Media Man Business Blog

Media Man Business Blog

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What the media has said about wrestling over the years

The Avengers, Marvel Entertainment, Marvel Games, Spider-Man, WWE, Paramount Pictures, Celebrity

The Star Turns It On; Tonight in Sin City Sydney, Australia

Jury retires in Hudson family killings case

Travolta lawyer blasts second masseur sex lawsuit

Avengers sequel in the works

Johnny Depp promotes new movie in Japan

James Packer has lost 25kg since undergoing gastric bypass

Brooks discussed phone hacking with British PM

1st Fleet owner flee's country

Hulk Hogan: still runnin' wild

Now North Tce is on the revamp list

John Cena to Appear in Nickelodeon Film; Top 3 Movie Cameos by Wrestlers

Fleet's owner Stephen Brown leaves for US

Australian films prepare to storm Cannes Film Festival 2012

Police jitters over the 'glamorising' of bikies

Sacha Baron Cohen drops out of Quentin Tarantino's 'Django Unchained'

The List: Facts about the Incredible Hulk

MARVEL Expands comiXology Partnership

Disney CEO Bob Iger realizes $26.6-million pre-tax gain from stock sale

'The Avengers' Will Cross $300 Mil Mark in U.S. Today

'The Rocky Horror Picture Show' of Wrestling?

'Django Unchained' Cursed? Fourth Star Drops Out of Quentin Tarantino Western

Beyoncé, Jay-Z 'moving to London'

The History of CM Punk and Daniel Bryan

Jerry Lawler Reveals Which Celebrity Should Be In The WWE Hall Of Fame

The Avengers, Marvel Entertainment, Marvel Games, Spider-Man, WWE, Paramount Pictures, Gaming, UFC

The Billionaire Brands

Media Man Business Blog: SEO, Search Engines, Hunt Machine on the web and more; Gonzo news for business

Media Man Business Blog

SEO, Search Engines, Hunt Machine on the web and more; Gonzo news for business

SEO or Hunt Machine Optimisation is the process of perfecting the website’s visibility to have applicable quests on hunt machines. More visibility in hunt results makes the point attract the attention of the druggies. 

Search Machines similar as Google, Yahoo, Bing use technology to bottleneck on the web on different spots. They collect information about each point and also put them in an indicator. Further, the algorithm analyses the runners in the indicator grounded upon numerous different factors to determine the applicable spots that appear in a hunt result. The ranking factors for seo toronto can be keywords, unique content, applicable length of content, image attributes, etc. Optimizing the point with SEO factors can grease crawling and indexing and help the point rank advanced in hunt results. Unlike paid hunt advertisements, organic rankings on point can’t be achieved on hunt machines. thus, it becomes important to optimize websites to rank advanced in hunt results. 

When it comes to Statistics, The first five Google quests on the first runner account for 67.60, while only 0.78 of Google quest click on the alternate runner. 70 of the marketers consider SEO more effective than PPC for generating deals. 51 of shoppers surveyed say they use Google to probe a purchase they plan to make online. These are a many statistics to punctuate the significance of SEO in 2021. 

An effective SEO strategy can help the runner rank advanced and reach the right followership and increase website business when it comes to businesses. It can also help in getting transformations. Readout why SEO is important for businesses in 2021.

1. Increases visibility of a website 

SEO, when done right, can help businesses increase their visibility on the website. It’s the direct motorist of bettered visibility and prints in the hunt results. Using the right keywords, adding backlinks from high sphere authority websites, optimizing metadata on the point, and participating unique content are among the many factors that can help the point increase visibility. SEO facilitates crawling and indexing, which helps in adding the visibility of a website. 

2. Increases website business 

Organic hunt is pivotal to a business. Search Machines contribute to a business’s visibility, and SEO can help druggies land to the point. SEO builds an online presence, increases website business, and helps the business to grow. The advanced the website ranks, the further business the business shall admit. The first Google hunt result has a28.5 click- through rate which falls down to2.5 for the tenth hunt result. 

3. Enhances stoner trust on website 

SEO establishes the authority of content on the hunt machine by admitting parameters like unique content, quality backlinks, advanced runner ranking, and stoner geste, which enhances stoner trust in the website. spots that are listed on the hunt machine are considered believable than the runners that are n’t. Quality SEO helps establish business credibility, gives exposure, and enhances its character. 

4. This leads to a better consumer experience of the website. 

SEO can help in perfecting the consumer experience and furnishing quality content to the consumers. It makes the content dependable through quality backlinks and the right keywords. SEO helps search machines in relating the right spots that are helpful to the stoner. Website speed is another criterion that plays an important part. A slow website will have a high brio and tends to distort the stoner experience. 

5. Search Machines aren’t perfect, and if you do n’t take applicable way, your website will be ranked lower. 

Hunt Machines need or, as we call, colorful conditions to identify point applicability. SEO enables the hunt machine to effectively judge its applicability and show the same in the hunt results. The better these conditions are satisfied, the advanced the runner ranks, which can help the business get website business, make credibility, and lead to transformations. 

6. High website business would lead to advanced transformations. 

Transformations can be appertained to the asked thing the point or business has. That can be enabling deals, subscribing to a service, adding readership, etc. Quality SEO promotes high website business which in turn leads to advanced transformations. High-engaging websites are bound to get a better conversion as they can gather maximum eyeballs. 

Conclusion 

SEO has come a critical element to the online success of businesses. Businesses who want to make sure of their strong online presence need to invest in SEO.

