Since 2006
**Celebrating 20 Years**
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September 24, 2021
Happy Birthday Stephanie
September 21, 2021
Triple H Comments On His Recent Cardiac Event
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Labels: Levesque Family News, NXT 2.0, Shawn Michaels, Triple H, WWE NXT
Rumor Mill - Vince McMahon Reportedly Looking To Make WWE NXT 2.0 An Edgier Product
WWE Chairman & CEO Vince McMahon reportedly has some significant plans in store for the WWE NXT 2.0 brand.
Word going around WWE is that McMahon has plans for NXT 2.0 to be a more edgier product, according to Fightful Select. This would be a part of the ongoing revamp for the brand.
It was reported that the NXT 2.0 brand may target more of a P18-34 demographic, which would go for everything from in-ring work and aggression, to harsher language, and the like. It was also noted that there may be more lenience when it comes to the attire worn by female Superstars, although it wasn’t specified exactly what that means. Another point brought up was that the brand may “keep up with current affairs with promos and character verbiage.”
There’s no word on when these changes might be implemented, and it was noted that sources haven’t heard much more outside of a brief internal acknowledgement that the changes have been discussed.
At least some officials at the USA Network are aware of the potential changes, and are said to be in support of them.
Adam Cole Comments On Shawn Michaels And Triple H
“I’ve been so open with how much of a relationship I formed with Shawn Michaels. He is an idol of mine. A guy I look at as the greatest professional wrestler of all-time. To have the chance to work under him was really cool. Triple H, as well, treated me with nothing but respect and is someone I learned so much from, whether it be things that may seem small but are a big deal in the ring or a work ethic. I feel like the pro wrestler I am today is a lot better than Adam Cole was four years ago. A lot of that is because of my time in NXT.”
September 20, 2021
AEW And The Owen Hart Foundation Announce Partnership, Tournament To Be Held
All Elite Wrestling (AEW) and The Owen Hart Foundation (OHF), a nonprofit charity which provides a vast range of assistance and opportunities to individuals in-need across the world, are collaborating to honor the legacy of late wrestler Owen Hart, a beloved figure in the professional wrestling community and beyond. This collaboration includes launching the annual Owen Hart Cup Tournament within AEW, which will see the winner receive a Cup known as “The Owen,” as well as the production and distribution of unique and original Owen Hart merchandise, including specified retail goods as well as the upcoming AEW console video game.
This alliance incorporates opportunities to develop Owen Hart action figures via AEW’s partnership with Jazwares, apparel, posters, and additional collectable merchandise. Owen Hart is survived by his wife, Dr. Martha Hart, who spearheads The Owen Hart Foundation with a mission of providing global aid to at-risk communities (e.g., scholarships, housing, various forms international assistance, food drives, backpack giveaways and Christmas projects).
“AEW’s relationship with the Hart family dates back to our inaugural pay-per-view event, Double or Nothing in 2019, and Owen’s influence is still felt today,” said Tony Khan, AEW CEO, GM and Head of Creative. “To extend his memory and his legacy even further through this agreement is a powerful and meaningful moment for the entire wrestling community.”
“The Owen Hart Foundation is extremely pleased to partner with AEW in this wonderful joint venture to honor Owen’s substantial international wrestling career and the lasting influence he and his craft has had in the sport. AEW’s Owen Hart Cup Tournament serves as a tremendous tribute to Owen and provides an incredible way for professional wrestling enthusiasts to celebrate his work in a most fitting way. We trust that Tony Khan and his amazing AEW team will do a brilliant job with this highly anticipated project. This OHF/AEW partnership is my special gift to all of Owen’s magnificent loyal fans who forever remember him and his inspiring repertoire of talents,” said Dr. Martha Hart.
September 17, 2021
Sean Waltman Shares Heartwarming Text Exchange With Triple H After His Heart Surgery
The friendship between Sean Waltman and Triple H is a bond that can never be broken.
WWE COO Triple H recently had heart surgery which caused concern among members of the WWE Universe. While it’s been reported that he will make a full recovery, situations like this can still be terrifying.
