Endeavor President Mark Shapiro
The Town with Matthew Belloni
00:00
Is WME a Double Digit Growth Business?
WME is a double digit growth business on both the bottom line EBITDA and the top line revenue for the last decade plus, right? Where is that growth coming from? Because you can't package shows anymore. Packaging fees are outlawed by the Writers Guild. The back ends that these stars enjoyed for 30, 40 years are going away replaced by upfront fees from streaming services. But long term, these agencies are what they are because of the package fees that they are still being paid on for shows that have been off the air for 20 years.
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