A lawsuit was filed by a former WWE employee against Vince McMahon which accuses him of sexual battery and trafficking. Janel Grant filed a lawsuit on Thursday claiming that McMahon used his position to forcibly rape her and exploit her to other employees. Grant claimed that McMahon had hired her to work in the legal […]
WWE
Vince McMahon out at TKO
The day after a lawsuit was filed against Vince McMahon and John Laurinaitis accusing the two of sexual assault, McMahon has resigned all of his positions with TKO Group Holdings, Inc. Janel Grant, a former employee of WWE, claims that she was abused and sexually exploited by McMahon while he was chief executive. The lawsuit […]
Dwayne Johnson joins the Board of Directors of TKO Group Holdings, gets ownership of The Rock TM
Dwayne Johnson has joined the board of directors of TKO Group Holdings, Inc. the company announced on Tuesday. Johnson also gained ownership of the trademarked name “The Rock” as part of an intellectual assignment agreement. Per the SEC 8-K Filing, Johnson will receive over $30 million in TKO stock. He will also receive $491,000 in […]
WWE’s Raw heads to Netflix in Blockbuster Deal
Early Tuesday morning it was announced that WWE had agreed to move “Monday Night Raw” to Netflix in January 2025 for $5 Billion over 10 years. The moves indicates a monumental shift for not only WWE, but for online streaming platform Netflix as it starts to carry live sports. TKO Group Holdings Inc. filed a […]
Top 10 MMA Business Stories of 2023: No. 4 Wondertwin Powers Activate UFC + WWE = TKO
The day after Wrestlemania, Endeavor acquired WWE making it the second biggest purchase this year. The plan was to have WWE and UFC combine to make one new company, TKO Holdings. The deal gave WWE an enterprise value of $9.3 billion. Endeavor would own 51% and WWE owned the remaining 49%. From our writeup in […]