Vince McMahon, Nick Khan and Others Reach Settlement In Principle On WWE Merger Lawsuit

Vince McMahon, Nick Khan, Paul 'Triple H' Levesque, Stephanie McMahon and other WWE executives and former WWE shareholders have reached a settlement in a lawsuit brought about by the shareholders who alleged misconduct on the part of McMahon, Khan, and the others during the company's merger with Endeavor to form TKO Group.

According to Brandon Thurston of POST Wrestling, Tamara Burton from the Delaware Court of Chancery has confirmed that both parties have reached a settlement agreement in principle.

“At the parties' request, the trial is cancelled," said Burton. "The parties have advised the court that they will present the settlement for approval in due course.” The exact terms of the settlement have not been released at this time.

WWE Shareholder lawsuit was cancelled over the weekend

The trial for this case was set to begin in court on Monday. However, over the weekend, the court date was canceled, leading to speculation that a settlement agreement may be on the horizon.

Last week, the defendants were dealt a major blow in the case when a judge ruled that they misused the auto-delete feature of the messaging service Signal to delete communication they were legally obligated to keep. The ruling allowed for five key facts to be treated as true once the case went to trial on June 8.

The lawsuit by the former shareholders alleges that McMahon failed to conduct the proper due diligence to get the best deal possible for shareholders when selling WWE. The suit claims that McMahon was only interested in one bidder for his pro wrestling juggernaut ,and that bidder was Endeavor.

The suit also alleges that the reason McMahon wanted to sell to Endeavor only was that he was to receive a prominent and powerful position inside the new company, TKO Group.

WWE was officially sold to Endeavor in 2023. At that time, Endeavor merged with the UFC to form the TKO Group. At that time, McMahon was made Executive Chairman of the company.

McMahon resigned from his position at TKO Group after horrific allegations were made about him by a former WWE staff member who claimed he sexually assaulted her during his time as Chairman of the Board in WWE.

Prior to that, McMahon retired from WWE in 2022 after the WWE Board of Directors began an investigation into payments made to former WWE employees with whom McMahon allegedly had affairs. He returned to the WWE at the beginning of 2023 in order to facilitate the sale of WWE to Endeavor.

Vince McMahon and Nick Khan sanctioned by judge in WWE merger lawsuit, heightening their burden to prevail at trial

Vice Chancellor J. Travis Laster found that Vince McMahon and WWE President Nick Khan destroyed evidence in the merger lawsuit.

According to the filing (via Brandon Thurston at POST Wrestling), the court will treat five damaging facts as presumptively true when the case goes to trial next month.

The judge found that McMahon, Khan, WWE Chief Content Officer Paul Levesque (Triple H), and former WWE executives Stephanie McMahon and Brad Blum all used Signal’s auto-delete function, which wiped out messages they had a legal duty to preserve.

Laster listed the five presumed facts as follows:

Emanuel’s promise to provide Vince with a continued role at any post-merger company after a transaction influenced Vince’s decision-making with respect to the merger.

Emanuel’s offer of indemnification and other legal support related to pending federal investigations of Vince’s alleged misconduct influenced Vince’s decision-making with respect to the merger.

Vince decided to pursue a transaction with Endeavor in 2022, before the Company initiated the strategic review process.

Khan communicated with Emanuel between August and December 2022 to facilitate a transaction between WWE and Endeavor.

Vince and Khan worked with [advisement firm] Raine to steer the process toward a deal with Endeavor and away from other potential bidders.

The defendants still have an opportunity to plead their case and overcome the presumptions.

The trial is scheduled to take place from June 8 to 12.

The lawsuit, which was filed in 2023, alleges that McMahon predetermined the transaction with Endeavor to secure his continued role at the company in light of the sexual misconduct scandal surrounding him, rather than shopping WWE to maximize shareholder value.

source: fightful.com

Vince McMahon, Nick Khan, Paul Levesque To Testify In WWE Shareholders Lawsuit

Vince McMahon, Ari Emanuel, Nick Khan, and Triple H are set to testify in the upcoming trial for the lawsuit related to WWE’s merger. As previously reported, WWE shareholders filed a lawsuit against WWE in November 2023 over the TKO merger. The lawsuit alleges that WWE’s investigation into former Chairman McMahon was a “sham,” and that McMahon manipulated the sale process to Endeavor for his benefit.

According to POST Wrestling’s Brandon Thurston, the four executives are among those set to testify as witnesses in the trial.

