WWE Announces Premium Hospitality Deal With On Location Experiences
On Location Experiences is getting into the wrestling business, announcing a deal with World Wrestling Entertainment (WWE) for hospitality packages to major events run by the promotion. The multi-year agreement makes WWE the latest large event operator to ink a deal with On Location, which markets itself as the... Read more
Report: NFL Owners Upping Stake in On Location Experiences
NFL owners have reportedly made the decision to dramatically increase their ownership stake in On Location Experiences, the hospitality company that controls much of the Super Bowl ticket market as well as many other high profile events. The Athletic reports that the league’s owners have decided to more than... Read more
Endeavor’s On Location Experiences Acquires Dynamic Pricing Leader Qcue
On Location Experiences has acquired the Texas-based ticket pricing software provider Qcue, it announced Tuesday. On Location hopes to put the Qcue expertise to work maximizing revenue on ticket sales for its clients, which include high profile events such as the Super Bowl and upcoming Olympics events among others.... Read more
Endeavor Execs Resign from Live Nation Board After DOJ Anti-Trust Scrutiny
A pair of executives from Endeavor abruptly resigned from the Live Nation Entertainment Board of Directors last week amid anti-trust concerns. Endeavor Chief Executive Officer Ariel Emanuel and President Mark Shapiro resigned their positions after the Department of Justice “expressed concerns that their positions on the Live Nation Board... Read more
On Location Wins Olympic Hospitality Exclusive Through 2028 Games
On Location Experiences has been named the exclusive ‘global hospitality provider’ for all summer and winter Olympic and Paralympic Games until 2028. The International Olympic Committee made the announcement on Wednesday, giving the U.S.-based company exclusive rights to the games beginning in 2024. The awarding of the deal to... Read more
Mark Geiger Launches SaveLive to Compete With AEG, Live Nation
Lollapalooza co-founder and former WME executive Mark Geiger announced the creation of a new company called SaveLive which he hopes to use to both save independent venues from collapse amid the pandemic and network them together to compete with industry giants. Geiger told the New York Times that he... Read more
Endeavor Aims To Raise $250M Amid Pandemic
In order to stay afloat amid the coronavirus pandemic, UFC’s Endeavor is hoping to raise $250 million by June, the New York Post reports. According to The Post, Endeavor was expected to receive $150 million from UFC this year. These funds would have paid for a stock buyback program... Read more
Endeavor Lays Off Staffers, Execs Forgo Pay
The coronavirus pandemic has forced major holding company Endeavor to make internal changes in order to keep business afloat. The California-based group has laid off roughly 250 workers so far in positions that cannot be held remotely, including restaurant, hotel and groundskeeping staff. Additional measures are expected to take... Read more
Live Nation, Endeavor Face Debt Pressure Over COVID-19 Cancellations
The ongoing coronavirus (COVID-19) pandemic has caused multiple companies within the live event industry to shut down upcoming events. Cancellations have led to increasing debt and financial pressure from Endeavor, Live Nation Entertainment, and Sinclair Broadcast Group. UFC, WME, and IMG are housed under the parent company Endeavor, which... Read more
Endeavor Acquires Majority Stake In On Location Experiences
Endeavor, the global sports and entertainment agency, has announced the acquisition of a majority stake in the premium hospitality company On Location Experiences for $660 million, SportsBusiness reports. The agency reportedly acquired two separate shareholdings for 33 percent each — one held by Redbird Capital and the other by... Read more