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☆ WWE boss Vince McMahon hit with federal grand jury subpoena and search warrant, company reveals
▼ + stars: | 2023-08-02 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Federal law enforcement agents executed a search warrant on World Wrestling Entertainment boss Vince McMahon last month and served him with a federal grand jury subpoena, the company disclosed Wednesday. Reached for comment Wednesday, the company said they believe the subpoena and search warrant are "a continuation of the investigation that commenced last summer. WWE and Endeavor both expect the deal to close in the second half of this year, WWE said Wednesday. The search warrant and subpoena on July 17 came a year after news first broke that federal prosecutors and the SEC were investigating WWE and McMahon over his payments to women.

Persons: Vince McMahon, McMahon, McMahon's Organizations: Entertainment Inc, WWE, Thomas &, World Wrestling Entertainment, Securities and Exchange Commission, CNBC, UFC, Endeavor Group, Endeavor, SEC Locations: Las Vegas , Nevada

☆ John Cena slept in his car and ate free pizza as he racked up job rejections in LA: 'Every avenue of fitness failed'
▼ + stars: | 2023-07-30 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Fame and fortune weren't exactly in the cards for actor and WWE superstar John Cena early on. Finding a job in the field, however, proved harder than he'd thought, Cena told comedian Kevin Hart on Peacock talk show "Hart to Heart." After "every avenue of fitness failed," and a last-ditch effort to become a highway patrol officer fell through, Cena was met with homelessness, sleeping in the back of his 1991 Lincoln Continental and living off free pizza from a local shop. "They had a deal where, if you could eat their whole pizza, you got it for free," Cena said, chuckling. It's a job Cena didn't even know was possible.

Persons: John Cena, Cena, Kevin Hart, Peacock, Hart, —, Cena didn't, you've Organizations: WWE, Springfield College, Continental, Pro Wrestling, Ultimate University, Furious, CNBC Locations: West Newbury , Massachusetts, Los Angeles , California, LA

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ Hollywood strike may soon turn destructive for media stock investors, analysts say
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

"We're getting to a point of being very destructive to the entertainment ecosystem," said Rosenblatt Securities analyst Barton Crockett. Bazinet said to expect the walkout to last into the fourth quarter, which would mean a writers' strike lasting between around 150 and 240 days and an actors' strike in a range of 70 and 160 days. The strikes could cost the film and TV industry about $150 million per week, Citigroup's Bazinet wrote, using inflation-adjusted data from the 1980 actors' strike. "The lasting impacts are: [it] makes the streamers stronger and the traditional media companies weaker," Crockett said. JPMorgan analyst David Karnovsky downgraded movie theatre chain Cinemark shares to neutral from overweight earlier this week, citing the strike.

Persons: We're, Barton Crockett, Jason Bazinet, Bazinet, Douglas Mitchelson, Mitchelson, Goldman Sachs, Brett Feldman, Philip Cusick, Cusick, Goldman's Feldman, Citigroup's Bazinet, Rosenblatt's Crockett, Crockett, Feldman, Barbie, Oppenheimer, Stephen Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Screen, – American Federation of Television, Radio Artists, Alliance, Television Producers, Writers Guild of America, Rosenblatt Securities, Media, AMC, Disney, Warner Bros, Discovery, Paramount, Netflix, UFC, Endeavor, WWE, SAG, Credit Suisse, JPMorgan, AMC Networks, WBD, Covid, Comcast, CNBC

☆ TikTok, Warner Music Group to partner in music licensing deal
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 18 (Reuters) - Warner Music Group (WMG.O), the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues. The multi-year deal will help Warner Music's artists and songwriters unlock new revenue and marketing opportunities from TikTok's more than 1 billion users, the companies said on Tuesday. Social media platforms like TikTok have seen many new artists go big when content featuring their music went viral, helping them clinch major record deals. The deal licenses the collection of Warner Recorded Music and Warner Chappell Music to TikTok, TikTok Music - the social media app's premium streaming service, video editor CapCut, and TikTok's Commercial Music Library. Reporting by Zaheer Kachwala; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Warner, Warner Chappell, CapCut, Zaheer Kachwala, Devika Organizations: Warner Music Group, Radiohead, Social, Warner, Wrestling Entertainment, WWE, Warner Recorded Music, Warner Chappell Music, Thomson

☆ Peacock hikes prices for the first-time ever
▼ + stars: | 2023-07-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Peacock, the NBCUniversal-owned streaming service, is getting its first-ever price hike. Current subscribers will get one additional month at the old prices before being charged more on their next billing plan. The streaming service hopes to stem the losses by raising prices. Peacock was the lone holdout among streamers in hiking rates: Netflix, Paramount+, Disney+ and Max (owned by CNN’s parent company Warner Bros. Discovery) have all increased the prices of their services in recent months.

