Pat McAfee Signs Multiyear Extension With WWE®
July 07 2022 - 1:45PM
Business Wire
WWE® (NYSE: WWE) today announced that Pat McAfee has signed a
multiyear extension with WWE.
Since April 2021, McAfee has served as an analyst, alongside
Michael Cole, for Friday Night SmackDown at 8 pm ET live each week
on FOX.
The new pact will see McAfee entertaining the WWE Universe for
years to come.
Earlier this year, McAfee delighted fans and lit up social media
with a WrestleMania debut for the ages at AT&T Stadium in
Dallas when battling Theory, Mr. McMahon, and even getting stunned
by Stone Cold Steve Austin.
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 events, digital media, and publishing
platforms. WWE’s TV-PG programming can be seen in more than 1
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distribution partners including NBCUniversal, FOX Sports, BT Sport,
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Additional information on WWE can be found at wwe.com and
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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: 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; the
possible unexpected loss of 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/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; 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; Vincent K. McMahon
exercises 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 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
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Results of Operations” and “Risk Factors” sections of the Company’s
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version on businesswire.com: https://www.businesswire.com/news/home/20220707005711/en/
Media: Greg Domino 973-620-1025
Greg.Domino@wwecorp.com
Investor: Seth Zaslow
203-352-1026 Seth.Zaslow@wwecorp.com
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