tell the Endeavor origin and growth story in a new 31-minute video designed to drum up support among investors for the IPO.
Endeavor’s expansion into content production and distribution operations — a source of friction for the company amid the current battle between the WGA and major talent agencies — was spurred by concerns that industry consolidation would eventually hurt the creative community, Whitesell says. “I wiggled my fingers and I wiggled my toes and realized I wasn’t paralyzed,” Emanuel says. He recalled thinking in that scary moment: “Life is not a dress rehearsal. It could end quickly. You’d better get started,” he says.
Lubliner touts Endeavor’s revenue and adjusted earnings before interest, taxes and amortization growth since 2016. Endeavor’s financial disclosures earlier this year generated mixed reviews from Wall Street as the company deals with the impact of a string of acquisitions. In the video, Lublin emphasizes the company’s 24% compound annual growth rate for revenue since 2016, hitting $3.6 billion in 2018. Adjusted EBITDA growth over the same period is also 24% to $551 million last year.
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Source: CNBC - 🏆 12. / 72 Read more »