WWE Will Hold Fewer Live Events In 2025

Mark Shapiro, the President and Chief Operating Officer of TKO Group Holdings spoke at the Goldman Sachs Communacopia & Technology Conference on September 11. There, he commented on WWE cutting back on live events.

“We’re cutting events at WWE,” Shapiro said. “We’re taking our low-margin, marginally profitable events, untelevised events that Vince [McMahon] put in place to grow the brand. You’re taking the show on the road and we gotta go to every city we can get to grow the WWE brand. Well the WWE brand, while we still have to grow it, it’s on fire right now. We don’t need to carry these marginally profitable events … What was 300 [events] last year will be roughly 250 this year. And next year, we’ll be close to 200.”

Furthermore, Shapiro said that the tickets for WWE events were underpriced, and he hinted that WWE could follow the pattern of raising prices to meet the demand that has been evident elsewhere in the concert industry.

The company has already started making a change. They have already cut back on the amount of live events that will be held in the United States for the fall of 2024.

Triple H: WWE Has A Little Something For All Ages, You Never Want To Age Yourself Out

Triple H wants WWE to appeal to all ages.

Since becoming the Chief Content Officer of WWE, Triple H has started to push the boundaries of a PG product to appease some of the adults that tune in on a weekly basis. Many fans even suspect that Raw will become an edgier product when it makes the move to Netflix in 2025.

While speaking to Full Press Wrestling for a brief interview, Triple H talked about appealing to all ages can be a tricky thing.

“The tricky part about what we do is you’ve got to have something for the 60 year old, you’ve gotta have something for the 40 year old, you’ve gotta have something for the 30 [year old], 20 [year old], and you gotta have something for the 10 and 6 year old. You’ve gotta have a little bit of something for everybody. The characters, the storylines. You never want to age yourself out, you don’t want to shoot yourself [in the foot by being] too kiddy because even the kids won’t like it then right, they don’t want somebody pandering to them. You’ve got to have something that crosses everything and it’s the trick of what we do, a little something for everyone.”

source: fightful.com

TKO Details Repayments By Vince McMahon For Misallocated Funds

Former WWE Chairman Vince McMahon resigned from WWE and parent company TKO in January following the filing of a sex trafficking lawsuit against him by Janel Grant, 18 months after his initial resignation in 2022 following reports he had misappropriated company funds to pay NDAs to Grant and others. McMahon has since been reimbursing the money waylaid to WWE — which merged with UFC under TKO in September 2023 — and the company's latest quarterly report indicates he has continued to do so since his resignation.

"Mr. McMahon has agreed to make future payments to certain counterparties personally," the report reads. "As of December 31, 2023, total liabilities of $1.5 million are ... owed by Mr. McMahon to certain counterparties."

It's further noted that as of June 30, 2024, McMahon had made the payments to the relevant parties in full and directly.

"In connection with and/or arising from the investigation conducted by a Special Committee of the former WWE board of directors, Mr. McMahon has agreed to reimburse the Company for additional costs incurred in connection with and/or arising from the same matters," the section concludes. 

McMahon returned to WWE after his initial resignation in January 2023, announcing his intent to secure a sale of the company. That turn of events led to the formation of TKO, with which McMahon continued as Executive Chairman. Grant's lawsuit in January this year alleged gross sexual misconduct and trafficking at the hands of McMahon during her time with the company, which he has continuously and vehemently denied, and saw him resign from his roles with TKO and WWE.

John Cena Announces Retirement Tour, Wrestlemania 2025 Will Be His Last Match

John Cena has done the unthinkable.

The former 16-time world champion made a surprise appearance at this evening’s Money In The Bank premium live event in Canada, where he received a hero’s welcome. Cena got on the mic and told the WWE Universe that was officially retiring from WWE after two decades. He added that the great Canadian fan base always shows up when wrestling is at its hottest, and WWE is hotter than ever.

