Elizabeth Wagmeister is joining CNN as correspondent covering entertainment, based in Los Angeles.
25.10.2023 - 22:01 / deadline.com
Endeavor Group said today it has initiated a formal review to evaluate strategic alternatives for the company.
It didn’t offer details, but it did say the review “will not consider the sale or disposition of the company’s interest TKO Group,” the parent of WWE and UFC that is majority (51%) owned by Endeavor.
“Given the continued dislocation between Endeavor’s public market value and the intrinsic value of Endeavor’s underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximizing value for our shareholders,” said CEO Ariel Emanuel.
Endeavor’s acquisition of WWE this year and airing it with UFC to create the publicly traded TKO was designed to boost Endeavor’s share price by putting a market value on its most valuable asset. But the move has proved disappointing. Endeavor’s stock closed at $17.72 today, just pennies above its 52-week low. The shares did jump by a hefty 26% in after-market trading on news of the strategic review.
TKO shares launched on the NYSE Sept. 12 at well over $100. They closed today at $78.64 (rising 2% in the after market). WWE and UFC both have rights deals heading towards expiration and despite the popularity of their programming have been taking longer than expected to reup. In an agreemeent announced in late September, WWE and NBCUniversal agreed to a five-year domestic media rights deal to will bring Friday Night SmackDown to USA Network starting in Oct. of 2024, exiting its current home on Fox. But the pricetag, said to be about $200 million, left Wall Street unimpressed.
Raw, the top-rated flagship property that airs Mondays on USA Network through Sept. of 2024, wasn’t part of the deal.
Endeavor stock has suffered in part from what
Elizabeth Wagmeister is joining CNN as correspondent covering entertainment, based in Los Angeles.
Rafa Sales Ross Guest Contributor Roger Ross Williams is having quite the year. So far, the Oscar-winning director has released his first fiction film, Amazon Studios’ “Cassandro”; the HBO documentary “Love to Love You, Donna Summer”; AppleTV+ docuseries “The Super Models”; and Hulu miniseries “The 1619 Project.” Joining Williams’ impressive output this year is Netflix’s “Stamped From the Beginning,” an adaptation of the eponymous bestselling book by Ibram X. Kendi about the history of racism and anti-Blackness in the U.S.
Adam B. Vary Senior Entertainment Writer Timothée Chalamet embraced his inner-twink while hosting the Nov. 11 episode of “Saturday Night Live,” in a sketch in which the Oscar-nominated actor played openly gay Australian pop star Troye Sivan.
James Gunn is finally talking about the developments at DC Studios after SAG-AFTRA struck a deal with the studios following a prolonged strike.
In 2020, musician and composer Jon Batiste won an Academy Award, a Golden Globe, a Grammy, and a BAFTA Film Award for co-composing Pixar’s “Soul.” Not to rest on his laurels in 2022, he dominated the Grammy Awards entirely with 11 nominations, the most of the year. The day the nominations were announced, however, Batiste’s partner, writer Suleika Jaoaud, went through her first round of chemotherapy.
Sam Heughan has wasted no time getting back to work after the long-running Sag-Aftra strike in Hollywood came to an end this week.
EXCLUSIVE: Lone Scherfig‘s The Shift has been renewed for a second season and distributor Beta Film has struck a deal for the first with North American streamer MHz Choice and Australia’s SBS. The Killing star Sofie Gråbøl, who led the first run, is returning as guest.
Jeff Zucker, former head of CNN who now runs media investment fund RedBird IMI, believes the media is overplaying polls showing former President Donald Trump leading Joe Biden.
Glastonbury Festival organiser Emily Eavis has responded to the most recent news about the festival’s headliners saying they’re “untrue”.Yesterday (November 4), reports emerged that suggested Madonna was to headline next year’s festival at Worthy Farm alongside Dua Lipa and Coldplay.However, in a statement posted to social media today (November 5), Eavis quelled the rumours, saying they were still working on the final line-up.Eavis wrote: “As always, there is much speculation and excitement about who is playing at Glastonbury. We are working on the line-up day and night at the moment, but it’s still changing every day.“The story about our confirmed headliners is untrue.
