Former Democratic presidential candidate Andrew Yang has been very vocal in his contempt for WWE’s controversial business practices, most notably its classification of talent as independent contractors. This classification allows WWE to save millions of dollars in employment taxes while still enjoying the control of an employer who can dictate where talent can appear.
This polarizing dynamic most recently reared its ugly head when the promotion issued an edict
banning talent from making third-party deals.
“Much like Disney and Warner Bros., WWE creates, promotes and invests in its intellectual property, i.e. the stage names of performers like The Fiend Bray Wyatt, Roman Reigns, Big E and Braun Strowman,” read an official statement from WWE.
“It is the control and exploitation of these characters that allows WWE to drive revenue, which in turn enables the company to compensate performers at the highest levels in the sports entertainment industry. Notwithstanding the contractual language, it is imperative for the success of our company to protect our greatest assets and establish partnerships with third parties on a companywide basis, rather than at the individual level, which as a result will provide more value for all involved.”