WWE
WWE-UFC: How Wall Street Views the Deal So Far
Mixed martial arts powerhouse UFC and sports entertainment giant WWE are betting that they are even stronger together. So executives from UFC owner Endeavor and WWE, fresh off WrestleMania 39 weekend in Los Angeles, stepped into the spotlight to unveil a merger to form a global live sports and entertainment titan, 51 percent controlled by […]
- By
Endeavor President Says UFC-WWE Merger Will Bolster Its Representation Business
The $21 billion merger of the WWE and UFC will create a sports and entertainment powerhouse, but the companies do not expect to rest on their laurels, Endeavor president and COO Mark Shapiro says. Speaking to The Hollywood Reporter on Monday after the deal was formally unveiled, Shapiro (who will serve as president and COO […]
- By
Endeavor’s UFC, WWE to Merge; Ari Emanuel to Serve as CEO, Vince McMahon as Executive Chair
Endeavor Group Holdings and sports entertainment powerhouse WWE made things official on Monday, unveiling a definitive agreement to form a new, publicly listed company consisting of two “iconic, complementary” global sports and entertainment brands: UFC and WWE. Endeavor will hold a 51 percent controlling interest in the new company, with existing WWE shareholders owning a […]
- By
Endeavor Nears Deal to Buy WWE and Merge It With UFC
Forty-three years after Vince McMahon founded the company now known as the WWE, and 70 years after his father entered the professional wrestling business, the McMahon family appears ready to give up control of their empire, closing in on a multibillion-dollar deal to sell the WWE to Endeavor, The Hollywood Reporter has confirmed. Assuming the […]
- By
Lionsgate, Warner Bros. Discovery Among Top Hollywood Stock Gainers in First Quarter
Lionsgate, Warner Bros. Discovery and Paramount Global were among the hit Hollywood stocks of the first quarter of 2023, shaking off investor concerns about such industry challenges as record cord-cutting, getting streaming businesses to profitability and economic clouds darkening the advertising outlook, as well as recent stock market volatility due to the collapse of banks. […]
- By
Vince McMahon’s Unusual New WWE Contract Gives Him the Right to Adapt His Own Story for Film
WWE executive chairman Vince McMahon is in line for a multimillion-dollar payout on top of his $2.6 billion stake — and the rights to his life story — in the event that his company gets sold. McMahon signed a new employment agreement with the company this week, retroactive to when he returned earlier this year, […]
- By
Vince McMahon Paid WWE $17.4M for Costs Tied to Misconduct Investigation
WWE executive chairman Vince McMahon has paid his company $17.4 million, reimbursing it for costs associated with the WWE board’s investigation into alleged hush money payments made by McMahon while he was CEO. According to a securities filing Friday afternoon, McMahon made the payment Thursday, March 23. McMahon also agreed to reimburse the company for […]
- By
Bad Bunny to Host WWE’s ‘Backlash’ in Puerto Rico
Music star Bad Bunny will host wrestling powerhouse WWE’s Backlash event in Puerto Rico this May. The May 6 show will air live from the Coliseo de Puerto Rico José Miguel Agrelot in San Juan, marking the first WWE premium live event to take place in Puerto Rico since January 2005. “In 2005 when I was a kid, I wasn’t […]
- By
Amid Vince McMahon’s Boardroom Return, WWE Posts Higher Revenue On TV Media Rights Income
WWE, led by CEO Nick Khan after co-CEO Stephanie McMahon resigned, posted revenue in its fourth quarter up 5 percent to $325.3 million, while operating income fell 22 percent to $62.7 million. Net income for the fourth quarter went down to $38.8 million, against $60.9 million in the same period of 2021. The latest rise […]
- By
WrestleMania Sponsorship Revenue Surges as Critical WWE Event Heads to L.A. (Exclusive)
The WWE may be enduring serious corporate drama, but it’s certainly not showing it in its day-to-day business. The sports entertainment company is bringing its signature event, WrestleMania 39, to Los Angeles’ SoFi Stadium in April, and according to WWE senior vp and head of global sales and partnerships Craig Stimmel, the company’s sponsorship revenue […]
- By
WWE Co-CEO Stephanie McMahon Resigns
Less than a week after Vince McMahon appointed himself to the WWE board of directors, the company is undergoing a major leadership shake-up. Stephanie McMahon, his daughter, who had been serving as co-CEO of the WWE alongside Nick Khan, has resigned. McMahon announced the decision on her social media pages Tuesday evening. “With Nick’s leadership […]
- By
Vince McMahon Is Back, But Is He a Heel for a WWE Sale?
Former WWE CEO Vince McMahon’s stunning return to the company he founded has upended the wrestling giant’s fortunes. At McMahon’s prodding, WWE is now leading “a review of its strategic alternatives” as the wrestling giant finds itself grappling with uncertainty. The question facing WWE shareholders is not only whether McMahon and the company can execute […]
- By