GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2024

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, 2023	$	7,737,884		$	1,261,893	$	517,366	$	9,517,143
Foreign currency translation and other		(2,493	)		4,037		439		1,983
Balance — September 30, 2024	$	7,735,391		$	1,265,930	$	517,805	$	9,519,126

Summary of Company's Identifiable Intangible Assets

The following table summarizes information relating to the Company’s identifiable intangible assets as of September 30, 2024 (in thousands):

	Weighted Average Estimated Useful Life (in years)	Gross Amount		Accumulated Amortization			Carrying Value
Amortized:
Trade names	22.7	$	3,139,634	$	(526,233	)	$	2,613,401
Customer and client relationships	8.3		2,235,434		(1,311,318	)		924,116
Internally developed technology	3.2		105,048		(78,164	)		26,884
Other	4.0		149,393		(75,153	)		74,240
		$	5,629,509	$	(1,990,868	)	$	3,638,641
Indefinite-lived:
Trade names			416,347		—			416,347
Owned events			503,543		—			503,543
Total intangible assets		$	6,549,399	$	(1,990,868	)	$	4,558,531

The following table summarizes information relating to the Company’s identifiable intangible assets as of December 31, 2023 (in thousands):

	Weighted Average Estimated Useful Life (in years)	Gross Amount		Accumulated Amortization			Carrying Value
Amortized:
Trade names	22.7	$	3,138,390	$	(420,798	)	$	2,717,592
Customer and client relationships	8.3		2,229,807		(1,159,370	)		1,070,437
Internally developed technology	3.2		104,248		(68,216	)		36,032
Other	4.0		149,187		(53,994	)		95,193
		$	5,621,632	$	(1,702,378	)	$	3,919,254
Indefinite-lived:
Trade names			410,113		—			410,113
Owned events			482,917		—			482,917
Total intangible assets		$	6,514,662	$	(1,702,378	)	$	4,812,284