Mark Shapiro is also among the list of witnesses, which includes many other names as revealed in a pre-trial order. Stephanie McMahon is listed among the names the plaintiffs may call, either live or by deposition.

The trial is set to kick off on on June 8th in the Delaware Court of Chancery and claims that McMahon set up the deal with Endeavor for them to acquire WWE and merge into TKO in order to ensure that he would remain with WWE. This was after he was accused of sexual misconduct in summer of 2022. McMahon retired from the company in the wake of the allegations, but forced his way back onto the Board of Directors in order to facilitate the sale of WWE.

McMahon of course eventually exited WWE and TKO just after he was sued by Janel Grant over allegations by Grant that he sexually abused, assaulted, and trafficked her. That lawsuit is ongoing.

The report by Thurston notes that plaintiffs and defendants plan to call McMahon and Emanuel as live witnesses in the courtroom. McMahon has separate legal representation from the rest of the defendants which include Khan, Triple H, George Barrios, and Michelle Wilson. WWE and TKO are not direct parties to the lawsuit, through they are believed likely to be funding the legal bills for the defendants beyond McMahon.

The full list of names who are intended to be called to testify are:

Plaintiffs Intend To Call Live:
* Vince McMahon
* Ari Emanuel
* Mark Shapiro
* Jeffrey Sine, Raine banker
* Frank Riddick, then-WWE Chief Financial Officer and board member
* Andrew Schleimer, TKO CFO and then-UFC CFO
* Brendan Houlihan, expert witness
* James Canessa, expert witness


Plaintiffs May Call Live Or By Deposition:
* Jeffrey Speed, then-WWE board member
* Stephanie McMahon
* Marty Patterson, Liberty Media President & CEO
* Steve Pamon, then-WWE board member


Defendants Intend To Call Live (Several Also Pppear Plaintiffs’ List):
* George Barrios, then-WWE board member and former WWE executive
* Brad Blum, former WWE executive
* Ari Emanuel
* Daniel Lee, Moelis Managing Director (an advisor in the process)
* Paul Finger, JP Morgan Managing Director (advisor)
* Nick Khan
* Steve Koonin, TKO board member, then-WWE board member
* Triple H
* Vince McMahon
* Frank Riddick
* Andrew Schleimer
* Mark Shapiro
* Jeffrey Sine
* Michelle Wilson, then-WWE board member and former WWE executive
* Mark Zhu, TKO Chief Strategy Officer and then-Endeavor executive
* Doug Perlman, expert witness
* Professor Steven Salaga, expert witness
* Professor David C. Smith, expert witness
* Matthew Archer, shareholder plaintiff
* Dennis Palkon, shareholder plaintiff

WWE stars are being asked to take up to 50% pay cuts amidst ludicrous corporate greed

The weeks following WrestleMania are traditionally a time that WWE retools its roster for the upcoming year and beyond. Despite there not being a true “offseason” in professional wrestling, like any sport the time between WrestleMania and SummerSlam is when new talent is pushed up the card, old faces are scaled back, and unfortunately some wrestlers are released all together.

That indeed happened, with WWE releasing upwards of 20 wrestlers in last week, but on the tail of that news something entirely different has emerged: Corporate greed.

Reports emerged this week that there were superstars inside the company who weren’t subject to the yearly releases, but instead given ultimatums to either re-work their contracts and accept pay cuts of up to 50% or be let go. This occurred with both Kofi Kingston and Xavier Woods, both of whom decided to leave the company, rather than reduce their rate. Veteran wrestling reporter Dave Meltzer is also reporting that there are some inside WWE who accepted the ultimatum and signed new, reduced contracts as a result of the strong-arm tactics.

It’s certainly not usual to see pay scales change over time in professional wrestling, moving both up and down as a result of a wrestler’s position inside the company, but it is unheard of that talent has been asked to take massive pay reductions while under contract in an effort to push them into lower-paying roles. Especially when pay at the TKO executive level (WWE’s parent company) has exploded to double, and even triple their multi-million dollar salaries.

Amid reports some WWE talent were asked to take pay cuts by as much as 50%, how are some top TKO & WWE executives compensated YOY (determined by TKO Board comp committee)? 2025 vs. 2024: Ari Emanuel: +272%, $18M➡️$67M Mark Shapiro: +33%, $32M➡️$43M Nick Khan: +304%, $6M➡️$24M

This is not a case of cutting pay because the business is changing, or that wrestling revenue is down, but rather the end-game of making payroll as cheap as possible, following the UFC model of grossly underpaying talent. The core difference is that MMA fighters are allowed to pursue and sign their own independent sponsorship deals to bolster their earnings, which WWE wrestlers cannot.

