CAA completed the sale of a majority stake in its own affiliate production outlet, Wiip, to the Korean studio JTBC to comply with the WGA franchise agreement,Endeavor, which became a publicly traded company in April, is the combination of sports, events, fashion and talent-management IMG and the agency WME.
In its first earnings report last week, the company reported $2.4 million in net income for the quarter, besting the $51.4 million the company lost in the same period in 2020.
WME purchased IMG in 2014 for $2.3 billion. WME itself was the combination of the legendary William Morris Agency and Endeavor.
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