WWE soars on news of remunerative new TV deals

May 17, 2018 - WWE

Trump physique slammed critics and WWE soars

The WWE physique slammed naysayers on Thursday.

WWE’s (WWE) batch surged scarcely 15% to a new all-time high on a news that a association competence shortly pointer remunerative new TV deals for a ‘”Raw” and “Smackdown” shows.

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NBCUniversal now front both shows on a USA Network. NBCUniversal wants to replenish “Raw” once a agreement to atmosphere it expires after this year, though it will not replenish “Smackdown,” according to a story in “The Hollywood Reporter.”

Fox (FOXA) is rumored to be meddlesome in behest for “Smackdown.”

It competence be too costly for USA to keep both shows. NBCUniversal, owned by wire hulk Comcast (CMCSA), competence compensate 3 times what it shelled out for “Raw” when it final struck a understanding with WWE in 2014, according to THR.

The 2014 agreement — that was for all a WWE programs — was pronounced to be value $200 million, an boost of some-more than $90 million from a before TV deal.

WWE and NBCUniversal had no criticism about a understanding speculation. Fox, that has already concluded to sell most of a resources to Disney and competence be removing a competing bid from Comcast, was not immediately accessible for comment.

It’s distinct because NBC competence wish to compensate some-more for “Raw” and other networks competence wish “Smackdown”: Both shows suffer outrageous ratings.

The WWE’s recognition has led to plain gains in a possess income and profit. The association creates income from TV chartering fees, a possess streaming WWE Network, a live events themselves and consumer products.

WWE batch was already red prohibited this year interjection to plain sales and gain and large crowds for final month’s Wrestlemania and The Greatest Royal Rumble.

But a rumors about new TV deals has Wall Street even some-more excited.

Related: Why WWE is a media juggernaut

WWE co-president George Barrios, vocalization during a JPMorgan media discussion on Tuesday, pronounced a WWE was open to dual opposite networks airing “Raw” and “Smackdown.”

In a response to a doubt about a standing of a rights for “Raw” and “Smackdown,” Barrios pronounced it would not be an emanate to separate a shows between dual networks, adding that WWE was flattering good during compelling all of a events on several platforms.

He pronounced a preference about what’s subsequent for both shows should be announced in a entrance months.

Barrios combined that he’d also be happy to do some-more with Facebook (FB) and other amicable media networks. WWE recently debuted a module called Mixed Match Challenge that aired on a Facebook Watch video-on-demand service.

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source ⦿ http://money.cnn.com/2018/05/17/news/companies/wwe-raw-smackdown-tv/index.html

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