Vince McMahon, After Quitting TKO Board, Is Selling $311 Million in Stock Back to Company and Endeavor

Todd Spangler NY Digital Editor Anthony Wood, founder and CEO of Roku, had a pay package worth just over $20.2 million in 2023, while Roku’s media boss, Charlie Collier, received $6.8 million in salary. Wood’s compensation last year included salary of $1.2 million, stock awards worth $7.57 million and stock option awards ​valued at $11.43 million.

Todd Spangler NY Digital Editor Brian Roberts, chairman and CEO of Comcast, had a compensation package worth $35.47 million in 2023, as he saw his pay rise 11% from the year prior. Roberts, who oversees the cable giant and NBCUniversal, last year had a salary of $2.5 million, stock awards worth $15 million, stock options worth $9.2 million and a $8.55 million cash incentive bonus. In 2022, his compensation totaled about $32.1 million.

Todd Spangler NY Digital Editor Ari Emanuel, in his capacity as CEO of TKO Group Holdings — the parent company of UFC and WWE — had a compensation package last year that hit nearly $65 million. TKO granted Emanuel, who also is CEO of Endeavor, a base salary of $911,538, plus a $24 million cash bonus and stock awards worth $40 million in 2023, per a regulatory filing by TKO. All told, the exec’s pay package totaled $64.91 million.

Ari Emanuel, CEO of TKO Group as well as the soon-to-be-private Endeavor, saw a pay package valued at $64.9 million in 2023 as CE0 of TKO Group, the home of WWE and UFC. TKO is a relatively new company that started trading on the New York Stock Exchange last September.

Todd Spangler NY Digital Editor The U.S. Senate voted Tuesday to approve a bill that would ban TikTok nationwide unless Chinese parent company ByteDance sells its stake in the popular app. The development will likely result in a court battle between the U.S.

Todd Spangler NY Digital Editor Spotify reeled in fewer new users overall than it expected in the first quarter of 2024, but the audio-streaming giant touted “record strength” in profitability. Total monthly active users (free and paid) grew 19% year over year to 615 million, a gain of 13 million from the previous quarter — which missed its guidance by 3 million. Spotify said “moderated marketing activity” led to “more normalized growth” following 2023’s record performance (when it added 26 million new MAUs in Q1).

Todd Spangler NY Digital Editor A media consultant sued Chicken Soup for the Soul Entertainment, alleging he is owed “at least several million dollars” for work he did related to the company’s $370 million acquisition in 2022 of Redbox, the DVD kiosk and streaming company. Keith Knee, described in his legal complaint as an advisory and consulting services professional in the media industry, filed suit against Chicken Soup for the Soul Entertainment on Friday, April 19, in the U.S. District Court for the Southern District of New York.

Todd Spangler NY Digital Editor Netflix co-CEO Ted Sarandos earned a bit less in 2023 than the year before — but he still had pay package worth $49.8 million. That was down from $50.3 million for Sarandos in 2022, according to Netflix’s proxy statement filed Thursday.

Todd Spangler NY Digital Editor U.S. lawmakers have moved closer to enacting a countrywide ban on TikTok. Last month, the House of Representatives passed a bill by a wide margin that would ban distribution of TikTok in U.S.

Todd Spangler NY Digital Editor Max Cutler sold Parcast Studios, his scripted-audio entertainment start-up, to Spotify in 2019 under a deal in which Spotify ultimately paid nearly $90 million. Cutler went on to become Spotify’s VP, head of talk creator content and partnerships — inking exclusive licensing deals with podcasters including Alex Cooper, Emma Chamberlain and Markiplier, and managing the company’s partnership with “The Joe Rogan Experience” — before exiting last year. Now Cutler is back in the game with the launch of Pave Studios.

Todd Spangler NY Digital Editor TikTok inked a partnership with ticketing provider AXS to let users of the popular video app discover and buy tickets to live events. The feature is going live initially in the U.S., U.K., Sweden and Australia, with additional markets to follow at an undetermined date. Now, any certified artist on TikTok can use the in-app ticketing feature to promote their AXS live dates, according to the company.

Todd Spangler NY Digital Editor Spotter, which provides capital, services and software aimed at helping creators and brands grow their online businesses, hired former Adobe Systems and Microsoft exec Ivo Manolov as chief technology officer. In the CTO role, Manolov will be responsible for leading all technology with a focus on launching Spotter’s suite of AI-powered software tailored to YouTubers.

Todd Spangler NY Digital Editor Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. According to the votes disclosed in an SEC filing Tuesday, nine of the Disney-backed director candidates received more than 90% of the shares voted in their favor.

More of former TKO Group Executive Chairman Vince McMahon‘s large stake in the company is changing hands, with Endeavor and TKO agreeing to buy a combined $311.2 million of his stock.

Michaela Zee Stephanie McMahon opened the second night of WrestleMania 40 during a surprise appearance Sunday in Philadelphia’s Lincoln Financial Field. “Every WrestleMania is special for its own reason,” Stephanie McMahon told the crowd at the WWE event. “But I think Wrestlemania 40 might be the one I am most proud of, because this is the first WrestleMania of the Paul Levesque era.” Her husband Levesque, also known by his ring name Triple H, is the chief content officer and head of creative at WWE.

Todd Spangler NY Digital Editor Trian Partners founder Nelson Peltz has accepted defeat — for now. Peltz, a day after the activist investor lost a costly proxy battle with Disney, went on CNBC’s “Squawk on the Street,” Thursday to discuss what happened. “The shareholders have voted.

Todd Spangler NY Digital Editor A day after Disney declared victory over activist investor Nelson Peltz, CEO Bob Iger said the board is proceeding with “urgency” in trying to identify the next chief executive with the “distraction” of the proxy fight over. “This was decisive in terms of how shareholders voted,” Iger said in an appearance Thursday morning on CNBC from Disney’s Burbank, Calif., headquarters, about the results of the April 3 meeting. Succession “is the board’s No.

Todd Spangler NY Digital Editor Patrick Whitesell, executive chairman of WME parent Endeavor, is launching a new media company backed by Silver Lake as part of the private-equity firm’s deal to take Endeavor private. Silver Lake will invest $250 million of seed equity into a new business to be founded, managed and controlled by Whitesell, according to an Endeavor SEC filing Wednesday.

Todd Spangler NY Digital Editor Disney and CEO Bob Iger have pulled into the lead for their 12 board candidates to win reelection — with activist investor Nelson Peltz trailing — with more than half of shareholder votes cast ahead of the Mouse House’s April 3 annual meeting, according to the Wall Street Journal. Two of Disney’s institutional investors — BlackRock (which owns about 4.2% of outstanding shares) and T. Rowe Price (0.5%) — support the company’s own slate of directors, which include Iger, per the Journal, citing anonymous sources.

Todd Spangler NY Digital Editor Steven Miron and Steven Newhouse resigned from the Warner Bros. Discovery board after the Justice Department informed them it was investigating “whether their service on the Board of Directors violated Section 8 of the Clayton Antitrust Act,” the company announced Monday. Miron, CEO of media company Advance/Newhouse Partnership and a senior executive officer at the Newhouse family’s investment business Advance, and Newhouse, co-president of Advance, were both independent directors of Warner Bros.