WWE® (NYSE: WWE) and USA Network today announced an
agreement in principle to air WWE’s weekly Wednesday night show,
NXT, live on USA Network at 8/7c starting September 18.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190820005267/en/
NXT® MOVES TO USA NETWORK
Following NXT’s growth in popularity, the new two-hour weekly
show will expand its reach on USA Network, the leader in cable
entertainment, while staying in its Wednesday night timeslot that
it has held since 2015.
“The move to USA Network provides an opportunity to deepen our
relationship with NBCUniversal and further build the NXT brand,”
said Vince McMahon, WWE Chairman & CEO. “Over the long term our
goal is to develop a following that can be monetized to the same
level as our flagship programs, Raw® and
SmackDown®.”
“USA Network and WWE have one of the longest and most successful
partnerships in television history,” said Chris McCumber,
President, Entertainment Networks – USA and SYFY. “As the #1 cable
entertainment network, we’re excited to add NXT to our weekly
lineup alongside powerhouse flagship Raw, and to bring a new
generation of Superstars to a wide audience.”
NXT launched in 2010 and has risen to become WWE’s third global
brand alongside Raw and SmackDown, hosting nearly 200 live events
around the world each year. Airing on Wednesday nights at 8 pm, NXT
has been WWE Network’s #1 weekly series.
NXT offers a unique blend of authentic in-ring action with
exciting and entertaining storylines that feature WWE’s hottest
up-and-coming Superstars including Adam Cole™, Velveteen Dream™,
Shayna Baszler™, Johnny Gargano®, Matt Riddle™, Bianca
Belair™, Io Shirai™, Candice LeRae™, Tommaso Ciampa™, Kyle
O’Reilly™ and Bobby Fish™. The brand’s diverse roster consists of
elite athletes from the NFL, collegiate and amateur sports, MMA and
international sports such as rugby, kushti and kabaddi. It is also
the birthplace to 80 percent of the current Raw and SmackDown
rosters including Becky Lynch®, Seth Rollins®, Roman
Reigns®, Charlotte Flair®, Bayley®, Sasha
Banks®, Alexa Bliss®, Bray Wyatt® and Baron
Corbin®.
The series will continue to emanate from Full Sail University in
Orlando as part of WWE’s production partnership with the preeminent
entertainment, media, arts and technology institution.
About USA Network
USA Network, the #1 cable entertainment network for a record 13
years and counting, is home to the most compelling television
properties in the industry. Serving a broad, passionate fanbase,
USA’s diverse slate includes popular award-winning dramas,
unfiltered family comedies, buzzy unscripted, weekly live WWE
programming, and a portfolio of sought-after acquired series and
movies. USA is part of NBCUniversal, one of the world's leading
media and entertainment companies. NBCUniversal is a subsidiary of
Comcast Corporation.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated
media organization and recognized leader in global entertainment.
The company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE
is committed to family friendly entertainment on its television
programming, pay-per-view, digital media and publishing platforms.
WWE’s TV-PG, family-friendly programming can be seen in more than
800 million homes worldwide in 28 languages. WWE Network, the
first-ever 24/7 over-the-top premium network that includes all live
pay-per-views, scheduled programming and a massive video-on-demand
library, is currently available in more than 180 countries. The
company is headquartered in Stamford, Conn., with offices in New
York, Los Angeles, London, Mexico City, Mumbai, Shanghai,
Singapore, Dubai, Munich and Tokyo.
Additional information on WWE (NYSE: WWE) can be found at
wwe.com and corporate.wwe.com. For information on our global
activities, go to http://www.wwe.com/worldwide/.
Trademarks: All WWE programming,
talent names, images, likenesses, slogans, wrestling moves,
trademarks, logos and copyrights are the exclusive property of WWE
and its subsidiaries. All other trademarks, logos and copyrights
are the property of their respective owners.
Forward-Looking Statements: This
press release contains forward-looking statements pursuant to the
safe harbor provisions of the Securities Litigation Reform Act of
1995, which are subject to various risks and uncertainties. These
risks and uncertainties include, without limitation, risks relating
to: entering, maintaining and renewing major distribution and event
agreements; WWE Network (including the risk that we are unable to
attract, retain and renew subscribers); our need to continue to
develop creative and entertaining programs and events; the
possibility of a decline in the popularity of our brand of sports
entertainment; the continued importance of key performers and the
services of Vincent K. McMahon; possible adverse changes in the
regulatory atmosphere and related private sector initiatives; the
highly competitive, rapidly changing and increasingly fragmented
nature of the markets in which we operate and greater financial
resources or marketplace presence of many of our competitors;
uncertainties associated with international markets including
possible disruptions and reputational risks; our difficulty or
inability to promote and conduct our live events and/or other
businesses if we do not comply with applicable regulations; our
dependence on our intellectual property rights, our need to protect
those rights, and the risks of our infringement of others’
intellectual property rights; the complexity of our rights
agreements across distribution mechanisms and geographical areas;
potential substantial liability in the event of accidents or
injuries occurring during our physically demanding events
including, without limitation, claims alleging traumatic brain
injury; large public events as well as travel to and from such
events; our feature film business; our expansion into new or
complementary businesses and/or strategic investments; our computer
systems and online operations; privacy norms and regulations; a
possible decline in general economic conditions and disruption in
financial markets; our accounts receivable; our indebtedness
including our convertible notes; litigation; our potential failure
to meet market expectations for our financial performance, which
could adversely affect our stock; Vincent K. McMahon exercises
control over our affairs, and his interests may conflict with the
holders of our Class A common stock; a substantial number of shares
are eligible for sale by the McMahons and the sale, or the
perception of possible sales, of those shares could lower our stock
price; and the volatility of our Class A common stock. In addition,
our dividend is dependent on a number of factors, including, among
other things, our liquidity and historical and projected cash flow,
strategic plan (including alternative uses of capital), our
financial results and condition, contractual and legal restrictions
on the payment of dividends (including under our revolving credit
facility), general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant.
Forward-looking statements made by the Company speak only as of the
date made and are subject to change without any obligation on the
part of the Company to update or revise them. Undue reliance should
not be placed on these statements. For more information about risks
and uncertainties associated with the Company’s business, please
refer to the “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Risk Factors” sections of
the Company’s SEC filings, including, but not limited to, our
annual report on Form 10-K and quarterly reports on Form 10-Q.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190820005267/en/
Media Contacts: Matthew Altman WWE 203-352-1177
Matthew.Altman@wwecorp.com
Kim Jenkins USA Network 212-664-6407 Kim.Jenkins@nbcuni.com
Investor Contact: Michael Weitz WWE 203-352-8642
Michael.Weitz@wwecorp.com
World Wrestling Entertai... (NYSE:WWE)
Historical Stock Chart
From Aug 2024 to Sep 2024
World Wrestling Entertai... (NYSE:WWE)
Historical Stock Chart
From Sep 2023 to Sep 2024