WWE’s Vince McMahon Agreed to Pay $12 Million in Hush Money to Four Women as Netflix Pulls Out of Documentary
Fresh facts have emerged showing that World Wrestling Entertainment (WWE) Inc.’s longtime leader, Vince McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, an amount far larger than previously known.
The payouts went to four women, all formerly affiliated with WWE who signed agreements with Mr. McMahon that prohibit them from discussing potential legal claims against or their relationships with the 76-year-old executive, according to people familiar with the deals as well as documents reviewed by The Wall Street Journal.
As a direct result of those reports, Netflix has reportedly pulled out of a documentary that was in development. According to Denise Salcedo, the doc was “deep in post-production.” She also reported that “millions” had already been spent on the project.
Stephanie McMahon, daughter of Vince, is currently serving as the interim CEO and Chairwoman of WWE. She was appointed that position in June after Vince stepped down while an internal investigation was being conducted over his alleged $3 million payment to an ex-employee.
