11 months ago
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WWE decided to send shockwaves across the world of professional wrestling today as they announced two major decisions that will shape the company for the next several years. WWE will be holding a mandatory meeting following their major announcements.
As previously reported, WWE revealed that TKO appointed Dwayne Johnson to its Board of Directors, alongside the addition of Brad Keywell. These appointments will expand TKO’s board from 11 to 13 members. Additionally, WWE and Dwayne Johnson entered into a services and merchandising agreement, granting Johnson ownership of the trademarked name “The Rock.”
Following these developments, WWE and Netflix confirmed groundbreaking deal to shift Monday Night RAW to the streaming service starting in January 2025. The reported deal is valued at over $5 billion for a duration of ten years.
Despite the move to Netflix, RAW will continue its weekly three-hour format on Mondays. This marks a significant shift in how WWE content is distributed, aligning with the changing landscape of streaming services.
In an updated, PWInsider reports that WWE has scheduled an all-hands-on-deck employee meeting for today at 4 PM. Employees were notified of this meeting yesterday. The nature and purpose of the meeting are not specified in the provided information.
”There will be an all hands on deck WWE employee meeting today at 4 PM, PWInsider.com has confirmed. Employees were informed yesterday.”
The meeting will likely be about the aforementioned major announcements. It is evident that WWE is not pulling any punches and will make 2024 a more lucrative year than 2023, so we’ll have to see whether WWE will succeed in that endeavor.
What do you think of this story concerning WWE? Were you shocked by these two announcements as well? Let us know in the comments section below!
