What the business leans on

1. 1UFC and WWE rely on television and streaming partners to distribute much of their programming; changes to or loss of rights agreements can affect access to audiences and revenue.
2. 2The appeal of TKO events depends on audience interest in its brands and the continued availability of athletes, wrestlers and other performers.
3. 3IMG depends on sports organizations and event owners hiring it to sell media rights, produce content and manage sponsorships or events.
4. 4Live events depend on venues, permits and athletic or other local approvals, as well as fans and partners being able to attend or participate.