NEW YORK & STAMFORD, Conn.–(BUSINESS WIRE)–WWE (NYSE: WWE) and Authentic Brands Group, LLC (ABG) today announced a joint venture for Tapout™, a newly repositioned fitness lifestyle brand. Tapout™ is now the official fitness and training partner of WWE, and will be integrated across WWE’s global platforms including TV programming, WWE Network, pay-per-view broadcasts, live events, digital, and social media.
“WWE is always looking for new opportunities to partner with best-in-class organizations, develop new products for our fans and drive shareholder value”
“Tapout was ABG’s first acquisition and it continues to be a global brand with strong sales and blue chip partners all over the world. We have a very strong commitment to the brand’s ongoing success,” said Jamie Salter, Chairman and Chief Executive Officer of ABG. “WWE is a media and entertainment force and we are excited to partner with them on Tapout’s future growth.”
“WWE is always looking for new opportunities to partner with best-in-class organizations, develop new products for our fans and drive shareholder value,” said WWE Chairman & CEO Vince McMahon. “This joint venture aligns with our strategic approach, and we look forward to building the Tapout brand.” (more…)