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Endeavor CEO Ari Emanuel Earned $ 14 Million in 2020 – Deadline

Endeavor CEO Ari Emanuel’s 2020 salary package was $ 14.38 million, the company revealed in an SEC filing signing up for a freshly done IPO with writers and then that his activities are slowly returning to normal after real punishment by Covid.

Emanuel earned $ 1.17 in base salary from January through mid-April. He chose to forgo base salary for the rest of the year due to the pandemic’s toll. He received a bonus of $ 5.8 million and stock awards of approximately $ 6.7 million. The file said the bonus was “discretionary” and awarded “for his leadership and contributions to the COVID-19 disruption.”

State-owned companies, of which Endeavor may finally join the ranks, are required to list the salaries of their five highest-paid executives. The company has waived an IPO scheduled for 2019,

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The company said executive chairman Patrick Whitesell earned $ 3.2 million in base salary and bonuses. CFO Jason Lublin made $ 2.6 million. President Mark Shapiro earned $ 18 million on an equity award of $ 12.8 million. General Counsel Seth Krauss won $ 3.1 million.

Emanuel and Whitesell, along with private equity firm Silver Lake, each own a portion of the company. The preliminary prospectus does not include a price or size range for the IPO. The Property and Economic Interest tables are still empty – all will be updated in future repositories. So while it is unclear what Endeavor’s expected profits are, the company has said it will use them for working capital, general corporate purposes, or possibly to buy “complementary businesses or assets.” .

Endeavor said it would raise $ 1.75 billion in a private placement of shares alongside the IPO to buy out the rest of the UFC. Companies participating in the private placement include Silver Lake, as well as Tencent, Elliott Investment, Mudabala Investment, Capital Research and Management, Third Point, Tako Ventures and Zeke Capital.

Financial data in the prospectus showed revenues of $ 4.47 billion, operating expenses of $ 3.6 billion, and loss from continuing operations of $ 655 million for 2020.

Total long-term debt at year-end was $ 5.7 billion. Debt accumulated as the company diversified weighed on it during Covid, when credit rating agencies looked more favorably on companies with bigger cash buffers.

The prospectus described an internal reorganization last fall that consolidated the company’s assets into three divisions: Owned Sports Properties; Events, experiences and rights; and representation.

Owned Sports stands for UFC, PBR and Euroleague Ventures, which license broadcast and other intellectual property rights and operate exclusive live events.

Events, Experiences & Rights hosts sports and fashion events, art fairs, and music, food and lifestyle festivals.

Talent representation includes WME, IMG and Endeavor content. Last month, WME signed a new franchise agreement with the WGA, the last of the Big Four to sign, ending a long and painful standoff. The deal prohibits the company from negotiating packaging deals after June 30, 2022 and owning more than a 20% stake in the production or distribution of works by WGA members.

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