WWE in talks with state gambling regulators to legalize betting on scripted match results

WWE is in talks with state gambling regulators in Colorado and Michigan to legalize betting on high-profile matches, according to people familiar with the matter.

WWE is working with the accounting firm EY to secure scripted match results in hopes it will convince regulators there’s no chance of results leaking to the public, said the people, who asked not to be named because the discussions are private. Accounting firms PwC and EY, also known as Ernst & Young, have historically worked with award shows, including the Academy Awards and the Emmys, to keep results a secret.

Betting on the Academy Awards is already legal and available through some sports betting applications, including market leaders FanDuel and DraftKings, although most states don’t allow it. WWE executives have cited Oscars betting as a template to convince regulators gambling on scripted matches is safe, the people said.

Still, while Academy Awards voting results are known by a select few before they’re announced publicly, they aren’t scripted by writers. Even if regulators allow gambling, betting companies would have to decide if they’re willing to place odds on WWE matches even if it’s legalized. Those discussions have yet to occur at betting firms, according to people familiar with the matter.

A WWE spokesperson declined to comment. A spokesperson for EY couldn’t immediately be reached for comment.

source:  cnbc.com

Wells Fargo Analysis Says Fox Unlikely To Renew WWE SmackDown At Increased Rights Fee

WWE's domestic television rights are up for negotiation and renewal this year for broadcasts effective September 2024. This is at least the stated reason for why Vince McMahon returned to the company's board of directors, to steer an attempt to sell the company. In particular, given the expense of sports media rights, the idea was that one distribution partner might entertain buying the company outright. Last month, though, that idea was complicated by the report that Comcast — one of the most theoretically likely buyers, with its approximately $465 million/year commitment for "WWE Raw" on USA Network and WWE Network on Peacock – was not interested in buying the wrestling company. 

On Tuesday, a new wrinkle surfaced that throws another wrench into what's going on: If Fox were to renew "WWE SmackDown," it would not be at an increased rate over its current $205 million/year.

Forbes SportsMoney editor Mike Ozanian tweeted a screenshot from a presentation generated by Wells Fargo Securities analysts about WWE's domestic media rights prospects. The main takeaway was that they don't think Fox is willing to do a new deal at a higher price. He adds that it's "possible" that this could lead to the price of "SmackDown" being partially underwritten by a streaming partner in the new contract or the show outright leaving its current spot on Fox.

In May 2018, The Hollywood Reporter, in detailing the WWE/Fox negotiations, noted that Fox Corporation chairman Rupert Murdoch played heavily on the McMahon family's insecurities during their talks, including that Comcast/NBC Universal was "embarrassed by your product." His son, CEO Lachlan Murdoch, laid it on thicker, reportedly adding that, in reporter Marisa Guthrie's words, that the deal "would herald the marriage of the Murdochs and the McMahons, rebel outsiders who had built media empires."

MLW’s Amended Lawsuit Against WWE, Details On Alleged Talent Tampering

PWInsider has more details from MLW’s amended lawsuit against WWE. As noted, MLW has filed a 44-page amended lawsuit against WWE which adds more detail and arguments regarding WWE’s alleged violation of the Sherman Act regarding anti-trust practices and more.

The amended lawsuit focuses its anti-trust arguments on how companies monetize their content and how WWE ices out other companies in their practices. The suit argues that pro wrestling companies need to strike media rights deals to be successful and that WWE has taken actions that make that almost impossible, which has hurt MLW and other possible competitors. It maintains its previous claims that WWE’s involvement caused the FOX-owned Tubi to cancel their contract with MLW the night before a deal was set to be announced between them, as well as the allegation that Vice backed away from a deal with MLW after a WWE executive told Vice that Vince McMahon was unhappy they were working together. The suit argues that with A&E owning a minority share in Vice, their connection to WWE through the WWE programming block on Sundays hurt MLW’s tanding with the network. While all the financial information from the Tubi deal and their current deal with Reelz are redacted, it is noted that:

“In sum, WWE’s predatory and unfair anti-competitive conduct in the Relevant Market is multi-faceted, with the intent and effect of expanding and maintaining its market power. This conduct includes, but is not limited to: (1) substantially foreclosing the Relevant Market through maintaining exclusivity agreements with major media companies and interfering with competitors’ media rights deals; (2) substantially increasing barriers to entry in the Relevant Market by raising rivals’ costs and restricting their access to the critical and scarce inputs required for professional wrestling programming, namely athletic performers with the requisite physical skills, acting talent, and marketability to be professional wrestlers, including by hiring away rivals’ wrestlers and not using them and by threatening to never hire talent that previously signed with rivals (“blacklisting”); and (3) blocking and foreclosing the access of rivals to professional wrestling venues, which are necessary for the production of professional wrestling programming. The combined effect of the conduct is that WWE has maintained its dominant market power.

