In December, nutritional supplement company, MusclePharm, raised $1.4 million through convertible promissory notes and a registration agreement with accredited investors. “We are very pleased with the successful completion of the agreement with the investor and believe this capital will support our capital requirements for growth,” commented Brad Pyatt, MusclePharm’s Chief Executive Officer. “We appreciate our […]
Zuffa
Zuffa Credit Rating Upgraded to BB
Standard and Poor’s have upgraded Zuffa’s credit rating from “BB-” to “BB” on the strength of the UFC’s strong operating trends, improved profitability internationally, and good credit measures. Report Summary Zuffa has increased profitability in large part due to holding its events in more profitable domestic venues or international markets that facilitate live PPV broadcasting […]
Zuffa Takes the Piracy Fight to Google
In its active fight against piracy, Zuffa has taken a number of approaches to address the problem. I addressed many of these approaches in an earlier article, “Zuffa’s Piracy Fight– Winning The Battle, But Can It Win The War?” In that article, I noted many of Zuffa’s short-term successes but asked whether Zuffa is simply […]
Analyzing the WEC & UFC Merger: Its Effect On the MMA Landscape
Last week, the UFC announced they would be absorbing the World Extreme Cagefighting (WEC) promotion under the parent Zuffa banner, taking on new Lightweight fighters and adding the Featherweight and Bantamweight divisions to the promotion. The WEC released the following statement detailing the merger: “As the UFC continues to evolve and grow globally, we want […]
Zuffa’s Piracy Fight– Winning The Battle, But Can It Win The War?
“The piracy of live sporting events is illegal; it kills jobs, and threatens the expansion of U.S.-based companies.” Lorenzo Fertitta, CEO of Zuffa, LLC, owner of the Ultimate Fighting Championship® (UFC®), prepared statement before the United States House of Representatives Committee on the Judiciary. In a statement before the House Judiciary Committee in December 2009, […]