GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 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, 2020	$	2,674,038		$	1,011,217		$	495,924		$	4,181,179
Acquisitions		67,010			258,025			18,839			343,874
Divestiture		—			(432	)		(2,046	)		(2,478	)
Impairment		—			(1,979	)		(2,545	)		(4,524	)
Assets held for sale		—			—			(10,812	)		(10,812	)
Foreign currency translation and other		—			(687	)		2			(685	)
Balance — December 31, 2021	$	2,741,048		$	1,266,144		$	499,362		$	4,506,554		(1)
Acquisitions		25,585			836,371			—			861,956
Divestiture		(91,964	)		(8,390	)		—			(100,354	)
Impairment		—			(689	)		—			(689	)
Assets held for sale		—			(3,607	)		—			(3,607	)
Foreign currency translation and other		(631	)		22,574			(1,106	)		20,837
Balance — December 31, 2022	$	2,674,038		$	2,112,403		$	498,256		$	5,284,697		(1)

(1) Net of accumulated impairment losses of $192.7 million and $192.0 million as of December 31, 2022 and 2021, respectively.

Summary of Company's Identifiable Intangible Assets

The following table summarizes information relating to the Company’s identifiable intangible assets as of December 31, 2022 (in thousands):

	Weighted Average Estimated Useful Life (in years)		Gross Amount		Accumulated Amortization			Carrying Value
Amortized:
Trade names		17.1	$	1,048,530	$	(343,895	)	$	704,635
Customer and client relationships		6.9		1,464,584		(1,073,017	)		391,567
Internally developed technology		6.5		276,094		(92,573	)		183,521
Other		4.2		45,255		(44,654	)		601
				2,834,463		(1,554,139	)		1,280,324
Indefinite-lived:
Trade names				447,559		—			447,559
Owned events				463,481		—			463,481
Other				14,219		—			14,219
Total intangible assets			$	3,759,722	$	(1,554,139	)	$	2,205,583

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

Summary of Estimated Annual Intangible Amortization

Estimated annual intangible amortization for the next five years and thereafter is as follows (in thousands):

	Years Ending
	December 31,
2023	$	162,152
2024		146,668
2025		130,117
2026		117,889
2027		113,690
Thereafter		609,808
Total	$	1,280,324