TechCheck+ Sports Rights Sleeper Hold 4/6/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 6 April 2023
⏱️ 4 minutes
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Summary
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| 0:00.0 | Live Sports has been a lucrative investment over the past decade, but one that's |
| 0:07.7 | mostly been reserved for the super rich that can shell out billions of dollars |
| 0:11.8 | for sports teams and franchises. |
| 0:13.6 | Now that may be changing as you have C and W. W.E combined to create a professional sports |
| 0:19.2 | powerhouse with rights negotiations on the horizon and a way for retail investors to get it on the action. |
| 0:26.0 | This is Tech Check Weekly. |
| 0:27.5 | This week we dig deeper into the Ende |
| 0:30.0 | UFC W.W.E. Live Combat Wrestling Deal. Despite the decline of Linear TV, the move to |
| 0:36.1 | on demand, streaming content, and rise of video games and social media all fighting |
| 0:40.9 | for eyeballs and minutes spent. |
| 0:43.0 | Sports are one of the few live events that can reliably demand an audience. |
| 0:47.0 | As such, sports rights contracts, they have only climbed in value. |
| 0:51.0 | And there's a few new kids on the block. |
| 0:53.0 | Ari Emanuel, the hard charging empire building agent who built his agency into a publicly |
| 0:57.5 | traded media conglomerate partnering with Vince McMahon of the WWE. |
| 1:02.3 | We paid a fair price and I'll tell you why |
| 1:05.0 | we paid a little bit for control premium |
| 1:08.0 | we think we can extract from the business right now |
| 1:10.0 | and grow the business with all of our levers. |
| 1:12.8 | The deal brings together UFC, which Endeavor bought back in 2016 together with the |
| 1:17.8 | W. W.E. to create a Combat Centric live Events Powerhouse. |
| 1:22.9 | It is an all-stock deal with UFC commanding 51% of the new company, but looking at the |
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