TKO GROUP Holdings oversees media and sports operations, including live events, media rights, sponsorships and licensing agreements.
In January 2024, the company welcomed Dwayne “The Rock” Johnson to its board of directors. Here’s everything you need to know.
What is a technical knockout?
TKO Group Holdings, commonly referred to as TKO, is a company formed by the merger of WWE and UFC.
It began trading on the New York Stock Exchange on Tuesday, September 13, 2023.
Vince McMahon is the executive chairman of TKO and Ari Emanuel is the CEO.
And Mark Shapiro is the president and chief operating officer of TKO.
He said in an interview with CNBC: “Ari Emanuel runs the company.
“Vince will play a role. He has experience and influence.
“But he understands that the role of CEO belongs to Ari.
“This is not a shared position.”
Who owns TKO?
TKO is 51% owned by Endeavor Group Holdings, which has assets including the UFC and Hollywood talent agency WME.
And 49% belongs to WWE shareholders.
What is Dwayne “The Rock” Johnson’s involvement in TKO?
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Dwayne “The Rock” Johnson has joined TKO’s board of directors.
Ariel Emanuel, CEO of TKO told variety: “I am thrilled to partner with Dwayne and welcome his immense talent to the TKO Board.
“Dwayne brings an incredible track record of creating content and building globally recognized consumer brands and will play a key role in realizing our TKO ambitions.”
We are proud to have him join the TKO board to help take our company to new heights.
Vince McMahon, Executive Chairman of the TKO Board
WWE also announced that it has entered into a merchandising and services agreement with Johnson, under which he will provide promotional, licensing and other services to the company.
Additionally, as part of an intellectual assignment agreement, Johnson will acquire ownership of “The Rock” trademark.
He will receive just over £23.4 million ($30 million) in shares in the company.
The Rock said of his new seat: “My grandfather, High Chief Peter Maivia, and my father, Rocky ‘Soulman’ Johnson, never would have thought this day would come.
“That’s why I feel so honored to have a seat at the table that has decades of history and family legacy for me.
“A table that my family helped build.
“Being on the TKO Board of Directors and taking full ownership of my name, ‘The Rock,’ is not only unprecedented, but incredibly inspiring as my crazy life comes full circle.
“At my core, I’m a builder who builds and serves people, and Ari is building something that truly changes the game.
“‘I’m very motivated to help continue to grow our TKO, WWE and UFC businesses globally as world leaders in sports and entertainment – while proudly representing so many phenomenal athletes and entertainers who show up every day working hard with their own hands to accomplish their dreams and deliver to our audience.
“I was there, I’m still there and this is for them.”
Vince McMahon, Executive Chairman of the Board of TKO, said: “Very few people on the planet understand the convergence of sports, entertainment, media and business like Rock.
“We are proud to have him join the TKO board to help take our company to new heights.”
This story originally appeared on The-sun.com read the full story