Through its predatory and exclusionary conduct and abuse of its market power, WWE has substantially harmed competition in the Relevant Market by depriving MLW and other competitors of access to key media distribution platforms. Its conduct has harmed purchasers of media rights for professional wrestling programming by depriving them of programs and enabled WWE to impose and maintain supracompetitive prices, and in turn has harmed wrestling fans by reducing their choices and quality of professional wrestling programming and increasing their costs of consuming that content.

As a result of WWE’s anti-competitive and predatory conduct, MLW and other professional wrestling promotions have suffered and will continue to suffer substantial monetary damages and irreparable harm.”

The lawsuit also goes into specific details regarding WWE’s alleged tampering with talent contracts, claiming that former talent relations head Canyon Ceyman encouraged Swerve Strickland to get out of his deal with MLW so he could sign with WWE. It also alleges that WWE hired Davey Boy Smith Jr. away from MLW but then never used him outside of a dark match, which they argue makes it clear that WWE was intending to impair their ability to build themselves up. PWInsider notes that Smith is not identified as a former WWE star and a WWE legacy talent, and that WWE could argue that they knew of Smith long before he worked for MLW.

The suit also points out that AEW has reached out to WWE demanding that they not tamper with talent contracts, which appears to be referencing the AEW talent meeting where Tony Khan revealed that AEW legal head Megha Parekh emailed Stephanie McMahon and Nick Khan telling them to stop contacting AEW-contracted talent.

The lawsuit also details some of the history of wrestling in the early 200s when WCW and ECW fell and were acquired by WWE, pointing out that WWE moving to TNN in 2000 directly contributed to ECW’s death and WWE acquiring the company’s assets in bankruptcy court.

The lawsuit also makes additional allegations of WWE blocking venue bookings beyond the previously-noted claim that Triple H contacted Madison Square Garden to get the ROH/NJPW G1 Supercard blocked in 2019. The suit claims that WWE prevented AEW Dynamite tapings from taking place at Heritage Bank Center in Cincinnati, Ohio in 2019 and 2020. It also argues that WWE has run events opposite AEW PPVs to attempt to prevent those shows from being profitable.

Sonya Deville Arrested For Carrying A Firearm Without Proper Permit

Sean Ross Sapp of Fightful shared the news that Daria Berenato, also known as WWE star Sonya Deville, was arrested in New Jersey for carrying a firearm without having a proper permit. The firearm was in her vehicle, and while Deville has a permit in Florida, it was not valid in New Jersey.

Sapp cited sources who noted that Deville was celebrating with her fiancee, following their recent engagement, and a valet found the gun in the glove box of the vehicle. Police arrived on the scene on February 19 and subsequently arrested Deville.

Per court records, she is due in court in March, as she has been charged with one count of unlawful weapon possession – handgun without a permit. She is reportedly trying to have the case thrown out. TMZ reported that Deville started carrying the weapon for protection after she dealt with a stalker who later tried to invade her home.

Additionally, Sapp cited WWE sources who indicated that there is no heat on Deville, as they understood why she would want to protect herself following the aforementioned situation.

Deville was the victim of an attempted kidnapping in August 2020, as a man was arrested after he broke into her home. The perpetrator pled not guilty after he was subsequently charged with armed burglary of a dwelling, attempted armed kidnapping, aggravated stalking, and criminal mischief for breaking into her home. He was later deemed incompetent to stand trial and sent to an institution.

SHIMMER Original Cheerleader Melissa To Be Inducted Into Indie Wrestling Hall Of Fame

Last year marked the inaugural class of the Indie Wrestling Hall of Fame. GCW found relative success with the concept and has begun assembling the Class of 2023 for this year's induction over WrestleMania weekend. Previously, Christopher Daniels was announced as being up for the prestigious honor, and it looks like he'll be joined by some solid company.  Yesterday, GCW announced the Cheerleader Melissa, one of the pioneers of modern-day women's wrestling in the United States, would be a part of this year's class.  