Tell them the Media Man Group including Media Man Australia, Media Man Int and Search News Media sent you.

Media Man Business Blog: Online Advertising That Gets Seen By The Target Audience, News Media and Social Media / Digital Influencer Pack

Media Man Business Blog

Online Advertising That Gets Seen By The Target Audience, News Media and Social Media / Digital Influencer Pack 

Media Man Business Blog: LinkedIn Economic Graph: A digital representation of the global economy.

Media Man Business Blog

LinkedIn Economic Graph

A digital representation of the global economy.

Everyone’s talking about artificial intelligence (AI). As of March, there were 36x as many posts on LinkedIn mentioning Generative AI compared to a year ago. For the world of work, this is just the beginning of a paradigm shift. Hear from LinkedIn’s Aneesh Raman on why this conversation brings new urgency to the need for everyone to adopt a skills-first mindset.

Social Media

Greg Tingle

A.I is a most interesting and trending topic. A main challenge/problem of A I remains that it is bias (not balanced). By nature humans have bias, belief systems, preferences, and and such. This is written in and reflected in the A.I code. As per tech entrepreneur Elon Musk quote "AI can be trained to lie"). A Musk developed AI will be different to a ChatGPT, will differ to a Bing etc. The flow on effect. Humans are the programmers and developers (at least at this stage of the game!). I have my bias and I'm the first to admit it. Man/human over machine. The machine to serve man. Not mankind to be a slave to the machine and The Internet Matrix Of Things. Higher Power in the struggle with the "God Of Machines" ala Ex Machina or Dues ex Machina! Love of machines! Einstein vs Nikolas Tesla elements on God, algorithms and much more. The business of just about everything including technology platforms and commercial news media I hope this makes sense to the readership. Maintaining the balance between the commercial and tech world and that of Mother Nature. A public thank you to LinkedIn powers that be for hosting this discussion.

Media Man Business Blog: Buy and Sell advertising, text links, banners, product / brand placement, social media inclusion, editorial, buzz and more

Media Man Business Blog

Buy and Sell advertising, text links, banners, product / brand placement, social media inclusion, editorial, buzz and more

Kerry Packer Aussie Legend Live On Via Art And TV

Media Man revisits one of their most popular news stories from 2010...

G'day punters, casino and gambling millionaires and billionaires, media magnates, journalists, historians and art lovers. Art lovers?! Yes, today we bring you a special Kerry Packer special. The legend lives on, not only here, but now at an Australian artists exhibition, and of course 'Our James' (James Packer) continues to fly the flag and do the family legacy proud with his Crown Limited empire. Not only that, we also cover the pending return of KP to Australian television in an ABC mini series tipped to hit the jackpot, and Network Nine is bringing back 'Underbelly', complete with gambling themes.Media Man and Gambling 911 present The Kerry Packer Special...

Kerry Packer & Friends...

Kerry Packer & Friends - NG Art Gallery - 7th Dec - 24th Dec 2010

3 Little Queen Street

Chippendale, NSW Sydney AUSTRALIA

Tuesday - Saturday 11.00am - 5.30pm

Ok punters, here's the rundown. The artist - storyteller is Gina Sinozich. She's an 80 year old, Croat, Sydney based artist who paints in order to help recycle memory. Sinozich's latest exhibition, Kerry Packer and Friends, is her first solo commercial effort in Sydney and is tells the story of the legendary Kerry Packer. She covers the unique personality and complexities of a legend who was known for his astronomical wealth, super whale gambling exploits, running his business with an iron fist, and colourful run ins with the Australian government, amongst other things.

Sinozich migrated down under to Australia is 1956 and began to paint at the age of 75, now having work in Australian and New Zealand corporate and public collections. Her show showcases Packer as 'one of us' rather than the untouchable media tycoon. Sinozich was inspired to tell the story on the premise that we often hear bad before good. This tribute to KP is generous and reveals alot of the most powerful men in the world, who in 2004, was estimated to have a net worth of AUD 6.5 billion. The work of Sinozich will be showcased at NG Art Gallery from the 7th-24th of December and is certain to excite audiences, punters, art lovers or both. A fews Aussie commentator think this blows away much of the art that American gambling tycoon Steve Wynn shows off. Maybe Wynn might like to make a purchase of some classic Packer creations.

Sinozich says Packer gave back to society in a meaningful way and the series was intended to stand as a testament for this man's intrinsic goodwill after his death in December 2005. She recites a story that fuelled her initial interest in Packer, "...one lady said that she was on George Street with two little kids behind her and she was running...running to go on the train, and he (Packer) stopped her and said, 'don't you have a car?' and he wrote a cheque for her and said here, 'buy yourself a car'." Sinozich also fondly recalls, "...when he was playing in casino in Perth he won so much money and the girl who was serving wine...he asked her, 'do you have a mortgage on the house?' she said 'yes', then he wrote a cheque for AUD 600,000."

The talented, even cunning, artist worked like a Trojan horse for a fortnight and managed to produce 26 paintings that deeply explore her subject's nature, removing much of the mystic of Packer as an uncompromising media mogul. All the characters in Sinozich's work have a yarn to tell, and most aspects of his life are covered... birth, death, and much of the in between. Make no mistake, the works are smart, and unique, and are tipped to become collectors items.

The work is relatively simple, but full of life, and has been described as "traditional representational painting", which one may argue is a dying art. We think KP would have liked the tribute, and we await word to see what living members of the Packer clan think of the works.


Kerry Packer Legend To Return To Australian TV In Cleo Mini Series...

