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CNN —A former WWE staffer has accused the company’s founder, Vince McMahon, of sexual assault, trafficking and physical abuse in a lawsuit filed Thursday. In a statement, WWE’s parent company, TKO Group Holdings, said McMahon does not control TKO or oversee day-to-day operations at WWE. Led by McMahon, WWE and UFC, a mixed-martial arts entertainment competitor, announced in April 2023 that they would combine to form TKO. Lawsuit details disturbing allegationsAccording to the lawsuit, Grant was introduced to McMahon in 2019 when she was looking for work. The lawsuit also detailed an alleged sexual assault among Grant, McMahon and Laurinaitis that occurred at WWE’s headquarters in 2021.
Persons: CNN —, Vince McMahon, Janel Grant, McMahon, Grant, , John Laurinaitis, , WME, Ann Callis, , ” Callis, Mr, ” McMahon, Ari, Dwayne “, ” Johnson, Johnson Organizations: CNN, WWE, UFC, ” WWE, Endeavor, Netflix Locations: Connecticut, McMahon’s, Laurinaitis, Hollywood
CNN —Democrats should not make the mistake of underestimating former President Donald Trump. Moreover, they note, Haley was able to win independent voters who theoretically would be more amenable to President Joe Biden than Trump in the fall. Moreover, the number of Republicans who keep saying they won’t vote for Trump under any circumstances, gives Democrats hope that on Election Day, many voters in the GOP won’t turn out. But these arguments downplay the threat Trump will pose to Biden in November by ignoring several fundamentals. Trump is succeeding even though the United States has never had a major presidential candidate saddled with so much legal baggage.
Persons: Julian Zelizer, Donald Trump, Hillary Clinton, , Nikki Haley —, Trump, Haley, Joe Biden, Biden, That’s, — Trump, pollsters, Karl Marx, Lyndon Johnson, Arizona Sen, Barry Goldwater, Simon Rosenberg, Ezra Klein Organizations: CNN, Princeton University, The New York Times, America, Democratic, Trump, GOP, Republican, WWE, Republican Party, Biden, Arizona, New York Times Locations: New Hampshire, United States
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. WWE boss Vince McMahon was accused Thursday of sexual assault, trafficking, and physical and emotional abuse in a lawsuit by a woman who previously worked for the pro wrestling giant. The suit says McMahon only paid her $1 million, "but failed to make any further payments." In addition to McMahon, the suit names WWE and John Laurinaitis, the former head of talent relations and general manager, as defendants. McMahon's lawyer, and spokespeople for the WWE and TKO did not immediately respond to requests for comment.
Persons: Vince McMahon, Janel Grant, McMahon, Grant, John Laurinaitis Organizations: MetLife, WWE, Connecticut federal, UFC, TKO, Holdings Locations: East Rutherford , New Jersey, Connecticut
This story is available exclusively to Business Insider subscribers. AdvertisementThe move leaves some users facing a de-facto price increase as Netflix's next cheapest ad-free plan costs $15.49 a month. The company reported a record fourth quarter, adding 13.1 million subscribers and boosting its total to 260 million globally. Its closest rival, Disney+, is still trailing far behind with 150 million subscribers. Netflix did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Ted Sarandos, Sarandos, We're Organizations: Service, Business, Netflix, Disney, Raw, WWE Locations: Canada, France
CNBC Daily Open: A mixed picture on earnings
  + stars: | 2024-01-24 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Asia largely downAsia-Pacific markets mostly fell on Wednesday but Hong Kong's Hang Seng index jumped as much as 2.67%, powered by tech stocks. In her speech after the primary contest was called for Trump, Haley insisted she will stay in the race. It showed retail investors aren't completely sold on the new funds.