Trained by Daniels, Bryan Danielson, and Robert Thompson, Cheerleader Melissa broke into the Southern California wrestling scene in 2001. However, it wouldn't be until late 2006 that she really began gaining notoriety. That's when she began working for the all-women's promotion SHIMMER, run by both Prazak and Allison Danger. For the next 13 years, Melissa would serve as one of the promotion's most significant stars, winning the SHIMMER Championship twice and the SHIMMER Tag Team Championships once with Mercedes Martinez.

Her success in SHIMMER led to her signing with TNA in 2008, where she portrayed both Raisha Saeed, a Syrian wrestler who wore a niqāb to disguise her appearance, and Alissa Flash. She requested her release from the promotion in 2010 and continued to wrestle independently before joining Lucha Underground in 2015 as the sister to Marty "The Moth" Martinez, Mariposa. She would remain with LU till its final season concluded in 2018.

Though she hasn't officially retired, Melissa hasn't wrestled since November 2019. Fittingly, her last match to date was in SHIMMER, where she wrestled Shazza McKenzie, Elayna Black, Kris Statlander, Nevaeh, and Skylar in a Scramble match

WWE Breaks All-Time Gate & Viewership Records at Elimination Chamber

WWE today announced that the 2023 Elimination Chamber, which emanated from the Bell Centre in Montreal, became WWE’s highest-grossing and most-viewed Elimination Chamber in company history.

Viewership of the 2023 Elimination Chamber saw a 54 percent increase versus the previous record set in 2022. It also marked the largest gate ever for any WWE event held in Montreal and the largest gate in the history of Elimination Chamber.

In addition, 2023 Elimination Chamber broke the all-time event merchandise record and generated the highest-grossing Priority Pass fan experience packages for any non-”Big Five” premium live event through WWE’s partnership with On Location. Elimination Chamber sponsorship revenue was up nearly 300 percent versus 2022.

On social, content featuring WWE Superstars Roman Reigns and Sami Zayn generated nearly 20 million views across WWE’s social platforms. 

Eric Bischoff Says Triple H Taking Over WWE Creative Has Paid 'Huge Dividends'

While on "83 Weeks," WWE Hall of Famer Eric Bischoff weighed in on Triple H taking over as Chief Content Officer, and what he heard in Triple H's voice at the post-Elimination Chamber press conference. "If anything came through in that press conference from Triple H, at least, one word to define it and that would be passion," Bischoff said. "If anybody's got any doubt about how and why WWE has turned things around so quickly over the last six or nine months, creatively speaking, I would say Paul Levesque and team ... are probably now being able to do what they're capable of doing without the kind of duress of tearing up scripts the day of the show and, you know, panicking over grammar and rough drafts and things like that. It's like, all of their focus is on the story itself and the quality of that story and it just paid huge dividends."

Triple H Comments On Potential Sale Of WWE

Triple H says he’s focused on doing his job to the best of his ability.

During his Elimination Chamber post-show press conference, Triple H was asked by Brandon Thurston of Wrestlenomics if he was in favor of a WWE sale prior to Vince McMahon’s return, or if he was still in favor. Triple H said that there are plenty of variables to consider, but he is OK with whatever situation allows him to keep doing his job.

“Depends on who’s buying, I suppose, what the offer is, what the outcome is. I stay out of it. That’s not a cop-out answer. I have the greatest gig in the world. I helped, in some small way, create the magic we did here tonight. And to me, it’s the best gig on the planet,” he said.

“As long as we get to do this, as long as we get to create it the way we get to create it, as long as we get to do our jobs and we get to go out there and put our passion on display,” Triple H explained, “as long as our talent is allowed to put their passion on display and do what we do, I’m good. I’m good. It is what it is.”

McMahon seeking up to $9B for World Wrestling Entertainment

World Wrestling Entertainment has already fielded offers for a sale - and Executive Chairman Vince McMahon is reportedly pushing to get up to $9B for it.

That would mark up to a 37% premium to current market value of $6.5B - and a high multiple for an entertainment name.

The list of potential buyers includes Endeavor Group Holdings (EDR), already the owner of Ultimate Fighting Championship, Bloomberg reported, though Endeavor (valued at $10.4B) would need help from a third party.

WWE stock (WWE) jumped 2.5% following the report.

The shortlist also includes investors from the Middle East, though after that region has increased its investments in sports including golf and soccer. Saudi Arabia in particular has funded the LIV Golf circuit and has expressed interest in buying Formula One (FWONA).