Cena then revealed his plan for retirement, stating that he will be at the Raw premiere on Netflix, he’ll compete at the 2025 Royal Rumble, the 2025 Elimination Chamber, and at WrestleMania 41 in Las Vegas. However, those events will be his last, with the indication being that Mania 41 will be his final match. To end his speech, Cena challenged any future WWE superstar to step up to the plate, because “The Last Time Is Now.”

Triple H Explains WWE's Unique Approach: "We’re a Movie About a Sport"

In an interview with The Pat McAfee Show, Paul 'Triple H' Levesque shared his perspective on WWE, emphasizing that WWE is not a sport but a "movie about a sport."

He stated: “Our fanbase is so ravenous for (content). There is nothing else that episodically airs. I say this a lot; we’re not a sport. We’re a movie about a sport or a TV show about a sport. The interest of all the other things happening are just as great as what happens in the ring. People are so interested, in not only those storylines, but who are the real people behind those storylines? The drama behind it. If you’re younger or want to buy into it that much, the drama of the storylines. If you’re in a different mindset, the drama of what is happening behind the scenes. ‘Is that guy leaving? Has he signed a contract? Is he going to stay? I heard he has problems with management, they’re trying to restrict his style.’ Whatever your mindset is, you can go there and follow up with it on a regular basis. The content is easy to watch and easy to understand. You can sit on a bus or train and watch clips.”

Sika Anoaʻi, One Half of The Wild Samoans and Father of Roman Reigns Passes Away Aged 79

Legendary wrestler Leati Sika Amituana'i Anoaʻi, known to fans as Sika, has passed away.

Sika, along with his brother Afa, was a dominant force in tag team wrestling. The Wild Samoans, as they were known, captured the WWF Tag Team Championship three times. Their ferocity and innovative moves left a lasting impact on the sport. Sika's legacy extends beyond the ring. He was the father of WWE superstars Roman Reigns and the late Rosey.

Sika's contributions to wrestling were recognized in 2007 when he was inducted into the WWE Hall of Fame as part of The Wild Samoans.

One of Sika Anoa’i’s nephews, Jahrus Anoa’i, took to his Instagram to share the sad news. He noted that Sika had passed away on June 25th. He wrote a touching message about the legacy of the WWE Hall of Famer, one that will surely bring a tear to anyone’s eye.

"It is with profound sadness that I share the news of the passing of former Hall of Famer, Polaivao Leati Sika Anoa’i. He passed away peacefully on June 25th. Sika was a celebrated figure whose contributions and legacy have left an indelible mark. His memory will live on through his achievements and the many lives he touched.

He was many things: a hard-working father, a caring brother, a supportive uncle, and a proud grandfather. He was a cherished friend to many, a loving family member whose warmth and kindness knew no bounds, and an inspiration to countless individuals. His legacy will continue to inspire and uplift future generations, reminding us of the impact one person’s life can have on so many. Rest in love, Uncle Sika 🤍🕊️ #wildsamoans #halloffamer #sikaanoai"

Suit Against Vince McMahon Paused At Justice Department's Request

The woman accusing Vince McMahon of sexual misconduct agreed to pause her lawsuit against the former WWE CEO after a request from the Justice Department, her attorney told ABC News on Thursday.

Janel Grant, a former WWE employee, alleged in a 67-page suit filed in January that McMahon forced her into a sexual relationship in order for her to keep her job and passed around pornographic content of her to other men at the company.

"Ms. Grant has consented to a request by the U.S. Attorney for the Southern District of New York to stay her case against Mr. McMahon, WWE and Mr. [John] Laurinaitis, pursuant to a pending non-public investigation," Ann Callis, Grant's attorney, said in a statement to ABC News. "We will cooperate with all appropriate next steps."

