Nov. 19, 2014, 9:42 AM
Oct. 30, 2014, 9:18 AM
- World Wrestling Entertainment (NYSE:WWE) reports its WWE Network expanded to 731K subscribers in Q3.
- 31K subscriber were added during the period - 3K in the U.S. and 28K international.
- The company's media division increased revenue by 5.8% to $76.9M.
- Live events revenue -13.1% to $21.8M.
- Strategy: The company plans a new pricing plan of $9.99 per month beginning on November 1.
- WWE +1.7% premarket.
Oct. 30, 2014, 8:57 AM
Oct. 24, 2014, 2:23 PM
Oct. 22, 2014, 2:37 PM
- Shares of World Wrestling Entertainment (WWE -7.1%) slide lower again as sentiment remains shaky following a short presentation yesterday by Mangrove Partners.
- "We think people are really unhappy and that the number of [[streaming]] additions is going to prove very disappointing," warns analyst Nathaniel August.
Oct. 21, 2014, 1:16 PM
Jul. 31, 2014, 3:58 PM
- World Wrestling Entertainment (WWE +3.2%) is an unusual gainer in an otherwise down day, after reporting a smaller than expected Q2 loss and announcing a 10-year deal with Rogers Media to be the exclusive distribution partner of all WWE pay-per-view events throughout Canada.
- The company plans to get its WWE Network to 1.4M subscribers; almost twice the number it had at the end of Q2; to achieve that, it announces new pricing options and plans to cut its workforce by 7%.
Jul. 31, 2014, 8:45 AM
Jul. 25, 2014, 2:43 PM
Jul. 17, 2014, 12:15 PM
- Shares of World Wrestling Entertainment (WWE +6.5%) move higher on heavy volume on renewed buyout speculation.
- The M&A buzz in the media sector kicked into a higher gear yesterday after 21st Century Fox made an offer for Time Warner.
- Though the streaming sub growth at WWE hasn't dazzled, analysts think the initiative could still draw interest from a company on the distribution side of the business.
May 26, 2014, 10:12 AM
- Mari Cibelli's Marathon Partners - as its name suggests - invests for the long haul with a concentrated portfolio of growth names. Since the fund's 1997 inception, it's up an annualized 16.8%, more than double the S&P 500, and Cibelli is taking advantage of the selling in small caps to add to his favorites.
- One recent buy is Shutterfly (SFLY) which makes up about 20% of Marathon's AUM. Cibelli thinks consumers will grow disenchanted with rival products from Facebook and Snapchat, and sees SFLY revenue growing 16% per year through 2016, and enterprise value more than doubling to about $2.4B by then.
- Marathon's 2nd-largest holding is XOOM, where he expects pre-tax earnings to jump to $80M from less than $10M this year. If the stock sells for 20x that figure, it should more than double from here.
- World Wrestling Entertainment (WWE) is Marathon's 4th-largest holding at 6% of AUM, and the pummeling since March has brought the shares back down to around Cibelli's original 2011 purchase price of $11. The NBCUniversal deal will increase WWE's revenue by 50% instead of 100%, and Cibelli has adjusted his target price accordingly, but still sees the stock as a double by 2016.
May 23, 2014, 8:11 AM
- Shares of World Wrestling Entertainment (WWE) are on watch after sinking over 40% in less than a week.
- Execs were on the defensive this week on the impact of the company's shift from a pay-per-view business to a subscriber model.
- CFO George Barrios said at a JPMorgan conference that the company is less than halfway to reaching its goal of 1.3M-1.4M subscribers for the WWE Network.
- Meanwhile, CEO Vince McMahon looks to be trying to unwind some of the initial bravado over a deal with NBCUniversal with several law firms stirring things up for disgruntled shareholders.
- JP Morgan Global Technology, Media and Telecom Conference webcast
May 22, 2014, 6:41 AM
- WWE Studios will partner with Lions Gate (LGF) for six new action films under the terms of a new deal between the companies.
- The World Wrestling Entertainment (WWE) subsidiary has worked with Lions Gate before on productions to some degree of success.
- Paul Wright, also known as Big Show, will star in the first film of the new partnership.
May 17, 2014, 8:25 AM
- World Wrestling (WWE) shares plunged 43% Friday after CEO Vince McMahon failed to wring a huge increase in TV fees from NBCUniversal, raising questions about WWE's future and highlighting a shortcoming in McMahon's leadership style: While an unbeatable promoter, he has at times struggled to master corporate negotiations and dealings with Wall Street.
- McMahon took the TV negotiations personally: He played hardball in talks with NBCUniversal, demanding to more than double the value of their previous ~$100M deal, but he wound up renewing the deal with an increase analysts estimate at 50% - nice, but well short of what Wall Street had come to expect, and what McMahon may have bragged he would get.
- "The bottom line is no other entities were willing to pay a higher price tag for the programming than its current partner.” analyst Daniel Moore says.
- Despite being short WWE two months ago, Lemelson Capital is now long WWE and calling for the board to replace the management team or explore a sale of the company.
May 16, 2014, 12:46 PM
May 16, 2014, 9:17 AM
WWE vs. ETF Alternatives
World Wrestling Entertainment Inc is an integrated media and entertainment company. It is engaged in the production and distribution of content through various channels including digital over-the-top (OTT) WWE Network, live events and feature films.
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