Review includes Miami Open and Madrid Open
tennis tournaments and Frieze, the world’s leading platform for
modern and contemporary art
Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the
“Company”), a global sports and entertainment company, today
announced that it has commenced a review and potential sale of
certain events within its IMG portfolio, including but not limited
to the Miami Open and Madrid Open, two legendary ATP Masters 1000
and WTA 1000 tennis tournaments, and Frieze, the world’s leading
platform for modern and contemporary art.
This review follows the announcement in April 2024 of Silver
Lake’s agreement to take Endeavor private, which includes
provisions related to the potential sale of certain businesses,
excluding premium sports and entertainment company TKO Group
Holdings and entertainment agency WME.
“Endeavor’s portfolio includes iconic, global, and must-attend
events spanning sports, entertainment, and the arts,” said Mark
Shapiro, President and Chief Operating Officer, Endeavor. “As part
of Endeavor, Frieze and the Miami and Madrid Open tournaments have
each grown significantly, from Frieze launching successful fairs in
Los Angeles and Seoul to the Miami and Madrid Opens setting
year-over-year attendance and sponsorship records. We are proud of
this progress and confident that these unique assets are
well-positioned for success in the future.”
Endeavor has retained The Raine Group to assist with the
exploratory process.
No definitive timetable has been set for completion of this
review process, and there is no assurance that the review will
result in any specific action. Endeavor does not intend to comment
further regarding the potential sale of its event assets as
described herein unless and until it determines that further
disclosure is necessary or advisable.
About Endeavor
Endeavor (NYSE: EDR) is a global sports and entertainment
company, home to many of the world’s most dynamic and engaging
storytellers, brands, live events, and experiences. The Endeavor
network specializes in talent representation through entertainment
agency WME; sports operations and advisory, event management, media
production and distribution, and brand licensing through IMG; live
event experiences and hospitality through On Location; full-service
marketing through global cultural marketing agency 160over90; and
sports data and technology through OpenBet. Endeavor is also the
majority owner of TKO Group Holdings (NYSE: TKO), a premium sports
and entertainment company comprising UFC and WWE.
About the Miami Open
The 2025 Miami Open will be played March 16 – March 30 at Hard
Rock Stadium. The 15-day combined event is owned and operated by
IMG. The Miami Open is one of nine ATP Masters 1000 Series events
on the ATP calendar, a WTA 1000 event on the WTA calendar, and
features the top men’s and women’s tennis players in the world. The
tournament is widely regarded as the most glamorous on the ATP and
WTA calendars because of Miami’s unique personality, thriving
nightlife, five-star hotels and restaurants, beautiful weather and
beaches, and celebrity appeal, as well as its close proximity to
both Fort Lauderdale and West Palm Beach. For more information,
visit MiamiOpen.com.
About the Madrid Open
The Madrid Open is an ATP Masters 1000 and WTA 1000 tournament
that will hold its 23rd edition from April 21 – May 4, 2025, in
Madrid, Spain. What began as an indoor Masters 1000 event in 2002
has grown in recent years to become one of the biggest combined
(ATP and WTA) tournaments in the world of tennis. After moving to
the Caja Mágica in 2009, adding the women’s competition and moving
to clay courts in spring, the Mutua Madrid Open has become a
must-see event for tennis fans around the world. Currently
recognised as one of Spain’s biggest sports events, the tournament
welcomed a record 380,073 fans in 2024 and is broadcast in more
than 180 countries every year. The two-week combined event is owned
and operated by IMG. For more information, visit
MutuaMadridOpen.com.
About Frieze
Frieze is a leading global contemporary art organisation,
renowned for its art fairs, publications and digital presence.
Founded in 1991 with the launch of frieze magazine, the brand has
grown to encompass seven of the most significant art fairs
worldwide in cities including Chicago, London, Los Angeles, New
York and Seoul. These events attract leading artists, galleries and
collectors, fostering innovative dialogues and practices within the
art community. Frieze magazine continues to set the benchmark for
insightful art criticism and commentary, while frieze.com serves as
a vital online resource. Committed to expanding the reach and
understanding of contemporary art, Frieze also hosts year-round
curated programs and associated initiatives, such as No.9 Cork
Street and Frieze 91, that enrich the cultural landscape.
With a dedicated team passionate about the arts, Frieze remains
at the forefront of artistic exploration and cultural discourse,
connecting diverse audiences with groundbreaking artists and their
work. Frieze is part of the IMG network. For more information,
visit frieze.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Endeavor intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements contained in Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. All statements in this press release that do not relate
to matters of historical fact should be considered forward-looking
statements, including the potential sale of Endeavor’s event assets
described herein. The words “believe,” “may,” “will,” “estimate,”
“potential,” “continue,” “anticipate,” “intend,” “expect,” “could,”
“would,” “project,” “plan,” “target,” and similar expressions are
intended to identify forward-looking statements, though not all
forward-looking statements use these words or expressions. These
forward-looking statements are based on management’s current
expectations. These statements are neither promises nor guarantees
and involve known and unknown risks, uncertainties and other
important factors that may cause actual results, performance or
achievements to be materially different from what is expressed or
implied by the forward-looking statements, including, but not
limited to important factors discussed in Part I, Item 1A “Risk
Factors” in Endeavor’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2023, as any such factors may be updated
from time to time in the Company’s other filings with the SEC,
including, without limitation, the Company’s Quarterly Report on
Form 10-Q for the quarterly period ended June 30, 2024, accessible
on the SEC’s website at www.sec.gov and Endeavor’s Investor
Relations site at investor.endeavorco.com. Forward-looking
statements speak only as of the date they are made and, except as
may be required under applicable law, Endeavor undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Website Disclosure
Investors and others should note that Endeavor announces
material financial and operational information to its investors
using press releases, SEC filings and public conference calls and
webcasts, as well as its Investor Relations site at
investor.endeavorco.com. Endeavor may also use its website as a
distribution channel of material Company information. In addition,
you may automatically receive email alerts and other information
about Endeavor when you enroll your email address by visiting the
“Investor Email Alerts” option under the Resources tab on
investor.endeavorco.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241023580094/en/
Investors: investor@endeavorco.com Press: Maura McGreevy /
press@endeavorco.com All other inquiries: Christopher Donini, Evan
Ellsworth / endeavor@raine.com
Grafico Azioni Endeavor (NYSE:EDR)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Endeavor (NYSE:EDR)
Storico
Da Dic 2023 a Dic 2024
