Special News


Box Office Links



Articles » WWE » WWE News »

MLW Antitrust Lawsuit Against WWE Settled For $20 Million

MLW Antitrust Lawsuit Against WWE Settled For $20 Million

Views: 3244 | | By Jitu Jangir





Join Us on Google News





Follow Sacnilk Instagram Account

Major League Wrestling (MLW) and World Wrestling Entertainment (WWE) reached a settlement agreement in December 2023 for a reported $20 million, according to filings by TKO Group Holdings, the parent company of MLW.

The lawsuit, filed in January 2022, accused WWE of antitrust violations by interfering with MLW's business dealings. MLW claimed that WWE pressured TV networks and streaming services like Vice TV and Tubi to abandon potential deals with them, hindering their growth and maintaining a monopoly in the professional wrestling industry.



While the initial lawsuit was dismissed in February 2023, an amended complaint by MLW led to a judge denying WWE's motion to dismiss. The ongoing legal battle reportedly impacted WWE's talent recruitment efforts due to concerns regarding potential accusations of poaching or tampering.

The details of the settlement were revealed in TKO Group Holdings' 2023 earnings report, which listed a $20 million charge related to the settlement of an antitrust lawsuit with WWE. A separate filing with the Securities and Exchange Commission confirmed that the lawsuit involved MLW and that the settlement agreement was reached on December 22nd, 2023.

This development marks the conclusion of a legal battle that shed light on the competitive landscape of professional wrestling and its potential antitrust concerns. While the specifics of the settlement remain confidential, the $20 million figure signifies a significant resolution for both parties involved.

Stay Tuned To Sacnilk...


Tags




Comments


Write Your Comment Here





Max comment length: 100 words; Please don't use bad language otherwise your comment will be removed









Related News


5 Possible Things To Anticipate On WWE SmackDown On February 16, 2024 WWE News
5 Possible Things To Anticipate On WWE SmackDown On February 16, 2024
Sonya Deville Shares Progress Update On ACL Recovery WWE News
Sonya Deville Shares Progress Update On ACL Recovery
Drew McIntyre Comments About Testing Positive For COVID, Says He Is Asymptomatic WWE News
Drew McIntyre Comments About Testing Positive For COVID, Says He Is Asymptomatic
List Of All WWE Stars Released On September 21, 2023 WWE News
List Of All WWE Stars Released On September 21, 2023
WWE TLC: Tables, Ladders & Chairs 2020 Results: Winners, Matches, Venue, Attenda... WWE News
WWE TLC: Tables, Ladders & Chairs 2020 Results: Winners, Matches, Venue, Attenda...
Becomes The First Superstar To Compete In 9 PPV/PLE Matches Before Having A Matc... WWE News
Becomes The First Superstar To Compete In 9 PPV/PLE Matches Before Having A Matc...


Trending News


snlogo

Follow Us On Social Media: Sacnilk

Follow Us: Sacnilk Entertainment Account

Follow Us: Sacnilk Sports Account

Entertainment

Big News

Quick News

Recent News

Recent Movies

Upcoming Movies

Upcoming Birthdays

Recent Songs

Recent Movies Collection

Sports

Politics

Sports

Internet

India

Education

Feedback

About

Contact Us

T&C

Privacy Policy

Cancellation/Refund Policy

Are you a writer/blogger, Work with Us

© Sacnilk Technologies Pvt. Ltd. All Rights Reserved