Two years ago, Ari Emanuel’s entertainment conglomerate Endeavor debuted on the public market, becoming the first Hollywood talent agency to do so. As of the day of the company’s announcement, Endeavor’s stock price had fallen to $17.72 a share, down 30% from when it closed at $25.20 on its opening day. It later bought other companies, among them mixed martial arts league Ultimate Fighting Championship, making it a diversified, expansive entertainment company. “We’re worth a lot more and we have more morals and we have a better business,” Emanuel said. Still, broader entertainment industry troubles, including the recently resolved writers’ strike and the ongoing actors’ strike, continue to hurt Endeavor’s business.

Source: Los Angeles Times November 05, 2023 11:51 UTC