Bigger strategic buyers, like Netflix (NFLX) or Walt Disney (DIS), might be uneasy taking on McMahon as a partner in a business that is sometimes messy and personal, Bloomberg noted.

source: seeking alpha

MLW's Antitrust Lawsuit Against WWE Dismissed By Judge For Now

Major League Wrestling suffered a major setback in its antitrust lawsuit against WWE on Tuesday, albeit with a small amount of room left for some hope. That's because United States District Court Judge Edward J. Davila dismissed the suit while also giving MLW 21 days to submit an amended complaint in the process. (News of the dismissal was first reported by Brandon Thurston of Wrestlenomics.) It is in that amended complaint that MLW can attempt to address the deficiencies that WWE cited.

The heart of the suit was the claim that WWE interfered in MLW's dealings with both VICE TV (which is partially owned by A&E) and Tubi (owned by Fox), costing MLW vital rights fees and television exposure. WWE argued that MLW's claims of antitrust violations were not sufficient violations of the Sherman Act, the relevant piece of federal law, asserting that MLW did not plausibly claim "(1) a relevant market; (2) monopoly power; or (3) antitrust injury." Citing a ruling in the ongoing UFC fighter antitrust lawsuit, Judge Davila noted that MLW had not provided an adequate explanation of the specifics of the market for pro wrestling and other sports entertainment content. This is the kind of thing that could be remedied in an amended complaint, though, which is why MLW has three weeks to put one together. Because of the dismissal, Davila denied WWE's two pending motions regarding the discovery (deposition, document production, etc.) process, which pertained to setting a discovery schedule and barring discovery until the motion to dismiss was decided.

MLW debuted on REELZ last week. Its premiere episode averaged 79,000 viewers overall in the Nielsen ratings, with a 0.03 rating in the key demographic for adults aged 18 to 49. Among cable originals, it placed 132nd for the day in the key demo.

WWE Board Members George Barrios And Michelle Wilson Announce New Venture

Following their departure from WWE in 2020, wrestling fans probably thought they had heard the last of George Barrios and Michelle Wilson. Now it seems they can't stop hearing about them. Barrios and Wilson made their sudden return to WWE's Board of Directors in January, following VInce McMahon's re-ascension to Chairman, and now they're making more moves, this time with NBA great Carmelo Anthony. In a press release on Friday, Barrios, Wilson, and Anthony launched Isos7 Sports Investment, a new venture looking to "provide growth capital, targeting $50 million to $100 million per investment, to a diversified portfolio of sports leagues, teams, emerging properties, and ancillary businesses in North America, Europe, and pan-Asia." It was also noted that the venture is looking to have access to over $750 million in capital.

"We believe sports assets will continue to benefit from global macro tailwinds and secular industry trends driving significant, predictable, and stable growth," Barrios and Wilson explained. "We are thrilled to partner with Carmelo, a trailblazer for athletes in investing, business development, and philanthropy. We have a shared vision for how a new wave of diverse investors will identify global growth opportunities and impact the marketplace."

In addition to Barrios, Wilson, and Anthony, the venture will also see Brian Flinn serve as a partner for Isos7, with Flinn overseeing investment and operation teams. Flinn is connected to both Anthony and Barrios/Wilson; he previously worked with Anthony's former team, the New York Knicks, served as the former SVP & Global Head of Marketing for the NBA, and was also Chief Marketing Officer at WWE. As of this writing, it's unclear what effect, if any, this new venture will have on Barrios or Wilson's duties as part of WWE's Board.

Booker T's Wrestling Promotion Announces WWE NXT Partnership

WWE Hall of Famer Booker T's wrestling promotion, Reality of Wrestling (ROW) announced on Saturday evening that it's going to be working with "WWE NXT." Their working relationship will start next Saturday, February 11 in Texas City, Texas with WWE "NXT" star and Diamond Mine member Ivy Nile set to be in action.

The "NXT" color commentator started his training school/promotion in 2005. He commented about Saturday's news on social media, noting how excited he was to merge his "NXT" favorites with the roster of his students. 

"Excited to merge my @WWENXT favorites with the roster of my students at @TheOfficialROW! Don't miss a HUGE show next Saturday! Can't wait to see @ivynile_wwe in the World Gym Arena," tweeted Booker T. 

Nile also reacted to her upcoming match, tweeting, "Let's goooooo. See you guys next Saturday!!"

One of ROW's most notable members is current "NXT" Women's Champion Roxanne Perez. Perez was just a teenager when she joined the promotion and during her time there, she held the ROW Diamonds Division Championship. After ROW and before WWE, she went to Ring of Honor and became the inaugural ROH Women's World Champion.