Persons: New York CNN — Peacock, Peacock Organizations: New, New York CNN, Netflix, Paramount, Warner Bros, Premiere League football, WWE Locations: New York

☆ WWE legend pitches to hold Wrestlemania in UK as rival AEW gears up for major London show
▼ + stars: | 2023-07-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Wrestling legend John Cena surprised fans with a pitch to hold WWE's largest live event Westlemania, the so-called "Super Bowl of wrestling" that has never taken place outside of North America, in London. WWE brought its premium live event called Money in the Bank to London's O2 arena on Saturday, in its second major event in the U.K. in the last year. The crowd erupted as his tell-tale entrance music hit, but Cena arrived not to fight — but to pitch to hold Wrestlemania in London. They don't necessarily know how to feel about London," Cena told the packed O2 arena which booed at the suggestion. "Take a moment right now, let them see, let them feel, let them hear what WrestleMania is going to sound like in London," Cena added.

Persons: Dwayne, Johnson, John Cena, Cena, It's Organizations: Life, Wrestling, WWE, Bank, London's, London Locations: Miami Gardens , Florida, North America, London

☆ Central banks to Wall Street: More pain is coming
▼ + stars: | 2023-06-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Market euphoria in early June, spurred on by a pause in interest rate hikes by the Federal Reserve, is well behind us now. What’s happening: It’s been just over a week since the Federal Reserve paused its 14-month regimen of interest rate hikes to fight inflation. The Bank of England, meanwhile, surprised investors by raising interest rates in the UK by an outsized half of a percentage point. Central banks had been making smaller interest rate moves as inflation began to ease off of recent highs. Elsewhere in Europe, central banks in Norway and Switzerland also hiked rates to decade-high levels on Thursday.

Persons: We’re, It’s, Jerome Powell, ” Powell, Stocks, Scott Wren, Wells, ”, Samantha Delouya, Elon Musk, Mark Zuckerberg, Musk, Zuckerberg, Hanna Ziady, Alex Heath, “, Paddy Power Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Central Bank, Nasdaq, Senate, Financial Services, The Bank of England, Bank of England, Fed, Commonwealth, 3M, WWE, Tech, Twitter, Meta, “ Locations: New York, Europe, Norway, Switzerland, ” Switzerland, United States, Wells Fargo, Las Vegas

☆ CEO of wrestling start-up AEW on the impact of the WWE-UFC merger
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of wrestling start-up AEW on the impact of the WWE-UFC mergerTony Khan, CEO of All-Elite Wrestling, says his company has been "on a really hot run of great shows" and the focus is still on wrestling and fans.

Persons: Tony Khan Organizations: WWE, UFC, Wrestling

☆ Opinion: Why are so many Republicans running against Trump?
▼ + stars: | 2023-06-16 | by ( Julian Zelizer | ) edition.cnn.com time to read: +5 min

On Thursday, Miami Mayor Francis Suarez announced that he is running alongside 12 other Republican candidates. Unlike the crowded 1976 Democratic primaries or the 2016 Republican primaries, which turned into a WWE-style battle royal of aspiring presidents, there is a clear frontrunner this time around: Trump. And despite his invincible self-image, Republicans know that Trump can lose — he was defeated in 2020 and Republicans under his banner did poorly in the 2018 and 2022 midterms. Like President Joe Biden, Trump is relatively old for a US president, having turned 77 on Wednesday. Republicans understand that while Trump remains the leading contender, there is a desire and a need for younger leaders to step up.