On the contrary, TKO is in a great place financially right now thanks to long-term media rights deals being cemented in the last two years, providing unprecedented wealth and stability.

In this model the only people who gain are predictably at the executive level. It’s also yet another example of the need to address the biggest taboo inside professional wrestling locker rooms: Unionization. The current structure, most notably in WWE, but used by other companies too, is to file talent as “independent contractors,” which is a phony designation designed for focused contract work on a project, not to replace being a full-time employee, as wrestlers often are. This model has allowed WWE to skirt around providing benefits, and adhering to federal employee protections. The fear of unionization has traditionally been the immense power wielded by both Vince and Linda McMahon through their political and judicial relationships, but those no longer exist in a TKO world.

Corporations will always try to get as much out of workers for as little as possible in order to keep stock prices high and executives wealthy — that’s a feature of capitalism, not a bug. However, when wrestlers are given ultimatums to take massive pay cuts or lose their jobs for no discernible reason, then something has to give. Unionization is the path forward, and hopefully, these discussions are happening amongst talent.

source: sports.yahoo.com

Testimony From Mark Shapiro Contradicts Public Comments And SEC Filing Regarding Vince McMahon And TKO

Mark Shapiro was deposed in December as part of the ongoing shareholders’ lawsuit against WWE, which claims that Vince McMahon predetermined the transaction with Endeavor to secure his continued role at the company in light of the sexual misconduct scandal surrounding him, rather than shopping WWE to maximize shareholder value.

In his deposition, Shapiro was asked if he viewed McMahon remaining in the Executive Chair role as a necessary condition for the success of the combined company.

The following exchange took place (via Brandon Thurston of POST Wrestling):

“You personally didn’t view Vince being in the executive chair role as a necessary condition for the future success of the combined company; right?” an attorney for the plaintiffs asked Shapiro.

“Correct, especially with all the baggage,” Shapiro said.

“But at the end of the day, Vince is [sic] remaining with the company was a Vince goal, not an Endeavor goal; right?” the examining attorney followed up.

“Wasn’t a goal of ours, no, no, it was not,” Shapiro responded.

This testimony contradicts public comments made by Ari Emanuel, Shapiro’s partner at TKO.

Speaking to CNBC on April 3, 2023, when the WWE merger to form TKO was first announced, Emanuel said about keeping Vince, “I would have body-slammed him if he [Vince McMahon] thought he was going to leave, because as I said to you before, here’s a man who has seen around the corners at every beat over the last 40 years of this business and has a vision for where this business, way before a lot of people see it. Him now being able to utilize what we have built in our flywheel, I’m the luckiest guy in the world, because I got Vince McMahon, a visionary, that sees around corners.”

He reiterated his desire to keep Vince on when asked outright if he wanted Vince to stay.

“Oh my god yes,” replied Emanuel. Vince then confirmed that he wanted to stay. Emanuel also said that he wouldn’t let Vince walk away.

Shapiro’s testimony also contradicts an SEC filing regarding the merger, which stated that the proposal was increased on the condition that McMahon would serve as the Executive Chairman of TKO.

“Endeavor had conditioned the proposed increase in valuation upon Mr. McMahon serving as Executive Chair of the newly formed public company until his death, resignation or incapacity, having the right to nominate the five WWE representatives to serve among the 11 total directors on the newly formed public company board of directors and having a veto right over certain transactions, in each case until he sold down a to-be-agreed percentage of his equity or he no longer served as Executive Chair. The WWE advisors discussed with the WWE Board that Endeavor had stated that these governance changes were fundamental to Endeavor’s thesis for pursuing the potential transaction in light of, among other things, Endeavor’s belief that Mr. McMahon’s continued leadership as contemplated by the March 23 Endeavor Proposal would be critical to the value creation driving Endeavor’s desire to engage in the Potential Transaction.”

The merger lawsuit is scheduled to go to trial in June.