Speaking on the latest episode of Pro Wrestling 4 Life (via Wrestling Inc), Sean Waltman spoke on the situation and went out of his way to remind listeners of the positive impact that Triple H has had on the pro wrestling industry:
“The health of the entire industry outside of WWE probably wouldn’t be what it is right now if it wasn’t for him, which maybe (laughs) that’s why he has heat right now,” Sean Waltman joked. “He picked the whole business up. Picked WWE up, but at the same time, it raised the awareness of a lot of stuff. They have some of it on the Network. They host ICW out of Scotland, things like that. I’m grateful for that because regardless of what somebody corporate might think, that’s good for everyone.”
Waltman also shared a beautiful story of text messages between the two members of D-Generation X following Triple H’s heart surgery:
“I haven’t talked to him on the phone, but we had this running joke, Paul and I,” Sean Waltman said. “We’d be talking forever, be on the phone for an hour or two, and finally, whenever it was time for Paul to get off the phone, he’d go, ‘Are you going to be around later?’ And he never called me later. It was just, it’s time to take this home. I heard the news just like everyone else, and I just texted him, ‘Hey man, I’m glad you’re gonna be around later,’ and he just said, ‘Me too. Love you, kiddo,’ and that’s it. That’s the extent of what I know. I wasn’t gonna say, ‘Tell me what happened.’ I don’t need to know. I just need to know he’s okay (Waltman starts choking up).”
It was stated on the podcast that Triple H was probably dealing with a lot of pressure right now, due to all of the changes currently happening in WWE NXT. In response to that, Waltman had some advice for his long-time friend:
“I’ll just say this, the things you got to deal with lately, after this, I would seriously consider just cashing in and spending time with my family and saying, ‘F–k this.’ He’s got three beautiful daughters and a beautiful house up on a lake in New Hampshire that I would never leave if I had it,” Sean Waltman pointed out. “I’m just saying, if it was me.”
September 14, 2021
September 8, 2021
Triple H Underwent Procedure For Cardiac Event, Expected To Make Full Recovery
Triple H is on the mend after having a procedure to correct a cardiac-related issue.
On Wednesday, WWE issued the following statement to confirm Triple H (Paul Levesque) had a procedure done in Connecticut last week due to a cardiac event. It was noted that Levesque’s health issue was caused by a genetic heart issue and he is expected to make a full recovery.
STAMFORD, Conn., September 8, 2021 – WWE issued the following statement today regarding Paul “Triple H” Levesque, WWE Executive Vice President, Global Talent Strategy & Development:
“Paul Levesque, a.k.a. Triple H, underwent a successful procedure last week at Yale New Haven Hospital following a cardiac event. The episode was caused by a genetic heart issue and Paul is expected to make a full recovery.”
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Labels: Levesque Family News, Triple H, Wrestling News, WWE
Booker T Reveals New TV Deal For ROW
WWE Hall of Famer Booker T has landed a new TV distribution deal for his Reality of Wrestling indie promotion.
ROW announced today that the Texas-based promotion will begin airing their weekly TV show in nearly 50 markets on Saturday, September 18. The new partnership is with CW, ABC, The Action Channel, RokuTV and Right Now TV.
The full schedule can be seen in Booker T’s tweet below. Booker thanked everyone for supporting the promotion, which launched back in 2005 as Pro Wrestling Alliance.
“I am proud to announce that @TheOfficialROW will be returning the television nationwide in nearly 50 markets! Check out this press release. It’s because of all of you we’ve made it to this point! Thank you all!,” he wrote.
September 7, 2021
Mick Foley Says WWE Has A Problem, Touts AEW As ‘The’ Place Where Talent Aspire To Be
This past weekend’s AEW All Out pay-per-view may have signaled a major shift in the world of professional wrestling, and that’s exactly the case if you ask a certain WWE Hall of Famer in Mick Foley.
Mick Foley took to social media to post a video titled ‘WWE — We Have A Problem’ to claim that AEW is now the place that talent ‘aspire’ to be. Foley explained that WWE broke something that didn’t need to be fixed, but now they need to correct that mistake if they want to be the destination for talent once again.
“WWE is no longer the place for talent to aspire to. Part of it is because AEW is doing a great job of attracting great talent, proven talent, building other talent, creating storylines,” Foley said, “but part of it is a problem of your own [WWE] making. I think younger talent sees the way that developmental characters are cut or left by the wayside, or in the case of Karrion Kross, greatly watered down and even made a joke of when debuting on the main roster.
