WWE stocks shoot up 17% after new TV deals announced

WWE stocks shot up 17% in after-hours trading yesterday, closing at a whopping $78, a new all-time high for the company.

Stocks closed at $66.76 earlier in the day but as soon as the FOX and NBCUniversal agreements were officially made, Wall Street got busy and resulted in the biggest change in one single day for WWE stocks.

The new television deals with both networks will increase WWE’s TV rights revenue by 3.6 times. Rumors are that the deal with NBCUniversal for Raw is worth $265 million per year, or $1.325 billion in total, while the deal with FOX is $205 million per year, or $1.025 billion in total, for a combined $2.35 billion.

WWE will host a conference call today to talk about the new agreements.

The UK and India television deals – the next big ones for WWE – are also about to expire and are currently in negotiations.

Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you


Chris Jericho talks Blood & Guts match and difference from WWE version

Days before the scheduled Blood & Guts match on Dynamite, former AEW World champion Chris Jericho discussed the match...

Impact rating for 04/29/2021

The post-Rebellion Impact on AXS TV drew 120,000 viewers, down 25,000 viewers from last week's broadcast. This was the...

Andrade challenges Kenny Omega for AAA Mega title

Former WWE Superstar Andrade, who is now free to wrestle and appear anywhere, showed up at the AAA Rey...