In a follow up to the story yesterday regarding the edict coming down from Vince McMahon, WWE has issued a statement:
“Much like Disney and Warner Bros., WWE creates, promotes and invests in its intellectual property, i.e. the stage names of performers like The Fiend Bray Wyatt, Roman Reigns, Big E and Braun Strowman. It is the control and exploitation of these characters that allows WWE to drive revenue, which in turn enables the company to compensate performers at the highest levels in the sports entertainment industry. Notwithstanding the contractual language, it is imperative for the success of our company to protect our greatest assets and establish partnerships with third parties on a companywide basis, rather than at the individual level, which as a result will provide more value for all involved.”
This comes on the heels of a major fallout from those both formerly and presently in the company. We will continue our coverage as more information comes out.
Jason’s Jest: This is the weakest explanation/apology I have ever seen WWE put out regarding a major issue! They completely dodged the underlying issue of controlling and having rights to their real names! I’m disappointed right now this is the best they can come up with!