“If it’s not broke, don’t fix it. If I was an aspiring talent now, a big-league talent with a major decision to make, I’m not sure that I would trust WWE creative to do the right thing with my career. You guys did wonders with me back in the day but that was a different time, different place,” Foley noted, “and if it was today, I’m not sure that I would trust the powers to be with my career in their hands. And until that changes, WWE, we got a problem.”
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7:25 PM
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Labels: All Elite Wrestling, Mick Foley, Wrestling News, WWE
The Undertaker And The New Day Announced For Interactive Movie From WWE & Netflix
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Labels: Austin Creed, Big E Langston, Kofi Kingston, The Undertaker
September 6, 2021
Adam Cole, Bryan Danielson And Ruby Soho Debut At AEW All Out
Adam Cole, who walked to the ring and shocked everyone by attacking Jungle Boy. He greeted Omega and the Young Bucks, then said it was storytime and talked about how his arrival proved The Elite was unstoppable now. Omega went to bid the crowd adieu when “Ride Of The Valkyries” cued up and the arena erupted as Bryan Danielson made his way to the ring. Danielson aligned himself with Jurassic Express and Christian, then assisted in clearing the ring before playing to the crowd to end the night.
Ruby Soho‘s destination is finally known… and she’s got a date with Britt Baker in the future.
Ruby Soho not only made her AEW debut at All Out, but she also won the Women’s Casino Battle Royale to earn a shot at Baker, who retained her title against Kris Statlander earlier in the night. Ruby was the “Joker” in the match and eliminated Thunder Rosa to win the bout.
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Labels: Adam Cole, All Elite Wrestling, Bryan Danielson, Daniel Bryan, Ruby Riot
September 3, 2021
Update On Vince McMahon’s Role In The WWE NXT Revamp
The weekly WWE NXT show will reportedly not be directly produced by WWE Chairman & CEO Vince McMahon and Senior Vice President & Executive Director Bruce Prichard with the upcoming revamp that kicks off this month.
It was reported this week, via Wrestling Observer Live, that McMahon and Prichard were to produce the weekly NXT TV show beginning with the September 14 live episode. The report noted that McMahon and Prichard will be behind the big decisions for the NXT brand, but not the smaller ones. They will also be responsible for marketing, promotion and direction of the NXT brand. It was also said that NXT will be like “the old NXT” moving forward, which appears to be a reference to how the brand was at its peak, around 2015-2018 or so.
In an update, the Wrestling Observer Newsletter reports that WWE held a meeting with talent and staff where they were told the story of McMahon and Prichard directly producing the weekly NXT TV show is incorrect. Word is that McMahon and Prichard simply do not have the time to produce another weekly TV show.
While McMahon and Prichard won’t be directly producing the weekly NXT TV show, Vince remains in charge of everything in WWE, and there have been, and will continue to be more big-picture decisions on the NXT brand that are made my higher-ups in the company, those outside of the NXT circle, including decisions related to creative, branding and marketing.
The people making these decisions, on their own, will be a group made up of McMahon, Prichard, President & CEO Nick Khan, Talent Relations head John Laurinaitis, and Executive Producer & Chief of Global Television Distribution Kevin Dunn. This group will have more influence on whoever they want pushed or protected in NXT, but it was noted that they likely will not be involved in weekly booking since they already have so much going on.
Regarding the changes in NXT, <b>Fightful Select adds that numerous WWE sources have effectively denied the original story on McMahon and Prichard directly producing NXT</b>
It was also noted that McMahon and Prichard were not at the recent set of NXT TV tapings. However, influential WWE Producer Jamie Noble has been seen at the WWE Performance Center more often than usual as of late. Furthermore, Prichard is scheduled to be at the Performance Center this weekend. There’s no word on what Prichard’s Saturday visit is for, but talent is not mandated to be there.
It remains to be seen exactly what this NXT revamp will mean for WWE’s Executive Vice President of Global Talent Strategy & Development Triple H and his crew. We noted earlier this week that the NXT brand will still be “very much in the hands” of Triple H and his team, which includes Trainer & Assistant Coach Shawn Michaels, Director of Talent Development & Head of Global Recruiting William Regal, Head Coach & Vice President of Talent Development Matt Bloom, and others. Word was that the day-to-day operations of NXT won’t change too much, but that the revamp will mean at least some loss of power for Triple H.
The original report on McMahon and Prichard producing NXT led to a “#RIPNXT” hashtag trending worldwide on social media.
