Pivot Bonus Episode: Ari Emanuel at Code 2021
Oct 20, 2021
Ari Emanuel, CEO of Endeavor, known for his bold business strategies, dives into the intricacies of the entertainment industry. He discusses significant acquisitions, the impact of the pandemic on consumer behavior, and the future of movie theaters. Emanuel highlights the evolving role of data in sports and the power of celebrity branding, all while sharing insights from Endeavor's IPO journey. Their candid exchange also touches on the shifting dynamics between Hollywood and tech giants, offering a humorous yet insightful look at his career and aspirations.
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Episode notes
OpenBet Acquisition
- Ari Emanuel bought OpenBet for $1.2 billion, a sports betting company.
- This acquisition fits within Endeavor's sports and gaming strategy.
ICM's Diminished Value
- Ari Emanuel didn't buy ICM because it no longer held the same value it once did.
- He believes ICM's value diminished when previous owners extracted packaging economics.
Talent-First Strategy
- Endeavor's strategy is talent-first, focusing on expanding talent's opportunities across various platforms.
- This approach allows for leverage in negotiations and deal-making.