In a recent development, the parent company of All Elite Wrestling (AEW) has been exposed in a lawsuit filed by former AEW announcer Kevin Kelly and former Ring of Honor talents, The Tate Twins. The lawsuit, which claims misclassification of talent and defamation, has brought to light that AEW's parent company is Beatnik Investments LLC.
Beatnik Investments LLC is owned by AEW owner Tony Khan and his sister, Shanna Khan. The disclosure statement, filed as part of the federal court requirement, also revealed that no publicly held corporation owns more than ten percent of AEW's shares.
This suggests that recent reports about Warner Bros. Discovery holding an equity stake in AEW are true, but the stake is less than ten percent.
The lawsuit has shed light on AEW's corporate structure and raised questions about the company's business practices. As the legal proceedings continue, fans and industry insiders alike are closely watching to see how this will impact AEW and its future operations.
What are your thoughts on this revelation?
