Top Services Stocks To Buy For 2015: World Wrestling Entertainment Inc.(WWE)
World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business. The company develops content centered around its talent, and presents at its live and televised events featuring World Wrestling Entertainment. It operates through four segments: Live and Televised Entertainment, Consumer Products, Digital Media, and WWE Studios. The Live and Televised Entertainment segment conducts live events; produces television shows; sells merchandise at its live events; provides sponsorships, such as various promotional vehicles, including Internet and print advertising, arena signage, on-air announcements, and pay-per-view sponsorships for advertisers; offers television rights; and markets and promotes the storylines associated with pay-per-view events. It also provides WWE Classics On Demand, a subscription video on demand service that offers classic television shows, pay-per-view events, specials, and original programmi ng. This segment distributes its programming in approximately 30 languages and in approximately 145 countries. Its merchandise consists of various WWE-branded products, such as T-shirts, caps, and other novelty items. The Consumer Products segment licenses and sells retail products, including toys, video games, home videos, apparel, and books; and publishes magazines comprising lifestyle publications with native language editions in the UK, Mexico, Greece, and Turkey. The Digital Media segment operates Web sites; provides advertising services; sells merchandise on its Web site at WWEShop Internet storefront; and offers broadband and mobile content. The WWE Studios segment is involved in the distribution of entertainment films. This segment focuses on creating a mix of filmed entertainment. The company was founded in 1980 and is based in Stamford, Connecticut.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Tra! ding DOWN
Shares of World Wrestling Entertainment (NYSE: WWE) were 42.50 percent to $11.46 following announcement of NBCUniveral deal on Thursday. Benchmark downgraded WWE from Buy to Hold. - [By Shauna O'Brien]
World Wrestling Entertainment, Inc. (WWE) announced on Monday that it has updated its FY2013 outlook.
The company now expects to see OIBDA between $40 million and $50 million. This new estimate is a result of recent developments that caused a 5% decline in second half revenue estimates.
George Barrios, CFO of WWE commented: “Our revised 2013 Outlook reflects a relatively moderate change in our second half revenue expectations and our continued investment in the WWE brand and our content.”
“Given the rising value of content in the market place, we believe these investments will maximize WWEs future earnings as we renegotiate our four largest television distribution agreements and potentially launch a WWE Network,” Barrios added.
World Wrestling Entertainment shares were down 13 cents, or 1.28%, during pre-market trading Monday. The stock is up 29% YTD.
- [By Eric Volkman]
World Wrestling Entertainment (NYSE: WWE ) has elected to maintain its dividend. The company declared a quarterly distribution of $0.12 per share of both its class A and B common stock, to be paid on Sept. 25 to shareholders of record as of Sept. 13. That amount matches each of the company's previous distributions stretching back to June 2011. Before that, it paid out considerably more at $0.36 per share.
- [By Erin McCarthy]
World Wrestling Entertainment Inc.(WWE) reached a new long-term television deal with Comcast Corp.'s(CMCSA) NBCUniversal, ensuring that its wrestling stars will stay put on NBCU’s cable channels. The WWE agreed on a deal to keep its flagship show “Raw” on USA Network and its “SmackDown” Friday night show on Syfy.
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