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Labels: Jamie Noble, Matt Bloom, Shawn Michaels, Triple H, Vince McMahon, William Regal, WWE NXT, WWE Performance Center
September 1, 2021
CM Punk Responds To Rumors Of AJ Lee Coming To AEW
Linda McMahon Named Chairman of the Center for the American Woman
Main Roster WWE Producer Spotted More Often At WWE NXT Tapings
Rumor Mill - Vince McMahon And Bruce Prichard Reportedly Producing The WWE NXT Brand With Revamp
WWE Chairman & CEO Vince McMahon and Senior Vice President & Executive Director Bruce Prichard are set to produce the WWE NXT brand moving forward.
As we’ve noted, NXT will return to airing live weekly shows on the USA Network beginning with the September 14 episode, which will feature the wedding of Dexter Lumis and Indi Hartwell. This will mark a reset for the brand, with a new logo, new theme song, a new look for the weekly show, and a new creative direction.
It was noted by Bryan Alvarez on today’s edition of Wrestling Observer Live that McMahon and Prichard will be producing the weekly NXT TV show when the brand returns to live TV later this month.
Furthermore, Dave Meltzer adds that McMahon and Prichard will be behind the big decisions for the NXT brand, but not the smaller ones. They will also be responsible for marketing, promotion and direction of the NXT brand.
Regarding NXT creative, it was noted that McMahon and Prichard may be only be booking the wrestlers at the top of the brand.
Word is that NXT will be like “the old NXT” moving forward, which appears to be a reference to how the brand was at its peak, around 2015-2018 or so.
There’s no word yet on what the changes will mean for Triple H and his team, which includes WWE Hall of Famers Shawn Michaels and “Road Dogg” BG James, but we will keep you updated.
WWE President & Chief Revenue Officer Nick Khan recently confirmed that there will be a complete revamp for the NXT brand coming soon. You can click here to read his comments.
As noted, rapper Wale recently revealed a bright new color-changing logo for the NXT brand, and a snippet of the new NXT theme song, which includes several familiar hip-hop samples. That same teaser has aired on WWE TV and social media this week. You can see those teasers below.
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Labels: Bruce Prichard, Rumor Mill, Triple H, Vince McMahon, WWE NXT
August 30, 2021
Ric Flair Appears At NWA 73
Former NWA World Heavyweight Champion Ric Flair returned home at tonight's NWA 73 event in St. Louis.
Flair thanked a number of people including Vince McMahon, Triple H, Shawn Michaels, Undertaker, and Steve Austin. He told Vince McMahon, "I love you. That’s why I’m here" and said that as long as he is alive he will never let people forget about the NWA which made him a star back in the day.
Flair mentioned that Vince knows this is where he belongs. He thanked Triple H for not giving up on him during his time in WWE and mentioned the NWA Title is hanging in Triple H’s office. Flair said Shawn Michaels and Taker carried him at the age of 59. Flair said that Steve Austin always asks him to tell NWA stories.
He went on to tell a Harley Race story and mention some of the greats of NWA. He also thanked Randy Orton and Bob Orton and wants Randy to one day to break his prestigious title record. He also mentioned his kids.
Flair also had praise for NWA owner Billy Corgan and joked about how he thought the company wanted him to challenge Worlds Champion Nick Aldis. Flair hit the ropes and then did his strut and said that Corgan only wanted him to talk and not get back in the ring.
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Labels: Charlotte, NWA, Randy Orton, Ric Flair, Shawn Michaels, Stone Cold Steve Austin, The Undertaker, Triple H, Vince McMahon
August 28, 2021
Friday's WWE SmackDown Soars To Almost 3 Million Viewers On FOX
New WWE NXT Logo Revealed Ahead Of Major Revamp
The new logo and branding for WWE NXT has been revealed.
We reported recently that the yellow and black brand is set to undergo a major revamp, with reports of a new logo, stage, and format, it appears as if that change is almost ready to launch, with Wale revealing the updated NXT logo on his official Twitter page.
NXT is dropping the trademark yellow and black for a more bold and colorful design, with some likening it to AEW Dynamite's colorful graphics.
WWE is in the process of revamping the CWC (Performance Center) with the new look for the show expected to be revealed on September 7, 2021.
WWE is reportedly not looking to sign anymore indy talent going forward as they have done in the past for the NXT brand.
