CNN Article Claims WBD Owns Minority Stake In AEW

Reported details on Warner Bros Discovery owning a stake in AEW.

According to a CNN article by Michael Ballaban, WBD owns a minority stake in AEW.

Ballaban writes, “The embrace of contemporary issues is part of a larger, politically shaded rivalry playing out in the industry, between the 7-year-old AEW and the industry’s ruling juggernaut for generations, WWE (Warner Bros. Discovery, CNN’s parent corporation, owns a minority stake in AEW).”

No further details were given in the article, which is centered on the politics of AEW and WWE.

On January 20, Tony Maglio of The Hollywood Reporter had a feature article regarding the future of AEW programming with the pending sale of WBD to Netflix.

In the article, Maglio wrote, “Though WBD and AEW will never say this aloud — because at a less than 10 percent stake, they don’t legally have to — WBD owns a minority position in the latter. That position will remain with the Global Linear Networks piece following the split and spin and the close of the Warner Bros. sale to Netflix, a source tells The Hollywood Reporter. All Elite Wrestling is majority owned by Tony Khan, the son of Jacksonville Jaguars billionaire-owner Shahid Khan.”

Tony Khan has previously said that he has 100% voting stock and 100% decision making in the company.

Khan said in September 2023, “As for them and their stake in the business, that is something that would be between us, but I would also be open to that, to Warner Brothers in a future deal, having a piece or a bigger piece, potentially, but I would always want to maintain 100% voting control, as I have now, and want to maintain the majority of stock, which I have now.”

It has not been confirmed that WBD has stake, or how much stake they have, in AEW.

Fans can read about AEW TV not moving to Netflix if and when the WBD-Netflix deal goes through by clicking here.