WWE Files Multi-Million Dollar Lawsuit Against Overseas Television Partner
– WWE has filed a multi-million dollar lawsuit against CTH, their TV partner in Malaysia and Thailand. Apparently the network has stopped paying their rights fees to WWE.
WWE signed a five-year deal that was to run from 2014 through 2018 for RAW, SmackDown, NXT, Superstars, Main Event, Bottom Line, Afterburn, Vintage Collection and This Week In WWE to air. The deal also included pay-per-view events.
The annual rights were to escalate after starting at $2.8 million in 2014, going to $3.64 million in 2015, then $4.55 million, then $5.69 million and finally $6.83 million for a total of $23.5 million.
Backstage Scoop on Vince McMahon & Neville, Rey Mysterio Back to WWE?, Vince Furious at Recent WWE Tweets, Big Backstage News on Heyman and WWE Changes, Surprising WWE Gimmick Change, Must See New AJ and Maryse and Lana Photos, Lots of New GIFs & Galleries, More
Source: Wrestling Observer Newsletter