Lawsuit Texts Show Triple H's Reaction To Vince McMahon Attempting WWE Return

In September 2023, months after Vince McMahon returned as Executive Chairman to oversee a sale, WWE and UFC officially merged into Endeavor, and TKO Group Holdings was created. One day prior to the merger, Paul Levesque wrote that he was "wound up tight today... DDay tomorrow, expecting the worst" in a text message to Nick Khan, then-President of WWE. This is according to new reporting from Brandon Thurston of POST Wrestling.

The uncovered texts are part of the shareholder's lawsuit over the merger, and show that Levesque seemed paranoid and concerned about McMahon's involvement. By October, Levesque would be in complete control of creative, with Endeavor's Ari Emmanuel and Mark Shapiro publicly stating he was prior to that. However, in December 2023, McMahon was reportedly coming to Cleveland for TV and texts show that Levesque was very concerned. He texted Khan, "Was just told by security that VKM is coming to Cleveland on Monday. What's that about??????" Khan responded right away, but those texts were deleted by Khan.

The following day, Levesque again texted Khan about McMahon coming to TV. He told Khan he was "disappointed in that Ari convo" and showed concern about how McMahon was being handled when attending TV and giving creative notes. Levesque asked Khan his opinion on involving Shapiro in the matter. Whatever response Khan gave, he later deleted.

Nearly an hour later, Levesque texted Khan again. "Between you and I, It feels like they are both backtracking on the 'he's out' narrative," Levesque wrote. The retired wrestler shared his belief that the TKO executives were moving their position to be more accepting of a McMahon role within creative, and he mentioned an email regarding a script for Emmanuel. Khan responded, "They already know. No need to send." The text conversation appears to end there.

Levesque has been heavily featured on Netflix's "WWE Unreal", which gives a behind-the-scenes look at the creative process for storylines. He has also made appearances on TV, including during last night's episode of "Raw".

Shareholder Plaintiffs In Merger Lawsuit Accuse Vince McMahon, Paul Levesque, And Nick Khan Of Destroying Evidence

The latest update in the WWE shareholder lawsuit.

According to Brandon Thurston of POST Wrestling, the plaintiffs are accusing Vince McMahon, Nick Khan, Stephanie McMahon, Triple H, and Brad Blum of destruction of relevant evidence, including Signal messages and McMahon’s handwritten notes, regarding the WWE merger that led to the formation of TKO.

They are asking the Delaware Chancery Court to sanction the defendants: Vince, Khan, and Triple H. Stephanie and Blum are not defendants in the lawsuit.

According to the filing, all five, “failed to preserve communications despite multiple notices from WWE’s legal team to do so.”

The filing alleges that Vince McMahon, Stephanie McMahon, and Khan met with Endeavor CEO Ari Emanuel and President Mark Shapiro on December 13, 2022, just weeks before McMahon exercised his controlling interest in WWE and returned to the company. Upon returning, Vince immediately pushed to explore a sale or merger.

Khan is characterized as “spearheading” communications on Signal, which allows users to auto-delete messages on a timer. It is also alleged that Khan deleted conventional text messages, which plaintiffs say, based on context, included merger discussions and the investigation of alleged misconduct by McMahon.

The lawsuit, which was filed in 2023, alleges that McMahon predetermined the transaction with Endeavor to secure his continued role at the company in light of the sexual misconduct scandal surrounding him, rather than shopping WWE to maximize shareholder value.

Unsealed documents show that Vince and Emanuel were in communication throughout the summer of 2022

The lawsuit is currently scheduled to go to trial in June 2026.

source: fightful.com

Endeavor Executives Anticipated Vince McMahon’s 2023 WWE Return

The executives were plotting for McMahon’s return.

There’s an exclusive story up on POST Wrestling via Brandon Thurston of Wrestlenomics. It has to do with Vince McMahon’s return to WWE in January 2023 being anticipated by executives at Endeavor, which is the company that went on to acquire WWE in 2023. McMahon was a part of that transaction process.

When Vince McMahon announced his resignation/retirement from WWE in 2022 after sexual misconduct allegations emerged, a top executive at Endeavor had been relaying to colleagues on the same day that McMahon would only be gone temporarily.

After McMahon’s resignation, Endeavor President and TKO Chief Operating Officer, Mark Shapiro, sent the following message to Endeavor and TKO CEO Ari Emanuel and fellow Endeavor execs (POST Wrestling included photographic evidence of the text messages):

Nick and Stephanie are going to take over the WWE for the next nine months. Vince [will] be back with a new board or he will take the company private or he will sell it/coming to us. The race is on. The courtship is on.

