Martial Arts

TKO Merges UFC® and WWE® Global Partnerships Teams to Create Sports Marketing Powerhouse

Retrieved on: 
Thursday, January 4, 2024

Norris-Jones will work alongside Lou Koskovolis, who is also taking on an expanded role as TKO’s Executive Vice President of Global Partnerships.

Key Points: 
  • Norris-Jones will work alongside Lou Koskovolis, who is also taking on an expanded role as TKO’s Executive Vice President of Global Partnerships.
  • “Since Endeavor acquired UFC in 2016, UFC’s global partnerships business has become a significant growth area,” said Andrew Schleimer, Chief Financial Officer, TKO, “and we believe WWE’s partnerships business has similar potential.
  • Together, UFC and WWE create a sports marketing powerhouse, with hundreds of live events per year and a reach that’s equal to, or better than, the world’s biggest sports properties.
  • Over the last year, WWE has activated with Applebee’s, General Mills, Mattel, Netflix, PepsiCo, Pizza Hut, Slim Jim, and Snickers.

Endeavor Announces Q4 2023 Cash Dividend

Retrieved on: 
Friday, December 1, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million.

Key Points: 
  • Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million.
  • The dividend to Endeavor’s Class A common stockholders, following the distribution from Endeavor Operating Company to the Company, will be $0.06 per share.
  • The dividend will be paid on December 29, 2023 to Class A common stockholders of record as of December 15, 2023.
  • Future declarations of quarterly dividends are subject to the determination and discretion of Endeavor based on its consideration of various factors, such as its results of operations, financial condition, market conditions, earnings, cash flow requirements, restrictions in our debt agreements and legal requirements and other factors that Endeavor deems relevant.

TKO Group Holdings to Participate in UBS Global Media and Communications Conference

Retrieved on: 
Monday, November 20, 2023

TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company, announced that its President and Chief Operating Officer, Mark Shapiro, will participate in the UBS Global Media and Communications Conference on Monday, December 4, 2023 at 12:45 p.m. Eastern Time.

Key Points: 
  • TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company, announced that its President and Chief Operating Officer, Mark Shapiro, will participate in the UBS Global Media and Communications Conference on Monday, December 4, 2023 at 12:45 p.m. Eastern Time.
  • A link to the live session, as well as a replay available for at least 30 days, will be accessible on the company’s investor relations website at investor.tkogrp.com .

TKO Announces Secondary Offering of 8,400,000 Shares of Class A Common Stock by a Selling Stockholder

Retrieved on: 
Thursday, November 9, 2023

The Selling Stockholder will receive all of the net proceeds from this offering.

Key Points: 
  • The Selling Stockholder will receive all of the net proceeds from this offering.
  • A shelf registration statement on Form S-1 (including a prospectus) relating to the offering of Class A Common Stock has been declared effective by the Securities and Exchange Commission.
  • The offering will be made only by means of a prospectus supplement and an accompanying prospectus.
  • All statements in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the proposed underwritten secondary offering of shares of Class A Common Stock.

TKO Announces Pricing of Secondary Offering by Selling Stockholder

Retrieved on: 
Friday, November 10, 2023

Additionally, TKO has agreed to repurchase from the underwriter approximately $100.0 million of shares of Class A Common Stock being sold by the Selling Stockholder at a per-share purchase price equal to the price payable by the underwriter to the Selling Stockholder.

Key Points: 
  • Additionally, TKO has agreed to repurchase from the underwriter approximately $100.0 million of shares of Class A Common Stock being sold by the Selling Stockholder at a per-share purchase price equal to the price payable by the underwriter to the Selling Stockholder.
  • The Selling Stockholder will receive all of the net proceeds from this offering.
  • Morgan Stanley & Co. LLC is acting as book-running manager for this offering.
  • The offering will be made only by means of a prospectus supplement and an accompanying prospectus.

Black Rifle Coffee Company and UFC® Join the Fight Against Service-Related Illness with HunterSeven Foundation

Retrieved on: 
Thursday, November 9, 2023

“As I think back on my time in uniform, I remember those lost not from combat, but from cancer,” said Chelsey Simoni, HunterSeven Foundation Co-Founder and Executive Director.

Key Points: 
  • “As I think back on my time in uniform, I remember those lost not from combat, but from cancer,” said Chelsey Simoni, HunterSeven Foundation Co-Founder and Executive Director.
  • “More than a half million of our fellow warfighters have been diagnosed with cancer during the Global War on Terror.
  • The groundbreaking work that the HunterSeven Foundation is doing is personal to me and to every person who has ever worn this country’s uniform.
  • To learn more about HunterSeven Foundation and to donate, visit: https://hunterseven.org/ufc295 .

Endeavor Releases Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended September 30, 2023.

Key Points: 
  • Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended September 30, 2023.
  • Events, Experiences & Rights segment revenue was $367.1 million for the quarter, down $27.1 million, or 6.9%, compared to the third quarter of 2022.
  • Representation segment revenue was $385.6 million for the quarter, down $2.7 million, or 0.7%, compared to the third quarter of 2022.
  • Adjusted EBITDA was $96.3 million for the quarter, down $36.6 million, or 27.5%, compared to the third quarter of 2022.

TKO Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023

Adjusted EBITDA margin was 43% for the period from September 12, 2023 through September 30, 2023.

Key Points: 
  • Adjusted EBITDA margin was 43% for the period from September 12, 2023 through September 30, 2023.
  • The dividend, which totaled approximately $321 million, was paid on September 29, 2023 to Class A common stockholders of record as of September 22, 2023.
  • As a result of the timing of the consummation of the business combination on September 12, 2023, TKO’s consolidated financial information presented herein include UFC’s results for the three and nine months ended September 30, 2023 and 2022, and only includes WWE’s results for the period from September 12, 2023 through September 30, 2023 following the closing of the transaction.
  • ET on November 7, 2023, to discuss its third quarter 2023 results.

UFC® and Anheuser-Busch Announce Multiyear Partnership

Retrieved on: 
Tuesday, October 24, 2023

UFC CEO Dana White said, “Anheuser-Busch and Bud Light were UFC’s original beer sponsors more than fifteen years ago.

Key Points: 
  • UFC CEO Dana White said, “Anheuser-Busch and Bud Light were UFC’s original beer sponsors more than fifteen years ago.
  • I’m proud to announce we are back in business together.
  • The partnership will be truly global for UFC fans all across the world.
  • To learn more about Bud Light’s partnership with the UFC, follow Bud Light on Facebook at Facebook.com/BudLight, on Twitter at @BudLight, and on Instagram at @BudLight.

ASM Global’s Osceola Heritage Park Celebrates 20 Years as the Most Versatile Entertainment Complex in the Southeast U.S.

Retrieved on: 
Monday, October 23, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231023114575/en/
    Osceola Heritage Park hosts the annual Mecum Kissimmee, known globally as the “The World's Largest Collector Car Auction,” which welcomes 100,000 visitors.
  • (Photo provided by Osceola Heritage Park.)
  • Osceola Heritage Park’s success can be attributed to the wide range of events it can accommodate across its sprawling grounds.
  • We truly do believe that Osceola Heritage Park is a unicorn — there really is nothing quite like it.”