Packer is to return to life on Aussie TV via new ABC drama Paper Giants: The Birth Of Cleo (not to be confused with the Cleopatra slot game).

Australian readers may recall the public backlash to the introduction of the super sexy womens’ title in 1972. There were Cleo lovers and haters, but we're still talking about it today, so it made an impact, which is better than many of today's rags.

Rob Carlton will play a young Packer opposite Asher Keddie as publishing pioneer, the sexy and smart Ita Buttrose.

Rumours of a sexual relationship between Packer and Ita around the time of Cleo magazine's start off, but this won't be a focus on the mini-series, due to air next year.

Buttrose, who first made her mark as the magazine's editor, was a consultant on the production.

"If there was a supposed affair it didn't happen in this timeframe. I have no idea if there was, we didn't raise it with her," Edwards said.

There ABC publicity brief has whet our appetite for lots of Packer classic stuff and enough scandal to keep us coming back for more.

"It's 1972. Skirts are up, pants are down. Girls can have anything: Fabulous careers, fashionable clothes and oral sex," spruiks the promo.

The drama cleverly follows the death of Sir Frank Packer and the rise of his second son, who defies even family expectation to succeed, in a way no one could have expected.

"It was a real turning point in Kerry's career. It was a period when he made his first big move and it was an astonishing success and one against the odds in some respects," Edwards said.

Cleo magazine itself was a fine, yet controversial work, and introduced the nude male centrefold and sexual hits, tips, tricks and more for women. Media Man friend, actor Jack Thompson, is tipped to have his racy centrefold recreated. Something about a 6th finger, down there.

ABC TV by all accounts have taken a calculated risk on the series. Most quarters of society, both insiders and outsiders we've chatted with believe the gamble will pay off with a tidy jackpot, and whispers already circulate as to how many awards the show and actors will pick up.


Nine's David Gyngell Respects Packer History; PBL Becomes Nine Entertainment Co...

KP put Publishing & Broadcasting Media on the map and grew it to become arguably the biggest media brands in Australia.

PBL - the name, is now history, since Bondi Beach based chief executive, David Gyngell, rebranded it with Nine Entertainment Co.

Gyngell, who announced the rebranding at Nine's 2011 program launch in Sydney on Friday, advised the new name would be more recognisable to the public and large and went on to emphasise Nine's broad range of businesses, which sport Nine, ACP Magazines, Ticketek and NineMSN.

The recognition factor is important since the firm is likely to be floated on the Australian Stock Exchange by its private equity owners, CVC Asia Pacific, in the first half of next year.

It's understood that a strong level of support from a host of retail investors will be key to the $5 billion-plus float's chances of a jackpot.

Gyngell wisely acknowledged it was not an easy decision given he is the late Kerry Packer's godson and great mate of James Packer. History buffs, just in case you wondered, PBL was formed way back in 1994 when KP merged Nine with ACP (Australian Consolidated Press).

"PBL has a long association with the Packers so personally I don't take that lightly. But it's modernising a business that needs to be publicly known. We don't have the luxury of having James Packer or another mogul giving the company real gravitas."

Other media updates down under include Network Seven being backed by Kerry Stokes and Network Ten's board now has James Packer, News Corporation director Lachlan Murdoch, mining magnate Gina Rinehart and WIN TV owner Bruce Gordon.

"Nine is the biggest thing that we have and it is also the thing that supports all the other companies in the best possible way," Gyngell said. "It will be a new year. We are starting again.

Nine confirmed its crime drama Underbelly would come back with a series set in the roaring 20s in Sydney as well as 3 Underbelly movies! And, get this, a good spot of gambling will also be featured.

Gaming and Gambling Growth

Australian gambling companies are expected to report modest growth in earnings this reporting season as consumers rein in their discretionary spending and casino operators face tough competition from overseas.

"Gambling is part of discretionary expenditure, so I'm anticipating that gambling expenditure will be down," Morningstar gaming analyst Ross MacMillan said.

Earnings in the gambling sector may grow two or three per cent, but "It's going to be very subdued earnings growth if we see any at all," Mr MacMillan said.

The outlook for the current financial year was expected to be very cautious and limited in detail.

Mr MacMillan anticipated most companies would hold off providing guidance until their annual general meetings when they would have at least three months of performance under the belt.

The big issue for Tatts Group and Tabcorp would be the source of future growth, he said.

Tatts and Tabcorp hold a duopoly over poker machines in Victoria outside of the Crown casino in Melbourne. The Victorian poker machine licence expires in 2012.

Tabcorp was recently awarded a new wagering and betting licence in Victoria, winning it over Tatts. The wagering licence allows Tabcorp to offer wagering on thoroughbred, harness and greyhound racing and other sporting events.

Lower gambling expenditure would affect revenues, so gambling companies would have to look at cutting costs, Mr MacMillan said.

He said Tatts would be looking to strip out as many costs as possible from the NSW lottery business it acquired in March 2010.

Tatts also would think carefully about the South Australian lottery business, which is likely to come up for sale in the next 18 months.

Mr MacMillan said the main issue affecting the Tabcorp results would be the recent demerger of its casino operations - now known as Echo Entertainment Group - which would make Tabcorp's accounts "messy".

An issue facing casino operators Crown and Echo was the size of the capital expenditure needed to revamp their casinos so they could compete with big new casino-resorts in Singapore and attract more VIP gamblers (high rollers) from China.

"This is a real issue: whether it (capital expenditure) will continue in the future," Mr MacMillan said.

