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Joe Rogan's buddy now a member of his bosses company.
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Billionaire tech entrepreneur Elon Musk, the newest board member at Ari Emanuel’s Endeavor Group Holdings Inc., brings a new kind of star power to the financially troubled entertainment conglomerate that could drive a successful IPO, experts say.
But it’s Musk’s cult appeal rather than his business acumen that Endeavor is banking on for its second IPO attempt, said David Offenberg, an associate professor of finance at Loyola Marymount University focusing on the entertainment business. “Elon Musk is arguably one of the greatest entrepreneurs that the world has ever known. Any company would be lucky to have him advising their CEO and executive team,” Offenberg said.
But, he added, “Endeavor is no Disney — they’re not a brand name outside of Hollywood — so they need help getting investors’ attention,” Offenberger told TheWrap. “Elon Musk has a huge pop culture following and is a master at drawing attention to things that interest him. So Endeavor is seemingly hoping Elon Musk’s presence will draw investors and give life to the stock.”
https://www.google.com/amp/s/www.ya...lon-musk-effect-endeavor-hopes-130002155.html
https://www.google.com/amp/s/www.ma...ovid-disrupted-its-key-businesses-11617388711
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Billionaire tech entrepreneur Elon Musk, the newest board member at Ari Emanuel’s Endeavor Group Holdings Inc., brings a new kind of star power to the financially troubled entertainment conglomerate that could drive a successful IPO, experts say.
But it’s Musk’s cult appeal rather than his business acumen that Endeavor is banking on for its second IPO attempt, said David Offenberg, an associate professor of finance at Loyola Marymount University focusing on the entertainment business. “Elon Musk is arguably one of the greatest entrepreneurs that the world has ever known. Any company would be lucky to have him advising their CEO and executive team,” Offenberg said.
But, he added, “Endeavor is no Disney — they’re not a brand name outside of Hollywood — so they need help getting investors’ attention,” Offenberger told TheWrap. “Elon Musk has a huge pop culture following and is a master at drawing attention to things that interest him. So Endeavor is seemingly hoping Elon Musk’s presence will draw investors and give life to the stock.”
https://www.google.com/amp/s/www.ya...lon-musk-effect-endeavor-hopes-130002155.html
https://www.google.com/amp/s/www.ma...ovid-disrupted-its-key-businesses-11617388711