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The WWE and UFC closed their merger today - combining to form TKO Group Holdings. The ticker symbol on the NYSE will be TKO. The new company is expected to have a $22B market capitalization and many have speculated that they will create a combined streaming service to promote the shared library of match content.

Although many here on MF probably identify singularly with being either a competitive grappling/BJJ guy versus a pro-wrestling/pro-fantasy guy, it's interesting to see that the overall "industry" has moved in the opposite direction - merging the two powerhouses.

Although there will likely be many, many more updates and analysis of the new company, this article today in the Hollywood Reporter (of all places) sheds light on the business thinking behind the deal:
https://www.hollywoodreporter.com/business/business-news/ufc-wwe-merger-close-tko-endeavor-1235579789/

It probably doesn't mean much in the short term for fans of either entity. Regardless of whether you like Raw and Smackdown or you prefer Dana's wild and wooly crew, it would seem that the new corporate powerhouse will continue to deliver the exciting fight drama we all love and crave.

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Letzte Änderung am 12.9.2023 15:33 von osakarob; 6 Kommentar(e)
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