As previously reported, Vince McMahon, the former WWE Chairman and TKO executive, is gearing up for his next business venture, which is being described as an “entertainment hub company.” This new enterprise aims to finance, develop, and produce both film and television projects and will be based in the Los Angeles area. Fightful Select has provided additional insights into McMahon’s plans and the reactions within WWE.
According to sources familiar with the situation, this new business is not intended to resemble a wrestling promotion. However, it’s noted that while it’s unlikely, there’s a possibility the company could finance projects related to wrestling. Speculation about McMahon’s next move had been circulating for months, especially among those who worked closely with him. Some former WWE employees left secure positions, suggesting they might have had a new venture with McMahon in the works.
WWE talent reportedly expressed surprise when informed about McMahon’s plans, indicating they hadn’t been made aware or contacted regarding the new entertainment company. Within the entertainment industry, there is skepticism about the feasibility of McMahon’s venture. One actor remarked, “I find it hard to believe that anyone would attach themselves to this company considering his background, but there are plenty of people who just don’t care and are desperate to get their project off the ground. I can’t imagine anything actually getting done until his lawsuit is settled.”
The report also mentions that McMahon’s new entertainment group has been interviewing individuals for potential projects, though specific details remain sparse.
Earlier this year, McMahon resigned from his position as Executive Chairman of the Board of WWE’s parent company, TKO Group Holdings, following serious allegations and a civil lawsuit from former WWE employee Janel Grant, which includes claims of sex trafficking and sexual assault.
