GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in the Carrying Value of Goodwill

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

	Owned Sports Properties			Events, Experiences & Rights			Representation			Total
Balance — December 31, 2021	$	2,741,048		$	1,266,144		$	499,362		$	4,506,554
Acquisitions		25,556			26,195			—			51,751
Foreign currency translation and other		(85	)		(7,486	)		(995	)		(8,566	)
Assets held for sale		—			(9,079	)		—			(9,079	)
Balance — June 30, 2022	$	2,766,519		$	1,275,774		$	498,367		$	4,540,660

Summary of Company's Identifiable Intangible Assets

The following table summarizes information relating to the Company’s identifiable intangible assets as of June 30, 2022 (in thousands):

	Weighted Average Estimated Useful Life (in years)		Gross Amount		Accumulated Amortization			Carrying Value
Amortized:
Trade names		17.3	$	978,100	$	(315,967	)	$	662,133
Customer and client relationships		6.3		1,325,181		(1,035,631	)		289,550
Internally developed technology		3.5		121,873		(78,838	)		43,035
Other		15.3		177,723		(47,681	)		130,042
			$	2,602,877	$	(1,478,117	)	$	1,124,760
Indefinite-lived:
Trade names			$	327,070	$	—		$	327,070
Owned events				464,068		—			464,068
Total intangible assets			$	3,394,015	$	(1,478,117	)	$	1,915,898

The following table summarizes information relating to the Company’s identifiable intangible assets as of December 31, 2021 (in thousands):

	Weighted Average Estimated Useful Life (in years)		Gross Amount		Accumulated Amortization			Carrying Value
Amortized:
Trade names		17.3	$	991,021	$	(291,326	)	$	699,695
Customer and client relationships		6.7		1,344,783		(1,012,509	)		332,274
Internally developed technology		3.9		120,175		(66,939	)		53,236
Other		14.3		142,657		(44,608	)		98,049
			$	2,598,636	$	(1,415,382	)	$	1,183,254
Indefinite-lived:
Trade names			$	340,029	$	—		$	340,029
Owned events				88,401		—			88,401
Total intangible assets			$	3,027,066	$	(1,415,382	)	$	1,611,684