Vince McMahon retired from WWE, and most fans think that Triple H is doing a great job with creative so far. It appears that WWE might be preparing us for the opposite.
Triple H has brought back several Superstars that McMahon fired. He is also freshening things up, and ratings are higher than when Mr. McMahon was calling the shots. This might be a good thing now, but that doesn’t mean it will always be this good.
In the company’s latest SEC filing, WWE stated that Vince McMahon’s retirement could have a negative effect on the company’s ability to make characters and new storylines.
The resignation of Vincent K. McMahon could adversely affect our ability to create popular characters and creative storylines or could otherwise adversely affect our operating results.
Until he resigned from all positions held with the Company on July 22, 2022, in addition to serving as Chairman of our Board of Directors and Chief Executive Officer, Mr. McMahon led the creative team that develops the storylines and the characters for our programming (including our television, WWE Network and other programming) and live events. On July 22, 2022, the Board appointed Stephanie McMahon, at that time Chief Brand Officer, interim Chief Executive Officer, interim Chairwoman and a director of the Company, and Nick Khan, at that time President, Chief Revenue Officer and a director of the Company, to serve as the Company’s co-Chief Executive Officers. The Board has also appointed Stephanie McMahon to serve as the Company’s Chairwoman. Furthermore, in the wake of Mr. McMahon’s departure, our creative effort will be led by Paul Levesque, the Company’s Executive Vice President, Talent Relations and Creative and Ms. McMahon’s husband, who has decades of experience in our Company and has been an important player in all aspects of our creative process, including television, talent and live events. Although Mr. Levesque has extensive practical experience with many of our revenue streams and, with Ms. McMahon, has been critically involved in our business transformation over the past several years as well as our continuing brand development, these collective changes at the top of our organization are extensive.”
This is an interesting thing to say in their filing, but WWE obviously had a reason for disclosing that little warning. Things are not the same without Vince McMahon, that’s for sure. We will have to see if the fan response will help WWE prove to their investors that they made the right move by putting Triple H in control.
What’s your take on this story? Sound off in the comments!