TKO GROUP Holdings oversees media and sports activities operations together with dwell occasions, media rights, sponsorships, and licensing offers.
In January 2024, the corporate welcomed Dwayne “The Rock” Johnson onto their board of administrators. Right here is every part it is advisable know.
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What’s TKO?
TKO Group Holdings, generally known as TKO, is a enterprise fashioned by the merger of WWE and UFC.
It began buying and selling on the New York Inventory Change on Tuesday, September 13, 2023.
Vince McMahon is the chief chairman of TKO and Ari Emanuel is the CEO.
And Mark Shapiro is TKO’s president and chief working officer.
He mentioned in an interview with CNBC: “Ari Emanuel is operating the corporate.
“Vince will play a task. He’s obtained expertise and affect.
“However he understands the position of CEO is Ari’s.
“This isn’t a shared place.”
Who owns TKO?
TKO is 51% owned by Endeavor Group Holdings, which owns property together with UFC and Hollywood expertise company WME.
And 49% are owned by WWE shareholders.
What’s Dwayne “The Rock” Johnson’s involvement in TKO?
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Dwayne “The Rock” Johnson has joined the board of administrators of TKO.
Ariel Emanuel, CEO of TKO advised Selection: “I’m thrilled to accomplice with Dwayne and welcome his immense expertise to TKO’s Board.
“Dwayne brings an unimaginable monitor report of making content material and constructing globally acknowledged client manufacturers, and he’ll play a key position in realizing our ambitions for TKO.”
We’re proud to have him be part of the TKO board to assist take our firm to new heights.
Vince McMahon, government chairman of the TKO board
WWE additionally introduced that it has entered right into a providers and merchandising settlement with Johnson, beneath which he’ll present promotional, licensing, and different providers to the corporate.
Moreover, as a part of an mental task settlement, Johnson will purchase possession of the trademarked identify “The Rock.”
He’ll obtain simply over £23.4 million ($30 million) in firm inventory.
The Rock mentioned about his new seat: “My grandfather, Excessive Chief Peter Maivia, and my dad, Rocky ‘Soulman’ Johnson, would’ve by no means thought at the present time would come.
“Which is why I’m very humbled to have a seat on the desk that has a long time of historical past and household legacy for me.
“A desk that my household helped to construct.
“Being on the TKO Board of Administrators, and taking full possession of my identify, ‘The Rock’, isn’t solely unprecedented, however extremely inspiring as my loopy life is coming full circle.
“At my core, I’m a builder who builds for and serves the folks, and Ari is constructing one thing really sport altering.
“’I am very motivated to assist proceed to globally develop our TKO, WWE, and UFC companies because the worldwide leaders in sports activities and leisure — whereas proudly representing so many phenomenal athletes and performers who present up daily placing within the laborious work with their very own two arms to make their desires come true and ship for our audiences.
“I’ve been there, I’m nonetheless there and that is for them.”
Vince McMahon, government chairman of the TKO board, mentioned, “Only a few folks on the planet perceive the convergence of sports activities, leisure, media, and business-like the Rock.
“We’re proud to have him be part of the TKO board to assist take our firm to new heights.”