Grant also accused McMahon of inflicting "psychological torture and physical violence" while making "depraved sexual demands." McMahon is accused of trafficking Grant to other WWE employees. The lawsuit, which also named former WWE executive John Laurinaitis, included graphic descriptions of alleged sexual encounters along with explicit text messages.

source: si.com

Vince McMahon Sells Final TKO Shares for $776M+ to End WWE Ties After 50+ Years

The Vince McMahon era has come to an end as he sold his remaining shares of stock in his former company, 42 years after buying it from his father. 

Rumors are circulating that Vince could use his billions to startup another company; he is said to be angry that he was “forced out” by the hierarchy of TKO after news of his sex scandal broke. Nick Khan has also filed to sell all of his shares in the company as well. 

Many call McMahon a genius, he was able to build a billion dollar empire before we all watched his stubborn ideology begin to affect the overall legacy of the company. The news of the NDA agreements and “hush money” to Janel Grant led to his initial retirement last year, and after forcing his way back in at TKO, the final attempt was the end of his tenure and apparent censure from the company he is synonymous with. 

It’s a new day. The Paul Levesque era is finally here, WrestleMania 40 was the most profitable and critically acclaimed event in recent history, and it’s a great time to be a professional wrestling fan. The “sports entertainment” era is finally over, and the once respected Vinnie Mac is now persona non grata in the business. Insiders say that McMahon’s office is as he left it, and he has not been and will not be back in the building, calling the infamous room “creepy” and saying the atmosphere overall at the company is much better in his absence.

Vince McMahon's life after WWE: Kittens, vacations and staying in touch with Trump

As he faces a mountain of legal woes, former WWE leader Vince McMahon is traveling, eating out and keeping in touch with friends and associates — including former President Donald Trump.

McMahon resigned as executive chairman of World Wrestling Entertainment’s parent company almost three months ago after a former employee, Janel Grant, accused him in a bombshell lawsuit of sexual abuse and trafficking. He denied the allegations. McMahon, 78, is also facing a federal criminal investigation, although he hasn’t been charged.

NBC News and CNBC talked to 11 people familiar with McMahon and WWE about how he’s been spending his time — and how the global brand he built over more than four decades is moving on without him. These people, including close personal associates and company insiders, declined to be named, citing ongoing legal cases and the confidential nature of internal corporate communications.

Multiple WWE insiders said he hasn’t had any contact with company leaders and figureheads since he resigned. Mark Shapiro, the operating chief of WWE parent company TKO Group Holdings, said in March that McMahon “doesn’t work for the company, doesn’t come into the office, and he’s not coming back to the company.”

That also means McMahon hasn’t talked to his son-in-law, WWE creative chief and former superstar Paul “Triple H” Levesque, or daughter, Stephanie McMahon-Levesque, regarding company matters, sources said. While she introduced WWE’s WrestleMania event earlier this month, McMahon-Levesque, who worked beside her father for more than 20 years and played roles in storylines, currently has no involvement with the company, according to people familiar with the matter. Levesque and McMahon-Levesque declined to comment through a spokesperson, as did a WWE representative.

McMahon is nonetheless indelibly linked with the wrestling outfit, which he bought from his father 42 years ago. Still, he seems to have moved on, according to multiple sources. McMahon has kept up his other routines, and it’s as if he’s unfazed by his legal fights, two sources said...More?

source: nbcnews.com

WrestleMania 40 Shatters Multiple WWE Records to Become Highest-Grossing Event in Company History

WrestleMania 40 broke multiple WWE records and has become the most successful live event in the company’s history.

WrestleMania 40 took place over two nights at Lincoln Financial Field in Philadelphia, PA. Per WWE, the gate for the event was up 78% compared to the previous record set during WrestleMania 39, with 145,298 in attendance across both nights this year. The company also says viewership was up 41% versus last year, while merchandise sales — in partnership with Fanatics — was up more than 20% over last year.

