Category - WWE

Vince McMahon says NBC Universal deal was a disappointment

WWE

WWE Chairman and CEO Vince McMahon admitted that they were disappointed with the amount of money they got from the NBC Universal deal although he was happy with the International deals that the company managed to get done so far. The company recently wrapped up deals in the United Kingdom, Thailand, and finalizing a deal in India, all of which...

CM Punk and AJ Lee getting married next month

CM Punk

Former WWE champ CM Punk appeared at a Chicago Cubs baseball game at Wrigley Field in Chicago, Illinois, yesterday, and sang “Take me out to the ballgame” during the seventh inning. Punk was interviewed in Comcast’s SportsNet booth during the game and announced that he is getting married next month to WWE Diva AJ Lee. AJ was there with him...

Daniel Bryan to make an appearance on RAW from London

Daniel Bryan

WWE World Heavyweight champion Daniel Bryan will be “appearing” on Monday Night RAW from London this coming week although he obviously won’t be there live in person. Bryan will most likely be appearing “via satellite” as the state of the World Heavyweight title will be addressed. Bryan underwent neck surgery on Thursday and will be out...

Former Attorney General of Louisiana launches WWE investigation

WWE

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC, announced that KSF has commenced an investigation into WWE following the announcement of their new TV deal with NBC Universal. KSF’s investigation is focusing on whether WWE and/or its officers and directors violated state...

Vince McMahon no longer a billionaire

Vince Mcmahon

Vince McMahon is no longer a billionaire. It’s not that he’s broke or anything, but yesterday’s big sell-off of WWE stocks left a $350 million dent in McMahon’s pockets, putting his net worth now at an estimated $750 million according to Forbes. A total of 41 million WWE shares traded hands yesterday, significantly more than the average of...

Who was in charge of WWE’s new TV deal negotiations?

WWE

The man who advised WWE and spearheaded the negotiations of the new television deal was Chris Bevilacqua, the co-founder of Bevilacqua Helfant Ventures, a company based in New York City which focuses on media and commercial rights advisory services and investment opportunities in sports and entertainment. While Bevilacqua track record is pretty...

WWE signs Price Devitt from New Japan Pro Wrestling

Prince Devitt

PWInsider.com is reporting that WWE has signed 32 year old Fergal Devitt who wrestles under the name of Prince Devitt. The Irish-born wrestler is best known for working at New Japan Pro Wrestling, starting with the company back in 2006. He held the IWGP Junior Heavyweight title three times and the IWGP Junior Heavyweight Tag Tam titles six...

Investors bodyslam WWE in early trading

WWE Network

Investors punished WWE big time today as stocks fell almost 50% as soon as the trading day started on Wall Street, losing over $9 from their price. At time of this writing, trading was at $10.73. Analysts have also voiced concerns that the company’s return to profitability may happen later than expected and disappointing results of the WWE...

WWE stocks down almost 24% following WWE press release

WWE HQ

WWE stocks took a massive beating on Wall Street in after hours trading yesterday after the company announced its press release that it has reached a new deal with NBC Universal to keep all WWE shows on USA Network, SyFy, and E! After closing the regular trading day at $19.93, WWE fell to almost 24%, ending at $15.20, one of their single-day...

WWE and NBC Universal announce new TV deal

WWE HQ

WWE and NBC Universal signed a new multi-year deal that will keep Monday Night RAW on USA Network, Smackdown on SyFy and Total Divas on E! for the next few years. The announcement was made yesterday by Paul “Triple H” Levesque, WWE Executive Vice President Talent, Live Events & Creative, from the stage at the NBCUniversal Cable...

Daniel Bryan undergoes successful neck surgery

Daniel Bryan

Current WWE World Heavyweight Champion Daniel Bryan underwent successful neck surgery today in Pittsburgh, Pennsylvania, under the care of Dr. Joseph Maroon, WWE’s Medical Director. WWE.COM said in an update that Bryan underwent a procedure known as a cervical foraminotomy to decompress the nerve root. Bryan is already out of surgery and will be...

Bella Twins at NBC Upfronts in New York today

Bella Twins

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Analysts say new WWE TV deal is not what WWE wanted money-wise

WWE

Rumors of the imminent deal announcement of WWE’s new TV contract sent WWE stocks up over 5% today, hitting $19.90 a piece at one point in late-day trading. WWE is currently receiving $140 million for TV rights from NBC Universal, a figure which WWE is trying to double under a new deal. However according to several analysts it will be near...

RAW rating for 05/12/2014

RAW

Monday Night RAW barely passed the 4 million viewer mark this week getting only an average of 4,006,000 viewers for the three hour show, down over quarter of a million viewers from the previous week. Hour one did 3,810,000 viewers, then went up to 4,251,000 in the second hour before going back down to 3,957,000 in the third and final hour. This...