Kevin Spacey has been ordered to pay the “House of Cards” production company, MRC, $31 million after it was determined he breached his contract and was fired for alleged sexual misconduct.
23.07.2022 - 00:03 / thewrap.com
Thank you, WWE Universe. Then. Now.
Forever. Together.
#WWE #thankfulHis retirement comes after he stepped down in June over a handful of sexual misconduct allegations. He also paid upwards of $12 million to four women over the last 16 years in an effort to keep allegations from going public, the Wall Street Journal reported earlier this month.All four women were formerly associated with the WWE and signed nondisclosure agreements to prevent them from discussing their relationships with McMahon, according to the WSJ report. “Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you,” McMahon said in his full statement.
“I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. “Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment.
I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.”Earlier this summer, the WWE board began investigating McMahon after it came to light that he paid $3 million in hush money to keep an affair with a former employee quiet. His daughter Stephanie McMahon assumed the duties of interim CEO and board chairman.Brandon Katz contributed to this report.
.Kevin Spacey has been ordered to pay the “House of Cards” production company, MRC, $31 million after it was determined he breached his contract and was fired for alleged sexual misconduct.
Kevin Spacey was ordered by a judge Thursday to pay $31 million to the producers of "House of Cards" after he was fired in 2018 following alleged sexual misconduct behind the scenes of the political drama. The 63-year-old disgraced actor, who starred on the Netflix show from 2013-17, was accused of preying on multiple young men, including a production assistant, which prompted an investigation by the MRC production company and ultimate termination of Spacey from his role in addition to any producing contracts.
Kevin Spacey has been ordered to pay the production company, MRC, $31 million after it was determined he breached his contract and was fired for alleged sexual misconduct.According to court documents obtained by ET on Thursday, Judge Mel Red Recana confirmed the arbitration award, which was determined last November following an arbitration hearing between MRC and Spacey's attorneys.An arbitrator ruled that the 63-year-old actor breached his contract with theproduction company when he was fired from in 2017 amid allegations of sexual harassment and misconduct.The ruling, first reported by , awarded $29.5 million in damages and $1.4 million in attorneys fees and costs to MRC.In 2017, multiple people came forward against Spacey to allege a pattern of sexually predatory conduct, and he's denied the allegations.
Ethan Shanfeld A judge has ordered Kevin Spacey to pay “House of Cards” production company MRC nearly $31 million for alleged sexual misconduct behind the scenes of the Netflix White House drama.Spacey, who played Frank Underwood, was kicked off the series during its sixth season after facing allegations that he had sexually assaulted and preyed upon young men, including a “House of Cards” production assistant who said Spacey groped him, prompting MRC’s investigation.Los Angeles Superior Court Judge Mel Red Recana confirmed an award previously handed down by an arbitrator in October 2020, which consisted of around $29.5 million in damages and $1.5 million in costs and fees.MRC had argued that Spacey owed them millions in lost profits because his misconduct forced them to remove him from the sixth season of the show, and it had to trim the season from 13 episodes to eight. Ruling in the producer’s favor, the arbitrator found that Spacey’s behavior constituted a material breach of his agreements as an actor and executive producing agreements.
Joe Otterson TV Reporter“Monday Night Raw” saw its linear ratings rise this week as the post-Vince McMahon era of WWE begins.Monday’s show on USA Network drew an average audience of 2.3 million viewers and a 0.6 rating in the key adults 18-49 demographic, according to Nielsen figures. That represents a two-year viewership high for “Raw” and an improvement of 21% in viewership and 20% in the key demo versus last week (1.9 million, 0.5 rating).Paul “Triple H” Levesque is now in charge of WWE’s creative efforts in addition to his role as executive vice president of talent relations.
Todd Spangler NY Digital EditorWWE has hired Craig Stimmel, most recently head of global brands at Snap, to head sales and partnerships at the wrestling entertainment company.He replaces Claudine Lilien, who exited WWE earlier this summer after serving a little over a year as SVP, head of global sales and partnerships.Stimmel will report to WWE chairwoman and co-CEO Stephanie McMahon and WWE co-CEO Nick Khan.His hiring comes after former CEO and chairman Vince McMahon on July 22 announced he was retiring amid ongoing investigations into allegations that he paid millions of dollars to multiple women to keep quiet about alleged affairs and misconduct. (WWE said it will revise financial statements going back to 2019 to account for $14.6 million of “certain payments” that Vince McMahon made during his tenure as chairman and CEO.) WWE appointed his daughter Stephanie and Khan to take over as co-CEOs.
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Vince McMahon’s retirement announcement last week, the WWE will revise financial statements dating back to 2019. According to the organization, almost $15 million of payments made by McMahon should’ve been recorded as expenses.In an SEC filing this week, the company noted that it it “has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made.”According to the WWE, the aggregate amount of the payments during this period totals $14.6 million, and all payments were or will be paid by McMahon personally.
2K has delisted four different WWE games and all their downloadable content (DLC) from Steam.It looks like WWE 2K17, 18, 19 and 20 have all been removed from Steam with no current explanation as to why, alongside all the major DLC for these games as well. Players can still access these games within their library, but they are no longer available to be bought directly from Steam itself (via PC Gamer).Steam Tracker indicates that these delistings took place on July 13, with a Reddit user spotting the removals yesterday (July 24).
Word Wrestling Entertainment said Monday that $14.6 million of payments by former CEO Vince McMahon from 2006 to 2022 weren’t recorded in the company’s accounts but should have been, and as a result the company will revise some of its previously issued financial statements.
Todd Spangler NY Digital EditorWWE will revise financial statements going back to 2019, saying that a total of $14.6 million of “certain payments” that Vince McMahon made while chairman and CEO should have been recorded as expenses.McMahon on Friday announced that he was retiring from WWE. That came fives weeks after he said he would be stepping down from his roles as chairman and CEO of WWE amid an ongoing investigation into allegations that he paid out millions of dollars to multiple women to keep quiet about alleged affairs and misconduct.On Monday, WWE said it “has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made.” Those payments were — or will be — paid by McMahon personally.
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