Fat Prophets gaming analyst Greg Fraser said consumer spending had been weak and was likely to be reflected in gaming results at the "grind end" of the market.

Mr Fraser said he expected a reasonable result from Tatts Group.

Although a larger proportion of Tatts' earnings now came from lotteries, gaming operations were likely to attract attention because that's where uncertainty lay.

"Having missed out on the Victorian wagering licence, it'll be interesting to see what they (Tatts) say about their future now and what their plans might be," Mr Fraser said.

Tabcorp also needed to detail its plans for the new Victorian wagering licence and explain how the company would replace gaming machine earnings once they disappear in 2012, he said.

Among the casino operators, Crown's result was likely to be stronger than that of Echo Entertainment, largely because Crown had spent its money on refurbishments and re-organising its gaming floors sooner and, arguably, more effectively than Echo.

Much of the Star City refurbishment was aimed at non-gaming activities, so the casino's success over the next year should be measured by the increase in visitation numbers.

"In that sense, it's the outlook statement for Echo this time that is perhaps more important than this year's financial result," Mr Fraser said.

Media Man Business Blog: SEO for Business

Media Man Business Blog

SEO for Businesses

In today's digital landscape, businesses must harness the power of search engine optimization (SEO) to stay competitive and thrive. In this comprehensive guide, we'll explore the numerous benefits of SEO for small businesses and provide actionable tips to help you maximize your online presence.

Introduction to SEO for Small Businesses

SEO is the process of optimizing your website and online content to improve your visibility on search engines like Google. By implementing effective SEO strategies, small businesses can enjoy a myriad of benefits, such as increased organic traffic, better user experience, and higher conversion rates.

Increased Visibility and Brand Awareness

SEO helps small businesses rank higher on search engine results pages (SERPs) for relevant keywords. This increased visibility leads to greater brand awareness, as users are more likely to discover and engage with your business online.

Actionable Tip: Perform keyword research using tools like Google Keyword Planner to identify high-traffic keywords relevant to your business.

Enhanced User Experience

Optimizing your website for SEO often involves improving user experience (UX), such as faster loading times, mobile responsiveness, and intuitive site navigation. A better UX leads to higher user engagement, lower bounce rates, and improved search rankings.

Actionable Tip: Conduct a site audit to identify areas for improvement and implement changes to enhance UX.

Cost-Effective Marketing

Compared to traditional marketing channels, SEO is a cost-effective way to reach your target audience. By investing in SEO, small businesses can generate a higher return on investment (ROI) and allocate their marketing budget more efficiently.

Actionable Tip: Focus on creating high-quality, shareable content to attract organic traffic and backlinks, reducing your reliance on paid advertising.

Targeted and Sustainable Traffic

SEO enables small businesses to attract targeted traffic by ranking for industry-specific keywords. This ensures that the visitors to your site are interested in your products or services, increasing the likelihood of conversion. Additionally, effective SEO strategies result in sustainable, long-term traffic growth.

Actionable Tip: Create and optimize content that addresses the needs and interests of your target audience.

Improved Conversion Rates

By attracting targeted traffic and providing an exceptional user experience, SEO can lead to higher conversion rates. Users who find your website through organic search are more likely to convert into customers, as they are actively seeking solutions that your business offers.

Actionable Tip: Optimize your website for conversions by using clear calls-to-action (CTAs) and simple, user-friendly forms.

Establishing Authority and Trust

A well-optimized website with valuable content and a strong backlink profile establishes your business as an authority in your industry. By ranking high on SERPs, users perceive your brand as trustworthy, which can significantly impact their purchasing decisions.

Actionable Tip: Produce high-quality, informative content and collaborate with industry influencers to build your online reputation and earn valuable backlinks.

Competitive Advantage

Investing in SEO helps small businesses stay ahead of the competition by ranking higher on search results for relevant keywords. By dominating the search results, you can capture a larger market share and increase your brand's visibility.

Actionable Tip: Perform a competitive analysis to identify the strengths and weaknesses of your competitors' SEO strategies and capitalize on any gaps in the market.

Long-term Success

SEO is a long-term investment that can yield significant benefits over time. As search engines continue to evolve, businesses that prioritize SEO will be better equipped to adapt to changing algorithms and maintain their online presence.

Actionable Tip: Stay updated with the latest SEO trends, SEO Tools and best practices to ensure your strategies remain effective and future-proof.

Conclusion

By leveraging the power of SEO, small businesses can enjoy numerous benefits, including increased visibility, enhanced user experience, cost-effective marketing, targeted and sustainable traffic, improved conversion rates, authority and trust establishment, competitive advantage, and long-term success. To maximize these benefits, consistently monitor and refine your SEO strategies to stay ahead in the ever-changing digital landscape.

Thank you for visiting the Media Man Group, including Media Man Australia and Media Man Int.

Media Man Business Blog: News, Affiliates, SEO, Content, Digital Business, Agencies, Media, News Media

  

Media Man Business Blog

News, Affiliates, SEO, Content, Digital Business, Agencies, Media, News Media      

Affiliate Programs Directory

SEO, Destination Websites and Content Publishing and Distribution for casino, gaming, sports betting and pop culture sector

Flat Fee or Affiliate Deal?

Business brands using affiliate programs open to and embracing flat fee campaigns by online publishers under the right terms and conditions says Media Man agency

AdNews vs Marketing Magazine vs Campaign Brief vs B&T; Australian media and agency publication wars alive and well

Advertising News Media website launched by Media Man Group

Advertising Agencies - Why We Need Them

Media Man Business Blog: NFTS

Media Man Business Blog

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify ownership and authenticity. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.