But the live events on Saturday and Sunday nights are just one part of the story. WWE set up a massive presence in Philadelphia from Thursday-Monday. The company, along with Fanatics Events, hosted the WWE World experience at the Pennsylvania Convention Center, where fans could pay to get up close with authentic WWE memorabilia from their archives as well as take part in immersive experiences. This was coupled with the WWE Superstore, which featured a wide range of branded merchandise from apparel to toys and beyond.

The April 5 episode of “SmackDown” originated from the Wells Fargo Center in Philadelphia, drawing the largest gate in “SmackDown” history. Likewise, the April 8 episode of “Monday Night Raw” drew the largest gate in “Raw” history. WWE also put on the NXT live event “Stand and Deliver” on Saturday afternoon at the Wells Fargo Center, which drew a record breaking crowd of 16,545, the most ever for an NXT event.

On social media, over 660 million views were generated across WWE’s social channels, while the WWE YouTube channel had its biggest day ever on Sunday with 67 million views in 24 hours.

WrestleMania 40 featured a number of smash hit matches, most notably the WWE Universal Championship match between Roman Reigns and Cody Rhodes on Night 2. On Night 1, the two squared off with the aid of Dwayne “The Rock” Johnson and Seth Rollins, respectively, in a tag team match that marked Johnson’s first match for WWE since 2016.

source: variety.com

Stephanie McMahon rings in the Paul “Triple H” Levesque era

WWE: Next Gen debuts April 1 on Roku

Muhammad Ali to Be Inducted Into WWE Hall of Fame Class of 2024

Muhammad Ali will be inducted into the WWE Hall of Fame Class of 2024, Variety has learned exclusively.

Ali will be inducted during the Hall of Fame ceremony taking place on April 5 at the Wells Fargo Center in Philadelphia, Pennsylvania. He will be inducted by his widow, Lonnie Ali. The ceremony will be livestreamed on Peacock beginning at 10 p.m. ET/9 p.m. CT.

Ali dabbled in professional wrestling at different times in his career. He famously fought an exhibition match against Japanese pro wrestling legend Antonio Inoki in Tokyo in 1976. In the leadup to that matchup, he appeared at a WWWF (now WWE) show, where he entered the ring and challenged Gorilla Monsoon. Ali would go on to appear as a special guest referee for the main event of WrestleMania I in 1985, which saw Hulk Hogan and Mr. T face off against Roddy Piper and Paul Orndorff. Ali also appeared as the guest of honor at the infamous “Collision in Korea” pay-per-view event held in North Korea in 1995.

Widely considered to be one of the best, if not the best, boxers of all time, Ali won an Olympic gold medal for the United States in boxing in 1960 and went on to become the undisputed world heavyweight champion. He holds notable wins over opponents such as Sonny Liston, Ken Norton, Joe Frazier, and George Foreman among many others. His final professional boxing match came in 1981. He finished his career with 56 wins, 5 losses, with 37 knockouts.

He was also noted for his social activism, including refusing to be drafted into the U.S. Army during the Vietnam War. His refusal led to him being stripped of his heavyweight championships and being largely forced out of boxing for years.

He passed away in 2016 at the age of 74.

source:  varity.com

WWE Sells Ring Mat Sponsorship for First Time in ‘Record-Setting’ Pact With Logan Paul’s Prime Sports Drink

On Friday, WWE announced a “record-setting” pact with Logan Paul and KSI’s Prime Hydration beverage brand to become the wrestling entertainment company’s exclusive “official hydration drink partner” and the first partner to ever appear on the center of the WWE ring.

With the deal, WWE is following the playbook of UFC, now its corporate cousin under TKO Group formed last year in a merger engineered by UFC owner Endeavor. Earlier this year, TKO brought together the global partnerships teams at UFC and WWE to form “a singular global partnerships unit with a unified sponsorship strategy,” the company said. 

WWE’s new deal with Prime comes after UFC in January 2023 struck an exclusive global partnership with the drink brand. Paul, a digital influencer and wrestling pro, also has a talent deal to appear in WWE’s SmackDown. 

