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Mark Shapiro

Endeavor CEO Ari Emanuel: Content Boom to Boost 2022 Earnings

Endeavor reported Q4 and full-year 2021 earnings Wednesday that reflected a resurgent talent representation business, though it swung back to a loss after recording a profit in Q3. The company had revenue of $1.5 billion in Q4, and a net loss of $16.7 million, after posting a profit of $64 million in the prior quarter. […]

Endeavor Acquiring Minor League Baseball Teams, Creates New Subsidiary

Endeavor is getting into the baseball business. The owner of WME, UFC and IMG says that it is creating a new subsidiary, Diamond Baseball Holdings, which will own and operate a number of MLB Professional Development League clubs. Terms of the deals were not disclosed. The company will operate the Triple Affiliates of the New […]

South Korea’s CJ ENM to Acquire Controlling Stake in Endeavor Content

Endeavor has struck a deal to sell a majority stake in its Endeavor Content studio to South Korean media giant CJ ENM, the company behind films like Parasite and Snowpiercer, for $775 million. The deal values the company at $850 million. Endeavor will retain a 20 percent stake in Endeavor Content and is also holding […]

Endeavor’s Representation Business Bounces Back As Earnings Top Forecast

Bolstered by a resurgent representation business, Endeavor handily beat Wall Street forecasts in its Q3 2021 earnings, delivering revenue of $1.39 billion and net income of $63.6 million, swinging the company back to profitability. Wall Street consensus was for revenue of $1.3 billion. The company, led by CEO Ari Emanuel, executive chairman Patrick Whitesell, and […]

Rachel Maddow Signs New Deal With MSNBC

Rachel Maddow won’t be leaving MSNBC any time soon. The 9 PM host and bedrock of the channel’s primetime lineup has signed a new multi-year deal with the NBCUniversal-owned cable channel, multiple sources familiar with the matter confirm to The Hollywood Reporter. The news just a few weeks after contract negotiations had spilled into public […]

Despite Delta Variant Concerns, Endeavor Raises Guidance For Year

In its second quarterly earnings report since going public in April, Endeavor reported revenue of $1.1 billion, just missing Wall Street expectations for revenue. Endeavor CEO Jason Lublin said that three shows from Endeavor Content were pushed into Q3, and were responsible for some $90 million in revenue. And while the company turned a modest […]

Rachel Maddow Enlists Ari Emanuel and Mark Shapiro As MSNBC Contract Talks Heat Up

MSNBC’s top primetime host, Rachel Maddow, has brought on Endeavor CEO Ari Emanuel and president Mark Shapiro to help represent her in contract talks with MSNBC and parent company NBCUniversal, The Hollywood Reporter has confirmed. “Nothing has been decided. We are deep into it with NBCUniversal and Rachel has an excellent relationship with them,” Shapiro […]

Endeavor’s On Location Business Buys Ticketing Software Firm as Part of “Tuck-In” Acquisition Strategy

Endeavor keeps acquiring new businesses in a bid to bolster its core strategic areas, particularly sports and live events. The latest deal will see On Location, Endeavor’s experiential events firm, acquiring Qcue, a company that develops software for dynamic ticket pricing in the sports, events and entertainment space. Terms of the deal were not disclosed, […]

Endeavor Swings to Slim Profit Thanks to UFC in First Earnings Report Since IPO

In its first quarterly earnings report since going public in April, Endeavor posted net income of $2.4 million, a significant improvement from the same quarter a year ago, when the company posted a net loss of more than $51 million. The pandemic continues to batter many of its businesses, although a strong performance from the […]