The Rock has been appointed to the board of directors of TKO, the public company that owns the WWE and UFC. TKO made the massive announcement of the appointment on Tuesday morning. The Rock also appeared to sign a talent deal.
– WWE entered into an Independent Services Contract with the Rock
– Based on the Services
contract, Rock is entitled to $30M in TKO stock which will be paid through end of 2025I’m just speculating based on the payment schedule, but did Rock sign a 2 year talent deal here? pic.twitter.com/f1MBbbe3kb
— Abdul A. (@AbdulBCRT) January 23, 2024
In addition, the company is granting him full ownership of his trademarked in-ring name The Rock, with the actor and entrepreneur inking a services and merchandising agreement with the company.
Per an SEC filing, TKO will award Johnson a stock award valued at $30 million in connection with the agreement, vesting over time. Johnson will also still be able to collect royalties in connection with sales of The Rock merchandise.
It has come to light that WWE entered into an Independent Services Contract with the Rock. It is noted that based on the Services contract, Rock is entitled to $30M in TKO stock which will be paid through end of 2025
As reported by PWInsider, Dwayne Johnson and Ari Emanuel were scheduled to make an appearance on CNBC during the 9-10 AM hour to discuss the latest developments related to TKO Group Holding and WWE.
