According to Shareholdersfoundation.com, WWE is currently being investigated by an unnamed law firm for "potential securities laws violations."
The law firm is investigating whether or not a series of statements made by World Wrestling Entertainment regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shareholders Foundation is a portfolio monitoring site that alerts stock holders when a company in which they own stock is under investigation, and although the site did not reveal the name of the law firm investigating WWE, they did note to stock holders that some type of investigation is currently underway.
WWE has issued the following statement regarding the Shareholders Foundation report:
“The claim that Shareholders Foundation is allegedly investigating has absolutely no substance or merit.”
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April 30, 2014
WWE Under Investigation for “Potential Securities Laws Violations”; Official Statement Issued by WWE
Huge Pro Wrestling NOAH Superstar Leaves
KENTA announced today at a press conference at the NOAH offices that he will be having his final show being on 5/17.
KENTA is the biggest name in NOAH, and has had a WWE tryout week in January. The belief in Japan is that he is WWE/NXT-bound, at the Press Conference he said the following;
"There is only one life, and it is now or never to try something new in a different environment,"
If you didn't know, KENTA was trained by his name-sake, legendary Kenta Kobashi, and had outstanding matches back in 2005/2007 in Ring Of Honor with the likes of WWE Champion Daniel Bryan, Samoa Joe and Seth Rollins. While having won pretty much everything in NOAH and being #22 on the PWI Top 500 last year.
WWE Releases NXT Wrestlers & Divas
PWInsider reports that WWE released the following NXT wrestlers this afternoon:
* Mason Ryan, former Nexus member who last lost to Tyson Kidd on NXT TV
* Shaul Guerrero, known as Raquel Diaz. She is the daughter of Eddie and Vickie Guerrero. This was her second run in WWE developmental.
* Danny Burch, a UK talent who had been signed since 2011.
* Oliver Grey, a UK talent, who just returned from a knee injury after being out for a while. He last lost to Camacho on NXT TV.
* Sarah Backman, a professional arm wrestling champion from Sweden, who was signed in March of 2013. She was recently re-named Shara in NXT. Backman requested and received her release several days ago.
April 29, 2014
WWE Announces Ten Most-Watched WWE Network Shows from This Past Week
Courtesy of WWE, below are the top 10 most-watched shows on the WWE Network from the past week:
1. Legends House, Episode 2
2. RAW Pre-show
3. Legends House, Episode 1
4. WrestleMania XXX
5. RAW Backstage Pass
6. WWE Main Event
7. WWE Slam City
8. WWE Hall of Fame
9. Ultimate Warrior: Ultimate Legend
10. WWE NXT
April 27, 2014
April 25, 2014
Top WWE executive involved with WWE Network leaves
Perkins Miller, who was WWE's Executive Vice Presidnet of Global Digital Media and a big part of the launch of the WWE Network, has left the company to go work for the NFL to take on a role as Chief Digital Officer. The NFL plans to launch a new serviced called NFL Now that will be very similar to the WWE Network that Miller will be part of.
source: sports business daily
April 24, 2014
WWE legend Stone Cold Steve Austin supports gay marriage
WWE legend Stone Cold Steve Austin has been running a weekly podcast for the last year, and it’s a must-listen for any pro wrestling fan. On a show last year, Austin shared his thoughts on same-sex marriage, and offered a brash, profanity-laced take on the subject which is just now making the rounds.
Austin, who is married and has two biological and one adopted daughter by previous marriages, said that he adamantly believes that people should be able to marry whoever they want.
“What also chaps my [expletive], some of these churches, have the high horse that they get on and say ‘we as a church do not believe in that.’ Which one of these [people] talked to God, and God said that same-sex marriage was a no-can-do?”
You can listen to the segment from Austin’s podcast here.
Rumor Mill - WWE Executives Not Happy With Mick Foley
Several top WWE executives are reportedly upset at Mick Foley. This is due to the blogs and tweets he made in regards to the booking of Daniel Bryan around the Royal Rumble. Foley was very critical of the company during that time about how they were booking Daniel Bryan and not listening to the fans.
They're likely not happy about his latest blog, where he explains not signing a new Legends deal because he was disappointed with the payoffs on the past two video games.
