Partnership Marks New Chapter With the
Foxtel Group Becoming the Exclusive Destination for WWE®
Content in Australia
BINGE to Become New Streaming Home of WWE
Network in Australia
Foxtel to Launch a Dedicated 24/7 WWE
Channel Including All Premium Live Events With Major Events Also
Showcased on FOX8
The Foxtel Group and WWE® (NYSE: WWE) today announced a
major new multi-year partnership that will see Foxtel Group’s
portfolio of entertainment brands become the home of WWE in
Australia.
The new deal will deliver the biggest line-up of WWE’s live and
on demand content to Foxtel Group’s 4.5 million subscribers, on
Foxtel as well as the rapidly growing streaming services, Kayo
Sports and BINGE.
Foxtel Group-WWE Partnership Key Points:
- BINGE will become the new streaming home of WWE Network in
Australia from January 2023 with all WWE Premium Live Events,
including Royal Rumble® and WrestleMania® 39, and
entertainment content available with a BINGE subscription, starting
from just $10 per month.
- WWE Network’s original programming and vast collection of
archived content will be available on BINGE.
- WWE will continue to be available to all Foxtel subscribers on
both the FOX8 channel and on a new, dedicated 24/7 WWE channel to
launch from December 2022. The Foxtel Group will broadcast on both
these channels all of WWE’s Premium Live Events, previously only
available through pay-per-view, at no additional charge to
subscribers, plus Weekly Live Episodes of Raw®,
SmackDown® and NXT®.
- Selected content will continue to be available via Kayo
Sports.
Foxtel Group Chief Content and Commercial Officer, Amanda Laing,
said: “We are thrilled to remain the long-term partner of WWE, and
be part of what will be an exciting new chapter for WWE in
Australia.
“The reach of the Foxtel Group is a game-changer for our
partners such as WWE. It’s why sport and entertainment partners in
Australia and around the globe, including major Hollywood studios
and world-leading sports and now WWE, continue to choose the Foxtel
Group to showcase their content and build their audience reach in
Australia. We are particularly pleased to offer all our Foxtel
subscribers access to WWE’s Premium Live Events, that were
previously only available on a pay-per-view basis for up to $30 per
event, for no extra cost.”
BINGE Executive Director, Alison Hurbert-Burns said: “For
generations WWE has delighted fans across the globe and we’re
thrilled this expanded partnership makes BINGE the new streaming
home of WWE in Australia.”
“We can’t wait to bring WWE’s unpredictable drama,
larger-than-life personalities from past and present including
Roman Reigns®, Rey Mysterio®, Ronda Rousey, John
Cena® and The Undertaker®, along with all the
world-class WWE action to passionate Australian fans.
“It’s a great fit to welcome WWE and its year-round
entertainment, including all WWE Network content and Premium Live
Events, to the home of the world’s best shows on BINGE.”
WWE Chairwoman and co-CEO, Stephanie McMahon, said: “With its
far-reaching and engaged audience, the Foxtel Group has been a
trusted and long-standing partner of WWE for more than 20 years. We
look forward to expanding our partnership with the Foxtel Group,
and welcoming BINGE as the new streaming home of WWE Network in the
region.
“Together we will continue to provide our unique blend of
action-packed, family-friendly entertainment to fans and grow the
WWE audience throughout Australia.”
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,
premium live event, digital media and publishing platforms. WWE’s
TV-PG programming can be seen in more than 1 billion homes
worldwide in 30 languages through world-class distribution partners
including NBCUniversal, FOX Sports, BT Sport, Sony India and
Rogers. The award-winning WWE Network includes all premium live
events, scheduled programming and a massive video-on-demand library
and is currently available in more than 180 countries. In the
United States, NBCUniversal’s streaming service, Peacock, is the
exclusive home to WWE Network.
Additional information on WWE can be found at wwe.com and
corporate.wwe.com.