Terms of the WWE-Prime sponsorship deal weren’t disclosed. WWE said Prime Hydration will receive “unprecedented exposure and integration” including on center-mat branding at premium live events including WrestleMania and Money in the Bank along with “key brand placement” within WWE events including WrestleMania XL and Survivor Series, match sponsorships, co-presenter designations and product activations at future live events, and social support from WWE Superstars across retail and digital activations.

“What Logan and his team have built in a short time is phenomenal and we’re excited to help showcase Prime Hydration across our biggest events,” WWE chief content officer Paul “Triple H” Levesque said.

Paul commented, “Combining two of my greatest achievements into one knockout partnership is a dream come true. We’ve worked incredibly hard at Prime to build a brand that disrupts the beverage industry and it’s time to join forces with the global leader in sports entertainment.” Paul co-founded Prime in 2022 with KSI, the British YouTuber, rapper, boxer and entrepreneur. 

In January, TKO announced 10-year deal with Netflix for WWE’s “Monday Night Raw” that delivers a significant step-up in fees for the franchise. TKO’s deal WWE “Raw” deal with Netflix ;has an initial 10-year term for an aggregate rights fee of more than $5 billion, or $500 million annually. That’s up from WWE’s current five-year deal for “Raw” with NBCUniversal, said to be worth approximately $250 million-$260 million per year. Netflix has the option to extend the pact for an additional 10 years or to opt out after five years.

source: variety.com

Federal Prosecutors Investigate Vince McMahon Sex-Trafficking Allegations

WWE co-founder Vince McMahon is under federal investigation over the allegations of sexual assault and sex trafficking against him, according to a report

Prosecutors in New York have been in touch with alleged victims of McMahon, people familiar with the investigation told the Wall Street Journal.

McMahon resigned last week from the WWE after former employee Janel Grant filed a lawsuit accusing him of sexually abusing her and trafficking her to other men inside the wresting giant.

The former honcho has denied the allegations and said the federal investigation won’t find wrongdoing.

“I intend to vigorously defend myself against these baseless accusations, and look forward to clearing my name,” he told the outlet in a statement.

 WWE didn’t respond to requests from the Journal about the investigation or about the individual women’s allegations. 

John Laurinaitis Seemingly Confirms Vince McMahon Allegations, Says He's Also A Victim

Last Thursday, former WWE employee Janel Grant filed a 67-page lawsuit against Vince McMahon, WWE, and former WWE executive John Laurinitis outlining allegations of sex trafficking, sexual assault, and a number of other abuses. McMahon has since resigned from his corporate positions at TKO Group Holdings despite denying the accusations against him. Laurinitis, on the other hand, has seemingly confirmed the allegations against McMahon — though not the allegations against himself.

According to a statement provided by Laurinitis' lawyer, Edward Brennan (via VICE News), the former WWE Head of Talent Relations maintains that he is a victim in this case, much like the plaintiff, Janel Grant.

"Mr. Laurinaitis denies the allegations in the misguided complaint and will be vigorously defending these charges in court, not the media," Brennan wrote on Laurinaitis' behalf. "Like the plaintiff, Mr. Laurinaitis is a victim in this case, not a predator. The truth will come out."

When Brennan was then asked to clarify whether he was claiming McMahon was the predator in this case, he wrote, "Read the allegations. Read the Federal Statute. Power, control, employment supervisory capacity, dictatorial sexual demands with repercussions if not met. Count how many times in the complaint Vince exerts control over both of them."

As cited in the lawsuit, Laurinaitis was named as one of the men that McMahon allegedly recruited for Grant to regularly have sex with, both with and without McMahon himself involved. Grant was supposedly told to create "explicit content" for Laurinaitis, who she also claims raped her alongside McMahon inside Laurinaitis' office in WWE Headquarters. Grant's lawsuit charges Laurinaitis with civil battery, intentional or negligent infliction of emotional distress, and violation of the Victims of Trafficking and Violence Protection Act of 2000.

