Vince McMahon said today he’s taking steps to return to WWE as executive chairman to be in position as the company sets a new round of rights deals that he thinks should be in tandem with discussions of strategic alternatives
on Fox, have five-year deals ending in 2024. Peacock retains streaming rights through 2026. The idea is that instead of spending $600-$700 million on WWE rights, a partner might be more interested in buying the company outright.making it the top gainer in an infamous year for media stocks.Vince McMahon, the founder and controlling shareholder of World Wrestling Entertainment Inc.
“WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms,” said Mr. McMahon.
Mr. McMahon said, “Ms. Wilson and Mr. Barrios are highly qualified directors whose professional experience positions them well to help the Company achieve the best possible outcomes in both initiatives. As former WWE Co-Presidents and Board members, they are intimately familiar with industry dynamics and the organization’s operations and have helped guide the Company through past successful media rights negotiations.
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