ESPN SVP/DTC John Lasker participated in a conference call where he emphasized the inclusion of WWE into ESPN programming. This would include the sports network reporting on WWE events. Lasker stated that the transition to its new digital platform would be everywhere. “We’re not 100% there today, but over the next couple of months, the vast […]
TKO
TKO announces stock buyback
TKO Group Holdings, Inc. announced that it has entered into a stock repurchase agreement for $800 million of its outstanding Class A common stock. The company will pay $800M to Morgan Stanley and expects delivery of 3.16M shares. TKO also announced under a 10b5-1 trading plan to repurchase up to $174M outstanding class A shares. […]
Crawford-Canelo set record for Vegas
The Terence Crawford-Canelo Alvarez fight drew a record 70,482 fans which set a record for the largest boxing attendance in U.S. history for an indoor event. It also became the largest boxing crowd in Las Vegas history. The fight broke the previous record set with Larry Holmes and Gerry Cooney fighting outside of Caesars Palace […]
Shapiro talks UFC media rights at Goldman Sachs Conference
TKO head Mark Shaprio spoke at a Goldman Sachs conference on Wednesday discussing the success of the TKO properties. Shapiro gave a post-transaction report on how Paramount+ and CBS earned the rights for UFC. Shapiro indicated that ESPN was “always in the mix” but when it became clear that the company would double its rights […]
TKO doubles dividend for investors
Sportico reports that the parent company for the UFC and WWE, TKO, will double its dividend to Class A shareholders. The increase means the next quarterly payment will be $0.76 a share. The dividend will return $150 million in capital to shareholders according to TKO. The news comes after the UFC signed a $1.1 billion […]