As the world is on pause due to concerns over the spread of the Coronavirus, Endeavor Operating Co., LLC and UFC Holdings, LLC may face issues with its credit. S&P Global put Endeavor Operating Co., LLC and UFC Holdings, LLC, including the ‘B’ issuer credit rating on CreditWatch with negative implications. According to a report […]
financial
WWE announces Q4 financial results, hints at potential deal for digital platform
WWE announced its results for the fourth quarter of 2019 on Thursday. It also noted that it may sell the rights to its WWE Network as subscribers have decreased. WWE Chairman and CEO Vince McMahon stated its close to selling its PPV event rights to a “major streaming service.” An announcement could happen as soon […]
UFC 246 draws 1M PPV buys, helps in building ESPN+ subscriber base
The UFC’s relationship with the Walt Disney Company-owned ESPN has been fruitful for both entities. According to Disney’s Fiscal First Quarter 2020 Financial Results, it was revealed that the return of Conor McGregor brought in “about a million pay-per-view purchases and a half a million new subscribers” per CEO Robert Iger. The PPV benchmark would […]
Endeavor calls a halt to IPO
Endeavor has shuttered its IPO which was set for Friday amid concerns of weak stock market demand. Earlier in the day, the company had lowered expectations of its share price prior to making the announcement that it would delay the IPO. The company anticipated raising $600 million with the IPO. But investors seemed unimpressed with […]
Endeavor’s IPO faces weak opening according to report
The New York Post reports that Endeavor’s IPO is facing a weak opening. The company goes public on Friday. Earlier this week, the company anticipate to price the IPO at $30-$32 per share as it will open on the New York Stock Exchange under the EDR ticker symbol. However, the New York Post reports that […]