Can the UFC and ESPN Find Common Ground in the Ring?

Mark Shapiro, the president-COO of TKO and former ESPN executive, is optimistic about the chances of the Ultimate Fighting Championship (UFC) renewing its deal with ESPN and Disney. He believes that the two companies have a deep understanding of synergy, marketing, and technology, which would benefit the UFC. Shapiro also praised Disney CEO Bob Iger, who he described as a "sports freak" due to his passion for sports and his involvement in various sports ventures. However, Shapiro acknowledged that there are other platforms interested in premium sports content and that the demand is outstripping the supply. If the UFC and ESPN cannot come to an agreement, Shapiro is willing to explore other options, including working with platforms like Netflix, which has shown a willingness to invest in sports content. One potential challenge for the UFC is the ongoing legal battle with former fighters over a class-action lawsuit. The company faces a significant financial burden if it is forced to pay the requested damages. Shapiro is determined to fight the lawsuit and has expressed a willingness to appeal any adverse outcomes.