Home / Wrestling / WWE Stock Closes at Record High After News of Massive RAW Deal Breaks, More Big Names Considering Smackdown

WWE Stock Closes at Record High After News of Massive RAW Deal Breaks, More Big Names Considering Smackdown

WWE inventory jumped an astonishing 15.four% at the moment, closing at $50.31 after information broke that NBC Universal had provided the corporate a brand new deal for his or her flagship present Monday Night Raw that stands to generate greater than $400 million per 12 months.

As reported, with rights charges for Raw anticipated to almost triple, NBCU shall be dropping their unique contract with Smackdown Live, leaving WWE open to negotiating with different networks. Fox is anticipated to make a significant supply with the present doubtlessly touchdown on FS1, as they are going to be shedding some of their UFC programming to ESPN+ when their present contract expires.

According to a brand new report from Variety.com, two different large gamers within the race at present are Amazon and Facebook, with the later already establishing a working relationship with WWE earlier this 12 months by way of the launch of the Mixed Match Challenge.

The put up WWE Stock Closes at Record High After News of Massive RAW Deal Breaks, More Big Names Considering Smackdown appeared first on ProWrestling.com.


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