Persons: Julian Zelizer, Miami Mayor Francis Suarez, Suarez, Donald Trump, Trump, Chris Christie, Never Trump, Joe Biden, ” Organizations: CNN, Princeton University, New York Times, America, Twitter, Republican, Miami Mayor, WWE, Trump, Capitol, New, New Jersey Gov, Facebook Locations: Trump, New Jersey, Cuban, Miami

Mandatory Credit: Joe Camporeale-USA TODAY Sports/File PhotoJune 16 (Reuters) - A U.S. judge rejected World Wrestling Entertainment's (WWE.N) effort to dismiss a smaller rival's antitrust lawsuit that accused it of monopolizing the market for professional wrestling media rights. In a decision on Thursday, U.S. District Judge Edward Davila in San Jose, California, said MLW Media had presented enough "circumstantial" evidence that WWE uses its dominance to keep rivals from accessing various distributors and arenas. MLW said Stamford, Connecticut-based WWE commands about 92% of revenue from U.S. media rights for pro wrestling, versus 6% for All Elite Wrestling and less than 2% for everyone else. MLW sufficiently alleged that WWE's activities "had a substantial effect in foreclosing competitors from the professional wrestling media rights market," Davila wrote. The case is MLW Media LLC v World Wrestling Entertainment Inc, U.S. District Court, Northern District of California, No.

Persons: Cody Rhodes, Joe Camporeale, Edward Davila, MLW, Davila, Marc Kasowitz, Jonathan Stempel Organizations: Wrestling, District, MLW Media, WWE, Elite Wrestling, Fox, Amazon.com, CBS, Disney, Netflix, Warner Bros Discovery, Wrestling Entertainment Inc, Court, Northern District of, Thomson Locations: Inglewood , CA, USA, SoFi, U.S, San Jose , California, Stamford , Connecticut, , New York, Northern District, Northern District of California, New York

[1/10] Spectators watch a match at All Together Again Pro Wrestling event in Tokyo, Japan, June 9, 2023. AEW founder Tony Khan said 65,000 tickets have already been sold for the Wembley show, and "it would be a huge benefit to AEW if there is participation from New Japan Pro Wrestling and some of their top stars in the event." The scripted and often ridiculous spectacle of pro wrestling is a serious player in the entertainment sector. New Japan President Takami Ohbari said teaming with AEW would give the companies more of a fighting chance against a merged WWE and UFC operator Endeavor Group (EDR.N). "It's really mutually beneficial in terms of the global expansion for New Japan and also for AEW," Ohbari said.

Persons: Kim Kyung, Hoon TOKYO, Tony Khan, Khan, Brandon Thurston, Wrestlenomics, grappler, Antonio Inoki, Takami Ohbari, AEW, It's, Ohbari, Rocky Swift, Miyoung Kim, Sonali Paul Organizations: REUTERS, Elite, Wembley, World Wrestling Entertainment, WWE, UFC, New Japan Pro Wrestling, Reuters, New, Garden, Endeavor, Thomson Locations: Tokyo, Japan, Jacksonville , Florida, New Japan, Toronto, U.S, New York's, Britain

☆ Iron Sheik, professional wrestler and WWF Champion, dies at age 81
▼ + stars: | 2023-06-07 | by ( Artemis Moshtaghian | ) edition.cnn.com time to read: +1 min

CNN —Professional wrestler and World Wrestling Entertainment Hall of Famer The Iron Sheik has died, according to an announcement on his Twitter page. The Iron Sheik, whose real name was Hossein Khosrow Ali Vaziri, was born in Iran where he first began his wrestling career. The Iron Sheik became champion of then-World Wrestling Federation in 1983 and held the title for just under a month before losing to Hulk Hogan, according to WWE. “Throughout his career, The Iron Sheik became a cultural phenomenon, transcending the realm of professional wrestling to become a pop culture icon,” the announcement on his Twitter reads. He left an indelible mark on the industry, and his influence can still be felt in the world of wrestling today.”

