By: Ehtesham
Dwayne "The Rock" Johnson, renowned WWE wrestler turned Hollywood icon, adds another feather to his cap. The board welcomes him, acknowledging his revenue prowess.
In a groundbreaking move, TKO Group Holdings awards Johnson $30 million in stock, showcasing confidence in his ability to elevate the brand. The stock will vest over 2024 and 2025.
As part of the deal, The Rock seizes complete ownership of his iconic stage name. A strategic move that amplifies his brand and aligns with his multifaceted business ventures.
Johnson, in a press release, expresses eagerness to contribute to the global expansion of TKO, WWE, and UFC. His extensive experience and motivation promise to elevate the entities to new heights.
With the addition of Groupon co-founder Brad Keywell, TKO's board strengthens to 13 members. Vince McMahon lauds The Rock, citing his unparalleled understanding of sports and business.
Netflix steps into the ring, announcing exclusive rights to "WWE Raw" from January 2025. A transformative deal marrying WWE's allure with Netflix's global reach.
Netflix's strategic move aligns with its quest for more live events. The deal underscores the streaming giant's commitment to delivering top-notch content.