Persons: Wall, Haley, Donald Trump, Nikki Haley, bitcoin Organizations: CNBC, New York Stock Exchange, Nasdaq, Dow, Industrial, Netflix, Trump, South Carolina Gov, EV, Tesla, Deutsche Bank, Securities and Exchange Commission Locations: New York City, Asia, Pacific, New Hampshire, U.S, Europe
CNN —NBCUniversal’s high-stakes decision to exclusively air the NFL’s AFC Wild Card playoff game between the Miami Dolphins and Kansas City Chiefs on its streaming service Peacock drove record signups to the platform, a digital analytics firm said Wednesday. In the three days leading up to the January 13 kickoff in Kansas City, Peacock saw 2.8 million sign-ups, Antenna reported on Wednesday, citing preliminary data. Prior to the game, Peacock reached roughly 30 million subscribers, a significantly smaller number than CNN parent company Warner Bros. Discovery’s 95 million Max subscribers and Netflix’s 260 million global subscribers. Though it remains unclear just how many of the 2.8 million new subscribers will retain their Peacock service beyond the playoff game, the announcement comes as other streamers also appear to be getting serious about sports. Netflix on Tuesday announced it will stream WWE’s “Raw” beginning in 2025, the company’s biggest foray yet into live sports.
Persons: Peacock, signups, NBCUniversal Organizations: CNN, AFC, Miami Dolphins, Kansas City Chiefs, Disney, NFL, Warner Bros, Dolphins, Chiefs, Netflix, Amazon’s, Bally Sports, Diamond Sports Group Locations: Kansas City
WWE's weekly television show “Raw” will move to Netflix next year as part of a major streaming deal. “Raw,” which debuted in 1993, has produced 1,600 episodes to date and features wrestlers such as Cody Rhodes, Becky Lynch, Seth Rollins and Rhea Ripley. “We are excited to have WWE Raw, with its huge and passionate multigenerational fan base, on Netflix,” Chief Content Officer Bela Bajaria said in a prepared statement. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025. This will be the first time that WWE will air on the network in prime time.
Persons: , Cody Rhodes, Becky Lynch, Seth Rollins, Rhea Ripley, Bela Bajaria, Mark Shapiro, , Dwayne “, ” Johnson, Johnson Organizations: Netflix, USA Network, WWE, Punk, Holdings Inc, World Wrestling Entertainment Inc, NBCUniversal, NBC Locations: U.S, Canada, America, Fox
After Netflix and WWE parent company TKO Group announced the deal Tuesday morning, it sparked questions about whether Netflix would try to buy streaming rights for one of the major sports leagues. Netflix paid more than $5 billion for 10 years of WWE's Raw and other international programming. Sarandos called the WWE Raw deal "the inverse of Formula 1," as WWE is popular in the U.S. and has a relatively small international audience. "We can build [WWE] like we have with Formula 1 through our shoulder programming," Sarandos said. The move to pay a giant rights deal is a clear shift for Netflix.
Persons: Dwayne, Johnson, John Cena, Ted Sarandos, Sarandos, WWE's, Mark Douglas Organizations: Life, Netflix, WWE, National Basketball Association, NBA, CNBC Locations: Miami Gardens , Florida, U.S
United Airlines – The airline stock popped nearly 5% a day after the company reported higher-than-expected earnings and revenue for the fourth quarter. TKO Group – Shares of TKO Group Holdings rallied 15.8% after announcing a deal to air its WWE flagship program known as "Raw" on Netflix next year. Revenue topped expectations, but earnings fell 6 cents short of analysts' expectations, per LSEG. Verizon posted $1.08 in adjusted earnings per share on $35.13 billion in revenue, while analysts surveyed by LSEG forecasted $1.07 per share in earnings and $34.64 billion of revenue. Procter & Gamble posted mixed results for its fiscal second quarter , topping earnings expectations but falling short on revenue.
Persons: Alibaba, Alibaba's, Truist, Coinbase – Coinbase, Goldman Sachs, Jefferies, Lockheed Martin, Horton –, Halliburton – Halliburton, Johnson – Johnson, Wall, Gamble, RTX, Zions Bancorporation, Yun Li, Sarah Min, Alex Harring Organizations: United Airlines –, Boeing, Max, Group, WWE, Netflix, LSEG, New York Times, Sunnova Energy, Enphase Energy, Federal Reserve, JPMorgan, Reuters, CSI China Internet, General Electric, GE, Teva Pharmaceutical, Teva Pharmaceuticals, Lockheed, Logitech –, Logitech, Barstool Sports, Johnson, Verizon –, Verizon, Procter, FactSet Locations: Alibaba –, China, fundaments
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with TKO CEO Ari Emanuel and Seven Bucks Companies CEO Dwayne 'The Rock' JohnsonTKO CEO Ari Emanuel and Dwayne 'The Rock' Johnson, actor and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE's flagship program 'Raw' starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.
