Vince McMahon reportedly planning to start new entertainment company

It’s been 10 months since Vince McMahon resigned from WWE in disgrace. And while the 79-year-old remains embroiled in a sexual misconduct lawsuit, he also appears to be planning his next business move.

According to a report from PWInsider’s Mike Johnson, McMahon has been in the process of setting up a new “entertainment hub company.” Per the report, the company would “financially back, develop and produce film and television productions,” including fiction and non-fiction projects.

While there doesn’t appear to be any plans for the company to produce content that would be similar to WWE’s, the report does state that “several WWE alumni are already working with McMahon to get the company prepped.” That reportedly includes McMahon’s former chief of staff at WWE, Brad Blum, and the company’s previous liaison to Hollywood, Kristen Prouty. Johnson also specifically noted that former WWE Executive Producer & Chief of Global Television Distribution Kevin Dunn is not currently linked to the prospective company, which would reportedly be based out of Los Angeles.

As for when the company might launch, the report states it won’t be until McMahon’s current legal issues are resolved. The WWE founder resigned from the TKO Group Holdings board this past January after a former employee sued him for sexual misconduct, including assault and trafficking. That lawsuit remains ongoing, while a federal investigation has reportedly been opened regarding the matter.

The idea of McMahon launching a new company is certainly interesting, especially considering his current reputation in the entertainment industry. In addition to the lawsuit that led to his resignation in January, the former WWE chairman was recently sued for allegedly enabling sexual abuse as a part of the “ring boys” scandal, while many of his past scandals recently resurfaced as a part of Netflix’s Mr. McMahon docuseries.

It’s also worth noting that McMahon’s business track record outside of WWE is notoriously spotty, with the World Bodybuilding Federation and XFL standing out as noteworthy failures. Clearly, McMahon has the money to make this new venture happen. Whether enough people would be willing to work with him to make it worth his while, however, will likely be a different story.

[PWInsider.com]