"Dwayne 'The Rock' Johnson Secures Ownership of Trademark and Joins WWE Board"

Dwayne 'The Rock' Johnson secures the rights to his iconic wrestling nickname through a new agreement with WWE, and will join the board of TKO Group, the sports and entertainment company housing WWE and UFC. The name "The Rock" holds personal significance for Johnson, whose father was a WWE Hall of Famer. This marks Johnson's first time serving on the board of a publicly traded company, and his appointment reflects TKO's commitment to strategic growth initiatives. Additionally, TKO announced that WWE's "Raw" will move to Netflix as part of a major streaming deal worth over $5 billion, causing TKO Group's shares to surge more than 19% in morning trading.