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WWE & UFC Parent TKO Beats Q1 Forecasts And Ups Full-Year Guidance
WWE and UFC parent TKO Group Holdings said "strength and momentum" at its core subsidiaries powered first-quarter financial results.
One major operational highlights during the quarter included the debut of WWE Monday Night Raw on Netflix, which locked up rights to the longtime cable TV mainstay last year in a $5B, 10-year deal. Sister company Endeavor Group Holdings was taken private by longtime investor Silver Lake in March and also changed its name to WME, in order to reflect its new focus on the representation business. Emanuel has passed the leadership baton at WME to Mark Shapiro, who will run the company as president and managing partner in conjunction with Christian Muirhead and Richard Weitz.
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