January 28, 1995/Bruce Hurwit, a creative group head/art director for four years at Cliff Freeman & Partners, New York, left the agency to direct commercials for bicoastal Crossroads Films….Director/cameraman Ken Morrison joined bicoastal Harmony Pictures for spot representation in New York, California, St. Louis and Detroit, as well as internationally. Morrison continued to direct out of his New Orleans-based Morrison Productions for all remaining regions….Fireside Productions, Atlanta, has signed director/cameraman Mark Claywell. He had been with Oasis Films, Charlotte, N.C….AdVenture—the commercial post house with bases of operation in Hollywood and Santa Monica—planned to launch an in-house sound design facility on its Hollywood premises….
JANUARY 26, 1990/Barry Munchik resigned as head of Inside Productions at Young & Rubicam, New York, to set up a production company, Velocity Films, Johannesburg, in partnership with South African director/cameraman Keith Rose….Animatics/test commercial roost Creative Ways, New York, opened Live Ways, a broadcast commercial division….
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Endeavor Group Sells Professional Bull Riders, On Location and IMG To Parent of WWE and UFC
The parent company of WWE and UFC is buying Professional Bull Riders, On Location, and IMG from Endeavor Group in an all-stock deal valued at $3.25 billion.
The deal is part of Endeavor's efforts to shed some of its assets as it looks to be taken private in a proposed transaction with private equity firm Silver Lake, which was announced in April. Ariel Emanuel, who serves as CEO of Endeavor, is also executive chair and CEO of TKO.
Professional Bull Riders is a bull riding league that has more than 200 annual live events, approximately 1.25 million fans, and reaches more than 285 million households in more than 65 territories. On Location is live event company for more than 1,200 sporting events, such as the Super Bowl, Ryder Cup and NCAA Final Four. IMG is a distributor and producer of sports content, packages and sells media rights and brand partnerships, and provides consulting, digital services and event management to clients such as the National Football League and National Hockey League.
Parent company TKO Group said Thursday that the acquisition from Endeavor Group will complement its existing businesses as well as broaden its reach in the premium sports market.
"PBR, On Location, and IMG are industry-leading assets that meaningfully enhance TKO's portfolio and strengthen our position in premium sports globally," TKO Chief Operating Officer Mark Shapiro said in a statement. "Within TKO, they will help power the growth of our revenue streams and position us to capture even more upside from some of the most attractive parts of our sports ecosystem: media rights, live events, ticket sales, premium experiences, brand partnerships, and site fees."
As part of the deal, Endeavor will receive about 26.14 million common units of TKO... Read More