All-In with Chamath, Jason, Sacks & Friedberg Ari Emanuel on the Future of Entertainment: Hollywood, AI, Creator Economy, YouTube vs Netflix
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Nov 5, 2025 
Ari Emanuel, a leading Hollywood agent and CEO of Endeavor, shares his insights on the evolution of entertainment. He discusses how infinite distribution is reshaping Hollywood and the rise of podcasts, emphasizing the shift towards creators owning their advertising. Ari explores the impact of AI on the industry, predicting shorter workweeks and increased demand for live events. He contrasts YouTube and Netflix strategies for creators, delves into modern IP ownership, and reflects on his combative reputation in building Endeavor into a sports and entertainment powerhouse.
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Infinite Distribution Is Transforming Content
- Ari predicted “infinite distribution” would make content more valuable and diverse across many forms.
- He built Endeavor to capture scale across representation, production, and ownership to profit from that shift.
Turning Expensive Buys Into Value
- Ari describes buying IMG and UFC as initially criticized but later validated by securing broadcast deals that lowered valuation multiples.
- He used acquisition plus distribution deals to turn high-priced purchases into profitable businesses.
Legacy Media Still Has a Role
- Ari argues legacy TV and sports remain important amid fragmented platforms because different formats suit different audiences.
- He expects traditional businesses to persist while streamers and social platforms grow complementary markets.