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World Wrestling Entertainment, Inc. (WWE)

  • Nov. 19, 2014, 9:42 AM
    • World Wrestling Entertainment (WWE -1.1%) announces a new partnership with Warner Bros.
    • The deal will give Warner the programming rights to documentaries, match reports, and PPV events.
    | 1 Comment
  • 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.
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  • Oct. 30, 2014, 8:57 AM
    • World Wrestling Entertainment (NYSE:WWE): Q3 EPS of -$0.01 beats by $0.16.
    • Revenue of $120.2M (+6.1% Y/Y) misses by $13M.
    • Shares +1.73% PM.
    • Press Release
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  • Oct. 24, 2014, 2:23 PM
    • WWE (NYSE:WWE) declares $0.12/share quarterly dividend, in line with previous.
    • Forward yield 3.62%
    • Payable Dec. 26; for shareholders of record Dec. 15; ex-div Dec. 11.
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  • 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.
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  • Oct. 21, 2014, 1:16 PM
    • Shares of World Wrestling Entertainment (WWE -2.4%) head south on a volume spike after Mangrove Partners' Nathaniel August outlines his short thesis on the stock during a CNBC interview.
    • The portfolio manager says the subscriber growth numbers for WWE aren't strong enough.
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  • 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%.
    | 1 Comment
  • Jul. 31, 2014, 8:45 AM
    • World Wrestling Entertainment (NYSE:WWE): Q2 EPS of -$0.18 beats by $0.01.
    • Revenue of $156.3M (+2.6% Y/Y) misses by $1.6M.
    • Press Release
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  • Jul. 25, 2014, 2:43 PM
    • World Wrestling Entertainment (NYSE:WWE) declares $0.12/share quarterly dividend, in line with previous.
    • Forward yield 3.85%
    • Payable Sept. 25; for shareholders of record Sept. 15; ex-div Sept. 11.
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  • 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
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  • 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.
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  • 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
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  • May 16, 2014, 9:17 AM
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Company Description
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.