WWE (NYSE: WWE) today announced a multi-year partnership with
INFLCR, a Teamworks product and industry leading brand building,
content and name, image and likeness (“NIL”) business management
platform for college athletes, to increase the scope and scale of
WWE’s NIL program called “Next In Line™”.
Through the partnership, WWE will leverage INFLCR’s technology
and alliances with more than 200 NCAA Division 1 colleges and
universities to reach thousands of INFLCR student-athletes looking
to monetize their name, image and likeness. Together, WWE and
INFLCR will innovate how student-athletes engage with the WWE brand
while maintaining their NCAA eligibility.
WWE launched its official NIL (program in December 2021 to
establish a clear pathway from collegiate athletics to WWE. The
inaugural 15-person NIL class, which included athletes from 13
universities, seven NCAA conferences and four sports, joined the
program’s first-ever signee, Olympic gold medalist Gable Steveson.
The comprehensive program serves to recruit and develop potential
future WWE Superstars, and further enhances WWE’s talent
development process through collaborative partnerships with college
athletes from diverse athletic backgrounds.
“We are excited about the opportunities that this partnership
with INFLCR will create as we continue to expand our Next In Line
program and identify student-athletes with an interest in becoming
WWE Superstars,” said Paul Levesque, WWE Executive Vice President,
Global Talent Strategy & Development. “The Next In Line program
is a unique opportunity that creates a clear pathway into WWE and
partnering with INFLCR will help to bolster our efforts and
resources in the NIL space.”
INFLCR’s recently-launched Global Exchange product will allow
WWE to connect and execute directly with student-athletes across a
myriad of sports backgrounds. The platform provides all parties a
frictionless experience through streamlining communications and
processes associated with NIL partnerships within a single
ecosystem.
“INFLCR’s partnership with WWE opens a new door for the way
student-athletes interact with companies looking to provide
monetization opportunities,” said INFLCR Founder Jim Cavale. “The
technology offers a seamless experience for both WWE and
student-athletes in a safe and compliant environment.”
Learn more about the “Next In Line” program at
wwerecruit.com/nil and INFLCR at inflcr.com.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated
media organization and recognized leader in global entertainment.
The Company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE
is committed to family-friendly entertainment on its television
programming, premium live event, digital media and publishing
platforms. WWE’s TV-PG programming can be seen in more than 1
billion homes worldwide in 30 languages through world-class
distribution partners including NBCUniversal, FOX Sports, BT Sport,
Sony India and Rogers. The award-winning WWE Network includes all
premium live events, scheduled programming and a massive
video-on-demand library and is currently available in more than 180
countries. In the United States, NBCUniversal’s streaming service,
Peacock, is the exclusive home to WWE Network.
Additional information on WWE (NYSE: WWE) can be found at
wwe.com and corporate.wwe.com.
About INFLCR
INFLCR, a Teamworks product, is the leading athlete
brand-building and NIL business management app for elite athletic
organizations. The INFLCR athlete app educates collegiate
student-athletes, coaches and staff for the NIL era in a safe and
compliant environment, all powered by best-in-class content
delivery for student-athletes to access and share content to their
social media channels. INFLCR works with more than 4,000 collegiate
and professional sports teams with a network of over 75,000 athlete
users.
Impactful new features like the INFLCR Local & Global
Exchange, provide local and national companies with the ability to
find, communicate, pay, and report NIL transactions with collegiate
student-athletes, maximizing their NIL earning potential with
streamlined reporting for their institution and their personal tax
returns.
Trademarks: All WWE programming,
talent names, images, likenesses, slogans, wrestling moves,
trademarks, logos and copyrights are the exclusive property of WWE
and its subsidiaries. All other trademarks, logos and copyrights
are the property of their respective owners.
Forward-Looking Statements: This
press release contains forward-looking statements pursuant to the
safe harbor provisions of the Securities Litigation Reform Act of
1995, which are subject to various risks and uncertainties. These
risks and uncertainties include, without limitation, risks relating
to: the impact of the COVID-19 outbreak on our business, results of
operations and financial condition; entering, maintaining and
renewing major distribution agreements; a rapidly evolving media
landscape; WWE Network (including the risk that we are unable to
attract, retain and renew subscribers); our need to continue to
develop creative and entertaining programs and events; the
possibility of a decline in the popularity of our brand of sports
entertainment; the continued importance of key performers and the
services of Vincent K. McMahon; possible adverse changes in the
regulatory atmosphere and related private sector initiatives; the
highly competitive, rapidly changing and increasingly fragmented
nature of the markets in which we operate and greater financial
resources or marketplace presence of many of our competitors;
uncertainties associated with international markets including
possible disruptions and reputational risks; our difficulty or
inability to promote and conduct our live events and/or other
businesses if we do not comply with applicable regulations; our
dependence on our intellectual property rights, our need to protect
those rights, and the risks of our infringement of others’
intellectual property rights; the complexity of our rights
agreements across distribution mechanisms and geographical areas;
potential substantial liability in the event of accidents or
injuries occurring during our physically demanding events including
without limitation, claims alleging traumatic brain injury; large
public events as well as travel to and from such events; our
feature film business; our expansion into new or complementary
businesses and/or strategic investments; our computer systems and
online operations; privacy norms and regulations; a possible
decline in general economic conditions and disruption in financial
markets; our accounts receivable; our indebtedness including our
convertible notes; litigation; our potential failure to meet market
expectations for our financial performance, which could adversely
affect our stock; Vincent K. McMahon exercises control over our
affairs, and his interests may conflict with the holders of our
Class A common stock; a substantial number of shares are eligible
for sale by the McMahons and the sale, or the perception of
possible sales, of those shares could lower our stock price; and
the volatility of our Class A common stock. In addition, our
dividend is dependent on a number of factors, including, among
other things, our liquidity and historical and projected cash flow,
strategic plan (including alternative uses of capital), our
financial results and condition, contractual and legal restrictions
on the payment of dividends (including under our revolving credit
facility), general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant.
Forward-looking statements made by the Company speak only as of the
date made and are subject to change without any obligation on the
part of the Company to update or revise them. Undue reliance should
not be placed on these statements. For more information about risks
and uncertainties associated with the Company’s business, please
refer to the “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Risk Factors” sections of
the Company’s SEC filings, including, but not limited to, our
annual report on Form 10-K and quarterly reports on Form 10-Q.
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version on businesswire.com: https://www.businesswire.com/news/home/20220315005964/en/
WWE Media Contact Greg
Domino 973-620-1025 Greg.Domino@wwecorp.com
WWE Investor Contact Seth
Zaslow 203-352-1026 Seth.Zaslow@wwecorp.com
INFLCR Media Contact Steve
Delsohn 805-358-3318 steve@delsohn.com
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