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Ariel Emanuel
Executive Chair & Chief Executive Officer, TKO Group Holdings

Ari Emanuel on the Paramount merger & the future of AI in show business

📅 Oct 07, 2026 On with Kara Swisher 60 MIN 1201 VIEWS 188 SEGMENTS · 2 SPEAKERS
Ari Emanuel built a name for himself in Hollywood as a firebrand agent filled with rage. In his new memoir, “Roll the Calls,” he reflects on how that rage shaped his career and argues it helped him transform the entertainment industry. He’s now the executive chair and CEO of TKO and executive chairman of the WME Group. In a live conversation hosted by Live Talks Los Angeles, Kara and Ari talk about the ways growing up in the shadow of two talented older brothers shaped his perception of himself, and why Kara believes the book reveals a softer side of the notoriously fiery “ragent.” They also...

What Ariel Emanuel said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Ari Emanuel discussed his memoir 'Roll With the Calls,' describing rage as a driving force rooted in childhood insecurity about his dyslexia and a desire to prove he wasn't the 'stupid brother.' He rejected the idea that rage alone guarantees success, emphasizing multiple negotiation strategies. Emanuel recounted leaving ICM over frustration with leadership, leading to founding Endeavor, and details of the WMA merger's financial struggles, including $44 million paid to executives. He praised Robby Lance as a mentor and discussed tech's influence, highlighting Marc Andreessen's early investment. On AI, he predicted economic growth and entertainment abundance but acknowledged job losses and a 10% risk of catastrophe. He defended his friendships with Elon Musk and David Ellison, arguing he disagrees privately, and criticized the Paramount merger as 'not economically viable,' predicting vindication in a year.

Key takeaways

  1. Emanuel called the Paramount merger 'not economically viable' and predicted his opinion would be 'completely right' in a year.
  2. He stated AI could boost GDP growth to 3-3.5% and create abundant, cheaper entertainment content, but acknowledged a '10% chance it could kill people.'
  3. Emanuel admitted paying $44 million to executives in the WMA merger, which caused financial losses.
  4. He defended Elon Musk, claiming he never heard Musk use a racial slur and that they have 'fierce arguments,' including hanging up.
  5. Emanuel said he is lobbying for a tax rebate in California and believes it has a 'very high chance of passing in the lame-duck Congress.'

Numbers and commitments

FigureWhat it refers toTypeAt
$44 million Total paid to Jim Wiatt and Irwin Wintner in the WMA merger commitment 30:04
$35 million Cost of a building that led to a lost lawsuit metric 30:04
$20 million Losses incurred in the 6 months after the WMA merger metric 30:04
$25 million Bonus payments due after the merger metric 30:04
10% Chance that AI could kill people metric 38:47
3 to 3.5% Potential GDP growth boost from AI guidance 38:47
30 films Films David Ellison committed to making for Paramount commitment 38:47
170 series Series Ellison committed to making commitment 38:47
$30 to $31 billion Annual investment promised by Ellison commitment 38:47
$50 million Losses from Jon Stewart's late-night show metric 38:47

Chapters

  1. 0:00Rage as a driving force
  2. 3:29Dyslexia and family dynamics
  3. 27:50Advice to young entrepreneurs
  4. 29:43WMA merger financial struggles
  5. 30:45Path to UFC and tech relationships
  6. 36:17Paramount merger skepticism
  7. 38:47AI's promise and risks