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Labels: Capitol Wrestling Center, Triple H, Wrestling News, WWE NXT, WWE Performance Center
August 27, 2021
AEW All Out To Air In Movie Theaters
AEW’s All Out pay-per-view will air in select theaters across North America next month.
AEW and Joe Hand Promotions announced today that the All Out pay-per-view on September 5 will air live in select theaters. Participating theaters include Cinemark, AMC, Harkins, Galaxy, Marcus, Emagine, Studio Movie Grill and Cinepolis Luxury Cinemas in the United States, and Landmark Cinemas in Canada.
AEW CEO, General Manager and Head of Creative Tony Khan commented on how AEW has found a lot of success airing previous pay-per-view events in theaters.
“We’ve had a lot of success bringing the camaraderie and excitement of our pay-per-events to the big screen, and we’re looking forward to delivering another memorable evening next Sunday,” Khan said. “Joe Hand Promotions has been a great partner in delivering top-notch experiences and connecting us with our fans at theatres across North America.”
The full list of participating theaters can be found on the Joe Hand promotions website.
“We’re excited to give wrestling fans the opportunity to experience ALL OUT in their local theatres through our partnership with AEW,” said Joe Hand, Jr., President of Joe Hand Promotions.
AEW All Out will air live from the NOW Arena in Hoffman Estates, Illinois on Sunday, September 5.
August 24, 2021
Happy Birthday Vaughn
August 22, 2021
Nick Khan Comments On Recent Releases
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Labels: Bruce Prichard, Kevin Dunn, Nick Khan, Stephanie McMahon, Triple H, Vince McMahon, WWE
WWE'S Nick Khan Promises Imminent NXT Revamp
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Nick Khan On WWE Sale Rumors, 'We’re Not Trying To Sell It'
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11:22 PM
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WWE Issues Announcement On SummerSlam Attendance
WWE Announces History-Making Return To Saudi Arabia
August 20, 2021
Triple H On If WWE Has Changed Their Philosophy On NXT
At the end of WWE’s open tryouts yesterday in Las Vegas, WWE’s own Triple H held a media call. Wrestling Inc.’s own Nick Hausman was invited and asked Triple H if WWE had changed their policy in recruiting following rumors of WWE overhauling NXT and their developmental system. According to Triple H, there isn’t a shift because things have never shifted to begin with.
“It’s a funny thing, people talk about the shifting if what it is. It never really shifted,” Triple H said. “So if you go back and look at the hiring process, not the hiring process of a television show, the hiring process of who we’re looking to train and make WWE Superstars. Long term. If you go back and look at it, it hasn’t shifted. It’s been the same process. I don’t negate anybody. From a standpoint of ‘I wrestled some independent stuff. ”Well all right, you’re out!’ That’s not a factor to me, but it’s also not the factor that makes me go ‘okay, you’re in.’ When they get in here today, if somebody goes in and hits the ropes perfectly every time, has every roll perfect, does all the stuff, (makes) it look easy because they’ve been training, that’s not really showing me anything. You should be able to, if you’ve been training, if you’ve been working indies you should be able to do all of that.
“To me, what is the potential long-term? What is that potential? And are they willing to do the work to live up to that potential. Vince used to always say ‘we’re a variety show. We are. In some manner, you need a little bit of everything. That’s the key to all of this. But people hear one statement and then make one (assumption). ‘Now it’s that. No, now it’s this.’ It always has been.”
Later Triple H was asked how many talents WWE signed at this tryout? While he didn’t have an exact number, he was able to give a pretty decent estimate.
“I didn’t count,” Triple H joked. “We had thirty eight talent here today, we had one drop out from yesterday to today. We had an injury and then we had another, not dropout, but we cut training short today. And I’d say somewhere, in the ballpark, of thirteen and sixteen I’d say. There’s a lot passion here in the last couple of days and a lot of drive. And clearly we’re looking for something different. You’ll hear Vince say it a lot. It’ll sound wrong to a lot of people, but it’s right. We’re not looking for professional wrestlers, we’re looking for superstars. We’re looking for somebody that can break through that. The rest of it takes care of itself.
“You’re looking for the diamond in the rough, you’re looking for the one in a million, you’re looking for those things. That’s the difficult part. The rest of it takes care of itself and it happens. And you go about that process. So to me, right now it’s about giving opportunities. And there was a lot of people here that have the tools to break through, that stood out when they walked through the room. You’re like ‘alright, who’s that?’ They had that some type of it factor, and then proved it to us here how much they wanted it. And I think, in this moment in time, to be able to go a little bit beyond and bring in these people give them that shot. Are they going to make it? No. It’s a long hard journey. But if everybody made it it wouldn’t be that special when you got there, right?”
