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Dwayne Johnson Gets the Rights to the Name ‘The Rock’, Joins Board of WWE Owner TKO Group 

Dwayne Johnson. (AP)
Dwayne Johnson. (AP)
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Dwayne Johnson Gets the Rights to the Name ‘The Rock’, Joins Board of WWE Owner TKO Group 

Dwayne Johnson. (AP)
Dwayne Johnson. (AP)

It is a name that has become almost synonymous with professional wrestling but its bearer, Dwayne Johnson, has never legally owned "The Rock."

That will change under a new agreement with the WWE under which Johnson will also join the board of TKO Group, the sports and entertainment company that houses WWE and UFC.

"The Rock" is a name derived from Johnson's father, WWE Hall of Famer Rocky Johnson, who was the first Black champion in WWE history (alongside partner Tony Atlas), according to the WWE.

Johnson, a movie and wrestling star, has a business portfolio that includes production company Seven Bucks Productions, energy drink company ZOA Energy, Project Rock apparel brand and the United Football League.

"I am thrilled to partner with Dwayne and welcome his immense talent to TKO’s Board," TKO CEO Ariel Emanuel said in a prepared statement. "Dwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for TKO."

TKO Group Holdings Inc. says Johnson's board appointment, effective Tuesday, reflects its "commitment to delivering long-term value and strong performance for shareholders through strategic growth initiatives across both UFC and WWE."

Johnson began his wrestling career with WWE in 1996. He has recently appeared on World Wrestling Entertainment Inc.'s "Smackdown" and "Raw" television programs, with rumors swirling that he may compete at this year's WrestleMania.

"I’m very motivated to help continue to globally expand our TKO, WWE, and UFC businesses as the worldwide leaders in sports and entertainment — while proudly representing so many phenomenal athletes and performers who show up every day putting in the hard work with their own two hands to make their dreams come true and deliver for our audiences," Johnson said in a prepared statement. "I’ve been there, I’m still there and this is for them."

TKO also announced Tuesday that Brad Keywell will become a board member. Keywell has co-founded and led multiple companies, including Groupon, Echo Global Logistics, MediaOcean, and Uptake Technologies, where he is currently founder and executive chairman.

The additions of Johnson and Keywell will increase TKO's board from 11 to 13 members.

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Entertainment

‘Kraven the Hunter’ Flops while ‘Moana 2’ Tops Box Office Again

This image released by Disney shows the character Moana, voiced by Auli'i Cravalho, in a scene from "Moana 2." (Disney via AP)
This image released by Disney shows the character Moana, voiced by Auli'i Cravalho, in a scene from "Moana 2." (Disney via AP)
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‘Kraven the Hunter’ Flops while ‘Moana 2’ Tops Box Office Again

This image released by Disney shows the character Moana, voiced by Auli'i Cravalho, in a scene from "Moana 2." (Disney via AP)
This image released by Disney shows the character Moana, voiced by Auli'i Cravalho, in a scene from "Moana 2." (Disney via AP)

The Spider-Man spinoff “Kraven the Hunter” got off to a disastrous start in North American theaters this weekend.
The movie starring Aaron Taylor-Johnson earned only $11 million, according to studio estimates Sunday, making it one of the worst openings for a Marvel-adjacent property. Its box office take was even less than the film “Madame Web,” The Associated Press reported.
The weekend's other major studio release was Warner Bros.’ animated “The Lord of the Rings: The War of the Rohirrim,” which made $4.6 million. Made for about $30 million, the movie is set 183 years before the events of “The Lord of the Rings” films and was fast-tracked to ensure New Line did not lose the rights to Tolkien’s novels. Peter Jackson, Fran Walsh and Philippa Boyens have been working on future live-action films for the franchise.
Meanwhile, the top of the charts again belonged to “Moana 2" and “Wicked.”
“Moana” added $26.6 million to its domestic total in its third weekend and $57.2 million internationally, bringing its global tally to $717 million. It's now the fourth highest grossing film of the year, surpassing “Dune: Part Two."
“Wicked,” which is in its fourth weekend, brought in another $22.5 million to take second place. The Universal musical has made over $359 million domestically and over $500 million worldwide.
“Gladiator II” also made $7.8 million, bringing its domestic total to $145.9 million in four weeks.
“Kraven the Hunter” is the latest misfire from Sony in its attempt to mine the Spider-Man universe for spin-off franchises without the lucrative web slinger himself. “Kraven” joins “Madame Web” and “Morbius” in franchise additions that fell flat with both audiences and critics. The one exception on this rollercoaster journey has been the “Venom” trilogy, which has made over $1.8 billion worldwide.
The R-rated “Kraven the Hunter” was directed by J.C. Chandor and faced a number of delays, partly due to the Hollywood strikes. It was shot nearly three years ago and originally slated to hit theaters in January 2023. The film cost a reported $110 million to produce and was co-financed by TSG. Internationally, it made $15 million, but its potential for longevity appears limited: It currently carries a 15% “fresh” rating on Rotten Tomatoes and got a C grade on CinemaScore from opening weekend audiences.
“It’s not always a guarantee that you’ll be able to connect with audiences when you have a spinoff character," said Paul Dergarabedian, the senior media analyst for Comscore. “General audiences seem to want to know exactly what they’re getting.”
Several awards contenders opened in limited release over the weekend, including Paramount’s “September 5” about ABC's coverage of the Munich Olympics hostage crisis. Amazon MGM and Orion's “Nickel Boys,” based on Colson Whitehead’s Pulitzer-winner about an abusive reform school in Florida, opened in two theaters in New York. It averaged $30,422 per screen and will be expanding to Los Angeles before going nationwide in the coming weeks.
The box office has seen a dramatic recovery since June, when it was down nearly 28% from the previous year. The deficit now stands at 4.8%.
Final domestic figures will be released Monday.