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Endeavor's Emanuel talks earnings report, streaming rights

Endeavor “posted quarterly results that beat Wall Street’s expectations” and CEO Ari Emanuel noted there are "three sectors that we see that are on the way up." Emanuel: "Content’s on the way up, live experiences are on the way up and actually sports gambling is on the way up, all the sectors that we're in.” Emanuel said “people want high-end experiences, want to get out and they’ve been pent-up for several years now, and we’re seeing that.” The “way you grow subscribers” is having “great premium content, great sports rights, and it’s the same thing on gambling, too.” Emanuel: “There’s very high bidding for all those rights (and) we are on the other side of this transaction. We’re on the supply side to all the demand side of the business.” Emanuel said of streaming services acquiring sports rights, “Amazon’s been buying rights all across the globe for sports right now, Apple’s moving into that space you know. We have a great relationship with ESPN and we sell a lot of rights. In our IMG sports business, we have 150 sports rights globally that we sell. There are bids all over the world for those rights because it does drive subscription and consumer engagement.” Emanuel noted they have “sold-out every single pay-per-view” for UFC this quarter and “we’re having the best year we’ve ever had in sponsorship in all of our ancillary businesses” (“Squawk Box,” CNBC, 5/13).

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