Media Man Business Blog: ENDEAVOR ANNOUNCES UFC® AND WWE® TO FORM A $21+ BILLION GLOBAL LIVE SPORTS AND ENTERTAINMENT COMPANY

Media Man Business Blog

ENDEAVOR ANNOUNCES UFC® AND WWE® TO FORM A $21+ BILLION GLOBAL LIVE SPORTS AND ENTERTAINMENT COMPANY

April 3, 2023

New, Publicly Listed Company to be 51% Owned by Endeavor and 49% by Existing WWE Shareholders

Endeavor to Contribute UFC into Company at Enterprise Value of $12.1 Billion

BEVERLY HILLS, Calif. and STAMFORD, Conn. (April 3, 2023) – Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced that they have signed a definitive agreement to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE. Upon close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.

Together, UFC and WWE will have global reach, impressive scale and omnichannel distribution. On a combined 2022 fiscal year-end basis, UFC and WWE achieved revenue of $2.4 billion and a 10% annual revenue growth rate since 2019.

“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Ariel Emanuel, CEO of Endeavor. “For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.”

“Given the incredible work that Ari and Endeavor have done to grow the UFC brand – nearly doubling its revenue over the past seven years – and the immense success we’ve already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders,” said Vincent K. McMahon, Executive Chairman of WWE.

McMahon continued, “Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity. The new company will be well positioned to maximize the value of our combined media rights, enhance sponsorship monetization, develop new forms of content and pursue other strategic mergers and acquisitions to further bolster our strong stable of brands. I, along with the current WWE management team, look forward to working closely with Ari and the Endeavor and UFC teams to take the businesses to the next level.”

The new company will be led by Emanuel (Chief Executive Officer), who will also continue in his role as Chief Executive Officer of Endeavor, McMahon (Executive Chairman of the Board) and Mark Shapiro, who will be President and Chief Operating Officer of both Endeavor and the new company. Dana White will continue in his role as President of UFC and Nick Khan will serve as President of WWE. The Board of Directors will consist of 11 members who will be appointed at a later date, six of whom will be appointed by Endeavor and five of whom by WWE.

Together, UFC and WWE expect to deliver an estimated $50 million to $100 million in annualized run rate cost synergies by leveraging, among other things, Endeavor’s back office and robust infrastructure. Endeavor also expects significant growth across revenue areas including domestic and international media rights, ticket sales and yield optimization, event operations, sponsorship, licensing and premium hospitality. Endeavor’s success at UFC, including increasing commercial opportunities that have driven more than 2x Adjusted EBITDA growth since its acquisition in late 2016, demonstrates the significant value creation opportunity and upside potential of having UFC and WWE under one roof.

Transaction Details and Approvals

The transaction values UFC at an enterprise value of $12.1 billion and WWE at an enterprise value of $9.3 billion. The transaction represents a contribution price of WWE of approximately $106 per share (before any post-closing dividend). Additionally, UFC and WWE will each contribute cash to the new company so that it holds approximately $150 million. At closing, Endeavor intends to sweep all excess cash at UFC, and shareholders of the new company (other than Endeavor) are expected to receive a post-closing dividend.

Under the terms of the transaction, existing WWE shareholders will roll all existing equity into the new entity that will be the parent company of UFC and WWE (“NewCo” until it is named at a later date) and intends to list on the New York Stock Exchange under the ticker symbol “TKO”. The listing of NewCo will expand the collective investor base to allow for broad market participation across Endeavor and NewCo.

The transaction has been unanimously approved by the Executive Committee of the Board of Directors of Endeavor and by the Board of Directors of WWE. The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals. The transaction is expected to close in the second half of 2023.

This marks the successful conclusion of WWE’s strategic alternatives review process. WWE embarked on this process to take advantage of the company’s unique position in the entertainment ecosystem as well as the inflection point coming with its media rights renewals, both of which were widely recognized in the marketplace through this process.

Advisors

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are serving as financial advisors to Endeavor, and Latham & Watkins LLP is serving as legal advisor to Endeavor. The Raine Group is acting as lead financial advisor to WWE. J.P. Morgan and Moelis & Company LLC are also acting as financial advisors to WWE. The Raine Group, J.P. Morgan, and Moelis & Company LLC each rendered fairness opinions to the Board of Directors of WWE. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor to WWE, and Kirkland & Ellis LLP is serving as legal advisor to WWE’s controlling stockholder, McMahon.

Webcast

Endeavor and WWE will make public a recorded audio webcast at 8:00 a.m. ET today discussing this transaction. The event and accompanying presentation materials can be accessed at investor.endeavorco.com or corporate.wwe.com/investors. The link to the webcast, as well as a recording, will also be available on those websites after the call concludes.

# # #

About Endeavor

Endeavor is a global sports and entertainment company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing and brand licensing.

About UFC®

UFC® is the world’s premier mixed martial arts organization (MMA), with more than 700 million fans and 228 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world, while broadcasting to over 900 million TV households across more than 170 countries. UFC’s athlete roster features the world’s best MMA athletes representing more than 80 countries. The organization’s digital offerings include UFC FIGHT PASS®, one of the world’s leading streaming services for combat sports. UFC is owned by global sports and entertainment company Endeavor, and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC, Twitter, Snapchat, Instagram and TikTok: @UFC.

About WWE®

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, premium live events, digital media, and publishing platforms. WWE’s TV-PG programming can be seen in more than 1 billion homes worldwide in 25 languages through world-class distribution partners including NBCUniversal, FOX Sports, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all premium live events, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network. Additional information on WWE can be found at wwe.com and cororpate.wwe.com.