Persons: Ari Emanuel, Dwayne, Johnson, Dwayne Johnson Organizations: Seven Bucks, Netflix, XFL, USFL
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDwayne Johnson on joining TKO board: I'm sitting at a board that my grandfather and dad helped buildTKO CEO Ari Emanuel and Dwayne ‘The Rock’ Johnson, actor, producer, entrepreneur and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE’s flagship program “Raw” starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.
Persons: Dwayne Johnson, Ari Emanuel, Dwayne ‘, ’ Johnson, , Johnson Organizations: Netflix, XFL, USFL
CNN —Netflix announced a major boost in sign-ups in the fourth quarter on Tuesday. The company added more than 13 million subscribers for the quarter, compared to Wall Street’s expectation of 8.7 million. While Netflix added 1.2 million paid subscribers in the fourth quarter in the US, much of the strongest subscriber growth came internationally from Europe and Asia. The company posted revenue of $8.8 billion for the fourth quarter but came short of Wall Street’s expectations for earnings-per-share at $2.11, according to Factset estimates. The fourth quarter also saw a big expansion in Netflix’s video game offering.
Persons: Amy Reinhard, Netflix’s, , we’ve, We’re Organizations: CNN, Netflix, Gaming, WWE, USA, Formula, Theft Locations: Europe, Asia
He also secures full ownership of his stage name, “The Rock,” as part of the deal. I’ve been there, I’m still there and this is for them.”The TKO board now has 13 members, following Tuesday’s appointment of Groupon co-founder Brad Keywell as well. “Very few people on the planet understand the convergence of sports, entertainment, media, and business like Rock,” Vince McMahon, executive chairman of TKO’s board said. The show will begin streaming live January 2025. WWE had an early foray into the streaming business but largely failed to win enough subscribers to support itself.
Persons: New York CNN — Dwayne “, ” Johnson, , Johnson, Johnson’s, I’ve, I’m, Groupon, Brad Keywell, ” Vince McMahon, , Mark Shapiro Organizations: New, New York CNN, Holdings, WWE, UFC, Netflix, ZOA Energy, Seven Bucks, United Football League, World Wrestling Entertainment, Endeavor Group, Endeavor, Comcast’s USA, NBC Locations: New York
Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE's flagship program Raw starting next year, in Netflix's first major foray into live sports. Netflix, which is trying to drive revenue by cutting down on subscription sharing and pushing viewers toward its ad-tier membership, has made few attempts at live programming in its history. With WWE permission, Netflix could even develop movies or series around WWE characters, one of the people said. For TKO, the parent company of WWE, striking a deal with Netflix brings WWE wrestling to about 250 million global subscribers. WWE President Nick Khan has had Netflix on his radar as a potential landing spot for Raw for several years.
Persons: Dwayne Johnson, Mark Shapiro, Rupert Murdoch, Nick Khan, Khan Organizations: Netflix, Raw, WWE, SmackDown, NXT, USA Network, ESPN, Turner, NFL, Fox Locations: U.S, Canada, America
SAN FRANCISCO (AP) — Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes. Political Cartoons View All 253 ImagesThe rising tide of customers left Netflix with more than 260 million global subscribers at the end of 2023 — an annual increase of nearly 30 million subscribers. Last year’s performance was a stark contrast to 2022’s increase of 8.9 million subscribers — a lackluster showing that raised questions whether the video-streaming pioneer was losing steam amid stiffening competition for viewers. The revenue exceeded analysts' forecasts, while earnings per share missed analyst targets, partly because of a $239 million charge tied to its foreign debt. The company's shares rose nearly 7% in Tuesday's extended trading after its fourth-quarter numbers came out.
