In an update on WWE Chairman & CEO Vince McMahon possibly reviving a football league, Vince McMahon’s Alpha Entertainment, which is a separate entity away from the WWE, filed for five trademarks last week in regards to the XFL with the United States Patent and Trademark Office (USPTO), according to a report from ESPN Business Reporter Darren Rowell whose comments came shortly after hours trading, where WWE stock reached as high as $33.28, closed at $31.87, but dropped to $30.75 in after hours trading, which only occurs when Wall Street perceives that bad news may have occured.
In a statement, announcing that Vince McMahon had sold 3.34 million shares of WWE stock to help fund his new Alpha Entertainment company, WWE had the following to say, “On December 21, 2017, Vincent K. McMahon (“Mr. McMahon”), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc. (the “Company”), sold 3,340,000 shares of the company’s Class A common stock in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933, as amended. Mr. McMahon executed the sale primarily to fund a separate entity from the Company, Alpha Entertainment LLC, which Mr. McMahon established to explore investment opportunities across the sports and entertainment landscapes, including professional football. Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future. The shares sold by Mr. McMahon represent approximately 4.3% of the Company’s total outstanding shares of Class A and Class B common stock. After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company’s Class B common stock, which represents approximately 82.8% of the Company’s total voting power and approximately 41.8% of the Company’s total outstanding shares of common stock.”
For those wondering, Alpha Entertainment’s filngs for the five trademarks were applied on December 16th and are in relation to the following below:
– Entertainment services in the nature of professional football games and exhibitions; providing sports and entertainment information via a global computer network, mobile applications, commercial on-line computer service or by cable, satellite, television and radio; arranging and conducting athletic competitions, namely, professional football games and exhibitions; production and distribution of radio and television programs in the field of sports; entertainment services in the nature of live shows featuring football games, exhibitions, competitions, and musical and dance performances; sporting activities, namely, football skills competitions and showcases; distribution of television programming to cable and satellite television systems; distribution of television programs for others; entertainment services, namely, a continuing subscription video program in the field of sports broadcast over the internet; Entertainment services, namely, a continuing subscription audio program in the field of football broadcast over the internet; Entertainment services, namely, providing online electronic games; football fan club services; providing a web site featuring sports news and entertainment news; Entertainment services in the nature of a fantasy football game; mail order, on line retail store services and mail order catalog services, all featuring general consumer merchandise related to sports and sports teams; television broadcasting services; television transmission services; distribution of television programming to cable and satellite television systems; distribution of television programs for others; cable television broadcasting; radio broadcasting; broadcasting programming on the Internet; information transmission via electronic communications networks; transmission of information through video communication systems; communication services, namely, audio and video broadcasting; broadcasting services and provision of telecommunication access to video and audio content provided via a video on demand service via the Internet and television; streaming of audio material on the Internet; streaming of video material on the Internet; telecommunication services, namely, transmission of podcasts; electronic delivery of images and photos via a global computer network; providing multiple-user access to a global computer information network for the purpose of participating in interactive polling in the field of football; wireless communications services, namely, transmission of text, graphics, data, and entertainment information to mobile phones; mobile media services in the nature of electronic transmission of entertainment media content.
– Downloadable software in the nature of mobile applications for displaying information relating to football exhibitions, football schedules, media guides, audio and visual recordings relating to football; football helmets, protective helmets, sports helmets, cell phone covers, magnetic coded charge cards, decorative magnets, prerecorded compact discs and DVDs featuring the sport of football, video games and computer game software, computer mouse pads, sunglasses, eyeglass cases, downloadable ring tones, graphics and music via a global computer network and wireless devices, decorative refrigerator magnets, video and computer game tapes, video and computer game discs, video and computer game cassettes, video and computer game cartridges, video and computer game CD-roms, cinematographic and television films, namely, motion picture films in the nature of football.
– Toys and sporting goods, namely, plush toys, stuffed animals, toy action figures, toy action figure accessories, cases for action figures, playsets for use with action figures, toy vehicles, dolls, sports balls, golf bags, golf club covers, footballs, board games relating to football, playing cards, jigsaw puzzles, billiard balls, dart boards, playing cards, miniature helmets, toy helmets, toy foam hands, hand-held units for playing electronic game other than those adopted for use with an electronic display screen or monitor, tabletop action skill games; construction toys, Christmas tree decorations; toy spinning tops; arcade games, kites, bobble-head dolls, puppets, card games, toy guitars, toy water guns, doll furniture, party favors in the nature of crackers and noisemakers, skateboards, toy scooters paper party favors.
– Posters, calendars, pictorial prints, series of books relating to football, magazines relating to football, stickers, bumper stickers, printed tickets to sports games and events, souvenir programs for sports events, trading cards, notepads, pictorial prints, picture postcards, art pictures, stationery, pens and pencils, printed collectible cards, collectible card and memorabilia holders, Cardboard and paper hangtags; packaging, namely, blister cards, paper for wrapping and packaging, collector albums for sticker collectables, stickers, sticker albums, collectable photos, photo albums, photographs, framed pictures, labels, namely, printed paper labels; folders, paper place mats, paper table mats, paper napkins, paper tablecloths, paper table linens, paper lunch bags, greeting cards, pictures, calendars, posters, decals, temporary tattoo transfers, coloring books, children’s activity books, notebooks, memo pads, note pads, date books, address books, agenda books, markers, pens, pencils, calendars, pencil sharpeners, pencil cases, rubber stamps, stamp pads, chalk, paper banners, printed paper signs for doors, drawing rulers, erasers, rubber erasers, chalk erasers, blackboard erasers; bumper stickers, window decals, lithographs, paper party bags, paper party favors, stencils for tracing designs onto paper, paper gift wrap, paper cake decorations, paper, stationery, indoor ornaments of paper.
– Jewelry, watches, clocks, earrings, pins, bracelets, necklaces, charms, rings, collectible coins, commemorative coins, non-monetary coins of precious metal, pendants and key chains made of precious metal, charms in precious metals or coated therewith, costume jewelry, cuff links, tie clips, decorative boxes made of precious metal, charms, key chains of precious metals, lapel pins, medals, ornamental pins, precious metal trophies.