ACQUISITION AND DIVESTITURES (Tables)

9 Months Ended

Sep. 30, 2024

Business Combinations [Abstract]

Schedule of Fair Values of the Assets Acquired and the Liabilities Assumed in the Business Combination

The acquisition was accounted for as a business combination and the fair values of the assets acquired and liabilities assumed in the business combination are as follows (in thousands):

	WWE
Cash and cash equivalents	$	381,153
Accounts receivable		105,237
Other current assets		89,256
Property, buildings and equipment		398,004
Right of use assets		12,337
Investments		12,007
Other assets		283,287
Intangible assets:
Trade names		2,188,200
Customer relationships		900,500
Internally developed technology		30,000
Other		98,300
Goodwill		5,063,068
Accounts payable and accrued expenses		(124,280	)
Operating lease liability		(12,224	)
Deferred revenue		(54,190	)
Deferred tax liabilities		(663,193	)
Debt		(16,934	)
Other long-term liabilities		(258,467	)
Net assets acquired	$	8,432,061

Schedule of Pro Forma Financial Information

The following unaudited pro forma financial information presents the Company’s financial results as if the WWE acquisition had occurred as of January 1, 2022 (in thousands):

	Three Months Ended September 30,			Nine Months Ended September 30,
	2023			2023
Pro forma revenue	$	1,449,054		$	4,956,068
Pro forma net (loss) income		(22,568	)		650,193