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Dwayne “The Rock” Johnson gets ownership rights to his nickname, joins TKO’s board
“The Rock” is a name that has become almost synonymous with professional wrestling, but its bearer, Dwayne Johnson, has never legally owned rights to it.
That is changing under a new agreement with the WWE under which Johnson will also join the board of TKO Group, the sports and entertainment company that houses WWE and UFC. Terms of the deal weren’t disclosed, but a statement from TKO said that WWE has entered a services and merchandising agreement with Johnson as part of the agreement.
Shares of TKO Group surged more than 22% before the market open.
“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. Dwayne Johnson parlayed his wrestling fame into a film career and a business portfolio that includes production company Seven Bucks Productions, tequila brand Teremana Tequila, energy drink company ZOA Energy, Project Rock apparel brand and the United Football League.
“I’m very motivated to help continue to globally expand our TKO, WWE and UFC businesses as the worldwide leaders in sports and entertainment — while proudly representing so many phenomenal athletes and performers who show up every day putting in the hard work with their own two hands to make their dreams come true and deliver for our audiences,” Johnson said in a prepared statement. “I’ve been there, I’m still there and this is for them.”
TKO Group Holdings Inc. says Johnson’s board appointment, effective Tuesday, reflects its “commitment to delivering long-term value and strong performance for shareholders through strategic growth initiatives across both UFC and WWE.”
The news about Johnson’s ownership of his nickname comes amid speculation that Johnson will return to WWE to compete against his cousin, current WWE Universal Champion Roman Reigns, according to Variety. It would mark Johnson’s first WWE match in eight years.
Third-generation wrestler
Johnson began his wrestling career with WWE in 1996. The third-generation wrestler became famous for rivalries with wrestlers including “Stone Cold” Steve Austin and Triple H and his finishing maneuver, The Rock Bottom, according to his biography on WWE’s website. He has won eight WWE championships, has a New York Times bestselling autobiography, “The Rock Says,” and starred in movies including “Fast X,” “Black Adam,” “Jungle Cruise” and “Jumanji: Welcome to the Jungle.”
Johnson has recently appeared on World Wrestling Entertainment Inc.’s “Smackdown” and “Raw” television programs.
“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. “Dwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for TKO.”
TKO also announced Tuesday that Brad Keywell will become a board member. Keywell has co-founded and led multiple companies, including Groupon, Echo Global Logistics, MediaOcean, and Uptake Technologies, where he is currently founder and executive chairman.
The additions of Johnson and Keywell will increase TKO’s board from 11 to 13 members.
There were no injuries after a Southwest flight carrying passengers was struck by gunfire on the tarmac of Dallas Love Field Friday night, authorities said.
Southwest Airlines Flight 2494 was preparing for departure to Indianapolis when “a bullet apparently struck the right side of the aircraft under the flight deck,” a Southwest spokesperson told CBS News in a statement.
The airline said no one was hurt. A spokesperson for Dallas Love Field said in an email that the aircraft returned to its gate after sustaining damage from a “security incident” and the passengers deplaned. The runway was also temporarily closed, but has since reopened.
Dallas police confirmed the incident, saying that officers responded to reports of gunfire at 9:48 p.m. local time, arriving to find that the aircraft had been struck.
No further details were provided on the circumstances of the incident or what was the potential source of the gunfire. It’s unclear how many people were aboard the jet at the time, or how much damage the aircraft sustained.
In its own statement provided to CBS News, the Federal Aviation Administration said that the plane “was reportedly struck by gunfire near the cockpit.”
Dallas police are leading the investigation into the incident.
Earlier this week, gunfire amid ongoing gang violence struck three planes that were either landing or departing Haiti’s capital of Port-au-Prince. The shootings prompted the FAA to issue a 30-day ban on U.S. airlines flying to Haiti.
Social media star Jake Paul defeated boxing legend Mike Tyson in a highly anticipated fight with an age difference of over three decades between the two contenders. The Friday night win for the YouTuber-turned-pro-boxer was streamed on Netflix from the home of the Dallas Cowboys in Texas.
Paul defeated Tyson by an unanimous decision after the two fighters went eight full rounds.
Fight night for the 58-year-old Tyson and 27-year-old Paul came following doubts over whether it would happen at all. The fight was originally scheduled for July, but was postponed after the former heavyweight champion experienced an ulcer flare-up on a plane in May.
A different kind of flare-up happened during the official weigh-in Thursday with Tyson slapping Paul in the face. Tyson later told the New York Post that Paul had stepped on his toe when the two were toe to toe onstage.
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What is Jake Paul’s fight record?
With the win, Paul’s record improved to 11-1.
Was Jake Paul predicted to win?
Oddsmakers had Paul as the slight favorite to win. Former heavyweight champ Anthony Joshua also went with Paul.
How much prize money does Jake Paul win?
Paul was expected to earn about $40 million from the fight, according to DraftKings Network and other online sources.
Promoters didn’t reveal the payouts ahead of the bout. Paul is a co-founder of Most Valuable Promotions, which produced the fight.
Does Mike Tyson still get paid?
Tyson was expected to take home around $20 million for the fight, according to DraftKings and other online reports.
Tyson entered professional boxing in 1985 and became the youngest heavyweight champion in history a year later. After serving time for a rape conviction in the 1990s, Tyson won the World Boxing Council and World Boxing Association titles.
He retired from boxing in 2005 and was inducted into the International Boxing Hall of Fame in 2011. He last fought in a 2020 exhibition match against former four-division world champ Roy Jones Jr.
“He like put on another 20 pounds from when I fought him, so he’s more bigger and he’s more dangerous because more size, more power, so it’s going to be a tough one for Jake to climb,” Jones told CBS News ahead of the fight.
Anne Marie Lee and
contributed to this report.
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