Vince McMahon was back in the fold of WWE less than six months later. He was back on the Board of Directors after reinstating himself by using his superior voting power as the controlling shareholder.

The text message from Shapiro was disclosed in the WWE shareholder lawsuit in Delaware Chancery Court. The plaintiffs in that case allege that McMahon violated his legal and ethical obligation to act in the best interests of the shareholders, but instead of doing that, he helped move along the sale process to keep his own power.

There was communication between McMahon and Ari Emanuel throughout the backend of 2022.

The plaintiffs in the lawsuit are presenting the stance that McMahon and Emanuel had a friendship that would make sure McMahon stayed with WWE after the sale to Endeavor. On the other side of the spectrum, other potential suitors would have required Vince to leave WWE immediately. Vince denied that.

WWE President Nick Khan, Chief Content Officer Paul ‘Triple H’ Levesque, and former executives/Board members George Barrios and Michelle Wilson are being represented by TKO’s outside counsel. They’re being accused of being on board with McMahon’s plan to preserve his power. McMahon has separate counsel.

POST/Thurston reached out to WWE, TKO, and Vince McMahon’s reps for a comment on this story, but the requests were not responded to.

As mentioned, while McMahon was publicly retired, he had been in communication with Ari Emanuel. While they were exchanging messages, Emanuel told McMahon, “I will be your greatest partner.”

It was also revealed that several days after that August 2022 exchange, Emanuel texted McMahon and said he knew that McMahon met with Jeff Sine the day prior. Sine is a senior banker at Raine Group, who served as WWE’s financial advisor in the sale to Endeavor. Included on Sine’s extensive advisory résumé is that he advised Vince McMahon on his XFL revival.

Sine chatted with McMahon and said if things were to move forward, he would like to work for McMahon and McMahon only — not Ari Emanuel or Endeavor. He told McMahon that Morgan Stanley was not prepared to represent him.

The iteration of the deal that left Endeavor with less equity was the one that would lock in McMahon’s future with the company. The shareholders are positioning the situation as other bidders would have insisted that McMahon leave WWE, but WWE’s stance is that they did not have to give up anything to assure McMahon’s future. Endeavor gave WWE more equity to keep McMahon, which asserted his importance.

The article write-up has a section about Vince McMahon texting Nick Khan about WWE creative, per the court filings. Below is a text exchange from McMahon that he copied and pasted and sent to Khan. In the copy and pasted texts was a conversation McMahon was having with Paul Levesque and Bruce Prichard about the creative for Roman Reigns and Cody Rhodes’ Undisputed WWE Championship match at WrestleMania 39:

Text from me to Paul and Bruce: “Hey guys just double checking. Does Roman [Reigns] and Cody [Rhodes] know the new creative re [WrestleMania] and next year ?”

Bruce : “Not to my knowledge. I don’t know if Paul has had a conversation with either. Roman’s first appearance since we spoke is Friday in DC. Both will be there in person.”

Me to Paul: “ Paul have U “?

The shareholders in the lawsuit are not concerned with McMahon’s involvement in WWE creative, but are focused on these discussions amongst executives being relegated to the Signal chat app, which has an auto-delete function. The shareholders argue that key communications were not preserved on Signal, which would be a loophole of sorts to get around special preservation measures during mergers and acquisitions. If the messages weren’t properly maintained, it could factor into the outcome of the lawsuit.

The plaintiffs asked the court to order Nick Khan, Ari Emanuel, Paul Levesque, and Brad Blum (former WWE exec/McMahon aide) to sit down with attorneys and take screenshots of any relevant messages they have on the devices on which Signal was downloaded. The decision on that order is still pending.

The lawsuit is nearing the end of discovery.

After the TKO deal was finalized in September 2023, it secured multimillion-dollar bonuses for Nick Khan and Paul Levesque. The shareholders allege that those bonuses are what encouraged executives to go through with McMahon’s plan to keep his power.

The WWE and UFC merger under TKO guaranteed McMahon a lifetime role with TKO unless he resigned. He resigned in January 2024 after former WWE employee Janel Grant filed a sex trafficking lawsuit against McMahon, WWE, and John Laurinaitis. The former WWE exec, Laurinaitis, has since been dropped from the ongoing suit after agreeing to provide evidence for Grant’s case.

If the plaintiffs in the shareholders’ suit emerge victorious, they could recover financial damages on behalf of stockholders and financial institutions that held WWE shares during the specified period of time.

