In all of the information Mark Shapiro informed investors at the JP Morgan conference earlier this week, one of the notable things he brought up was a forthcoming economic impact study that stated it brought $320M to Las Vegas for this year’s Wrestlemania. The economic impact study tends to be commissioned by WWE. And while […]
financial
TKO Group purchases PBR, On Location, and IMG
Sports Business Journal reports that the TKO Group (owners of WWE and UFC) are set to purchase Professional Bull Riders, On Location, and IMG in an “all-equity transaction valued at $3.25B” from Endeavor. The transaction is expected to close in the first half of 2025. Endeavor’s ownership in TKO will increase from 53% to 59%. […]
Shouldering bulk of UFC antitrust settlement, TKO Group still posts increasing revenues
TKO Group Holdings, the company that houses the UFC and WWE, announced earning for Q1 which beat analyst expectations. It did post a $249 million loss due to the UFC’s settlement of the antitrust lawsuits filed by former fighters. Yet, TKO announced earnings of $629.7 million and an adjusted EBITDA of $282.2 million. The company […]
McMahon, Khan file to sell TKO stock
Wrestlenomics noted 10 days ago that Vince McMahon and Nick Khan were putting up stock for sale. On Friday, Sportico reports that McMahon was selling the last of his shares in TKO Group Holdings. Khan also filed to sell all of his holdings. This would be the last installment of sales by McMahon who resigned […]
Hong Kong company acquires Triller
The LA Times reports that Triller is being purchased by a Hong Kong financial services company. The agreement must be approved by the boards and must go through regulatory approval. Once the deal goes through Triller will be a subsidiary of AGBA Group Holding Ltd. The company’s presence in Los Angeles, which has 200 employees, […]