Why Does Ari Emanuel Think Endeavor Can IPO This Time?

Since the last IPO was scuttled in 2019, profits tanked, losses grew, 2020 wrecked a major part of their business and entertainment is still pretty shaky

Endeavor’s scuttled IPO in 2019 was a rare loss for its high-profile CEO Ari Emanuel, who found out the hard way that pitching investors is not the same as wooing a new celebrity client.

Since then, the COVID-19 pandemic bludgeoned the Hollywood talent representation and live event conglomerate’s bottom line throughout 2020. Yet despite coming off a year of falling profits and rising debt — and a live events business still facing a painful recovery — Emanuel is back for Round 2 with Wall Street.

Become a member to read more.
Tim Baysinger

Tim Baysinger

TV Reporter • tim.baysinger@thewrap.com • Twitter: @tim_bays

Diane Haithman

Diane Haithman

Senior Entertainment Business Reporter • diane@thewrap.com • @dhaithman