The merger lawsuit is going to trial in June 2026.

source: fightful.com

TKO Raises 2025 Guidance Following Big Bucks UFC and WWE Licensing Pacts

TKO has raised its full-year guidance on the momentum generated by its big-bucks new deals with Paramount and ESPN for rights to UFC and WWE events.

The parent company of the MMA league and wrestling franchise had a mixed third quarter with revenue down on tough year-over-year comps from last year’s Summer Olympic Games in Paris. UFC also held one less pay-per-view event and no presence at Las Vegas’ Sphere, compared to the year-ago frame. At the same time, costs were down significantly so that improved the adjusted earnings before interest, taxes, depreciation and amortization and net income were both up, powered by gains for WWE and IMG.

“TKO delivered solid third quarter financial results, and with UFC and WWE’s sustained momentum, we are once again raising our full-year guidance,” said Ariel Emanuel, TKO’s executive chair and CEO. “Having secured landmark multiyear media rights deals for UFC, WWE and Zuffa Boxing, our conviction in TKO has never been stronger. We remain focused on operational execution, including preparing for UFC’s launch with Paramount, further integrating and unlocking synergies with IMG, On Location, and PBR, and maximizing shareholder value.”

Total revenue was down 27% to $1.120 billion. Net income hit $106.8 million, a big swing from $3.4 million in Q3 2024. Free cash flow was a healthy $398.9 million, an increase of $247.9 million from $151.0 million, due to the increase in cash flows generated by operating activities and a decrease in capital expenditures.

For the third consecutive quarter, TKO increased its full-year target for revenue and adjusted EBITDA. Revenue is now projected at $4.69 billion to $4.72 billion and adjusted EBITDA was lifted to $1.57 billion to $1.58 billion. For the year to date ended Sept. 30, TKO total revenue stood at $3.69 billion and adjusted EBITDA came in at $1.3 billion.

Emanuel and Mark Shapiro, TKO president and chief operating officer, were pressed by analysts during the company’s conference call for details on how the $7.7 billion, seven-year UFC rights deal came together with Paramount+ and CBS. Shapiro emphasized that UFC still has runway to strike lucrative rights deals outside the U.S.

“Overall [Paramount] ended up having the best equation, which is best for our brand, best marketing plan, a holistic effort, given what they’re doing on the domestic side with that investment,” Shapiro said. And, of course, the best rights fee. So for us, it’s always going to be brand, reach, dollars.”

Despite the momentum behind UFC and WWE, Shapiro kept the chest-beating to a minimum.

“We knew we were going to have a nice bidding war because it was attractive and it has strong fan bases and and we capitalized on it,” Shapiro said. “Nobody here has taken a victory lap, not on those specific territories in that deal, or really even on the quarterly earnings here. We’re proud of where we are. We’re proud of the road ahead. We’re cautiously optimistic.”

source: variety.com

WWE’s ‘Monday Night Raw’ Netflix Debut Draws 4.9 Million Views

The first episode of WWE‘s “Monday Night Raw” to stream live on Netflix pulled in 4.9 million views globally.

That is according to Live+1 data provided by Netflix, with a view defined as total hours viewed for the program divided by its runtime. The 4.9 million views came from countries like the U.S., U.K., Canada, and Latin America, but did not include 92 countries/territories where Netflix doesn’t yet distribute WWE, including France, Germany, India, Italy, Japan, the Philippines and South Korea.

The Netflix debut of “Raw” was also viewed by 2.6 million households in the U.S. according to VideoAmp, compared to the 1.2 million households “Raw” was averaging in 2024.

It is difficult to make a direct comparison between the Netflix and USA Network viewership for “Raw,” as linear channels measure their viewership differently than Netflix does. For the sake of some comparison, however, the final episode of “Raw” on USA Network averaged approximately 1.596 million viewers across its two-hour runtime, according to Nielsen Live + Same Day data. From the beginning of October through the end of December, “Raw” averaged approximately 1.65 million viewers per week on USA Network.

During the first “Raw” on Netflix, Roman Reigns defeated his cousin Solo Sikoa in a Tribal Combat match for the sacred ula fala and the title of Tribal Chief. Later, Rhea Ripley defeated Liv Morgan to regain the women’s world championship title, Jey Uso defeated Drew McIntyre, and CM Punk won a brutal main event match against Seth Rollins.

