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
Primary Lobbyists Give Confusing Testimony to Nevada Legislature
In public testimony given before the Nevada Assembly Committee on Judiciary on May 6, primary industry lobbyists gave testimony regarding Senate Bill 131, which features a number of provisions designed to strip consumers of rights related to the resale of tickets. While there is a great deal of content... Read more