A funeral service for Matthew Perry took place on Friday in Los Angeles, with the late actor's friends and family gathering to lay him to rest.The Friends star, famed for portraying Chandler Bing in the hit US sitcom, tragically passed away on 28 October at his home in LA at the age of 54. His five Friends co-stars - Lisa Kudrow, Jennifer Aniston, Matt Le Blanc, Courteney Cox and David Schwimmer - were all in attendance, along with his parents, Suzanne Perry and John Bennett Perry. Matthew's stepfather Keith Morrison was also among the 20 mourners at the service, as reported by TMZ.
Amy Schumer is clapping back at her haters! And it’s… not going well for her.
American sitcom Friends director James Burrows has revealed that the cast of the show were left “destroyed”, following the sudden passing of Matthew Perry.The actor, who is known for playing Chandler Bing in Friends, was found lifeless in his jacuzzi on Saturday, 28 October, with no illegal substances present and no foul play suspected. Following Matthews tragic passing at 54, director James spoke with NBC’s Liz Kreutz for Today where he expressed his “utter shock” and revealed what Matthew’s former cast members said in a text.
Green Day is hitting the road!
Have we misjudged Matthew Perry‘s final big relationship?
Oasis fans have taken to social media to join the outpouring of tributes to the actor Matthew Perry who died at the weekend.Perry, known widely for his portrayal of Chandler Bing in the hit US sitcom, Friends, was found dead at his home in Los Angeles on Saturday (October 29).But fans of the Oasis have been remembering Perry for a specific reason, the time he hosted Saturday Night Live and presented them as the musical entertainment for the evening.A post shared by Oasis Mania Fanpage (@oasismaniaofficial)The episode, which took place on October 4 1997, included various comedy skits, including Perry hosting a sarcasm class, fitting with his typical comedic style, and a parody take on Friends.But some Oasis fans are more focused on the end of the episode, where Perry closed the show, with Liam and Noel Gallagher standing either side of him. The duo had just that year released their third studio album ‘Be Here Now’, and performed the tracks, ‘Acquiesce’ and ‘Don’t Go Away.’The caption of the Instagram post read: “Rest in peace Matthew Perry.
Matthew Perry was happy and sober before his death, according to Friends creator Marta Kauffman. The TV executive, who created the beloved sitcom with David Crane, spoke to the actor just two weeks before his death at the weekend at the age of 54, which sparked an outpouring of grief from fans around the world.
The cast of Friends have paid tribute to Matthew Perry after he tragically died at the weekend at the age of 54. The star - who was best known for his role as the witty Chandler Bing in the hit US sitcom - was found dead at his home in Los Angeles over the weekend.
Matthew Perry, star of the hit US comedy series Friends, has been found dead at his Los Angeles home aged 54.
Friends co-stars Maggie Wheeler and Morgan Fairchild have paid tribute to their co-star Matthew Perry, who has passed away at the age of 54. The actor, best known for his role as Chandler Bing in the hit US comedy Friends, died following a tragic accident at his home in Los Angeles on 28 October. Maggie Wheeler, who played Janice Hosenstein, Chandler's on-off girlfriend in the early series, shared her heartfelt tribute on Instagram.
Killers of the Flower Moon with an intermission are “in violation” and argued that it “is not right”.The three-times Oscar winner is concerned by reports that several cinemas have decided to break up Martin Scorsese’s latest with an intermission, cutting up the film’s three and a half hour-long run time.Killers of the Flower Moon is based on the true story of the murder of more than 60 Native Americans in 1920s Oklahoma and stars Robert De Niro and Leonardo DiCaprio as an uncle and nephew plotting to steal the oil underneath the tribe’s land. Previously, Scorsese has defended the film’s lengthy runtime.Speaking to The Standard, Schoonmaker, who has worked on every Scorsese film since 1980’s Raging Bull, voiced her concern at the news.Schoonmaker said: “I understand that somebody’s running it with an intermission which is not right.