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CNN Article Claims WBD Owns Minority Stake In AEW - Fightful

CNN Article Claims WBD Owns Minority Stake In AEW - Fightful | WWE News, AEW News, Pro Wrestling Backstage News

Reported details on Warner Bros Discovery owning a stake in AEW.

Quote from the article in question:

“The embrace of contemporary issues is part of a larger, politically shaded rivalry playing out in the industry, between the 7-year-old AEW and the industry’s ruling juggernaut for generations, WWE (Warner Bros. Discovery, CNN’s parent corporation, owns a minority stake in AEW).”

Fightful also quote an article from The Hollywood Reporter from last month about the future of AEW's shows with the pending WBD/ Netflix deal.

“Though WBD and AEW will never say this aloud — because at a less than 10 percent stake, they don’t legally have to — WBD owns a minority position in the latter. That position will remain with the Global Linear Networks piece following the split and spin and the close of the Warner Bros. sale to Netflix, a source tells The Hollywood Reporter. All Elite Wrestling is majority owned by Tony Khan, the son of Jacksonville Jaguars billionaire-owner Shahid Khan.”

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