Media Man Business Blog: News Summary - March 2023

Media Man Business Blog

Media Man News Summary - March 2023

Pop culture related news remains some of worlds most powerful says Media Man group founder

WWE In Talks for a Major Show In Perth, Western Australia

Silicon Valley Bank collapse: Mark Cuban says Fed should 'immediately' take this action

WWE Luchadors faction catch fans imagination

Australian banks drag ASX down after Wall Street plunge

'Succession' season 4 to hit Australian streaming via Binge 27th March 2023

Rupert Murdoch and his US news empire are at a crossroads (Bloomberg)

WWE Betting in US Regulated Markets Would Benefit the Offshores Too (Gambling 911)

Be your own network to help ride out the big tech and social media platform storm says Media Man

Media Man international and Australian portals covering news, pop culture, sports, business and mors

Advertising News coverage proving popular with industry insiders, advertising and creative agency types

Media Man Business Blog - News Summary - March 2023

Media Man Business Blog - News Summary

News Summary - March 2023

Pop culture related news remains some of worlds most powerful says Media Man group founder

WWE In Talks for a Major Show In Perth, Western Australia

Silicon Valley Bank collapse: Mark Cuban says Fed should 'immediately' take this action

WWE Luchadors faction catch fans imagination; Karrion Kross reminds fans on his Mexican wrestling links

Australian banks drag ASX down after Wall Street plunge

'Succession' season 4 to hit Australian streaming via Binge 27th March 2023

Rupert Murdoch and his US news empire are at a crossroads (Bloomberg)

WWE Betting in US Regulated Markets Would Benefit the Offshores Too (Gambling 911)

Be your own network to help ride out the big tech and social media platform storm says Media Man

Media Man Business Blog: Advertising Agencies news article

Media Man Business Blog

Advertising Agencies - Why We Need Them

Blog: Business - a person's regular occupation, profession, or trade. "experts who typically conduct their business over the internet"

Blog

Business - a person's regular occupation, profession, or trade. "experts who typically conduct their business over the internet"

Blog update: News, articles, pop culture, interviews, scoops and more; Business - a person's regular occupation, profession, or trade. "experts who typically conduct their business over the internet"

Blog update

News, articles, pop culture, interviews, scoops and more

Business - a person's regular occupation, profession, or trade. "experts who typically conduct their business over the internet"

Media Man Business Blog: Casino gambling is colorful and dramatic and theatrical. - Steve Wynn

Media Man Business Blog

Casino gambling is colorful and dramatic and theatrical. - Steve Wynn

Casinos Hotels Resorts Media

Media Man Business Blog: Super Bowl: Advertising News

Media Man Business Blog

Super Bowl: Advertising News

Big Tech Media Developments...

Media Man Business Blog

Big Tech groups disclose $10bn in charges from job culls and cost cutting

Amazon, Meta, Alphabet and Microsoft reveal hefty price tag as they rein in spending

Profiles

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Amazon, Meta, Alphabet and Microsoft will collectively incur more than $10bn in charges related to mass redundancies, real estate and other cost-saving measures, as the Big Tech companies reveal the hefty price they incur to rein in spending.

The US companies that have been implementing the largest job cuts in the tech sector disclosed the high costs related to their restructuring efforts in earnings statements released this week.

The four groups had previously announced 50,000 job cuts to convince Wall Street they were heading into a “year of efficiency”, as Meta chief executive Mark Zuckerberg described it. This trend comes after more than a decade of heavy spending in a focus on aggressive top-line growth.

Despite the companies’ high upfront costs such as severance payments, investors appear encouraged by the steps taken.

Since formally announcing their cuts, the companies have together added more than $800bn to their market capitalisations. Meta, the earliest mover among the Big Tech groups, has seen its value almost double since detailing its job cuts in November.

While savings could have been made by implementing more gradual cost reductions, tech companies were being rewarded by the markets for “ripping the band aid off”, said Wedbush analyst Dan Ives.

“Big Tech has been spending money like 80s rock stars for the last four to five years,” he said. “It feels like there’s adults in the room now.”

The process to become leaner in the wake of macroeconomic pressure contrasts starkly with the pandemic-era hiring boom, with headcounts increasing rapidly at tech companies that were responding to a rise in demand in digital products and services.

Apple remains the only large tech company that has not announced any job cuts or a cost-cutting programme, despite on Thursday reporting its first decline in quarterly revenues in three and a half years.

According to Layoffs.fyi, a tracker logging instances of tech redundancies, almost 250,000 employees have been let go across the sector since the start of last year.

Some of the most recent, from this past week, include software group Okta, which laid off 300 employees, data analysis company Splunk, with 325, and image-sharing social network Pinterest, which said 150 roles would go.

The deepest cuts have come from the biggest names. In November, Meta announced it would let go 11,000 of its employees, as well as dump office space and data centres.

On Wednesday, the Facebook parent detailed charges of $4.6bn related to restructuring. Severance costs ran to $975mn, according to a company filing, though that cost was offset by “decreases in payroll, bonus and other benefits expenses”. A further $1bn in charges related to reducing office footprint is expected in 2023.

Amazon chief executive Andy Jassy told employees in January the company would eliminate 18,000 roles.

Speaking to investors on Thursday, Amazon’s chief financial officer Brian Olsavsky said $640mn had been spent on severance in the fourth quarter of 2022, as well as an additional $720mn on abandoning real estate, primarily due to pulling back on opening new physical grocery stores. The company did not share further details on charges it might incur in the current quarter and beyond.