Persons: , Oscar, “ Maestro Organizations: FRANCISCO, Netflix, Research, Revenue, Walt Disney Co, Warner Bros, Discovery Locations: Gatos , California
Now it's in "live sports entertainment" via a $5 billion pro wrestling deal with TKO. One big reason the deal could work: Netflix wasn't in the ads business. That's when a new $5 billion, 10-year deal with TKO Group will kick in and bring Raw, the weekly WWE pro wrestling show currently airing on Comcast's USA network, to Netflix in the US and other countries. Now it's here, in what appears to be the biggest licensing deal Netflix has ever made. And this deal is a rights deal, not an outright purchase.
Persons: , they'll, Comcast's, . Peacock, Chris Rock, That's, it's Organizations: Netflix, Service, WWE, USA, ESPN
Netflix announced earlier this month it has 23 million monthly active users on its advertising tier. That may be 12 to 15 million paying subscribers, estimated Evercore ISI analyst Mark Mahaney. The takeaway for Netflix executives may be that most of its audience is content with paying what Netflix is charging. With more content, Netflix may have leverage to convince its users that they should pay more money. Netflix didn't announce a price hike in its quarterly letter or say when one is coming.
Persons: we'll, Mark Mahaney, It's, Netflix didn't Organizations: Netflix, Raw, Disney, ESPN Locations: Krakow, Poland, U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRich Greenfield on NFLX earnings and WWE deal: This is a watershed momentRichard Greenfield, LightShed Ventures, joins CNBC's "Fast Money" to discuss Netflix earnings and its big deal with WWE for live wrestling programming.
Persons: Rich Greenfield, Richard Greenfield Organizations: WWE, LightShed Ventures, Netflix
“The Rock” is a name is derived from Johnson's father, WWE Hall of Famer Rocky Johnson, who was the first Black champion in WWE history (alongside partner Tony Atlas), according the WWE. “I am thrilled to partner with Dwayne and welcome his immense talent to TKO’s Board," TKO CEO Ariel Emanuel said in a prepared statement. He has recently appeared on World Wrestling Entertainment Inc.'s “Smackdown” and “Raw” television programs, with rumors swirling that he may compete at this year's WrestleMania. "I’ve been there, I’m still there and this is for them.”TKO also announced Tuesday that Brad Keywell will become a board member. The additions of Johnson and Keywell will increase TKO's board from 11 to 13 members.
Persons: Dwayne Johnson, Johnson, WWE Hall of Famer Rocky Johnson, Tony Atlas, , Dwayne, Ariel Emanuel, ” Johnson, I’ve, I’m, ” TKO, Brad Keywell, Keywell Organizations: WWE, UFC, WWE Hall of Famer, Seven Bucks, Energy, United Football League, TKO’s Board, Holdings Inc, Wrestling Entertainment Inc, Echo Global Logistics
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTKO CEO Ari Emanuel: Netflix deal strengthens the WWE brand 'on a global basis'TKO CEO Ari Emanuel and Dwayne ‘The Rock’ Johnson, actor, producer, entrepreneur and newly appointed TKO board director, join 'Squawk on the Street' to discuss the company's 10-year deal with Netflix to stream WWE’s flagship program “Raw” starting next year, news of Dwayne Johnson joining the TKO board, Johnson on the XFL-USFL merger, tequila sales, and more.
Persons: Ari Emanuel, Dwayne ‘, ’ Johnson, , Dwayne Johnson, Johnson Organizations: Netflix, WWE, XFL, USFL
The company sees earnings per share ranging between 60 and 65 cents, well below an LSEG estimate of 72 cents per share. Horton — Shares of the home construction company slipped more than 5% after first-quarter earnings per share missed Wall Street estimates. Horton earned $2.82 per share, while analysts polled by LSEG expected a profit of $2.88 per share. Analysts expected earnings of 80 cents per share, according to LSEG. Analysts expected a profit of $1.24 per share on revenue of $19.7 billion.