About the Foxtel Group The
Foxtel Group is Australia’s leading subscription television company
with more than 4.5 million subscribers. We provide the best range
of Australian and international movies, entertainment, lifestyle,
documentaries, news and sport through a range of broadcast and
streaming services to suit the needs of every Australian. Our three
retail brands include Foxtel, our premium all in one place
entertainment service, Kayo Sports Australia’s leading sports
streaming service with over one million subscribers, and BINGE, our
entertainment streaming service. The Foxtel Group also includes Fox
Sports, our sports production company, and Foxtel Media, our
innovative advertising sales business.
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, and oral statements made from time to time
by our representatives may contain, forward-looking statements
pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995. Forward looking statements include statements
regarding, our outlook for future financial results, the impact of
recent management changes, the scope, duration and findings of the
investigation being conducted by the special committee of
independent members of our Board of Directors; our plans to
remediate identified material weaknesses in our disclosure control
and procedures and our internal control over financial reporting,
and regulatory, investigative or enforcement inquiries, subpoenas
or demands arising from, related to, or in connection with these
matters. In addition, the words “may,” “will,” “could,”
“anticipate,” “plan,” “continue,” “project,” “intend,” “estimate,”
“believe,” “expect,” “outlook,” “target,” “goal,” “guidance” and
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such words. These statements relate to future possible events, as
well as our plans, objectives, expectations and intentions and are
not historical facts and accordingly involve known and unknown
risks and uncertainties and other factors that may cause the actual
results or the performance by us to be materially different from
future results or performance expressed or implied by such
forward-looking statements. These forward-looking statements are
subject to uncertainties relating to, without limitation, the
departure of Vince McMahon from the Company and the appointment of
Stephanie McMahon and Nick Khan as co-Chief Executive Officers; the
scope, duration and findings of the ongoing investigation by the
special committee of independent members of our Board of Directors;
regulatory, investigative or enforcement inquiries, subpoenas or
demands arising from, related to, or in connection with these
matters; our ability to remediate material weaknesses in our
disclosure controls and procedures and our internal control over
financial reporting; and reputational harm to the Company’s
relationships with its stockholders, customers, talent and
partners, which may have adverse financial and operational impacts,
among other factors. The following additional factors, among
others, could cause actual results to differ materially from those
contained in forward-looking statements: the COVID-19 outbreak,
which may continue to affect negatively world economies as well as
our industry, business and results of operations; entering,
maintaining and renewing major distribution and licensing
agreements; a rapidly evolving and highly competitive media
landscape; WWE Network; computer systems, content delivery and
online operations of our Company and our business partners; privacy
norms and regulations; our need to continue to develop creative and
entertaining programs and events; our need to retain and continue
to recruit key performers; the possibility of a decline in the
popularity of our brand of sports entertainment; 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/or our inability to compete effectively, especially against
competitors with greater financial resources or marketplace
presence; 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; large
public events as well as travel to and from such events; our
expansion into new or complementary businesses, strategic
investments and/or acquisitions; our accounts receivable; the
construction and move to our new leased corporate and media
production headquarters; litigation and other actions,
investigations or proceedings; a change in the tax laws of key
jurisdictions; our feature film business; a possible decline in
general economic conditions and disruption in financial markets
including any resulting from COVID-19; our indebtedness including
our convertible notes; our potential failure to meet market
expectations for our financial performance; through his beneficial
ownership of a substantial majority of our Class B common stock,
our controlling stockholder, Vincent K. McMahon could exercise
ultimate control over our affairs, and his interests may conflict
with the holders of our Class A common stock; our share repurchase
program; 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 and share
repurchases are 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/A and quarterly reports on Form 10-Q/A
and Form 10-Q.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220927006079/en/
Media: Joel Zietcer
Joel.Zietcer@wwecorp.com Investor: Seth Zaslow 203-352-1026
Seth.Zaslow@wwecorp.com
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