Google parent Alphabet, which is laying off 12,000 people, said it expected to incur severance costs ranging from $1.9bn to $2.3bn, with most of the impact in the current quarter. At the high end of that guidance, the cost of severance will work out at approximately $191,000 per employee. Alphabet faces a further $500mn in costs relating to office space reduction in the current quarter, it said.

Despite the cuts, Alphabet chief financial officer Ruth Porat told investors on Thursday the company would continue “hiring in priority areas, with a particular focus on top engineering and technical talent, as well as on the global footprint of our talent”.

Microsoft’s planned savings — which include 10,000 job cuts — has resulted in it incurring a $1.2bn charge in the final three months of 2022, $800mn of which was from severance pay.

Salesforce, which will not report earnings until March, is expected to be another company facing significant restructuring costs, having announced a 10 per cent reduction in its workforce last month. That move came as activist investor Elliott Management took a multibillion-dollar stake in the company, saying it intended to work “constructively with Salesforce to realise the value befitting a company of its stature”. 

Likewise, Alphabet has drawn attention from activist Sir Christopher Hohn, of TCI Fund Management, who wrote to chief executive Sundar Pichai, saying he needed to make further headcount cuts and trim “excessive employee compensation”.

Media Man Business Blog: Casino, Gaming, Sports Betting and Pop Culture News

Media Man Business Blog

Casino, Gaming, Sports Betting and Pop Culture News

DraftKings lays off roughly 140 employees in corporate restructure

DraftKings is eliminating about 140 jobs, part of what the sports betting company is calling a reorganization. A majority of the eliminated positions are based in Europe, Asia and the Middle East, and primarily span both engineering and HR roles related to hiring, according to someone with direct knowledge of the moves. The 140 positions amount to a low single-digit percentage of the company’s workforce. DraftKings stock jumped nearly 10% on the day to close at $16.48.

Penn Entertainment reports small year-over-year revenue increase in Q4 despite Mattress Mack payout

Despite a huge winning bet by Jim “Mattress Mack” McIngvale and inclement weather in December, Penn Entertainment’s 2022 fourth-quarter results were consistent, according to CEO Jay Snowden during Thursday’s investors’ call. McIngvale’s bet on the Houston Astros to win the World Series via Penn’s Barstool Sportsbook cost Penn $10 million. And Snowden claimed that “severe weather in certain parts of the country”...put a drag on revenue.

Las Vegas sports news

If the Oakland Athletics relocate to Las Vegas, north Strip and downtown resort operators would strongly support the team building a $1 billion ballpark in their area. Resorts World Las Vegas President Scott Sibella confirmed that he and hotel owners from the north Strip and downtown Las Vegas met with A’s brass Wednesday. They discussed the potential of a 35,000-seat domed stadium on the Las Vegas Festival Grounds site, located on the southwest corner of Las Vegas Boulevard and Sahara Avenue.

Las Vegas Strip breaks monthly revenue record

Led by a record surge on the Las Vegas Strip, Nevada closed 2022 with its 22nd consecutive months of $1 billion and higher in gaming revenue and added to its record gaming revenue for the year, which was set in November. For calendar-year 2022, Nevada reported $14.8 billion in gaming revenue, topping the $13.4 billion in 2021, a 10.5% increase. The Nevada Gaming Control Board reported Tuesday that casinos collected $1.31 billion in revenue in December, a 14.3% jump over December 2021.

Sharp bettors weigh in quickly on Super Bowl; two 6-figure wagers

Patrick Mahomes needed all of his magic to help send the Chiefs to their third Super Bowl in four years. But sharp bettors don’t believe in magic. They’re banking on the Philadelphia Eagles to beat Kansas City in Super Bowl LVII for the franchise’s second NFL title in six years. Less than 30 minutes after the Super Bowl line opened at pick’em at multiple sportsbooks, the Eagles emerged as consensus 1½-point favorites.

Governor names ex-judge George Assad to seat on Nevada Gaming Control Board

Former Las Vegas judge George Assad, who was sanctioned by judicial overseers for a punishment he meted out and lost his re-election bid after his son robbed the Bellagio in a high-profile heist more than a decade ago, was named to the Gaming Control Board on Monday by Gov. Joe Lombardo. Assad, 71, who was a Las Vegas Municipal Court judge from 2002 until 2011, will have a four-year term as a member of the board that directs the statewide agency charged with regulating and enforcing laws.

Tribes need to do a better job of coordination

Tribal organizations with departments ranging from casino gaming to health care need to do a better job of understanding everyone’s needs, thinking strategically, and working toward common goals that benefit tribes for the long term. That was the prevailing sentiment that emerged from the panel discussion, “The Top Five Things Tribal Councils Should Expect and Evaluate from Their Executive Leaders,” held at the Raving Next gaming conference in Albuquerque.

Some overdue recognition

I’ve always been a fan of awards in the gambling industry. In my mind, any recognition beyond a paycheck and a pat on the back has value. Our industry has never lacked awards. The biggest enchilada is certainly induction into the American Gaming Association’s Hall of Fame. Like all Halls of Fame, only the most successful movers and shakers get inducted into the AGA’s Hall, no posers or wannabes. Many gaming-media companies issue awards, including regional gambling publications and newspapers that serve casino cities, although most newspapers are just trying to sell advertising to the honored casinos and companies.