Questions asked in this interview

12
  1. 0:31This interview was recorded in front of a live audience at a talk event in Los Angeles. So shall we get started?
  2. 1:31You don't care about those things, right?
  3. 4:47But why did you use the word 'rage,' and what quote did you use?
  4. 8:58Is it the best way to get things done?
  5. 9:54Do you know whose line that was?
  6. 13:29But, for example, there's the Robby Lance story. He called you Ari, right?
  7. 13:37Could you talk a bit about that relationship?
  8. 14:53But you didn't build your career like that mentor, did you?
  9. 16:53I will never answer that question. What?
  10. 21:11Have you ever Googled yourself and found your home address, phone number, and even family members' names?
  11. 29:43The performance wasn't as good as expected at the time of the merger, right?
  12. 35:08Looking to find the right talent quickly?
Ariel Emanuel 0:00 ↗
Ari Gate was really kind to me. As soon as I walked in, he gave me a hat. The hat said 'rage' on it, and I thought it was really cute. The note said, 'I'll read it to you for a moment.' Ah, I can't find it right now. The point was, 'Thank you so much for doing this. If it doesn't work out, screw you.'
Kara Swisher 0:24 ↗
Hello everyone. Today my guest is the chairman and CEO of TKO and chairman of the WME Group, Ari Emanuel.
Ari is a heavyweight in the entertainment industry, with a long career of founding and merging companies in Hollywood. He recently published his memoir, 'Roll With the Calls.' It's a really fascinating book, but it also contains some heartbreaking content. Ari calls himself 'rage-ent.' He's an intense agent, and that rage has been his driving force for a long time. It's a really gripping book, and he tells stories about many people, but at the same time he's sharply critical of many people as well. This interview was recorded in front of a live audience at a talk event in Los Angeles. So shall we get started? Ari, thank you for joining us.
Ariel Emanuel 1:08 ↗
Yes, thank you.
Kara Swisher 1:15 ↗
First, I want to talk about the emotional parts of this book, but I won't cover the following content. If that's okay with you. I won't talk about Ari Gold.
Ariel Emanuel 1:21 ↗
Yes. I don't care about that person at all. Eating bugs and following crazy health regimens—I have absolutely no interest in that.
Kara Swisher 1:27 ↗
I don't care when you die.
Or your crazy travel schedule.
You don't care about those things, right?
Ariel Emanuel 1:33 ↗
No, I feel the same way.
Kara Swisher 1:34 ↗
And the porn scene in the movie 'The Departed.' If you came to hear that story, I'm sorry, but I won't be talking about that. But the first line of your memoir is a quote from Raoul Walsh. He's a director who talks about work, especially how important work is and the act of working itself. I think this book is exactly about that. And I think this book is a drama about power—about who has power, who doesn't, and how you get power—more than any other work you've written. Hmm, actually, it doesn't seem to be a story about rage. Of course, you talk a lot about rage early in the book. And I think that's your unique style. Like my style is a bit of a sharp lesbian.
Ariel Emanuel 2:12 ↗
You're a sharp lesbian too?
Kara Swisher 2:14 ↗
Yes, Jerry. Really sharp.
Hmm, but you show that very overtly. I'll quote you: 'Every story begins with rage and ends with rage in some way. Either you're angry, or you become an accomplice.' We fight, and we have sex too. Wrestling without rage is just hugging. There are no small enemies. History has been made by bad feelings as much as by good intentions. And of course, you coined the expression 'rage-ent.'
Ariel Emanuel 2:39 ↗
Yeah. You seem like exactly that kind of person. A rage-ent agent. Okay, let me ask you something. But tell me what your tough-guy mask allowed you to do throughout your career, and whether it helped or hurt you. Answer the next question.
Kara Swisher 2:52 ↗
I know you're full of rage right now.
Ariel Emanuel 2:54 ↗
That's right. Cormac McCarthy said that rage is about things that can be fixed, and the rest is grief. That's exactly what I'm like. Hmm, I'd rather fight against rage, deal with that rage, and try to find my identity. Because our family, as you well know, I had brothers—the smart Zeke, the artist Ram, and there was another one.
