Lisa Vanderpump wears a colorful blazer while arriving at a studio to film the Vanderpump Rules season 11 reunion on Saturday (March 16) in Burbank, Calif.
27.02.2024 - 21:25 / variety.com
Cynthia Littleton Business Editor UFC and WWE logged record revenue and sponsorship deals in 2023, which added up to a strong fourth quarter for TKO, the newly formed parent company of both sports brands. The strong numbers for WWE stand in contrast to the controversy that erupted last month when disturbing sexual assault allegations were leveled against former WWE chairman Vince McMahon in a lawsuit by a former WWE employee.
McMahon, who was the longtime leader of WWE prior to its September marger with UFC, has strongly denied the claims, but WWE and TKO leaders were quick to distance the company from its longtime leader and majority owner, forcing him to resign as chairman of TKO. McMahon still holds a considerable stake in the company, which was formed last September after the WWE-UFC merger.
Endeavor, which reports Q4 earnings on Feb. 28, has majority interest in TKO and consolidates its results.
In reporting Q4 and full-year 2023 earnings on Tuesday, TKO issued its first-ever financial guidance to investors, projecting revenue of $2.575 billion to $2.650 billion and adjusted earnings before interest, taxes, depreciation and amortization of $1.150 billion to $1.170 billion. Moreover, the company asserts that will have an enviable rate of revenue to free cash flow conversion “in excess of 50%.” The final months of 2023 were a heady period for WWE and UFC, prior to the latest scandal to engulf McMahon, who previously faced sexual abuse allegations and WWE had to belatedly acknowledge settlement payments that were made in connection with claims against McMahon.
In October, UFC signed what is described as the biggest sponsorship pact in its 30-year history with beer giant Anheuser-Busch. UFC and WWE both logged record
.Lisa Vanderpump wears a colorful blazer while arriving at a studio to film the Vanderpump Rules season 11 reunion on Saturday (March 16) in Burbank, Calif.
Georgia Steel walked away with her man at the end of this year’s Love Island: All Stars series. But the online trolling she was subjected to about her time in the villa was so bad it left her scared to leave her house and resulted in her taking a break from social media. No stranger to the world of showbiz, Georgia, 25, first appeared on the programme as a 19-year-old in 2018, when her iconic phrase I’m loyal, babes!” went down in the show’s history books.
Could The Toms be close to losing their restaurant?
EXCLUSIVE: At the 2021 Edinburgh TV Festival, the BBC and Netflix unveiled what the pair described as a landmark five-year disability partnership that would unearth a new generation of shows helmed by disabled talent.
Cynthia Littleton Business Editor John Oates carefully sidestepped the elephant in the room on Wednesday during his keynote conversation at SXSW, even as the veteran hitmaker offered anecdotes and pearls of wisdom from his more than 50 years in the music business. Oates made no overt mention to the lawsuit and enmity that has erupted between him and longtime professional partner Daryl Hall during his hourlong Q&A, held at the Austin Convention Center as part of the SXSW festival in Austin, Texas.
EXCLUSIVE: Prime Video UK and Ireland is returning to the British true crime space for its latest original.
Jaden Thompson “Vanderpump Rules” stars Scheana Shay and her husband, Brock Davies, have been cast as guest stars in an upcoming “Lopez vs. Lopez” episode, set to air on April 23. In the NBC comedy series starring George Lopez and his daughter Mayan Lopez, Shay and Davies join Season 2 as characters named Erica and Justin, respectively.
Although Tom Sandoval and Ariana Madix have steered clear of each other so far this season of Vanderpump Rules, the former couple are about to come face to face for the first time in the upcoming episodes! And things appear to be still extremely nasty between them months after Scandoval broke, y’all!
