Tko Group Holdings, the parent company of UFC, disclosed that it will pay $335 million to settle two class-action lawsuits filed by former UFC fighters alleging the Mma promoter violated antitrust laws.
Zuffa, the predecessor entity that owned and operated UFC, was the defendant in five related class-action lawsuits filed between December 2014 and March 2015, which were consolidated into a single action in June 2015 (Le et al. v. Zuffa). An additional lawsuit, Johnson et al. v. Zuffa, was filed in 2021.
On March 13, 2024, Tko reached an agreement to settle all claims asserted in both class action lawsuits for a total of $335 million payable in installments over a period of time, the company disclosed in an SEC filing Wednesday. “The terms will be memorialized in a long-form agreement and then submitted to the court for approval,” Tko said, adding that it anticipates the settlement amount will be deductible for tax purposes.
The lawsuits alleged...
Zuffa, the predecessor entity that owned and operated UFC, was the defendant in five related class-action lawsuits filed between December 2014 and March 2015, which were consolidated into a single action in June 2015 (Le et al. v. Zuffa). An additional lawsuit, Johnson et al. v. Zuffa, was filed in 2021.
On March 13, 2024, Tko reached an agreement to settle all claims asserted in both class action lawsuits for a total of $335 million payable in installments over a period of time, the company disclosed in an SEC filing Wednesday. “The terms will be memorialized in a long-form agreement and then submitted to the court for approval,” Tko said, adding that it anticipates the settlement amount will be deductible for tax purposes.
The lawsuits alleged...
- 3/20/2024
- by Todd Spangler
- Variety Film + TV
wikipedia
The Ufc has introduced a deal with Reebok to have the sporting apparel company produce official uniforms for the Mma promotion, and fans and pundits alike are split on whether or not this is a good deal for fighters. Fighters themselves have stayed mostly quiet, with a few exceptions: Nate Diaz had a typically Diaz comment to make, that started with F— and ended with him calling them “b—- a– uniforms,” while retired Ufc vet Nate Quarry had lots to say about what a bad deal they were for fighters.
On the other hand, the Ufc is claiming that “almost all” the money from the rumoured 70 million over six year deal will go to fighters, and if you believe that number, then it might actual be great for fighters – until you look at the math behind the deal, and the multi-tiered payout system the Ufc has created.
So where does the truth lie?...
The Ufc has introduced a deal with Reebok to have the sporting apparel company produce official uniforms for the Mma promotion, and fans and pundits alike are split on whether or not this is a good deal for fighters. Fighters themselves have stayed mostly quiet, with a few exceptions: Nate Diaz had a typically Diaz comment to make, that started with F— and ended with him calling them “b—- a– uniforms,” while retired Ufc vet Nate Quarry had lots to say about what a bad deal they were for fighters.
On the other hand, the Ufc is claiming that “almost all” the money from the rumoured 70 million over six year deal will go to fighters, and if you believe that number, then it might actual be great for fighters – until you look at the math behind the deal, and the multi-tiered payout system the Ufc has created.
So where does the truth lie?...
- 12/22/2014
- by Jay Anderson
- Obsessed with Film
Jack Dempsey/AP
When Quinton “Rampage” Jackson signed with Bellator in 2013, it was huge news. Sure, Rampage was on an 0-3 skid in the Ufc and looked like he had lost his will to fight, coming in overweight and laying a goose egg in his beloved second home of Japan, and complaining about everything from money to having to face wrestlers who wouldn’t stand and trade punches with him (this from a guy who relied on solid wrestling early in his career), but he was still a big name that drew eyeballs. A guy who could headline fight cards.
So his defection to Bellator was huge, and huge for Bellator Mma. It also gave his career in the cage a boost: upon joining Bellator, Jackson quickly piled up three wins, knocking out Joey Beltran and former Bellator light heavyweight champion Christian M’Pumbu before winning a close decision over...
When Quinton “Rampage” Jackson signed with Bellator in 2013, it was huge news. Sure, Rampage was on an 0-3 skid in the Ufc and looked like he had lost his will to fight, coming in overweight and laying a goose egg in his beloved second home of Japan, and complaining about everything from money to having to face wrestlers who wouldn’t stand and trade punches with him (this from a guy who relied on solid wrestling early in his career), but he was still a big name that drew eyeballs. A guy who could headline fight cards.
So his defection to Bellator was huge, and huge for Bellator Mma. It also gave his career in the cage a boost: upon joining Bellator, Jackson quickly piled up three wins, knocking out Joey Beltran and former Bellator light heavyweight champion Christian M’Pumbu before winning a close decision over...
- 12/20/2014
- by Jay Anderson
- Obsessed with Film
wikipedia
Over the past couple of years, the Ufc has probably had more disgruntled fighters than ever before. Rampage Jackson. Tito Ortiz. Nate Quarry. Tim Kennedy. Nick and Nate Diaz. These are just a handful of names past and present that are recognizable – there are a lot, lot more. Even current featherweight champion Jose Aldo has complained about his compensation from the company.
