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ari emanuel

T2 · manager / operator

Ari Emanuel co-founded Endeavor (formerly William Morris Endeavor), led the acquisition of UFC (2016) and WWE (2023) into TKO Group Holdings, and built a global live-events portfolio including IMG, PBR, On Location, and art fairs. He is launching Mari, a new music festival/venue venture. Known for high-velocity dealmaking and the 'live is anti-AI' investment thesis.

14 calls·13 names·71% bull·last heard 10 months ago·In Good Company with Nicolai Tangen+1
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$ZUFFA-BOXINGZuffa Boxingposition

Zuffa Boxing league with Paramount could rival UFC/WWE scale

Emanuel believes a UFC-style league structure for boxing (best fight best, centralized rights) can create stars, grow the pie, and generate a business as large as UFC/WWE, leveraging the Ali Act framework and Paramount distribution.

Invest Like The Best2025-11episode →
2ndhigh conviction
$TKOTKO Group Holdingsposition

Emanuel bets on TKO as core live entertainment platform

Emanuel is concentrating his capital and career on TKO (UFC/WWE) as the premier live sports/entertainment asset, believing live events are the 'anti-AI' hedge that grows more valuable as digital content costs approach zero.

Invest Like The Best2025-11episode →
3rdhigh conviction
$MARIMariposition

Emanuel raising capital to build next Live Nation in music

After Silver Lake pushed Endeavor to be agency-only, Emanuel raised outside capital for Mari to own and operate music festivals/venues, applying the UFC/IMG playbook of global roll-up, sponsorship scaling, and site-fee revenue.