Triple H also discussed the so called ‘it’ factor, and if there was any difference in identifying it between men and women. Triple H answered the question by focusing on the women aspect.
“People use that term it factor, x factor, charisma. It’s hard to put your finger on what it is,” Triple H said. “Sometimes I feel like, for women, there’s this emphasis on ‘oh man she looked like a million bucks when she walked in here.’ They’re dressed a certain way, make up is a certain way, hair’s a certain way, doing all those things. It’s important. At the end of the day though, it’s more personality to me. I don’t care, if somebody doesn’t have the money and they don’t wear make up? I mean present yourself well, but you don’t have to have high dollar hair extensions and a bunch of make up on and do all these other things in high dollar clothes to come in here and go ‘oh yeah, they’ve got it.’ To me it almost has nothing to do with it.
“It’s personality, it’s how they engage with you, it’s how they connect with you. Do they make you feel something when you them when they’re working? What’s that connection point that you have with these people? Do you feel something from them? Do they engage you in some manner? Some people you don’t see that when they’re here. Sometimes the red light goes on and they got it ‘boom.’ I’m sure you’ve heard people say ‘the camera loves them.’ Yeah they take great pictures. I’ve seen that a lot too. When you get to a tryout you’re like ‘this person looks great.’ Then they get there and you’re like ‘when do they get in?’ It’s not the same person. In person it doesn’t resonate. On camera it does. There’s factors that but it’s not an image thing. That’ll fade. I feel like that’s part of the process of the two day journey or the three day journey or the four day journey, depending on the tryout style that we’re doing.”
Triple H continued, emphasizing again how appearances can only take someone so far. Ultimately he concluded that there’s differences for every individual talent involved, regardless of whether they are male or female.
“Yes somebody walks in the room, those things might catch your eye for a minute,” Triple H said. “And then very quickly, that persons not really doing anything else, and this person is. And they don’t have any makeup on, they don’t have their hair done. So it’s never those other things. You can look past those. What’s really in here, that’s what it factor, charisma, all those things. Part of that is a passion and a connection to the person, and if you feel that, that person has charisma, that person has an it factor. It’s funny because I look at these tryouts sometimes totally differently. I find myself, catching myself, looking back at the same person in the first half of the first day.
“I find myself constantly looking back at that same person for some reason, or the same ten, fifteen whatever people. Like constantly find myself, catching myself interested in what they’re doing. And if I mentally see that, I put a check there. I check that person out ten times, I keep seeing that person do this. They might be terrible. But I keep going back to it. There’s a reason, they’re drawing my eye for whatever reason. I don’t have to figure that out, I don’t have to tell you what that reason is, I just have to know that it’s there. So I don’t know, I just look at it a little differently. But that’s a factor. Is it different for men and women? It’s different for every single person. It doesn’t matter, man, woman, it doesn’t matter. It’s different for everybody. You just got to open to it.”
credit: Wrestling Inc.
August 19, 2021
WWE Announces Multi-Year Merchandise Deal With MLB
Nick Khan On WWE Possibly Being Sold, Vince McMahon Stepping Down
WWE President & Chief Revenue Officer Nick Khan was on the latest episode of the Recode Media podcast with Peter Kafka. The two discussed WWE’s big media rights deals despite declining TV viewership across all of TV. Khan discussed that topic and explained why he doesn’t see advertisers moving away from TV anytime soon.
“I think you’ve seen it in primetime scripted television,” Khan stated. “When you and I were kids, and Archie Bunker did a 15 rating and made significant amount of money at that time for Norman Lear, and the studio and everybody behind it. Now you’re seeing shows in primetime that do a one in the demo, where significant dollars are paid for that.
“So 1/15 and again, the 15 million was the overall audience but even less than 1/15 of what the audience was 30 years ago, still commanding top dollar. I’m not sure that you’ve seen a mechanism come across for advertisers yet that is as effective as television, and put the streaming component in there on the ad supported tiers, it feels like it’s going to be around at a high level for a long time.”
On the Q2 earnings call, Vince McMahon created headlines when he said that he did not see AEW as competition. Khan spoke on WWE’s competition and talked about where his focus lies.
