Hollywood Reporter while attending an Rbc Capital Markets investor event, Endeavor president Mark Shapiro said that the firm will put in place a hiring freeze until 2023 but noted that the Beverly Hills-based conglomerate will be backfilling positions. The Endeavor executive emphasized that no broader cost-cutting would be instituted and travel/expenses, bonuses and spending would not be subject to review at this time for the company’s roughly 8,000 employees.
“The state of the business is strong, but we have to be responsible given the time of the year and the national economic environment,” Shapiro told THR.
The Endeavor exec stressed that the...
- 11/15/2022
- by Erik Hayden
- The Hollywood Reporter - Movie News
Exclusive: Sam Mendes, the Oscar and Tony award-winning director, has chosen three London theater stars — Michael Balogun (National Theatre Live: Death of England-Delroy), Hadley Fraser (Donmar Theatre’s Coriolanus), and Nigel Lindsay (Chichester Festival Theatre’s Woman In Mind) — to bring his much-garlanded production of The Lehman Trilogy back into the West End. That’s following triumphant runs at the UK’s National Theatre, the Park Avenue Armory and Broadway, and a phenomenal 16-week, sold-out run at London’s Piccadilly Theatre in 2019.
The actors will portray the Bavarian-born Lehman brothers, Emanuel, Mayer, and Henry, who settled in Alabama as cotton merchants, a springboard to what was to become what Balogun termed “a giant machine” on Wall Street. Simon Russell Beale, Adam Godley, and Ben Miles originally performed the multiple roles of the Lehman brothers and their descendants — male and female, old and young — in London and New York.
Written by...
The actors will portray the Bavarian-born Lehman brothers, Emanuel, Mayer, and Henry, who settled in Alabama as cotton merchants, a springboard to what was to become what Balogun termed “a giant machine” on Wall Street. Simon Russell Beale, Adam Godley, and Ben Miles originally performed the multiple roles of the Lehman brothers and their descendants — male and female, old and young — in London and New York.
Written by...
- 11/14/2022
- by Baz Bamigboye
- Deadline Film + TV
Updated with comments from post-earnings conference call: Endeavor CEO Ari Emanuel said today that if there is a dip in content spending underway, his company “isn’t feeling it.” Responding to the question he gets from Wall Street every quarter now, he ticked off all the high-end deals Endeavor’s made across the entertainment spectrum.
“Endeavor is a proxy for content growth and a barometer for overall content, he said — from renewing House of the Dragon co-creator and showrunner Ryan Condal’s overall deal with HBO, to a podcast by sportscaster Stephen A. Smith (Known Mercy With Stephen A. Smith) to Keanu Reeves first television role (Devil in the White City for Hulu). “And it is going up across the board. We are not feeling any decrease in spending.”
Movies, television, sports rights “are the only way to keep people engaged,” Emanuel said on a call after reporting third-quarter financials.
“Endeavor is a proxy for content growth and a barometer for overall content, he said — from renewing House of the Dragon co-creator and showrunner Ryan Condal’s overall deal with HBO, to a podcast by sportscaster Stephen A. Smith (Known Mercy With Stephen A. Smith) to Keanu Reeves first television role (Devil in the White City for Hulu). “And it is going up across the board. We are not feeling any decrease in spending.”
Movies, television, sports rights “are the only way to keep people engaged,” Emanuel said on a call after reporting third-quarter financials.
- 11/10/2022
- by Jill Goldsmith
- Deadline Film + TV
Endeavor, tousled by larger economic headwinds and the sale of its lucrative content producing business this year, reported losses for its third fiscal quarter.
The talent representation, live events and sports conglomerate narrowly missed projections, taking a 12.5 million loss. Endeavor has slightly shifted its full-year forecast for adjusted earnings before interest taxes, depreciation and amortization to a range of 1.145 billion to 1.175 billion, which is up from the estimate of 1.13 billion to 1.17 billion offered in August with Q2 results. Revenue guidance was adjusted down to between 5.235 billion and 5.325 billion from the prior quarter’s 5.235 billion-5.475 billion range.
The company remains highly leveraged with 5.4 billion in debt, though the Ari Emanuel-run shop made good on a promise to pay that down 250 million this quarter and will seek to do the same by year’s end.
“Our business performed well in the quarter despite a turbulent macroeconomic environment,” Emanuel told investors. “Given our...
The talent representation, live events and sports conglomerate narrowly missed projections, taking a 12.5 million loss. Endeavor has slightly shifted its full-year forecast for adjusted earnings before interest taxes, depreciation and amortization to a range of 1.145 billion to 1.175 billion, which is up from the estimate of 1.13 billion to 1.17 billion offered in August with Q2 results. Revenue guidance was adjusted down to between 5.235 billion and 5.325 billion from the prior quarter’s 5.235 billion-5.475 billion range.
The company remains highly leveraged with 5.4 billion in debt, though the Ari Emanuel-run shop made good on a promise to pay that down 250 million this quarter and will seek to do the same by year’s end.
“Our business performed well in the quarter despite a turbulent macroeconomic environment,” Emanuel told investors. “Given our...
- 11/10/2022
- by Matt Donnelly
- Variety Film + TV
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