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REVENUE (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Company's Revenue Disaggregated by Primary Revenue

The following table presents the Company’s revenue disaggregated by primary revenue sources for the years ended December 31, 2022, 2021 and 2020 (in thousands):

 

 

Year Ended December 31, 2022

 

 

 

Owned Sports Properties

 

 

Events, Experiences
& Rights

 

 

Representation

 

 

Total

 

Media rights

 

$

674,043

 

 

$

637,956

 

 

$

 

 

$

1,311,999

 

Media production, distribution and content

 

 

6,113

 

 

 

322,913

 

 

 

288,477

 

 

 

617,503

 

Events and performance

 

 

652,179

 

 

 

1,491,097

 

 

 

 

 

 

2,143,276

 

Talent representation and licensing

 

 

 

 

 

 

 

 

900,431

 

 

 

900,431

 

Marketing

 

 

 

 

 

 

 

 

323,242

 

 

 

323,242

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

(28,314

)

Total

 

$

1,332,335

 

 

$

2,451,966

 

 

$

1,512,150

 

 

$

5,268,137

 

 

 

 

Year Ended December 31, 2021

 

 

 

Owned Sports Properties

 

 

Events, Experiences & Rights

 

 

Representation

 

 

Total

 

Media rights

 

$

642,879

 

 

$

923,969

 

 

$

 

 

$

1,566,848

 

Media production, distribution and content

 

 

5,700

 

 

 

347,126

 

 

 

1,023,798

 

 

 

1,376,624

 

Events and performance

 

 

459,628

 

 

 

760,188

 

 

 

 

 

 

1,219,816

 

Talent representation and licensing

 

 

 

 

 

 

 

 

698,679

 

 

 

698,679

 

Marketing

 

 

 

 

 

 

 

 

237,280

 

 

 

237,280

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

(21,534

)

Total

 

$

1,108,207

 

 

$

2,031,283

 

 

$

1,959,757

 

 

$

5,077,713

 

 

 

 

Year Ended December 31, 2020

 

 

 

Owned Sports Properties

 

 

Events, Experiences & Rights

 

 

Representation

 

 

Total

 

Media rights

 

$

555,124

 

 

$

785,374

 

 

$

 

 

$

1,340,498

 

Media production, distribution and content

 

 

5,956

 

 

 

259,939

 

 

 

278,735

 

 

 

544,630

 

Events and performance

 

 

391,544

 

 

 

548,196

 

 

 

 

 

 

939,740

 

Talent representation and licensing

 

 

 

 

 

 

 

 

474,704

 

 

 

474,704

 

Marketing

 

 

 

 

 

 

 

 

190,434

 

 

 

190,434

 

Eliminations

 

 

 

 

 

 

 

 

 

 

 

(11,263

)

Total

 

$

952,624

 

 

$

1,593,509

 

 

$

943,873

 

 

$

3,478,743

 

Summary of Transaction Price Related to These Future Obligation

The following table presents the aggregate amount of transaction price allocated to remaining performance obligations for contracts greater than one year with unsatisfied or partially satisfied performance obligations as of December 31, 2022 (in thousands). The transaction price related to these future obligations does not include any variable consideration.

 

 

Years Ending
December 31,

 

2023

 

$

1,805,472

 

2024

 

 

1,359,995

 

2025

 

 

1,173,223

 

2026

 

 

249,386

 

2027

 

 

178,624

 

Thereafter

 

 

474,105

 

 

 

$

5,240,805

 

Summary of Company's Contract Liabilities

The following table presents the Company’s contract liabilities as of December 31, 2022 and 2021 (in thousands):

Description

 

Balance at Beginning of Year

 

 

Additions

 

 

Deductions

 

 

Acquisitions

 

 

Held for Sale

 

 

Foreign Exchange

 

 

Balance at End of Year

 

Deferred revenue - current

 

$

651,760

 

 

$

2,535,295

 

 

$

(2,501,776

)

 

$

26,974

 

 

$

(1,889

)

 

$

5,783

 

 

$

716,147

 

Deferred revenue - noncurrent

 

$

62,155

 

 

$

32,923

 

 

$

(5,118

)

 

$

2,082

 

 

$

 

 

$

(204

)

 

$

91,838