WME-IMG has changed the name of its six-letter parent company, which will now be called Endeavor.
A throwback to the agency that Ari Emanuel co-founded 1997, where he met his current co-CEO Patrick Whitesell, the refreshed name will continue to manage all portfolio companies including powerhouse talent agency WME and New York-based fashion and events company IMG.
“WME-IMG represented a pivotal moment in our company’s history, but it does not accurately reflect the extent of our diversity or indicate where we’re headed,” Emanuel said in a statement.
Also Read: WME-IMG Buys Ken Kao and Alex Walton's Film Sales Company Bloom
Emanuel and Whitesell remain in power and have seats on the Endeavor board. WME represents some of the biggest stars and content makers in Hollywood.
Last year, the company closed a juggernaut acquisition of pay-per-view sports mint Ultimate Fighting Championship.
In August, the company was infused with a $1.1 billion investment which saw its valuation soar to $6.3 billion, up from its $5.5 billion valuation last year.
Summer 2017 Movie Winners and Losers, From 'Spider-Man: Homecoming' to 'The House' (Photos)
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Who killed it this summer, and who should hope to have a better fall? Check out TheWrap's list of this summer's movie winners and losers.
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WB
WINNER: "Wonder Woman"
Apart from making more than $400 million at the domestic box office, the movie was critically lauded and united girls, boys, men and women all over the world -- doing did things no superhero movie has done before it. -
WB
LOSER: "Rough Night"
Unfortunately, Sony's "Rough Night" has only banked $22 million so far although it was produced for $20 million. Plus, it received mixed reviews from critics -- and one month later, a similar comedy (in that it starred several recognizable actresses in a tale of old friends reuniting with a wild night that gets way out of hand) performed better among critics and the box office. -
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WINNER: Patty Jenkins
Jenkins directed the second biggest movie of the year -- "Wonder Woman" -- and has been an outspoken critic about female representation in Hollywood. Plus, she is in the process of negotiating a record-breaking deal to helm its sequel. -
Universal
LOSER: "The Mummy"
Tom Cruise's reboot of the Brendan Fraser films cost a reported $125 million to produce but has only grossed $80 million domestically. Thankfully, it played well overseas, but it still received a Rotten Tomatoes score of 16 percent. -
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WINNER: Christopher Nolan
Christopher Nolan resurfaced this summer with "Dunkirk," which has become a strong Oscar contender and was very well-reviewed by critics. It currently has a 93 percent "fresh" score on Rotten Tomatoes. -
LOSER: "The House"
You'd think a movie starring Amy Poehler and Will Ferrell would be a hit, but no. For Ferrell, it’s the worst opening weekend for any of his movies with a screen count of over 3,000 locations, even lower than the $15 million made in 2008 by “Semi-Pro” and the $13.8 million made by “Zoolander No. 2” last year.WB Domestic Distribution President Jeff Goldstein told TheWrap, "We’re so disappointed. We had much higher hopes."
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WB
WINNER: "Dunkirk"
As previously mentioned, "Dunkirk" received stellar reviews and raked in a solid amount of money both domestically and overseas. It was lauded as a "masterpiece." -
Sony
LOSER: Any Parent Sent to Watch "Emoji Movie"
"The Emoji Movie" became summer's worst reviewed movie, even below "Transformers" and "The Nut Job 2." We just feel bad for the parents that were forced to take their kids to the theater to see it. And there were a lot ... -
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WINNER: Ansel Elgort
"Baby Driver" pretty much defied all expectations and had solid reviews but also made a decent amount of money. Many praised Ansel Elgort in his career-turning performance, and people loved the soundtrack of the movie itself. -
Fox
LOSER: Sequels
"Transformers: The Last Knight," "Pirates of the Caribbean: Dead Men Tell No Tales" and "Alien: Covenant" all underperformed at the domestic box office. Audiences at home seem to be sick and tired of sequels, although those particular 3 raked in huge overseas. -
WINNER: Disney
Disney's summer roster included "Guardians of the Galaxy Vol. 2," "Pirates of the Caribbean 5" and "Cars 3," all big blockbusters that raked in the big bucks -- although "Pirates" came in big overseas. -
Paramount
LOSER: Paramount
Paramount received a blow this summer: "Baywatch" and "Transformers: The Last Knight" bombed domestically. Of course, international box office came to the rescue, but both movies were widely panned by critics. -
New Line
WINNER: "Annabelle: Creation"
The horror genre is one of the most sustainable genres in the industry as it keeps proving that low risk-high reward pays off. "Creation" over-performed when it opened and also received pretty decent reviews. -
STX
LOSER: "Valerian and the City of a Thousand Planets"
Luc Besson's latest sci-fi fantasy didn't do well domestically or internationally. It has only grossed around $172 million worldwide to date although it was produced for around $177.2 million. Poor casting, an unfamiliar story and the fact that "Guardians of the Galaxy" opened right before it could've been reasons it failed to launch. -
Paramount
WINNER: Zac Efron's Abs for "Baywatch
"Baywatch" was filled with hot bots, but all eyes seemed to wander towards Zac Efron's abs. The actor underwent a heavy workout regime and diet to look like that -- and we appreciate it. -
Paramount
LOSER: "Transformers"
As previously mentioned, "The Last Knight" failed to launch at the box office. Not only did it rake in significantly less than its predecessors, but it was also widely panned by critics. However, Paramount doesn't seem to care about audiences growing tired of the franchise -- a spin-off, "Bumblebee," is already in the works. -
WINNER: Warner Bros.
