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Dwayne Johnson is 91ƵThe Rock91Ƶ 91Ƶ gets legal rights to his synonymous nickname

Actor gets rights as part of a struck a deal to join the board of WWE/UFC organization
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FILE - Actor and former WWE Superstar Dwayne 91ƵThe Rock91Ƶ Johnson participates in a Wrestlemania XXVII press conference at the Hard Rock Cafe in Times Square on Wednesday, Mar. 30, 2011 in New York. It is a name that has become almost synonymous with professional wrestling but its bearer, Dwayne Johnson, has never legally owned 91ƵThe Rock.91Ƶ That will change under a new agreement with the WWE under whichJohnson will also join the board of TKO Group, the sports and entertainment company that houses WWE and UFC.(AP Photo/Evan Agostini, file)

It is a name that has become almost synonymous with professional wrestling but its bearer, Dwayne Johnson, has never legally owned 91ƵThe Rock.91Ƶ

That will change under a new agreement with the WWE under which Johnson will also join the board of TKO Group, the sports and entertainment company that houses and UFC.

91ƵThe Rock91Ƶ is a name is derived from Johnson91Ƶs father, WWE Hall of Famer Rocky Johnson, who was the first Black champion in WWE history (alongside partner Tony Atlas), according the WWE.

Johnson, in an interview on CNBC, would not discuss the financial value of the deal with WWE, but said that the name 91ƵThe Rock91Ƶ means a lot to him personally.

91ƵI owe that name everything,91Ƶ Johnson said. 91ƵWithout that name there91Ƶd be no wrestling career. There91Ƶd be no Hollywood career.91Ƶ

Johnson, a movie and wrestling star, has a business portfolio that includes his production company Seven Bucks Productions, tequila brand Teremana Tequila, energy drink company ZOA Energy, Project Rock apparel brand and the United Football League.

Johnson said on CNBC that this will be his first time serving on the board of a publicly traded company.

91ƵI91Ƶm very motivated to help continue to globally expand our TKO, WWE, and UFC businesses as the worldwide leaders in sports and entertainment 91Ƶ while proudly representing so many phenomenal athletes and performers who show up every day putting in the hard work with their own two hands to make their dreams come true and deliver for our audiences,91Ƶ Johnson said in a prepared statement. 91ƵI91Ƶve been there, I91Ƶm still there and this is for them.91Ƶ

Holdings Inc. says Johnson91Ƶs board appointment, effective Tuesday, reflects its 91Ƶcommitment to delivering long-term value and strong performance for shareholders through strategic growth initiatives across both UFC and WWE.91Ƶ

Johnson began his wrestling career with WWE in 1996. The third-generation wrestler became famous for rivalries with wrestlers including 91ƵStone Cold91Ƶ Steve Austin and Triple H and his finishing maneuver, The Rock Bottom, according to his biography on WWE91Ƶs website. He has won eight WWE championships, has a New York Times bestselling autobiography, 91ƵThe Rock Says,91Ƶ and starred in movies including 91ƵFast X,91Ƶ 91ƵBlack Adam,91Ƶ 91ƵJungle Cruise91Ƶ and 91ƵJumanji: Welcome to the Jungle.91Ƶ

Johnson has recently appeared on World Wrestling Entertainment Inc.91Ƶs 91ƵSmackdown91Ƶ and 91ƵRaw91Ƶ television programs, with rumors swirling that he may compete at this year91Ƶs WrestleMania.

91ƵI am thrilled to partner with Dwayne and welcome his immense talent to TKO91Ƶs Board,91Ƶ TKO CEO Ariel Emanuel said in a prepared statement. 91ƵDwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for TKO.91Ƶ

TKO also announced Tuesday that Brad Keywell will become a board member. Keywell has co-founded and led multiple companies, including Groupon, Echo Global Logistics, MediaOcean, and Uptake Technologies, where he is currently founder and executive chairman.

The additions of Johnson and Keywell will increase TKO91Ƶs board from 11 to 13 members.

Shares of TKO Group surged more than 19% in morning trading after TKO announced WWE91Ƶs weekly television show 91ƵRaw91Ƶ next year as part of a major streaming deal worth more than $5 billion.

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