The night also saw John Cena kick off his 2025 retirement tour, while Dwayne “The Rock” Johnson opened the show and later appeared alongside Reigns. WWE Hall of Famer Hulk Hogan made an appearance toward the end of the show, but was met with a barrage of boos from the crowd.

This is the latest in push by Netflix into live streaming. Previously, the streamer aired a boxing match between Mike Tyson and Jake Paul that drew an estimated average minute audience (AMA) of 108 million live viewers globally. The event peaked at 65 million concurrent streams, with 38 million concurrent streams in the US. Over Christmas, the NFL matchup between the Baltimore Ravens and the Houston Texans averaged 24.3 million viewers on Netflix, while the earlier Chiefs-Steelers bout brought in 24.1 million viewers.

source: variety.com

Ari Emanuel Praises Triple H & Dana White’s Work With WWE & UFC, Talks Netflix/WWE Deal

Ari Emanuel is very happy with how Triple H and Dana White are doing with WWE and the UFC, respectively. Emanuel is the CEO of TKO, the parent company of both WWE and UFC, and he recently spoke on Bloomberg about the success of both companies, WWE’s deal with Netflix and more. You can see highlights below (courtesy of Wrestling Inc):

On the performance of the two companies: “I don’t think it’s Fight Club. I remember watching WWE — WWF, actually — when I was young. Paul [Levesque] has done an amazing job with the WWE, with ‘Raw,’ ‘SmackDown,’ PLEs, ‘NXT.’ And UFC is a sport that Dana [White] created over 30 years ago. Didn’t exist. [It was] His vision. You don’t have to explain the rules of the UFC to anybody in the world.”

On Triple H taking over WWE from Vince McMahon: “When you have guys that are visionaries, take whatever comes through on the cases with Vince McMahon who is no longer with the company, and now Paul, Triple H, is running that. They understand, kind of, the heartbeat. The skills I’ve maybe learned in the talent agency side have helped, but now we’re partners. So, now, that’s how I look at it. You just have to let the talent — and those guys are talent — do what they do and support them with all that they need.”

On WWE’s deal with Netflix: “You can see that Netflix wants to be in the live sports business. I think they [WWE] will perform very well for them. There’s a huge chunk of the audience that are WWE fans that are not right now, based on our research, Netflix subscribers. If they capture a portion of those, it’s a huge win for them and a huge win for us.”

On the potential of UFC moving to Netflix: “Listen, ESPN has been an incredible partner. First quarter we’ll see, that’s where we can start. We would love to be back in ESPN. They have been incredible to us.”

Triple H: I Told Ari Emanuel When TKO Formed, ‘I Just Want To Have Fun. If It’s Fun, I’ll Stay’

Triple H just wanted to have fun.

WWE and UFC officially merged in September 2023 to form TKO under the Endeavor banner. Triple H was already appointed as the Chief Content Officer, but Vince McMahon would often make remote changes throughout 2023.

With the merger, Vince started to become less involved until he eventually resigned as TKO Executive Chairman in January following a lawsuit against him where he was accused of sex trafficking and sexual assault.

With Vince fully out of the picture, Triple H has ushered in a new era.

"I’m loving what I do, that’s the biggest thing for me. When TKO went down and Ari Emanuel talked to me about this, I said, ‘I just want to have fun. If it’s fun, I stay. If It’s not, we’ll figure out something else.’ We’re having fun. I want everyone to have fun. When the signature was playing, I picked up the headset and said, ‘Biggest thing we want to remember tonight, everybody, have fun. Enjoy this.’ If this is fun, everybody loves it. If we have fun making it, you’re going to enjoy watching it. That’s what I believe," Triple H said at the WrestleMania XL press conference.

Endeavor Announces Close of UFC® And WWE® Transaction To Create TKO Group Holdings, A Premium Sports And Entertainment Company

Endeavor Announces Close of UFC® and WWE® Transaction to Create TKO Group Holdings, a Premium Sports and Entertainment Company

New Company to Begin Trading Today, September 12, on the New York Stock Exchange Under “TKO” Ticker Symbol

BEVERLY HILLS, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (previously NYSE: WWE) (“WWE”) today announced the close of their previously announced agreement and the launch of TKO Group Holdings, Inc. (NYSE: TKO) (“TKO”).

