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As a Law Student who LEGIT JUST STARTED TO TAKE BUSINESS LAW TODAY, and a wrestling fan this is interesting.
We all know WWE's attempts to gain power and to squash competition in the market from signing everyone, creating what was known as "The Wednesday Night Wars," and etc. But that behaviour isn't necessarily at issue.
According to Fightful, Major League Wrestling (MLW) is taking legal action against WWE by interfering with MLW's contracts and business prospects.
The link to the article is right here, but I will copy and paste the legal statement below from MLW.
Full Fightful Article
"
Professional wrestling company Major League Wrestling (MLW) (MLW Media LLC), filed a lawsuit today against World Wrestling Entertainment, Inc. (WWE). The federal court antitrust lawsuit is based on WWE’s ongoing attempts to undermine competition in and monopolize the professional wrestling market by interfering with MLW’s contracts and business prospects.
As described in the complaint, WWE pressured third parties to abandon contracts and prospective relationships with MLW. WWE’s misconduct included disrupting every level of MLW’s business, including a major streaming deal for MLW which would have been transformative for the company.
MLW also allege in the complaint that in early 2021, after MLW announced that it was in talks with VICE TV to air MLW programs on VICE TV, a then-WWE executive warned VICE TV that WWE owner Vince McMahon was “pissed” that VICE TV was airing MLW programs, and that VICE TV should stop working with MLW, the VICE TV executive responded that WWE’s conduct was illegal and an antitrust violation, with the WWE executive responding that she could not control McMahon.
“WWE has been wrongfully depriving its competitors of critical opportunities for many years, but its latest conduct has been even more unconscionable,” said MLW CEO Court Bauer. “I think we speak for the rest of the professional wrestling world when we say that this anti-competitive behavior has to stop.”
WWE’s ongoing misconduct has hurt fans of professional wrestling and competition in the professional wrestling industry. Through this lawsuit, MLW seeks to recover its losses due to WWE’s interference and to enjoin WWE from future interference.
The case is captioned MLW Media LLC v. World Wrestling Entertainment, Inc. MLW is represented by Kasowitz Benson Torres LLP."
There was also previous claims of contract tampering, as discussed in the article.
So WWE, when they got word of Vice TV being in talks with MLW for TV, they interfered. Now for me, I'm literally just starting Business Law class and the farthest we have gotten into is "Hey, Corporations kinda suck." But this case, if pursued, can be interesting to how things will be seen in the Wrestling landscape with the continued competition between companies.