With the Ufc recently closing an official uniform deal with Reebok that eliminates all outside sponsorships for Ufc fighters at official events and fight weeks (fighters can still get sponsors, they just can’t have them on display during the periods mentioned), fighters are more agitated than ever before.
Well, it seems some may be pushing back.
According to a report from Bloody Elbow, current and former Ufc fighters have obtained legal representation and are launching a class action lawsuit worth hundreds of millions of dollars alleging that Zuffa,...
Over the past couple of years, the Ufc has probably had more disgruntled fighters than ever before. Rampage Jackson. Tito Ortiz. Nate Quarry. Tim Kennedy. Nick and Nate Diaz. These are just a handful of names past and present that are recognizable – there are a lot, lot more. Even current featherweight champion Jose Aldo has complained about his compensation from the company.
With the Ufc recently closing an official uniform deal with Reebok that eliminates all outside sponsorships for Ufc fighters at official events and fight weeks (fighters can still get sponsors, they just can’t have them on display during the periods mentioned), fighters are more agitated than ever before.
Well, it seems some may be pushing back.
According to a report from Bloody Elbow, current and former Ufc fighters have obtained legal representation and are launching a class action lawsuit worth hundreds of millions of dollars alleging that Zuffa,...
- 12/15/2014
- by Jay Anderson
- Obsessed with Film
Season Two of Comic Book Men, which returns with eight more laugh out loud episodes, will continue to indulge audiences by following the antics in and around master fanboy Kevin Smith's Red Bank, New Jersey comic show. Walt, Brian, Mike and Ming love hanging out behind the counter geeking out over rare memorabilia, but in the next few episodes they find themselves in some unfamiliar territory such as in the ring with Mma fighter Nate Quarry. The show, which The New York Times hailed, "a celebration of the deeply particular personalities involved when geeky merchandise changes hands," allows fanboys to realize their inner superhero by tackling the burning question all fans grapple with: What is the ultimate superpower? "Comic Book Men" is a part of AMC's new Real Original Thursdays beginning Thursday, February 14 with "Comic Book Men" at 9/8c, "Freakshow"at 9:30/8:30c and "Immortalized" at 10/9c.
- 2/8/2013
- ComicBookMovie.com
Season Two of Comic Book Men, which returns with eight more laugh out loud episodes, will continue to indulge audiences by following the antics in and around master fanboy Kevin Smith's Red Bank comic show. In the next few episodes they find themselves in some unfamiliar territory such as in the ring with Mma fighter Nate Quarry. The show, which The New York Times hailed, "a celebration of the deeply particular personalities involved when geeky merchandise changes hands," allows fanboys to realize their inner superhero by tackling the burning question all fans grapple with: What is the ultimate superpower? AMC’s unscripted tribute to the collector returns for a new season this fall. Watch Kevin Smith and his crew of fan boys turned pop culture experts live, work and breath comic books. Mike, Walt, Ming and Bryan geek-out over rare artifacts and memorabilia and discover treasures of the comic collecting world.
- 1/10/2013
- ComicBookMovie.com
A unique event - a convention centered solely on the undead and “zombie culture” - took place here in the Emerald City. Organized by promoter Ryan Reiter (of “Red, White, and Dead” fame), this was an undertaking the size of which would have been bold for even an already established convention. For a first-time con, the scope of it was impressive, to say the least.
The guest list alone was one that would cause most promoters to lay awake at night fitfully worrying over logistics: George Romero, Bruce Campbell, Malcolm McDowell, Chuck Palahniuk (author, Fight Club), Max Brooks (author, World War Z), John Amplas (Martin, Day Of The Dead), Terry Alexander (Day Of The Dead), Scott Reiniger (Dawn Of The Dead) Ted Raimi (Spider-man), The Ladies of The Evil Dead (Theresa Tilly, Betsy Baker, Ellen Sandweiss), Danny Hicks (Evil Dead 2: Dead By Dawn), Timothy Patrick Quill (Army Of Darkness), the Zombie Research Society,...
The guest list alone was one that would cause most promoters to lay awake at night fitfully worrying over logistics: George Romero, Bruce Campbell, Malcolm McDowell, Chuck Palahniuk (author, Fight Club), Max Brooks (author, World War Z), John Amplas (Martin, Day Of The Dead), Terry Alexander (Day Of The Dead), Scott Reiniger (Dawn Of The Dead) Ted Raimi (Spider-man), The Ladies of The Evil Dead (Theresa Tilly, Betsy Baker, Ellen Sandweiss), Danny Hicks (Evil Dead 2: Dead By Dawn), Timothy Patrick Quill (Army Of Darkness), the Zombie Research Society,...
- 11/12/2010
- by Carnell
- DreadCentral.com
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