v3.25.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
GOODWILL AND INTANGIBLE ASSETS [Abstract]  
Summary of Changes in the Carrying Value of Goodwill

The changes in the carrying value of Goodwill are as follows (in thousands):

 

UFC (1)

 

 

WWE (3)

 

 

IMG

 

 

Corporate and Other

 

 

Total

 

Balance — December 31, 2022

 

$

2,602,639

 

 

$

—

 

 

 

745,590

 

 

 

39,780

 

 

$

3,388,009

 

Acquisitions

 

 

—

 

 

 

5,063,774

 

 

 

—

 

 

 

—

 

 

 

5,063,774

 

Impairment

 

 

—

 

 

 

—

 

 

 

(7,544

)

 

 

—

 

 

 

(7,544

)

Foreign currency translation and other

 

 

—

 

 

 

72

 

 

 

89

 

 

 

—

 

 

 

161

 

Balance — December 31, 2023 (2)

 

 

2,602,639

 

 

 

5,063,846

 

 

 

738,135

 

 

 

39,780

 

 

 

8,444,400

 

Acquisitions

 

 

—

 

 

 

(707

)

 

 

—

 

 

 

—

 

 

 

(707

)

Foreign exchange

 

 

—

 

 

 

(1,559

)

 

 

(141

)

 

 

—

 

 

 

(1,700

)

Balance — December 31, 2024 (2)

 

$

2,602,639

 

 

$

5,061,580

 

 

$

737,994

 

 

$

39,780

 

 

$

8,441,993

 
(1)
Reflects goodwill resulting from the Company’s election to apply pushdown accounting to reflect EGH’s new basis of accounting in the UFC’s assets and liabilities, including goodwill, which occurred during 2016.
(2)
Net of accumulated impairment losses of $116.1 million as of December 31, 2024 and 2023.
(3)
Reflects goodwill resulting from the Transactions. See Note 4, Acquisition of WWE, for further information.
Summary of Company's Identifiable Intangible Assets

The following table summarizes information relating to the Company’s identifiable intangible assets as of December 31, 2024 (in thousands):

 

Gross Amount

 

 

Accumulated
Amortization

 

 

Carrying Value

 

Amortized:

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

$

3,011,169

 

 

$

(489,148

)

 

$

2,522,021

 

Customer relationships

 

 

1,630,070

 

 

 

(792,389

)

 

 

837,681

 

Internally developed technology

 

 

9,505

 

 

 

(6,000

)

 

 

3,505

 

Other (1)

 

 

156,493

 

 

 

(70,366

)

 

 

86,127

 

 

$

4,807,237

 

 

$

(1,357,903

)

 

$

3,449,334

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

$

181,649

 

 

$

—

 

 

$

181,649

 

Owned events

 

 

18,920

 

 

 

—

 

 

 

18,920

 

Total intangible assets

 

$

5,007,806

 

 

$

(1,357,903

)

 

$

3,649,903

 

(1) Other intangible assets as of December 31, 2024 primarily consisted of talent roster, internally developed software and content library assets acquired through the business combination with WWE in September 2023. See Note 4, Acquisition of WWE, for further information.

 

The following table summarizes information relating to the Company’s identifiable intangible assets as of December 31, 2023 (in thousands):

 

 

Gross Amount

 

 

Accumulated
Amortization

 

 

Carrying Value

 

Amortized:

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

$

3,010,938

 

 

$

(356,194

)

 

$

2,654,744

 

Customer relationships

 

 

1,630,962

 

 

 

(623,878

)

 

 

1,007,084

 

Internally developed technology

 

 

9,505

 

 

 

(4,852

)

 

 

4,653

 

Other (1)

 

 

153,280

 

 

 

(32,328

)

 

 

120,952

 

 

$

4,804,685

 

 

$

(1,017,252

)

 

$

3,787,433

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

$

182,979

 

 

$

—

 

 

$

182,979

 

Owned events

 

 

19,218

 

 

 

—

 

 

 

19,218

 

Total intangible assets

 

$

5,006,882

 

 

$

(1,017,252

)

 

$

3,989,630

 

 

(1) Other intangible assets as of December 31, 2023 primarily consisted of talent roster, internally developed software and content library assets acquired through the business combination with WWE in September 2023. See Note 4, Acquisition of WWE, for further information.

Aggregate Amount of Amortization of Intangible Assets

Estimated annual intangible amortization, including amortization of intangible assets acquired in the Transactions, for the next five years and thereafter is as follows (in thousands):

 

Total

 

2025

 

$

279,261

 

2026

 

 

267,586

 

2027

 

 

232,874

 

2028

 

 

214,904

 

2029

 

 

214,034

 

Thereafter

 

 

2,240,675

 

Total remaining amortization

 

$

3,449,334