Industry poised for “biggest-ever” ICE London

Clarion Gaming has confirmed next week’s ICE London 2023 will be the biggest on record, occupying 41 halls of its London ExCeL home. Having returned from the pandemic last April with a scaled-back offering, this year’s ICE will occupy 51,466 square metres of the London-docklands exhibition centre, exceeding the previous high of 49,690 m2 in 2020. Sister show iGB Affiliate London will occupy ExCel’s remaining three halls, with a week’s worth of satellite events throughout London.

Las Vegas tourism helps fuel strong Boyd Gaming earnings

Aided by a boost in the Las Vegas economy and tourism, Boyd Gaming set a record for revenue and adjusted earnings during the fourth quarter and 2022 as a whole, setting the stage for strong earning reports to come in February from Strip and other operators. For all of 2022, Boyd Gaming reported revenue of $3.56 billion, compared to $3.37 billion for 2021. Net income was $639.4 million, or $5.87 per share, compared to net income of $463.8 million, or $4.07 per share, for 2021.

Aristocrat finalizes acquisition of Roxor Gaming

Aristocrat Leisure Limited Friday announced it has completed the acquisition of igaming supplier Roxor Gaming Limited. The deal was first announced in September 2022. Roxor will form part of Aristocrat’s igaming business Anaxi, which was rebranded in October 2022. Aristocrat initially announced the creation of a dedicated igaming business in February 2022 to pair with Aristocrat Gaming and the Pixel United mobile-first publishing business. “We’re thrilled to welcome Roxor to Anaxi and the broader Aristocrat group,” said Anaxi CEO Mitchell Brown in a statement.

Texas: Casinos in Dallas-Fort Worth? Lawmakers will consider expanded gambling

A North Texas representative has filed legislation to expand casino gambling in Texas and legalize sports betting. Fort Worth Republican Rep. Charlie Geren filed the proposal on Friday. The legislation is supported The Destination Resort Alliance, which is backed by casino and resort company Las Vegas Sands. It remains to be seen whether the bill passes in a state that in the past has been reluctant to expand gaming, but Gov. Greg Abbott and House Speaker Dade Phelan have left the door open for expanded casino gambling as the legislative session that started in January begins to ramp up.

Las Vegas tourism helps fuel strong Boyd Gaming earnings

National (results) - Aided by a boost in the Las Vegas economy and tourism, Boyd Gaming set a record for revenue and adjusted earnings during the fourth quarter and 2022 as a whole, setting the stage for strong earning reports to come in February from Strip and other operators. For all of 2022, Boyd Gaming reported revenue of $3.56 billion, compared to $3.37 billion for 2021. Net income was $639.4 million, or $5.87 per share, compared to net income of $463.8 million, or $4.07 per share, for 2021. Total adjusted EBITDAR for 2022 was $1.39 billion versus $1.37 billion for 2021. Full-year 2022 adjusted earnings were $662.0 million, or $6.07 per share, compared to adjusted earnings of $584.2 million, or $5.12 per share, for 2021.

Penn reports small year-over-year revenue increase in Q4

National (results) - Despite a huge winning bet by Jim “Mattress Mack” McIngvale and inclement weather in December, Penn Entertainment’s 2022 fourth-quarter results were consistent…Penn’s revenue for the fourth quarter reached $1.6 billion, a year-over-year increase of 0.8%. But net income for the quarter, $20.8 million, decreased by more than 50% compared to the $44.8 million generated in the fourth quarter of 2021.

The World Series of Poker announces its full 2023 schedule

Nevada (Las Vegas) - The World Series of Poker has announced its full summer schedule with an eye on having the largest Main Event field in history and, if it happens, awarding the poker promotion of a lifetime. The 54th version of the world’s largest poker tournament runs May 30-July 18 at the recently rebranded Horseshoe Las Vegas with 95 bracelet events. The No-Limit Hold ’em World Championship, known as “The Main Event,” will take place from July 3 to 17 and if it sets a record for entries, one entrant will be drawn at random to win a Main Event for Life package, buying him or her into the next 30 Main Events.

Video gambling up statewide, mostly flat in area in 2022

Illinois (slots/results) - Video-gambling terminals in Illinois continued to rake in the dough in 2022, though in our area, revenues were flat or fell slightly…the amount of money put in minus the amount paid out — amounted to $2.71 billion in 2022, a 9.5 percent increase over 2021's $2.47 billion. At the same time, the number of terminals grew by about 7.6 percent, from 41,826 at the end of 2021 to a hair over 45,000 a year later.

Officials moving forward with plans for Diamond Jacks Casino

Louisiana (Bossier City) On Feb. 1, Mayor Tommy Chandler of Bossier City met with the Foundation Gaming Group to discuss the construction activity which will soon be happening at the former Diamond Jacks Casino property…Chandler and members of his staff met with the group and the project's general contractor AnderCorp to discuss the initial details of the future transformation on this casino and hotel.

Horseshoe Casino Baltimore workers rally

Maryland (Baltimore) - Unionized workers at Horseshoe Casino Baltimore are demanding raises in line with others in the gaming and hospitality industry in the city and elsewhere, saying casino revenues have rebounded since the pandemic while compensation has stalled. About 20 workers and union representatives demonstrated Wednesday in front of the casino on Russell Street near downtown, calling for raises, holiday pay and other changes. Workers said bargaining has stalled with owner Caesars Entertainment on a contract that expired in October.

Media Man Business Blog: Consolidation in the US Regulated Sports Betting Affiliate Space?

Media Man Business Blog

Consolidation in the US Regulated Sports Betting Affiliate Space?