Tag - WWE TV rights

WWE and Sky Italia renew TV deal through 2020

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WWE and Sky Italia announced yesterday that they have extended their television distribution deal for five more years with Sky airing exclusively Raw, Smackdown, NXT, Experience, and Main Event through 2020. In addition, Cielo, Sky Italia’s free-to-air channel which is available in more than 24 million homes, will air one-hour versions of Raw...

Class action lawsuit filed against WWE over TV deal fiasco

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Shareholder rights law firm Robbins Arroyo LLP announced yesterday that it has filed a federal securities class action lawsuit on July 25, 2014, in the U.S. District Court for the District of Connecticut on behalf of all persons who purchased or otherwise acquired WWE stocks between October 31, 2013 and May 16, 2014. The lawsuit is against the...

Vince McMahon says NBC Universal deal was a disappointment

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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...

Former Attorney General of Louisiana launches WWE investigation

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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...

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

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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 and NBC Universal announce new TV deal

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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...

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

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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...

No merger talks between WWE and AMC Networks

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TheStreet.com took a look at the rumors of AMC Networks buying WWE from the McMahon family, a rumour which spiked the WWE shares on Thursday to a new all-time record of $31.98 for a few minutes. According to a source close to the situation, TheStreet.com reports that the two companies are not in merger talks and it is “just a rumor” according...

WWE CFO expects new TV deal by early May

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WWE’s Chief Strategy & Financial Officer George Barrios told Bloomberg that the company is expected to announce a new TV partner by the end of April or beginning May, hinting at a move away from NBC Universal’s properties. Barrios said that they are in talks with different networks although he declined to name anyone. WWE was allowed per...

Which TV network will walk out with the WWE shows?

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Yesterday, NBC Universal’s exclusive window to renew all WWE programming came to an end, and unless they coughed up the money that WWE was looking for, the company is now in a position to deal with other potential networks. WWE has not announced that it has reached a deal and more likely will not announce anything until April judging from...

No deal yet between WWE and NBC Universal for WWE TV rights

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The New York Post is reporting that it might be a Valentine’s Day massacre for WWE and NBC Universal as NBCU has up until Friday to accept or refuse WWE’s offer for their television shows. NBCU had an exclusive negotiating period with WWE which ended last week and the NY Post says that there is “no deal in sight.” Once Friday is gone, WWE...

WWE hopes to secure millions in new TV deal for all shows

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Variety has an excellent article regarding the upcoming WWE negotiations over their television shows RAW, Smackdown, Main Event, Saturday Morning Slam, and Total Divas. All shows are up for renewal at the same time, something that WWE has done for the first time after two years of “quietly lining up rights to expire simultaneously in an effort...