This article's lead sectionmay be too short to adequately summarize the key points. Please consider expanding the lead to provide an accessible overview of all important aspects of the article.(February 2018)
In September 2009, Wiik co-founded WR Entertainment with James F. Cardwell, Duane M. Eberlein, Alan E. Bell, Michael Joseph Smith, Øyvind Holm-Johnsen, and Steinar Larsen.[3][4] On May 9, 2011, Daily Variety announced that WR Entertainment (through its subsidiary WR Films Entertainment Group) had acquired the motion-picture rights to all 83 novels in the best-selling Morgan Kane series, which had sold more than 20 million books to date.[5][6] In January 2016, Wiik announced that he intended to star as the lead role in the planned Morgan Kane films, but later failed his audition.[3][7][8][9]
On January 13, 2016, WR Entertainment became a publicly traded company on the Oslo Stock Exchange Merkur Market under the name WR Entertainment ASA.[10] Two months later, a private placement took place.[11][12]
In December 2016, Wiik resigned from WR in response to a group of shareholders seeking his and Chairman James F. Cardwell's removal from the company. This process was later chronicled by WR investor Jan Henry Løken in VG's documentary The Ballad of Morgan Kane. Wiik stated in a press release that he resigned because of "creative differences." Cardwell was later voted out by the shareholders at an EGM.[13][14]
Wiik appealed to the Borgarting Court of Appeal (Norwegian: Borgarting lagmannsrett).[26][27][28][29][30] The Borgarting Court of Appeal upheld the injunction where the 18.7 million shares would be frozen until Los Angeles County Superior Court had made their ruling.[31]
In December 2017, Ryan Wiik reported a WR shareholder to the police for reckless behavior due to him posting parodic and satiric photos of Wiik.[32]
On February 13, 2018, it was announced that a settlement had been reached between Wiik, WR Entertainment, and WR's CEO Lucia-Khan, where the pending lawsuits between the parties would be dismissed, and that Wiik had agreed to return the disputed 18.7 million shares back to WR Entertainment.[33][34][35]
^Eckblad, Bjørn (15 January 2016). "Tapte 320 mill. på én børsdag" [Lost 320 million on one trading day] (in Norwegian). DN.no. Retrieved 11 October 2017.