Ari Emanuel
Endeavor Sued For Allegedly Stealing Marketing Ideas for IPO Effort
A consultant is suing Endeavor claiming he gave the company the blueprint to salvage its debut on the public market, which led to a successful $10.3 billion IPO, but he wasn’t compensated or given credit. David Carde began his complaint, which was filed Thursday in L.A. County Superior Court, by comparing this alleged theft to when the founders of Endeavor left ICM in 1995 and in the middle of the night “stole a bunch of client files and stuffed them into a SUV parked by a freight elevator.” “Following the embarrassment of the failed first IPO, Endeavor’s crushing debt became an existential threat after the COVID pandemic ground the Company’s business to a halt,” reads the complaint, which is embedded below. “However, once Endeavor stole and then embraced Mr. Carde’s approach of communicat...
Ari Emanuel Leaves Live Nation Board After Stocks Vest, Taking Endeavor Public
But his timing exiting Live Nation makes sense for another reason: Documents obtained by Billboard suggest Emanuel was waiting until June 3 for the vesting of his final stock award of 4,470 shares issued June 2020 worth nearly $400,000. In a Live Nation SEC filing announcing Emanuel’s exit, the company said he “withdrew from reelection to the board of directors and will not be standing for reelection at the Company’s annual meeting of stockholders” on June 10. Live Nation officials note that the split was amicable and “not the result of any disagreement.” Emanuel has enjoyed a long relationship with Live Nation chief executive and president Michael Rapino. Endeavor’s talent agency, WME, is one of the world’s largest music agencies and has booked the company’s clients across Live Nati...