“We had an earnings call a couple of weeks ago, and I referenced the recent Reed Hastings line about sleep is our competition.” Khan noted. “That’s the challenge for us is how do you get people to tune into our product, instead of just sitting there in their bed and texting all night, or watching Tik Tok for free, or doing nothing, or listening to a podcast.
“It’s always tricky. In essence, I personally as, an agent, as an executive, I never look at anybody as competition. I just focus on what I’m doing, but in the totality of circumstance, you have to look at everything as your competition, without a specific focus on any one entity. So we hope the NFL continues to get great ratings. We hope the NBA continues to great ratings. What does it have to do with us? We just have to make sure our product is great.”
Kafka later asked Khan whether he would takeover McMahon as WWE CEO. Khan gave his opinion on the topic of McMahon stepping down from WWE.
“I don’t think Vince has any plans, nor in my opinion, should he have stepping aside,” Khan said. “He’s 75, will be 76 in a couple of weeks. He’s healthy. He’s strong so maybe he goes another 50 years and you’ll be asking me this question in 49 years.”
WWE have continued to make different types of business deals, most recently with The Ringer and Spotify. Khan discussed the topic of whether or not WWE will sell in the next year.
“We’re open for business on anything and everything, and even some of the business plans that we’ve announced recently, I think, are different or unique to what the company has traditionally done,” Khan pointed out. “So we’re open for business. If somebody calls, we’ll listen, but we’re not active. We’re not out in the marketplace trying to change that structure.”
August 17, 2021
WWE Settles Various Lawsuits With Shareholders
WWE has settled a lawsuit that alledged it wasted corporate assets and made false statements, among other charges, with its shareholders.
The company had been facing several lawsuits; other claims alledged that the company failed to disclose unfavorable facts related to its stock, mislead investors, and permittted senior executives to sell over $282 million worth of shares at inflated prices.
The filing is as follows:
On August 16, 2021, World Wrestling Entertainment, Inc. (the “Company”) reached an agreement in principle and signed a term sheet to settle the previously disclosed shareholder derivative actions titled (i) Merholz et al. v. McMahon et al., No. 3:20-cv-00557-VAB; (ii) Kooi v. McMahon et al., No. 3:20-cv-00743-VAB; (iii) Nordstrom v. McMahon et al., No. 3:20-cv-00904-VAB; (iv) Merholz/Jimenez v. McMahon et al., No. 3:21-cv-00789-VAB; (v) Rezendes v. McMahon et al., No. 3:21-cv-00793-VAB; and (vi) City of Pontiac Police and Fire Retirement System v. McMahon et al., No. 3:21-cv-00930-VAB, currently pending in the United States District Court for the District of Connecticut (collectively, the “Derivative Actions”), as well as related lawsuits filed in the Court of Chancery of the State of Delaware titled (i) Leavy v. World Wrestling Entertainment, Inc., No. 2020-0907-KSJM; (ii) Dastgir v. McMahon et al., No. 2021-0513-LWW; and (iii) Lowinger v. McMahon et al., No. 2021-0656-LWW (together with the Derivative Actions, the “Actions”).
Among other things, the plaintiffs in the Actions have alleged violations by certain current and former Company directors and officers related to disclosures concerning the Company’s business relationship in and with the Kingdom of Saudi Arabia and that certain of these defendants engaged in improper stock trading.
The proposed settlement would include, among other things, a full release of all defendants in connection with all allegations made in the Actions, and it would not contain any admission of liability or admission as to the validity or truth of any or all allegations or claims by the Company or any of the other defendants. The proposed settlement also would provide that the Company will implement and maintain certain corporate governance measures. As part of the settlement, the plaintiffs have indicated an intent to seek payment of their attorneys’ fees, reimbursement of expenses, and case contribution awards, which the proposed settlement provides would be paid by the Company’s insurance carriers. The proposed settlement remains subject to shareholder notice, court approval and other customary conditions. In the event that the parties are not able to cause all of these conditions to be satisfied, the Company and the other defendants intend to continue to vigorously defend against the claims asserted in the Actions.
Although the Company and the other defendants have denied, and continue to deny, all claims asserted by the plaintiffs in the Actions, the Company believes that resolving the Actions in accordance with the terms of the proposed settlement is the proper business decision and that it is prudent to end the protracted and uncertain derivative litigation process on the terms of the proposed settlement.