Kara Swisher 3:22 ↗
Yeah.
Ariel Emanuel 3:22 ↗
And I should mention upfront, I'm sorry I call this the manual I hate the most.
Kara Swisher 3:27 ↗
It's okay. They're wonderful.
Ariel Emanuel 3:29 ↗
Yes, they really are. But please continue.
So, it was like that. Coming home and my grades were improving, I had dyslexia, and that was important in our house. Growing up under an immigrant father and mother. So I was angry about the fact that I wasn't stupid. I wanted to find my place, and I wanted to work hard. When I came here, my friend Pete Berg was here. I only had a Plan A. There was no Plan B.
Kara Swisher 4:10 ↗
That's right?
Ariel Emanuel 4:11 ↗
I could do anything for Plan A. Because I wanted to have an identity, and for some reason, this work flipped a switch inside me. And I wasn't going to let anyone stop me from going where I wanted to go. Even though I didn't know where that was. I just thought of it as 'where I love to be.' I really loved it. I liked that. It was hard, but I had to find my identity, and everything that stood in the way of that path provoked rage.
Kara Swisher 4:47 ↗
But why did you use the word 'rage,' and what quote did you use? You were just angry.
Ariel Emanuel 4:52 ↗
When someone ruined the story in my head.
It was like a chess game I played to get where I wanted to go.
Kara Swisher 5:00 ↗
Yes.
Ariel Emanuel 5:01 ↗
In wrestling, I didn't like that person.
Kara Swisher 5:04 ↗
Yes.
Ariel Emanuel 5:06 ↗
Hmm, that provoked a lot of rage.
Kara Swisher 5:10 ↗
But who exactly were you angry with at first?
Ariel Emanuel 5:13 ↗
Hmm, that was something I had to figure out gradually, like peeling an onion. Yes.
Kara Swisher 5:18 ↗
Hmm.
Ariel Emanuel 5:19 ↗
I didn't know at first. Then Dr. Kamm appeared.
Kara Swisher 5:22 ↗
Yes. Hmm.
Ariel Emanuel 5:23 ↗
The therapist in the book. Hmm.
I was just angry. I wasn't angry at some fate or at anyone. Hmm. And I was looking for a place where I could be recognized as truly competent. And that rage seemed to come from acting in my own way, my own manner. Hmm. As you know, I didn't want to be caught as the stupid brother. Right? Or I was afraid someone would notice I wasn't smart. So I kept fighting inside. I'm not saying I talk like that. Anyway, it's a tough thing, right?
Kara Swisher 6:17 ↗
You work really hard, but many people stand in your way, and you have a goal you want to reach. Whether it's real or imagined. So you thought bullying was the way. That's what you did. Then when Endeavor came along, you realized that rage and aggression alone couldn't take you further. For the employees who were loyal to you.
That's right? So sometimes it actually manifested as violence. For example, hitting someone with a food tray.
Ariel Emanuel 6:50 ↗
Uh, yes, when I was young. So, well, you know.
Kara Swisher 6:53 ↗
Yes. Yes. At that time...
Ariel Emanuel 6:55 ↗
There's another thing. He was making fun of someone because I wasn't in special education.
Kara Swisher 7:01 ↗
Yes.
Ariel Emanuel 7:01 ↗
And he was making fun of someone.
Kara Swisher 7:03 ↗
That's right.
Ariel Emanuel 7:04 ↗
It was someone I knew. So I asked him not to do that, to stop. And he agreed not to.
Kara Swisher 7:11 ↗
That's right. So,
Ariel Emanuel 7:12 ↗
It's like picking up a chair. Mike Wazowski. There was only one other option.
Kara Swisher 7:17 ↗
Really?
Ariel Emanuel 7:18 ↗
I'm going to beat you to death.
Kara Swisher 7:19 ↗
There was no option like pouring jelly on your head or beating you until you couldn't think straight.
Ariel Emanuel 7:24 ↗
At that time, there was no such option.
Kara Swisher 7:25 ↗
Really? Wasn't that an option?
Ariel Emanuel 7:29 ↗
But depending on how things went, if there was a lunch tray, nobody knew what would happen. Look here.
Kara Swisher 7:35 ↗
No, you know.
Ariel Emanuel 7:36 ↗
I don't care. I could try, but I don't think I could win against a lesbian. You'll never make it. You've shrunk. I know you're a wrestler, but I have skills too.
Kara Swisher 7:47 ↗
You know?
Ariel Emanuel 7:48 ↗
Hmm, the richest person in the world called me evil. So I'm good. I'll get along with you too. It'll be simple. Hmm, he's much slower and fatter though. His movements are slow too. Hmm, that's your friend. Anyway, let's talk about that friend later. Hmm, this is a kind of meme about telling the truth to power. And you made a really interesting argument in your book, for example, that an angry negotiator is better.