Invest Like The Best2025-11episode →

most discussed · click a bar to filter

  • $TKO
  • $DIS
  • $FWONA
  • $FREEZE-ART-FAIR
  • $ENDEAVOR

recurring themes

  • Streaming & Media2
  • AI Economics & Business Models1
  • Combat Sports & Sports Entertainment1
  • Live Events & Experience Economy1
  • Public Markets & Valuation1
14 total
$DIS
···
The Walt Disney Company
LOWari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company
Emanuel notes ESPN pursued WWE for flagship launch content on new streaming service
ESPN needed a major live event property to drive subscriptions for its direct-to-consumer streaming service, making WWE's global appeal a strategic fit.
"With the WWE and ESPN, they wanted a big launch. They needed another thing to kind of drive people into their new service."
26:22
$FWONA
···
Formula One Group
LOWari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company
Emanuel reveals TKO considered buying F1 in 2016 but passed due to timing and capital constraints
Evaluated acquiring F1 from CVC for $9-10B but declined because TKO hadn't yet executed its broadcast strategy, faced Brexit-related banking issues, and lacked deep banking relationships; acknowledges regret but notes subsequent success.
"we had been working on uh CBC in the UK. they had owned it at the time uh to buy it because they were you know they it had run its cycle and uh Egon real we had just bought three…"
22:24
$FREEZE-ART-FAIR
Freeze Art Fair
HIGHari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company· position
Emanuel acquires Freeze Art Fair as cornerstone of $2B live events platform betting on AI-driven leisure time surge
AI will shorten work weeks to 3-4 days, creating massive free time; humans are social animals who will spend it on live experiences (sports, art fairs, music, food festivals), so building a global live events platform akin to Live Nation.
"I have a thesis that um you know we're down to four day work weeks, maybe three day work weeks. Europe, you know, um with AI and a bunch of other stuff. Co started it. And so if t…"
30:14
$ENDEAVOR
Endeavor Group Holdings
HIGHari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company· position
Emanuel takes Endeavor private after public market fails to value conglomerate spanning sports, representation, live events
Public markets never understood Endeavor's conglomerate model covering sports ownership, talent representation, and live events; taking it private with Silver Lake allows focus on pure-play sports spinout (TKO) and building a global live events platform.
"we looked around after, you know, significant time and other representative businesses were getting valuations of $7 billion. And this doesn't make sense. And that's, you know, it…"
17:52
$TKO
···
TKO Group Holdings
HIGHari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company· position
Emanuel details TKO pure-play sports thesis: UFC/WWE merger creates global live events powerhouse
Merging UFC and WWE into TKO creates a pure-play sports entity with 350 annual events, global distribution, and significant integration savings; the market previously undervalued the conglomerate structure of Endeavor.
"we first started out with just UFC and WWE. Vince under circumstances had to leave. We then realized here's the remaining portion of what sports is which is distribution productio…"
12:10
$FOX
···
Fox Corporation
LOWari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company
Ari Emanuel saw UFC as essential to Fox's streaming strategy
Emanuel believed Fox needed UFC as sports became a critical driver of streaming. He anticipated the distribution shift but explicitly said he did not foresee Fox selling its regional sports networks.
"I did my calculation that Fox had to have the product based on where they were going with their business from the RSNs and etc."
13:18
$LYV
···
Live Nation Entertainment
MEDari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company
Emanuel cites Live Nation as model for building global live events platform across sports, art, collectibles
Live Nation's dominant position in music live events demonstrates the scalable platform model Emanuel is replicating across sports, art fairs, collectibles, and food festivals through his private Endeavor live events division.
"we're gonna create a mini version because they're a great company, but in live events, a global uh live events business as this world kind of transforms itself um with AI."
31:14
$NFLX
···
Netflix
LOWari emanuel·In Good Company with Nicolai Tangen·11 months ago·Ariel Emanuel - CEO of TKO Group Holdings | Podcast | In Good Company
Emanuel describes Netflix partnership strategy: streaming giant sought WWE for advertising tier launch
Netflix partnered with TKO for WWE rights to drive adoption of its new advertising-supported tier, demonstrating how sports content anchors streaming service monetization strategies.
"Netflix wanted to get to an advertising base. Each one of them have different reasoning for what why they want an asset and so you have to tailor your presentations to those assets"
26:28
$ZUFFA-BOXING
Zuffa Boxing
HIGHari emanuel·Invest Like The Best·10 months ago·Ari Emanuel’s "Anti-AI" Bet on Live Entertainment· position
Zuffa Boxing league with Paramount could rival UFC/WWE scale
Emanuel believes a UFC-style league structure for boxing (best fight best, centralized rights) can create stars, grow the pie, and generate a business as large as UFC/WWE, leveraging the Ali Act framework and Paramount distribution.
"And if we do that, I think fighters are going to make more money. Cuz right now, you don't know any great fighters. ... I think it can be as big or bigger than the UFC and and the…"
30:31
$TKO
···
TKO Group Holdings
HIGHari emanuel·Invest Like The Best·10 months ago·Ari Emanuel’s "Anti-AI" Bet on Live Entertainment· position
Emanuel bets on TKO as core live entertainment platform
Emanuel is concentrating his capital and career on TKO (UFC/WWE) as the premier live sports/entertainment asset, believing live events are the 'anti-AI' hedge that grows more valuable as digital content costs approach zero.
"I got some big investments called TKO. And I'll bet on myself and and um and uh Mari. I I'm betting on myself. Yeah. I'm not smart enough now I bonds. I'm not smart enough to to k…"
46:19
9
Streaming & Mediatailwind
Streaming wars drive premium valuation for owned sports IP as distributors fight for advertising and subscription anchors
Streaming services (Netflix, ESPN, Fox) increasingly need owned live sports properties to launch ad tiers and drive subscriptions, shifting leverage to sports rights owners who can extract 90% of value versus 10% as agents.
9
Streaming & Mediatailwind
Live entertainment is the 'anti-AI' hedge as content costs collapse
As AI drives marginal cost of scripted content toward zero, value shifts to scarce, non-replicable live experiences (sports, concerts, festivals) that satisfy human social craving; Emanuel is allocating 100% of his capital to this thesis via TKO and Mari.
8
AI Economics & Business Modelstailwind
AI supercharges top creators; taste and distribution become the moat
AI tools (Grok, Perplexity, Sora) compress production timelines from months to hours, eliminating cost barriers to entry; the winners will be those with taste (curation) and owned distribution (Dwayne Johnson, MrBeast, Dana White becoming their own channels), not raw production capacity.
8
Combat Sports & Sports Entertainmenttailwind
UFC-WWE merger creates combat sports monopoly positioned to dominate boxing and jiu-jitsu
Consolidating UFC and WWE under TKO with shared production, distribution, and talent development creates a flywheel to expand into adjacent combat sports (boxing, jiu-jitsu) leveraging Saudi capital and regulatory reform (Ali Act).
8
Live Events & Experience Economytailwind
AI-driven shorter work weeks will fuel structural demand for live experiences across sports, art, and festivals
As AI automation compresses work weeks to 3-4 days, the resulting surge in leisure time will drive sustained demand for in-person social experiences—sports events, art fairs, music festivals, and food events—creating a multi-decade tailwind for live event platforms.
7
Public Markets & Valuationmixed
Public markets undervalue complex entertainment conglomerates, favoring pure-play sports spinouts
Endeavor's conglomerate structure spanning talent representation, sports ownership, and live events was opaque to public investors; spinning out UFC/WWE as pure-play TKO unlocked value while the remaining private entity pursues live events roll-up.
7
AI Regulation & Policytailwind
IP owners will sue and win compensation for AI training on copyrighted content
Emanuel has sent cease-and-desist to OpenAI over UFC/WWE content; he believes courts will require AI labs to pay for training data (citing Larry David's Seinfeld/Curb as precedent), creating a new revenue stream for premium IP holders.
7
Creator Economytailwind
Podcasting and creator platforms will replicate the Oprah/cable syndication model
Top podcasters will become network owners: incubating new shows, providing sponsors/distribution, taking equity, and eventually owning IP — mirroring how Oprah launched Dr. Phil and syndicated him; Emanuel explicitly advises the host to execute this playbook.