Persons: Sheik, Hossein Khosrow Ali Vaziri, ”, Hulk Hogan, “ Organizations: CNN —, Wrestling Entertainment Hall of Famer, WWE, World Wrestling Federation Locations: “, Iran

☆ Pro wrestlers return to China as global bouts resume after pandemic
▼ + stars: | 2023-06-07 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +1 min

SHANGHAI, June 7 (Reuters) - Not only presidents and chief executives are making their way to China to reconnect after three years of border closures, but also international professional wrestlers, who returned this week after the COVID-19 pandemic. "We are glad to let the world know, 'Hey, Chinese wrestling is back'," said event promoter Adrian Gomez. A cast of colourfully dressed characters - both heroes and villains - hammed it up for the audience, in the spirit of the storied WWE, the best-known pro wrestling body. International participants included former WWE pro wrestler Yoshi Tatsu from Japan and Malaysia's Nor "Phoenix" Diana, who is known as the first hijab-wearing pro wrestler. Gomez said the return of international wrestlers signalled a huge change in fortunes for Chinese pro wrestling, which has battled to stage domestic live matches since COVID curbs were imposed in early 2020, sometimes with no audience at all.

Persons: Adrian Gomez, colourfully, Yoshi Tatsu, Diana, Wang Tao, Gomez, we've, Casey Hall, Clarence Fernandez Organizations: Middle Kingdom, WWE, Thomson Locations: SHANGHAI, China, Japan, United States

☆ Veteran Morgan Stanley dealmaker Rob Kindler to join law firm
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

June 6 (Reuters) - Rob Kindler, a top executive at Morgan Stanley (MS.N), is leaving the investment bank after a 17-year stint to join a major law firm. The veteran dealmaker will join Paul, Weiss, Rifkind, Wharton & Garrison as the global chair of mergers and acquisitions (M&A), the law firm said on Tuesday. A New Yorker, Kindler began his legal practice at Cravath, Swaine & Moore, another major law firm where he spent nearly two decades. "I am delighted to once again have him as my partner," said Barshay, who is the chair of the Paul, Weiss' corporate department. Kindler's return to legal practice coincides with a challenging period for the industry, which like investment banks, has been navigating a dreary environment for dealmaking.

Persons: Rob Kindler, Morgan Stanley, dealmaker, Paul, Weiss, Kindler, Moore, Kindler's, Scott Barshay, Barshay, Cooley, Goodwin Procter, Niket, Maju Samuel, Chris Reese Organizations: Garrison, Yorker, JPMorgan, Comcast, AT, T Broadband, Dow, IHS, Wall Street, Apollo Global, Arconic, WWE, Endeavor Group, UFC, Thomson Locations: Rifkind, Wharton, New York, Cravath, Bengaluru

☆ Middle Eastern investors are pouring money into US media, sports, and entertainment — here are the 9 most active players and their key leaders
▼ + stars: | 2023-06-05 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +10 min

Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi

☆ Watch CNBC's full interview with Danielle DiMartino Booth, Gerald Storch, and Jan Kniffen
▼ + stars: | 2023-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Danielle DiMartino Booth, Gerald Storch, and Jan KniffenDanielle DiMartino Booth, QI Research CEO, Gerald Storch, Storch Advisors CEO, and Jan Kniffen, J. Rogers Kniffen WWE CEO, join 'Last Call' to discuss the recent stock slides in luxury retail, the state of the high-end consumer, and more.

Persons: Danielle DiMartino Booth, Gerald Storch, Jan Kniffen Danielle DiMartino Booth, Jan Kniffen, J, Rogers Kniffen Organizations: Research, Storch Advisors, Rogers Kniffen WWE

☆ Consumers are stressed at every level, says fmr. Toys "R" Us CEO Gerald Storch
▼ + stars: | 2023-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are stressed at every level, says fmr. Toys "R" Us CEO Gerald StorchDanielle DiMartino Booth, QI Research CEO, Gerald Storch, Storch Advisors CEO, and Jan Kniffen, J. Rogers Kniffen WWE CEO, join 'Last Call' to discuss the recent stock slides in luxury retail, the state of the high-end consumer, and more.

Persons: Gerald Storch Danielle DiMartino Booth, Gerald Storch, Jan Kniffen, J, Rogers Kniffen Organizations: Consumers, Research, Storch Advisors, Rogers Kniffen WWE

☆ Consumers are more interested now in experiences and travel than buying goods, says Jan Kniffen
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are more interested now in experiences and travel than buying goods, says Jan KniffenJ Rogers Kniffen WWE CEO Jan Kniffen joins 'Squawk Box' to discuss the retail sector at large, earnings results, state of consumer trends, and more.

