Vince McMahon Working on Launching New Entertainment Company Update – Backstage WWE Reaction & Janel Grant’s Spokesperson Releases Statement

As noted before, former WWE and TKO Group Executive Chairman Vince McMahon is currently working on plans to launch a new entertainment company.

Fightful Select reported that their sources with knowledge of the situation stated that this new business venture is not supposed to be anything close to resembling a wrestling promotion. Those spoken to stated that “it’s not out of the realm of possibility” that McMahon’s new company could finance something that is wrestling related but this is not expected.

It was reported that those who worked close to McMahon had theories as early as two months ago that he was working on a new business venture. The reason for this belief reportedly was due to some of the people who left WWE had already secured positions for their post-WWE careers and they would not have left unless they had something new lined up with McMahon.

WWE talents spoken to reportedly stated that they had no knowledge of McMahon’s plans to start a new entertainment company nor had they been contacted about it.

It was reported that within the entertainment industry, the current feeling is one of skepticism over McMahon’s new company coming to fruition. One actor spoken to reportedly stated “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.”

It was also reported that several individuals within the entertainment industry had been interviewed by McMahon’s new entertainment group for potential upcoming projects. It was also reported that details regarding these talks and projects are currently not known.

Janel Grant’s spokesperson recently released an official statement regarding the reports of McMahon planning to launch a new business venture.

“Both on and off the camera, Vince McMahon has built a reputation for his violent outbursts, sexual deviance, manipulation, and abuse. No one who cares about survivors and justice should want to work for or with any company of McMahon’s. He needs to be held accountable for the heinous acts he committed against Janel Grant and others at WWE.”

The spokesperson for Janel Grant, a former @WWE employee and sexual assault survivor, reacts to reports that @VinceMcMahon is launching a new company. Read @kabarkoff full statement below: pic.twitter.com/saiSgLmuQ8

— WWE Survivors (@WWESurvivors) October 30, 2024