Dwayne Johnson, despite his retirement from the squared circle, remains one of the biggest personalities in the world of wrestling as well as in the entertainment industry. After his incredible triumph as a movie star and countless profitable business ventures, The Rock has secured another amazing victory as he has been named as one of the Board of Directors of TKO Group Holdings, Inc.
Formed by the merger of WWE and the UFC, TKO Group Holdings, Inc. owns two of the most significant companies in the world of sports and entertainment. Thus, Dwayne’s assent to a board member marks a crucial step in his life and family history, since his family has played a pivotal part in the field of wrestling and continues to do so.
Dwayne Johnson Appointed As A TKO Board Member
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Ever since he first entered the world of wrestling in 1996, Dwayne Johnson has only continued to soar and build up a career that nobody could have dreamt of. Now worth over $800 million, he has built up no less than an empire stemming from his prolific career as a professional wrestler, a groundbreaking Hollywood star, and numerous successful entrepreneurship ventures (via Celebrity Net Worth).
Despite it all, the actor continues to give back to the world of professional wrestling, and his ascent to a TKO Board Member marks a pivotal step in his career and life. The wrestling and cinema industry juggernaut who was just announced as a board member, couldn’t be happier and stated (via Variety),
“My grandfather, High Chief Peter Maivia, and my dad, Rocky ‘Soulman’ Johnson, would’ve never thought this day would come. Which is why I’m very humbled to have a seat at the table that has decades of history and family legacy for me. A table that my family helped to build. “
As fans and family applaud his contributions and recent achievements, the CEO of TKO Ariel Emanuel hopes the actor’s involvement will help play a revolutionary role in achieving the organization’s goals and ambitions.
What Will Be Dwayne Johnson’s Responsibilities As A TKO Board Member Following Merger
TKO Group Holdings, Inc. is a premium sports and entertainment company, that owns and controls two of the most integral sports and entertainment organizations in the world, aka World Wrestling Entertainment, Inc. (WWE) and Ultimate Fighting Championship (UFC) (via TKO). After the merger of the WWE and UFC, TKO was born, marking the first time WWE wasn’t controlled primarily by the McMahon Family (via Variety).
With Dwayne Johnson becoming one of the board members, he is sure to be entrusted with certain roles and responsibilities for he is surely one of the most popular wrestlers emerging from WWE. Although details of the deals haven’t been revealed yet, Johnson remarked (via Variety),
“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…”
As well as a Board Member, Variety reports Johnson has also entered into an agreement involving service and merchandising with WWE. Expected to provide licensing, promotional as well as other services he has also assumed full ownership of his wrestling name The Rock which was previously owned by WWE.
Furthermore, TKO will be awarding the actor a stock award valuing $30 million as per the agreement and will allow him to collect any royalties originating from the sales of The Rock merchandise (via The Hollywood Reporter). As he takes on his new role, Johnson is also rumored to make a return in WrestleMania 40, his first proper wrestling match since 2013.