Even though "The House" bombed, Warner Bros. has had huge successes this summer, of course including "Wonder Woman" and "Dunkirk." -
Sony
LOSER: "The Dark Tower"
The movie adaptation of one of Stephen King's most famous works unfortunately failed to resonate with audiences. It somewhat underperformed and critics didn't love the film starring Matthew McConaughey and Idris Elba. -
WINNER: Tiffany Haddish
Newcomer Tiffany Haddish received a lot of praise for what critics called a "breakout" performance in "Girls Trip." -
Disney
LOSER: Memorial Day Weekend
This year's Memorial Day Weekend was the worst since the turn of the century in terms of box office. According to numbers from comScore and Box Office Mojo, the 2017 Memorial Day weekend totals only amounted to $180.6 million, down 12 percent from the $205.4 million made last year and 43 percent from the record-setting $314 million made in 2013. -
WINNER: "Girls Trip"
"Girls Trip" succeeded where other adult comedies failed. Directed by Malcolm D. Lee, the film has posted the biggest opening in the genre so far this year with a final tally of $31.2 million. -
Sony
LOSER: "Emoji Movie"
Yes, "The Emoji Movie" scored $25 million its opening weekend, but it was widely panned by critics and became the worst reviewed movie of the summer. -
Illumination
WINNER: Illumination
Illumination killed it this summer with "Despicable Me 3," which propelled the franchise into becoming the highest grossing animation franchise ever. -
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LOSER: Sony Pictures
The studio got hit with a double whammy this summer: "Emoji Movie" and "Dark Tower" flopped, and the studio lost its $200 million slate financing deal with Texas private equity firm Lone Star. Sony's weak run at the box office was the main reason Lone Star bailed on the deal, but chief Tom Rothman didn't help matters when he plopped his feet on the boss' desk during a disastrous meeting. -
Sony
WINNER: "Spider-Man: Homecoming"
Jon Watts' take on the webbed superhero received a 92 percent Rotten Tomatoes score, has grossed over $737 million worldwide and has already spawned sequel. We'd say it's definitely a winner. -
Lionsgate
LOSER: August
Let's be honest -- August has been kind of a dud. In the past two weeks, no big releases were unveiled, and although mid-August through early September is known to be sleepy, this year has been exceptionally slow. According to The Guardian, this August is down 35 percent from last year. -
Warner Bros.
WINNER: DC Execs
After the gloominess of “Batman v Superman” and “Suicide Squad,” a team of DC executives and creatives looked for a new guiding philosophy. Three executives — Kevin Tsujihara, chairman of Warner Bros. Entertainment, Greg Silverman, the former president of Creative Development and Worldwide Production and Diane Nelson, president of DC Entertainment and Warner Bros. Consumer Products — decided to give oversight of the DC film projects to the dynamic duo of Geoff Johns and Jon Berg. The duo helped "Wonder Woman" become this summer's smash hit and course corrected DC movies.
Warner Bros. had a great few months — but other studios, filmmakers and stars weren’t so lucky
Who killed it this summer, and who should hope to have a better fall? Check out TheWrap's list of this summer's movie winners and losers.