WME’s Marc Geiger Shoots Down Rumor He’s Headed to Spotify

to help get the company through the coronavirus-driven revenue crisis at the same time that it launches a broad cost-cutting initiative. Endeavor has been known to be looking for financial alternatives since last fall when the company — the parent of UFC, WME, IMG and other entities — was forced to table its planned IPO.

The COVID-19 lockdowns brought the curtain down on sports, concerts, festivals and other live event businesses that are central to Endeavor’s businesses. The shutdown of music touring and film and TV production promises to be a hardship for WME and IMG.Endeavor is expected to begin layoffs company wide

that will amount to 20% of its roughly 7,500 staffers. At the WME talent agency alone, that is expected to affect at least 300 of its 1,500 employees. Impact to the music department has so far been muted as, according to sources, a handful of top agents have joined together in a unified front.. The company has been on an acquisition spree during the past decade, bankrolled by debt and capital from investors including private equity giant Silver Lake.

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AMC spikes 56% on reports Amazon may be considering a takeover - Business InsiderAMC was recently the subject of bankruptcy rumors, as the chain's liquidity position worsened as movie theaters shut down across the country. who's up right now? 🤗 Everyone knows they want media access. AMC is cheap as debt can be written down. Think they will buy NETFLIX or merge with Disney Corp at the right time or price. Here is who owns AMC:
Source: BusinessInsider - 🏆 729. / 51 Read more »