“Our agreement to sell IMG Academy, together with the planned share repurchase and quarterly dividend announced today, are strong examples of our commitment to maximizing return for our shareholders.
“This quarter, we continued to deliver solid results and set a number of financial and attendance records across our owned sports properties and marquee events,” Emanuel said in the earnings release. CEO Ari Emanuel will surely address that on a call with analysts this afternoon. WWE CEO Nick Khan has said the league doesn’t use WGA writers, so the guild strike that started last week won’t have an impact.Įndeavor’s talent representation business would feel a squeeze. Endeavor will own 51% of the combined company. The UFC-WWE professional wrestle-fest is awaiting a greenlight from regulators, and partners hope to close in the fourth quarter. It didn’t specify the per-share payout.(In a complex time for media companies, Paramount Global last week announced it was slashing its divident payment by 80%, a move that would save it $500 million a year). The dividend is Endeavors first since it went public in April of 2021.
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