Breaking News: WWE and Panini have reached a settlement following their contract dispute over trading cards. The two parties notified the courts today with documents indicating that an agreement in principle has been reached.
In October, it was reported that WWE and Panini were embroiled in a legal battle over their trading card partnership, which began in 2021. WWE terminated the deal with Panini, leading to a lawsuit filed by Panini, claiming that the termination occurred “with no warning whatsoever.” WWE later announced that FANATICS would be their new partner for trading cards.
However, it seems that the legal dispute between WWE and Panini has come to an end. According to court documents, discussions between the parties and their counsel have resulted in an agreement in principle. Both sides have been actively negotiating and exchanging settlement proposals since October.
The settlement talks involved key individuals from WWE and Panini, including Nick Khan (CEO, WWE), Mark Warsop (CEO, Panini America), and Elisabetta Mussini (Group Licensing Director, Panini S.p.A.). The parties engaged in live Zoom conferences on October 3 and November 14, along with regular phone conversations between their respective counsel.
While the details of the settlement have not been disclosed, both WWE and Panini are currently working on finalizing the agreement in a signed writing.
This news comes as a significant development in the ongoing legal dispute between the two companies. Fans and collectors of WWE trading cards have been eagerly awaiting updates on the situation, and this settlement brings some closure to the issue.
Trading cards have become a popular aspect of professional wrestling fandom, allowing fans to collect and trade cards featuring their favorite wrestlers. The partnership between WWE and Panini was initially met with excitement, but the sudden termination of the deal raised questions and concerns among fans.
With WWE now partnering with FANATICS for trading cards, it remains to be seen how this new collaboration will be received by fans. FANATICS is a well-known sports merchandise company, and their involvement in the world of professional wrestling trading cards could bring fresh ideas and opportunities for collectors.
As the settlement between WWE and Panini progresses and the details are finalized, fans can expect further updates regarding the future of WWE trading cards. Stay tuned to Wrestling Headlines for the latest news and announcements in the world of professional wrestling.
Sources:
Wrestling Headlines
Paul Lesko’s Twitter