Persons: Truist, Enphase, Goldman Sachs, Glen Santangelo, D.R, Horton —, Horton, LSEG, Halliburton, FactSet's StreetAccount, groundings, Johnson — Johnson, Johnson, RTX, CNBC's Hakyung Kim, Samantha Subin, Jesse Pound, Lisa Kailai Han, Fred Imbert Organizations: JPMorgan, General Electric, Energy, Federal, 3M, Goldman, Teva Pharmaceutical Industries, pharma, Jefferies, Logitech —, Logitech, Wall Street, United Airlines –, United Airlines, LSEG, Boeing, Max, Barstool Sports, Netflix, Johnson, Verizon, Procter, Gamble, RTX Corporation, Wall
The dominant streamer now has more than 260 million global subscribers. The dominant streamer just had its best Q4, adding 13.1 million global subscribers for a total of more than 260 million. This growth widens its lead over newer competitors like Disney+, its closest streaming rival, which trails far behind with 150 million global subscribers. AdvertisementAnd while not every title is a hit, Netflix has enough that it's reached utility status with subscribers. Analysts have questioned how much more growth Netflix can get out of its cheaper ad tier and password-sharing crackdown.
Persons: , Scott Stuber Organizations: Netflix, Disney, Service, Nielsen, Amazon's, Wall Street Journal, WWE
Here are Tuesday's biggest calls on Wall Street: Cantor Fitzgerald initiates Nvidia as buy Cantor said in its initiation of Nvidia that the stock is a top pick at the firm. Bank of America adds Apple to the US1 list Bank of America added the stock to its top picks list. TD Cowen upgrades Exxon to outperform from market perform TD says shares of Exxon are "compelling." Oppenheimer initiates Flywire as outperform Oppenheimer initiated the payments company with an outperform rating and said Flywire is a growth stock. Guggenheim reiterates Tesla as sell Guggenheim says it's sticking with its sell rating on Tesla heading into earnings on Wednesday.
Persons: Cantor Fitzgerald, Cantor, it's, TD Cowen, Wells, Jefferies, Enphase, Goldman Sachs, Goldman, JMP, SIRI, Oppenheimer, Flywire, JPM, Philip Morris, Morgan Stanley, Evercore, Guggenheim, Tesla, Roth, Boston Beer, Stephens Organizations: Nvidia, Citi, Meta, Bank of America, Apple, Apple Inc, Chevron, Exxon, ENPH, JPMorgan, NRG Energy, Liberty, Liberty Media, Brands, UBS, Duke Energy, AEP, Guggenheim, Boston Beer, Boston Locations: North Carolina, underperform, OW
Netflix now has 260.8 million paid subscribers, a new record for the service, it said when it reported quarterly results after the bell Tuesday. The subscriber growth easily tops the 8.76 million paid membership adds Netflix reported in the third quarter. The company also blew past Wall Street's fourth-quarter expectations of 8 million to 9 million. The company posted revenue of $8.83 billion for the quarter, up from $7.85 billion in the year-ago quarter. That's up from 15 million that the company reported in November.
Persons: Wall, We're, foresees, Amy Reinhard, it's, Greg Peters, Peters Organizations: ANGELES, Netflix, Wall, LSEG, U.S ., WWE Raw, Investors, Variety Entertainment, CES
TAMPA, Fla. (AP) — Retired wrestler Hulk Hogan and a friend rescued a teenage girl who was trapped in an overturned vehicle after a crash in Florida, according to Hogan's social media posts. Hogan said on the social media platform X that he used a ball point pen to puncture the car's airbag and free the girl after witnessing the accident Sunday night in Tampa. His new wife, yoga instructor Sky Daily, took to Facebook to praise the quick action taken by her 70-year-old husband and the couple's friend Jake Rask. “By all appearances, she was unscathed, just really rattled, which is an absolute miracle!” Daily wrote. The Tampa Police Department said in an email Tuesday that there were only minor injuries from the crash.
Persons: , Hulk Hogan, Hogan, Jake Rask, Terry Bollea, Organizations: Facebook, The Tampa Police Department, WWE Hall of Fame Locations: TAMPA, Fla, Florida, Tampa
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