Attorneys for Vince McMahon filed an Opposition to Janel Grant’ Motion to Strike portions of his Preliminary Statement which was part of his Motion to Compel Arbitration. The legal crux of the argument is that Rule 12(f) which allows for a court to utilize its “inherent authority” to strike portions of a pleading. McMahon had […]
WWE
WWE brokers deal with NBCU to broadcast Raw on USA Network for rest of the year
The TKO Group announced its earnings for the first quarter of 2024 on Wednesday. Results were better than expected raising expectations for the rest of the year. WWE announced that it extended its media deal with NBC Universal to air Monday Right Raw on the USA Network for the rest of the year. The agreement […]
Shouldering bulk of UFC antitrust settlement, TKO Group still posts increasing revenues
TKO Group Holdings, the company that houses the UFC and WWE, announced earning for Q1 which beat analyst expectations. It did post a $249 million loss due to the UFC’s settlement of the antitrust lawsuits filed by former fighters. Yet, TKO announced earnings of $629.7 million and an adjusted EBITDA of $282.2 million. The company […]