Carl Goodman is making his exit from Museum of the Moving Image — the New York cultural institution where he’s spent 34 years, most recently as Executive Director.
06.01.2023 - 01:49 / deadline.com
Vince McMahon said today he’s taking steps to return to Word Wrestling Entertainment as executive chairman to be in position as the company sets a new round of rights deals that he thinks should be in tandem with discussions of strategic alternatives. That would include a sale of the company.
The majority owner of WWE stepped down as CEO and chairman last year amid a scandal over payouts to women. But he said today that his new role “will enable unified decision making through the company’s upcoming media rights negotiations and a parallel full review of the company’s strategic alternatives, which Mr. McMahon believes is the right course of action and in the best interests of WWE and WWE shareholders amidst the current dynamics in the media and entertainment industry.”
WWE reps couldn’t immediately be reached for comment.
The company, with a suite of highly popular programming up for renewal soon, is now run by co-CEOs Stephanie McMahon (Vince’s daughter) and former top CAA sports agent Nick Khan, with former wrestler Triple H (Paul Michael Levesque) as chief content officer. Weekly shows Monday Night Raw and NXT that air on NBCUniversal’s USA Network, and Friday Night SmackDown on Fox, have five-year deals ending in 2024. Peacock retains streaming rights through 2026. The idea is that instead of spending $600-$700 million on WWE rights, a partner might be more interested in buying the company outright.
Peacock parent Comcast has been most rumored as a potential buyer. A possible sale buoyed WWE shares in 2022, making it the top gainer (out of only three) in an infamous year for media stocks.
See McMahon’s full statement here:
Vince McMahon, the founder and controlling shareholder of World Wrestling Entertainment
Carl Goodman is making his exit from Museum of the Moving Image — the New York cultural institution where he’s spent 34 years, most recently as Executive Director.
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