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WWE stock down nearly 50%, Vince McMahon loses $350m

WWE stock down nearly 50%, Vince McMahon loses $350m

WWE stock has dropped nearly 50% since the announcement yesterday of a new television deal with NBC Universal. According to an article by Forbes, investors and analyts were not impressed with the new deal feeling that increase in rights fees (estimated to be at around...
WWE comes to terms with Prince Devitt

WWE comes to terms with Prince Devitt

We noted earlier via The Wrestling Observer Newsletter that Prince Devitt was expected to arrive in WWE developmental this August. PWInsider has now confirmed that Devitt and WWE have come to terms. Devitt will report to WWE developmental in Florida once his work visa...
WWE plunges as new TV deal with NBCUniversal announced

WWE plunges as new TV deal with NBCUniversal announced

World Wrestling Entertainment (WWE_) shares fell after the company clinched an agreement with NBCUniversal to bring its popular wrestling shows, Raw and Smackdown, back to the NBC family. Raw goes back to the USA Network, while Smackdown will run on Syfy. In a press...