TKO brings together UFC, the world’s premier mixed martial arts organization, and WWE, an integrated media organization and the recognized global leader in sports entertainment, to create a new premium sports and entertainment company serving more than one billion young and diverse fans1, reaching viewers in 180 countries, and producing more than 350 annual live events. Through this combination, TKO will leverage Endeavor’s expertise in areas including domestic and international media rights, ticket sales and yield optimization, event operations, global partnerships, licensing, and premium hospitality to drive revenue growth.

“The creation of TKO marks an exciting new chapter for UFC and WWE as leaders in global sports and entertainment,” said Ari Emanuel, CEO of Endeavor and TKO. “Given their continued connectivity to the Endeavor network, we are confident in our ability to accelerate their respective growth and unlock long-term sustainable value for shareholders. With UFC and WWE under one roof, we will provide unrivaled experiences for more than a billion passionate fans worldwide.”

“This is the culmination of a decades-long partnership between Endeavor and WWE across strategic initiatives including talent representation and media rights. Given our collaborative, trusted relationship and Endeavor’s incredible track record of success growing UFC, we believe WWE is optimally positioned for future growth and success as part of TKO,” said Vince McMahon, Executive Chairman of TKO. “Our focus remains on delivering for our fans across the globe as we take the business to the next level alongside UFC and Endeavor.”

TKO will begin trading today on the New York Stock Exchange under the ticker symbol “TKO,” with Endeavor holding a 51% controlling interest in the new company and existing WWE shareholders holding a 49% interest in the new company, on a fully diluted basis.

As previously announced, TKO is led by:

Ariel Emanuel, Chief Executive Officer, who continues as Chief Executive Officer of Endeavor;

Mark Shapiro, President and Chief Operating Officer, who continues as President and Chief Operating Officer of Endeavor;

Andrew Schleimer, Chief Financial Officer; and

Seth Krauss, Chief Legal Officer, who continues as Chief Legal Officer of Endeavor.

Dana White is now Chief Executive Officer of UFC and Lawrence Epstein remains Senior Executive Vice President and Chief Operating Officer of UFC. Nick Khan continues at WWE in the role of President.

The Board of Directors of TKO is led by Vince McMahon as Executive Chairman of the Board and consists of 11 members, including Mr. Emanuel, Mr. Shapiro, and Mr. Khan, in addition to the following directors:

Peter C.B. Bynoe, Senior Advisor at DLA Piper LLP;

Egon P. Durban, Co-Chief Executive Officer of Silver Lake;

Steven R. Koonin, Chief Executive Officer of the Atlanta Hawks, LLC;

Jonathan A. Kraft, President of the Kraft Group LLC;

Sonya E. Medina, President and Chief Executive Officer of Reach Resilience;

Nancy R. Tellem, Executive Chairperson and Chief Media Officer of Eko; and

Carrie Wheeler, Chief Executive Officer and a board member of Opendoor Technologies Inc.

ENDEAVOR ANNOUNCES UFC® AND WWE® TO FORM A $21+ BILLION GLOBAL LIVE SPORTS AND ENTERTAINMENT COMPANY

BEVERLY HILLS, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)-- Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced that they have signed a definitive agreement to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE. Upon close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.

Together, UFC and WWE will have global reach, impressive scale and omnichannel distribution. On a combined 2022 fiscal year-end basis, UFC and WWE achieved revenue of $2.4 billion and a 10% annual revenue growth rate since 2019.

“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Ariel Emanuel, CEO of Endeavor. “For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.”

“Given the incredible work that Ari and Endeavor have done to grow the UFC brand – nearly doubling its revenue over the past seven years – and the immense success we’ve already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders,” said Vincent K. McMahon, Executive Chairman of WWE.

McMahon continued, “Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity. The new company will be well positioned to maximize the value of our combined media rights, enhance sponsorship monetization, develop new forms of content and pursue other strategic mergers and acquisitions to further bolster our strong stable of brands. I, along with the current WWE management team, look forward to working closely with Ari and the Endeavor and UFC teams to take the businesses to the next level.”

The new company will be led by Emanuel (Chief Executive Officer), who will also continue in his role as Chief Executive Officer of Endeavor, McMahon (Executive Chairman of the Board) and Mark Shapiro, who will be President and Chief Operating Officer of both Endeavor and the new company. Dana White will continue in his role as President of UFC and Nick Khan will serve as President of WWE. The Board of Directors will consist of 11 members who will be appointed at a later date, six of whom will be appointed by Endeavor and five of whom by WWE.