CPP Investments

TKO’s Parsed Rights Stack Reprices Live-Attention

This analysis of TKO Group Holdings (the merged WWE/UFC business) argues the company parceled live-attention inventory into discrete, long‑term licensing deals that resemble credit instruments more than traditional media rights. Over 24 months TKO placed four program blocks with multiple counterparties, creating a combined annual coupon of roughly $2.2 billion and a contracted forward value north of $16 billion. The piece highlights the January 23, 2024 Netflix deal for Monday Night Raw — a 10‑year, $5 billion arrangement ($500M/year) — as a textbook example of instrument-asset fit where the platform assumes operating risk and TKO retains IP and collects contracted cash flow. The column also recounts TKO’s April 2023 merger background, the Silver Lake-led take‑private of Endeavor (closed March 24, 2025), Apollo’s launch of Apollo Sports Capital (Sept 29, 2025), and the wind‑down of WWE’s DTC experiment (WWE Network licensed to Peacock in 2021). The author frames TKO’s parsed rights stack as a working prototype for “live‑attention” as a securitizable, credit‑grade asset class.

Amazon to Invest $13B in India's AI Infrastructure

Amazon announced a $13 billion investment to expand its AI and cloud footprint in India through 2030, funding additional Amazon Web Services data center capacity in Mumbai and Hyderabad. The commitment, unveiled after CEO Andy Jassy met Prime Minister Narendra Modi, brings Amazon’s total pledged investment in India to $48 billion following previous multi‑year commitments in 2023 and December 2025. The move follows similar large commitments from other global tech firms and institutional investors as India positions itself as a hub for AI compute with supportive policy incentives such as tax exemptions for cloud workloads. Amazon is also expanding retail and logistics operations in India, including new fulfillment centers, last‑mile delivery stations and a wider roll‑out of its Amazon Now quick‑commerce service.

CPP Investments Backs CtrlS with $741M India Data Center Deal

CPP Investments (Canada Pension Plan Investment Board) has committed up to ₹70 billion (~$741 million) to Indian data center operator CtrlS to fund hyperscale data center campuses tailored for AI workloads. The deal includes a ₹40 billion (~$423 million) equity investment for an 8.2% stake in CtrlS and up to ₹30 billion (~$317 million) committed to a joint venture to build hyperscale campuses. CPP Investments will hold 48% of the joint venture and CtrlS 52%. Founded in 2007 and based in Hyderabad, CtrlS operates more than 15 data centers across India. The investment is part of a broader wave of global capital and cloud-provider spending into India’s AI and cloud infrastructure, and comes amid policy incentives and parallel commitments from other investors and technology companies expanding AI-capable capacity in the country.