End Of An Era 2.0

For the first time since its inception as the Capitol Wrestling Corporation in the 1950's, the only member of the McMahon family currently with the WWE is a Levesque. End of an era.

Vince McMahon Resigns from Executive Roles at TKO Group Amid Legal Turmoil

Vince McMahon has stepped down from his roles as the Executive Chairman and Board Member of TKO Group Holdings, Inc., a conglomerate created by Endeavor, incorporating both WWE and UFC.

In a communication with employees, WWE President and member of the TKO Board, Nick Khan, announced, "Vince McMahon has relinquished his positions as TKO's Executive Chairman and as a member of the TKO Board of Directors," as reported by Variety. "His involvement with both TKO Group Holdings and WWE has come to an end."

This development follows a lawsuit filed against McMahon by Janel Grant, a former WWE employee. The lawsuit charges McMahon, along with the company and ex-WWE executive John Laurinaitis, of abuse, sexual exploitation, and trafficking her to other individuals, including Laurinaitis, previously the head of talent relations at WWE.

Statement From TKO Group Holdings Concerning The McMahon Lawsuit

After WWE founder Vince McMahon was sued by a former employee, who alleged that he abused and sexually exploited her when he was CEO of the wrestling-entertainment company, a spokesperson for TKO Group Holdings, the parent company of WWE and UFC, said in a statement:

“Mr. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE. While this matter predates our TKO executive team’s tenure at the company, we take Ms. Grant’s horrific allegations very seriously and are addressing this matter internally.”

WWE Founder Vince McMahon Accused of Sexual Abuse and Trafficking in Lawsuit by Former Employee

It's arguably been the most newsworthy week in WWE history, after the promotion announced a 10-year, $5 billion deal with Netflix Tuesday, with WWE Chairman Vince McMahon front and center at the New York Stock Exchange. Now on Thursday, McMahon is front and center again, for all the wrong reasons.

The Wall Street Journal reports that McMahon has been sued by former WWE employee Janel Grant, who has accused McMahon of sex trafficking. The lawsuit, filed Thursday morning, further alleges that McMahon abused and sexually exploited her while he was still WWE's Chief Executive, that he coerced her into sexual relations with the "promise of career advancement," and would later traffic her to other men within WWE.

Grant, who signed an NDA with WWE in 2022, claims she first met McMahon in 2019 in the apartment building they both lived in. McMahon allegedly promised Grant work at WWE and proceeded to "shower her with gifts." The suit goes on to allege that McMahon pressured her into sexual activities in order to secure her a job. Grant was hired by WWE in June 2019 as "administration coordinator," a position McMahon allegedly created for her. She subsequently had little work to do, leading to other WWE employees complaining, and Grant believing her job was "unearned."

Grant further alleges that McMahon would send her sexually explicit messages, increased demands for sex, and began forcefully using "toys" during sex, injuring her. She also claims McMahon would share photos and videos of her with other WWE execs and wrestlers, and that he recruited others in WWE to have sex with her, including then WWE head of talent relations John Laurinaitis. The suit further alleges Grant's mental and physical health deteriorated, leading to McMahon sending her to what was described as a "celebrity doctor" in November, and later paying $20K for surgery.

The suit goes on to claim that Grant would be transferred to the talent-relations division in May 2021, leading to her working directly under Laurinanitis. Grant alleges that a month after the transfer, McMahon and Laurinaitis would lock her in an office, and took turns sexually assaulting her, followed by McMahon assaulting her again a week later.

The suit further claims that Grant would sign an NDA in January 2022, after McMahon told her his wife, Linda McMahon, had learned about their relationship. Nevertheless, McMahon would only pay $1 million of the agreement before ceasing making payments and continued his abuse through March 2022. Grant would also once again text explicit photos to the WWE star, but the two would still never meet.