TKO Releases Major Announcement Regarding Future of UFC, WWE Merger
Despite no UFC events for another week, TKO Group Holdings made the WWE-UFC merger official Thursday morning, kickstarting a new groundbreaking partnership.
According to TKO's press release, this news had been in the works for quite a while, and its timing, given what has been transpiring across the combat sports medium, was ideal.
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“Since Endeavor acquired UFC in 2016, UFC’s global partnerships business has become a significant growth area, and we believe WWE’s partnerships business has similar potential," TKO's Chief Financial Officer Andrew Schleimer said.
Schleimer credits both organizations for their global rise in popularity, making it a perfect fit, he said.
"Together, UFC and WWE create a sports marketing powerhouse, with hundreds of live events per year and a reach that’s equal to, or better than, the world’s biggest sports properties," Schleimer added. "The newly integrated global partnerships team will offer premium brands the opportunity to integrate and activate within UFC’s and WWE’s extraordinarily popular content to engage their massive fan bases around the world.”
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With the UFC's 300th pay-per-view event on the horizon and WWE's Money in the Bank in the summer, the merger represents two powerful entities near the top of the entertainment and sports umbrella, putting a stranglehold on their brands.
With Dana White's plan for further expansion, it is unknown how big the UFC could get, but with media rights deals at ESPN and exclusively on UFC Fight Pass, its potential becomes limitless.
The UFC pay-per-view schedule begins with UFC 297, taking place in Toronto, Canada, and headlined by Sean Strickland and Dricus Du Plessis for the middleweight title on Jan. 20.
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