Emanuel discusses how Endeavor leveraged infinite distribution to evolve from a talent agency into a global powerhouse through strategic acquisitions like UFC and IMG, overcoming early IPO challenges. He highlights a major shift in entertainment: creators now take equity in brands they promote, reshaping podcasting into a stakeholder-driven model. Live content is emerging as a critical antidote to AI saturation, with growing demand for real-world experiences signaling a move toward a three-day workweek. Balancing leadership at TKO and WME, Emanuel emphasizes IP ownership and platform choice—YouTube versus Netflix—as pivotal for creators. Sports must adapt to shorter attention spans and global markets, particularly in India, China, and Europe, by embracing faster formats and digital clip culture. Internationally, leagues are expanding reach through localized events and partnerships. Personally, Emanuel reflects on his competitive upbringing and growing respect for Elon Musk’s robotics ventures, underscoring a belief in their long-term economic impact.