Fan Files $1M Lawsuit Against WWE
A WWE fan filed a lawsuit against WWE over alleged injuries to his eardrums during WrestleMania 38 in Dallas. Marvin Jackson filed the lawsuit on 1/12/23 and is due in court during the week of 2/05/24. Jackson is suing for more than $1,000,000 in monetary relief to cover penalties, damages, costs, expenses, attorney fees, and prejudgment interest. He claimed he lost hearing in his left ear due to the pyrotechnics during WrestleMania 38.
Slim Jim "Fast Meat" WWE Survivor Series Custom Nissan Z Stolen?
Speaking of allegations, Slim Jim's custom Nissan Z, known as "Fast Meat" has been reported stolen. This is the same car that WWE used in their promotion for their Pay-Per-View Shows Survivor Series and Fastlane. The car went missing while it was making a stop in Chicago for a WWE Survivor Series video shoot, the Pay Per View which featured the return of CM Punk after 9 years away from WWE.
"Fast Meat" has a custom yellow leather interior, LED lighting and exclusive Slim Jim decals. So it's safe to say that hiding this car would prove as no easy task for the car jacker. Slim Jim launched a #FindFastMeat social media campaign, calling upon their fanbase to help them find the car and report any information regarding it to the police. Some think the social media posts and missing car is a PR Stunt.
2024 Is A Big Year For WWE's Contracts
Monday Night Raw's contract with the USA Network is coming to a close. TKO's President Marc Shapiro, WWE CEO Nick Khan, and WWE Chief Content Officer Paul Levesque (also known as Triple H) reportedly met with Warner Bros. Discovery in New York recently to discuss Monday Night Raw airing on TBS or TNT. WWE'e biggest rival AEW has a current agreement with Warner Bros. Discovery that is believed to be up at the end of 2024. AEW's CEO Tony Khan said that he also met with Warner Bros Discovery the same week as WWE did. Current WWE Star CM Punk, who was fired from AEW recently for getting into two separate backstage fights, reportedly was a major part of the pitch to WBD, as he will be a regular part of Monday Night Raw going forward. Other potential partners for Monday Night Raw are FX, Amazon and Disney.
WWE is looking for an increase in Monday Night Raw rights fees on this new deal. They are shooting for $398 million per year for the 3 hour show, which means WWE is looking be getting paid that amount by the television network that gets the rights to broadcast Monday Night Raw. For comparison, AEW's flagship show "Dynamite" was believed to have been $50 million in rights fees for 2023.
WWE's Friday Night Smackdown will be moving from Fox to The USA Network in 2024. NBC will reportedly pay $287 million annually to broadcast Friday Night Smackdown on USA. This is about 40% higher than WWE's old deal they had with Fox. The deal with USA is a 5-year deal worth $1.4 billion total.
TV deals aren't the only contracts expiring in 2024. WWE Superstars Becky Lynch, World Heavyweight Champion Seth Rollins, Sheamus and Drew McIntyre all have contracts set to expire next year. WWE has already signed new deals with Rey Mysterio and his son Dominik Mysterio, and plan on offering big contracts to keep the rest of their stars in WWE. AEW has been known to offer big money contracts to entice stars to jump ship to their show, like they did with Chris Jericho, Edge, Sting and others.
WWE Trademarking "WWE Speed"
Attention spans are at all time lows due to TikTok and other short form content or "doom scrolling" based media apps. WWE realized this and decided to try a new concept called "WWE Speed". The rules of "WWE Speed" is that Superstars will compete against each other to see who can get the fastest amount of pin-falls during a 5-minute timeframe.
WWE Puts Bray Wyatt On Legends Deal To Help His Kids
Windham Rotunda, known as Bray Wyatt in WWE passed away unexpectedly from a heart attack this August at the age of 36. He was in the peak of his career, having just been "given the torch" by WWE Legend "The Undertaker". WWE announced this week that they will be putting Bray Wyatt on a legends deal to ensure that his kids will continue to receive financial support. All proceeds of any Bray Wyatt related merchandise will go to Bray Wyatt's fiance JoJo Offerman (daughter of MLB star Jose Offerman) and their children. Bray and JoJo became engaged in 2022 but Bray passed before they were able to have the wedding. They had two children together, one in 2019 and the other 2020.
"The Iron Claw" Executive Producer Won't Let WWE Hold Him Down
Maxwell Jacob Friedman (also known as MJF) was listed as an Executive Producer and actor in "The Iron Claw", a pro-wrestling movie starring Zach Efron and "Shameless" star Jeremy Allen White. MJF is looked upon as one of the top pro wrestlers on the planet right now, and for good reason. His contract is set to expire from AEW in 2024, and MJF said that WWE and AEW will have a bidding war the likes of which has never been seen! Many think that the PG-WWE won't be a good fit for the loud mouthed star, however when asked about it MJF seemed confident WWE won't be able to put a leash on his potential.
This is what MJF had to say about WWE putting MJF on a leash on the SI Media podcast, “I just don’t know how the f*ck you put a leash on me and I swear to God, that’s my honest opinion. I’m sorry I’ve now cursed twice… I don’t think anybody can hold me back from being the monster I am. I think my career trajectory in any company is going to be exactly the same. Do I think in some aspects, AEW fits me like a glove more so than anywhere else? Yeah, I do. Could an argument be made the other way around? Yeah, I’m sure. These are all things I have to think about. What I do know, whatever company I pick, it will be because it feels right and it means the most to me." -MJF
Dana White Announces Fights For UFC 299
Now onto the UFC, the other half of the overall company TKO. UFC CEO Dana White spoke to the media after UFC 296: Edwards vs Covington and announced a few fights for the UFC 299 in Miami. The card will feature Sean O'Malley (-198 odds) vs Marlon Vera (+164 odds). Kevin Holland will be taking on Michael "Venom" Page, who is known as one of the most electric strikers in MMA. You can view the whole card here.
Dana White Kicks Out Anti-Trump Kick Streamer From UFC Event
NEON is a young Kick Streamer who has risen in fame recently due to the offensive trolling he does in his streams. His trolling has gotten him into many altercations in the past, however recently he has body guards to protect him. On his way to UFC 296 he went live and said that he planned on talking trash to Donald Trump to his face at the event. Donald Trump was cage-side during UFC 296, as he has become friends with Dana White over the years.
When Dana heard what NEON said about Trump, he promptly banned him from entering the arena. When asked about it Dana said; "What happened is, he said some stupid s**t on Instagram. And, you know, he bought tickets, so he wasn't anywhere close when you start saying stupid s**t like that. Yeah, you're probably going to get busted up and thrown out of here. You know, making threats and talking dumb s**t - looking for clout." -Dana White
NEON's manager responded; "Outta respect for the whole UFC, Dana White, RedRock, & The greatest president to ever live, Last night, my clients actions were unacceptable and I’d like to formally apologize to anyone that was disrespected. Last night was the final straw, no more disrespectful trolling." -NEON's Manager
How Our Exclusive In-House Analysts Are Trading $TKO
It seems like there is a lot going on with both WWE and UFC!! Now let's break down a trade for $TKO!!! TKO Groups Holdings is an American media conglomerate created by Endeavor Group Holdings as part of the merger between WWE and UFC.
"I like a starter long/bullish position for a swing trade here at $78.87 (current price of the analysis) with targets at $87.67 and $98.07. Stop Loss at $72. This looks strong in the short to medium term." -BTC_Jay
Check out our Free Trading Discord for more!
Entry: $78.87
Targets: $87.67, $98.07
Stop Loss: $72
