Is Hollywood his next frontier? – Deadline

Elon Musk, director of Tesla, SpaceX, Neuralink and The Boring Company, has been appointed to the board of directors of Endeavor Group Holdings.

The parent company of talent agency WME, UFC sportswear and many other assets revealed their connection to Musk in a new SEC filing regarding their plans to go public this year.

Musk, who has been CEO of Tesla since 2008 and previously co-founded PayPal, is classified as a leadership contestant. He will officially join the board of directors “at or before the price of this offer”, indicates the file.

Endeavor said he chose Musk for the board “because of his professional background and experience in running a public company, his senior executive roles previously, his service on other boards of administration of public companies and his experience in starting, growing and integrating businesses.

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The record noted that Musk was not the simplest of corporate arrows, although it did lead Tesla to record earnings and turn him from an idea into a legitimate automaker. In 2018, according to the record, the U.S. District Court for the Southern District of New York finalized a settlement related to Musk’s tweet about the possibility of privatizing Tesla. The SEC determined the tweet was in violation of its rules. Musk paid a fine and agreed to step down as chairman of Tesla for a period of time. The regulations did not limit his ability to serve as an officer or director of a company.

In addition to his tech activities, Musk has already had a certain closeness to show business by being a romantic partner with Grimes, a Canadian musician and artist. He has long made a disproportionate figure in Hollywood even though he never became a full-fledged presence in entertainment, at least professionally.

Musk took into account Johnny Depp’s $ 50 million libel lawsuit against the Amber Heard case because he was dating the actress after his marriage to Depp ended in 2016. Depp’s legal team has issued subpoenas in February for communications between Musk and Heard and indicated that she wanted Musk deposed. in the case. Musk at one point joked about settling things with Depp in a ‘cage fight’ as his name kept coming up in the UK libel lawsuit.