Cynthia Littleton Business Editor Issues around the use of AI in the production process is the big sticking point in SAG-AFTRA’s negotiations with the largest video game companies, SAG-AFTRA chief Duncan Crabtree-Ireland said Saturday during a wide-ranging Q&A at SXSW in Austin, Texas. Crabtree-Ireland, who is national executive director and chief negotiator of the performers union, said he put the chances of union members striking against key game companies is “50-50, or more likely than that we will go on strike in the next four to six weeks because of our inability to get past these issues,” Crabtree-Ireland told Brendan Vaughan, editor-in-chief of Fast Company, during a conversation focused on AI.
massive contract with Netflix, which he originally signed in 2014 for $250 million and renewed in 2020.Last year, three of Sandler’s movies had enormous success: “Murder Mystery 2” with Jennifer Aniston; “You’re So Not Invited to My Bat Mitzvah,” featuring his wife and two daughters; and the animated flick “Leo.”According to Forbes, Netflix users streamed over 500 million hours of Sandler content last year.When you’re the star and producer of the year’s most successful movie, you’re bound to see monetary success of your own. Margot Robbie not only landed herself at No.
Todd Spangler NY Digital Editor Vince McMahon, the founder of WWE who resigned from the board of TKO Group earlier this year amid sexual assault allegations against him, filed to sell $411.95 million worth of TKO stock, according to a regulatory filing. McMahon’s sale comprised 5.35 million shares of TKO, per an SEC filing Monday. That came after he sold 8.4 million shares of Class A common stock in TKO — in sale worth $670.3 million — last November.
Olly Alexander has shared the new solo track ‘Dizzy’, which will also serve as the UK’s official entry for Eurovision 2024. Check it out below.Released today (March 1), the track was written by Alexander in collaboration with electronic producer Danny L Harle (Charli XCX, Dua Lipa, Caroline Polachek), and looks to capture that same intoxicating rush felt when with someone new.Inspired by the club classics of the ‘00s, the song also comes alongside a new music video – capturing a head-spinning representation of the emotions described in the lyrics and blurring the line between fantasy and reality.“I wrote the song last summer with Danny L Harle, we started off with the word ‘Dizzy’ because it just popped into my head and I liked it.
Cynthia Littleton Business Editor The inevitable M&A question came toward the end of Paramount Global‘s hourlong conference call with Wall Street analysts on Wednesday — a session that undoubtedly would have been more contentious for Paramount leaders if they hadn’t started out by serving up sacrifices for the greater good of free cash flow and profit. Paramount Global CEO Bob Bakish waved off the inquiry from Bank of America Merrill Lynch media analyst Jessica Reif Ehrlich about the tidal wave of media speculation about suitors coming (and going) for the company with a breezy “We’re always looking for ways to create shareholder value.” But it was clear from the earlier commentary and business updates from Bakish and chief financial officer Naveen Chopra that they are charting a course for this year and next to take streamer Paramount+ to the promised land of profitability and keeps the company entact as a standalone entity.
Cynthia Littleton Business Editor Endeavor‘s fourth-quarter results reflected the company’s growth in sports through the acquisition of WWE last September, but its bottom line was hit by nearly $30 million in legal and restructuring costs and $47 million in write-offs from its Events, Experiences and Rights division. Last year Endeavor also paid out $101 million in advisory fees and bonuses related to the WWE merger with Endeavor’s UFC as well as the sale of its IMG Academy business.
TKO Group Holdings exec Mark Shapiro said the company is “on the sideline” waiting to see if former Executive Chairman Vince McMahon will sell any more of his massive stock holding in the company.
Cynthia Littleton Business Editor The contract talks finally reached the handshake point at 3 a.m. PT on Feb. 23.
Endeavor-controlled ring sports giant TKO Group Holdings reported $614 million in total revenue in the fourth quarter, along with a slight dip in UFC profits.
Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock in up in after-market trading.
, he goes and gives an interview to the comparing himself to Danny Masterson, O.J. Simpson, and George Floyd.
Cynthia Littleton Business Editor Judi Pulver, a singer-songwriter who became the top music sales executive for Variety and The Hollywood Reporter, died Tuesday in Santa Monica, Calif. She was 77. Pulver spent about 15 years with Variety, steering all music-related sales and marketing activity.