☆ Watch CNBC's full interview with J Rogers Kniffen WWE CEO Jan Kniffen
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with J Rogers Kniffen WWE CEO Jan KniffenJ Rogers Kniffen WWE CEO Jan Kniffen joins 'Squawk Box' to discuss the retail sector at large, earnings results, state of consumer trends, and more.

☆ Superstar Billy Graham, Model of the Buff, Blond Wrestler, Dies at 79
▼ + stars: | 2023-05-19 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Superstar Billy Graham, a professional wrestler whose extravagant presence — 22-inch biceps, dyed blond hair, feather boas, tie-dyed tights and an outrageous gift of gab — influenced the style of future stars like Hulk Hogan and Jesse Ventura, died on Wednesday in Phoenix. The cause was sepsis and multiple organ failure, said Keith Elliot Greenberg, who collaborated with Graham on his autobiography. Graham’s longtime use of steroids had weakened his bones, requiring at least six hip replacements, and made him sterile. He also received a liver transplant in 2002 after contracting hepatitis C.“If you look at those that came after him, more people have patterned themselves after Superstar Billy Graham and become a success in this business than probably anybody,” Triple H, the superstar wrestler whose birth name is Paul Levesque, said at Graham’s induction into the WWE Hall of Fame in 2004. “And when it comes to bodies, there was nobody, and I mean nobody, that could touch the Superstar.”Graham, who was born Eldridge Wayne Coleman, had been an evangelist, a bodybuilder who bench pressed as much as 605 pounds, a defensive end in the Canadian Football League, a debt collector and a bouncer before turning to wrestling in 1970.

☆ High-stakes game of keeping secrets on Wall Street
▼ + stars: | 2023-05-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Citadel Securities' trading strategies? Look no further than a recently filed lawsuit by Citadel Securities against two former employees, per Bloomberg. The suit, which you can read here, alleges the former employees were building a competing high-frequency trading firm while still employed and used trade secrets gained while at Citadel Securities. Portofino told Bloomberg that the Citadel Securities lawsuit was "corporate bullying" and that it would defend itself. On the one hand, trading firms invest a lot of money — check out some salary ranges here — in developing these strategies.

☆ UFC maintains links with Russian fighters and fighters connected to sanctioned Chechen warlord despite Ukraine invasion
▼ + stars: | 2023-05-17 | by ( Ben Morse | ) edition.cnn.com time to read: +17 min

We have been saying for some time that these sports organizations need to prohibit Kadyrov’s fighters to perform,” he said. There’s also its decision to allow Russian fighters in general to compete in the world’s premium mixed martial arts organization. Some critics have suggested Russian fighters in general should be suspended, like has happened in some other sports, for the country’s involvement in the invasion of Ukraine. Chris Unger/Zuffa LLC/Getty ImagesUFC’s primary focusThere are 20 active Russian fighters currently competing in their organized events, according to the UFC website. CNN approached all 20 of those Russian fighters, only two responded initially and ultimately none of them agreed to an interview.

World Wrestling Entertainment and Endeavor's UFC announced last month they would merge later this year. The new operation will be called TKO Group Holdings, a spokesperson for Endeavor confirmed Tuesday. Emanuel has said he intends to run "the same playbook" with WWE that Endeavor did with UFC, whose revenue surged 20% from 2021 to 2022. UFC and WWE will retain their respective names as part of TKO Group. "This is going to be UFC 2.0," Emanuel said in an interview that aired last month on CNBC's "Squawk on the Street."

☆ Bowlero, the public company that reimagined bowling, faces dozens of discrimination claims that the feds want to settle for $60 million
▼ + stars: | 2023-05-11 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +19 min

The 73 EEOC claims brought by individual former employees against the company sparked the larger pattern or practice investigation into age discrimination. Only a fraction of EEOC age discrimination complaints — 2.8% in fiscal 2021 — resulted in reasonable cause determinations, EEOC data show. It went from running six bowling alleys to 272 overnight after it acquired AMF, which was then the largest bowling company in the world and was in bankruptcy. The following year, Shannon's company acquired the Brunswick Corporation, the second-largest bowling company in the world, and changed his company's name to Bowlero. Dowe said negotiations fell apart when Bowlero countered the EEOC's $60 million settlement proposal with a proposal of $500,000.

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