Kara Swisher 8:14 ↗
Hmm, but among the people you criticized in your book—there are so many I won't say who—someone wrote to me: 'As a businessman, I feel insulted by that person advocating rage as positive action.'
How would you respond? Tell that son of a bitch to go screw himself. Okay.
Ariel Emanuel 8:32 ↗
I don't know who that person is, but I'd say it's complete bullshit. Among the people you mentioned, there were probably many who felt rage in their own way. Maybe they swallowed it inside and pretended to be positive. Tell all those sons of bitches to go screw themselves. It's all bullshit. I'm going into the room now, and you know exactly what I'm going to do, and I'm satisfied with that. Okay. No pretense.
Kara Swisher 8:53 ↗
Turn on the lights, take out the guns, let's get started.
Ariel Emanuel 8:56 ↗
Actually, that's my story.
Kara Swisher 8:58 ↗
Okay. But answer seriously. Is rage positive action? Is it the best way to get things done? I mean, you've had all kinds of partners.
Ariel Emanuel 9:07 ↗
Not always.
Kara Swisher 9:08 ↗
That's right. Yes.
Ariel Emanuel 9:10 ↗
There are many steps to negotiating and getting what you want.
Kara Swisher 9:13 ↗
That's right, of course.
Ariel Emanuel 9:15 ↗
One of them is that way.
Kara Swisher 9:17 ↗
Yes.
Ariel Emanuel 9:18 ↗
And there has to be a corresponding basis for it.
Kara Swisher 9:20 ↗
Okay.
Ariel Emanuel 9:21 ↗
There were other ways too. I wouldn't have gotten this far with rage alone.
Kara Swisher 9:25 ↗
That's right, that's right, that's right. For me,
Ariel Emanuel 9:27 ↗
There are other ways too. I understand.
Kara Swisher 9:29 ↗
I'm telling you.
Ariel Emanuel 9:30 ↗
I know too. One of your methods is constantly calling people. You did it to me too. One of the ways I drive him crazy is not answering the phone.
Kara Swisher 9:36 ↗
Yes.
Ariel Emanuel 9:37 ↗
And you can just send a text, right? Like all the ordinary people I know, and if ordinary people send texts. I understand.
But if texts existed and then suddenly the phone was invented, damn. You could call someone? That would be really cool. I don't answer the phone. I'm still... and the problem is his poor...
Kara Swisher 9:54 ↗
That wasn't what I said. Do you know whose line that was? It was Ron Meyer's line.
Ariel Emanuel 9:57 ↗
Yes. But reading this memoir, I learned a lot about you. There were probably unintended parts too. What I felt while reading was exactly that. Recently on Pivot, I told Scott Galloway that this memoir was unintentionally thoughtful. Hmm, what do you think? It was funny. It was funny that you laughed at yourself.
Kara Swisher 10:18 ↗
Laughing alone?
Ariel Emanuel 10:20 ↗
Well, I'm a funny person.
Kara Swisher 10:21 ↗
Hmm, so what do you think this memoir reveals about you? I think it's a more interesting story, and it also shows how sensitive a person you are. Hmm. And I think your ghostwriter J.R. Moehringer drew a lot out of you.
Ariel Emanuel 10:35 ↗
Hmm.
Kara Swisher 10:36 ↗
How do you live?
Ariel Emanuel 10:39 ↗
Hmm, how should I say my way of life? Hmm, you know, what do they call it in computers? RSI? The AI or SI that we fear, whatever you call it, is that what you mean by a computer?
Kara Swisher 10:56 ↗
Ah, that's right. We won't call it that.

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Cite this transcript

APA, MLA, BibTeX
APA

Emanuel, A. (2026, October 7). Ari Emanuel on the Paramount merger & the future of AI in show business [Interview transcript]. On with Kara Swisher. CEOInterviews.AI. https://ceointerviews.ai/interview/3000465/

MLA

Ariel Emanuel. "Ari Emanuel on the Paramount merger & the future of AI in show business." On with Kara Swisher, 7 Oct. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3000465/.

BibTeX
@misc{emanuel2026_3000465,
  author       = {Ariel Emanuel},
  title        = {Ari Emanuel on the Paramount merger \& the future of AI in show business},
  howpublished = {Interview transcript, On with Kara Swisher. CEOInterviews.AI},
  year         = {2026},
  month        = {oct},
  url          = {https://ceointerviews.ai/interview/3000465/},
  note         = {Speaker-attributed transcript with timestamps}
}