GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

GOODWILL AND INTANGIBLE ASSETS [Abstract]

Summary of Changes in the Carrying Value of Goodwill

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

	UFC (1)		WWE (2)		Total
Balance — December 31, 2023	$	2,602,639	$	5,063,846	$	7,666,485
Foreign exchange and other		—		(1,205)		(1,205)
Balance — June 30, 2024	$	2,602,639	$	5,062,641	$	7,665,280

(1)Reflects goodwill resulting from the Company’s election to apply pushdown accounting to reflect EGH’s new basis of accounting in the UFC’s assets and liabilities, including goodwill, which occurred during 2016.

(2)Based on preliminary fair values acquired through the business acquisition of WWE. See Note 4, Acquisition of WWE, for further information.

Summary of Company's Identifiable Intangible Assets

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

	Weighted Average
	Estimated Useful Life				Accumulated
	(in years)		Gross Amount		Amortization		Carrying Value
Trademarks and trade names		22.8	$	2,891,826	$	(377,999)	$	2,513,827
Customer relationships		5.4		1,255,010		(469,398)		785,612
Other (1)		3.4		145,966		(43,514)		102,452
Total intangible assets			$	4,292,802	$	(890,911)	$	3,401,891

(1)Other intangible assets as of June 30, 2024 primarily consisted of talent roster, internally developed software and content library assets acquired through the business combination with WWE in September 2023. See Note 4, Acquisition of WWE, for further information.

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				Accumulated
	(in years)		Gross Amount		Amortization		Carrying Value
Trademarks and trade names		22.8	$	2,891,826	$	(314,685)	$	2,577,141
Customer relationships		5.5		1,254,210		(388,640)		865,570
Other (1)		3.4		145,438		(24,486)		120,952
Total intangible assets			$	4,291,474	$	(727,811)	$	3,563,663

(1)Other intangible assets as of December 31, 2023 primarily consisted of talent roster, internally developed software and content library assets acquired through the business combination with WWE in September 2023. See Note 4, Acquisition of WWE, for further information.