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Shinsuke Nakamura and Karrion Kross wrestle during the WWE SmackDown at Coliseo de Puerto Rico José Miguel Agrelot on May 5, 2023, in San Juan, Puerto Rico. WWE's "Friday Night SmackDown" will return to USA Network in October 2024 as part of a five-year domestic media rights partnership between TKO Group Holdings and NBCUniversal , WWE said Thursday. WWE does not expect to reach a rights agreement for its flagship show "Raw" until next year. "SmackDown" has been on Fox since October 2019, with a rights agreement for $205 million per year in a five-year deal. "SmackDown" last appeared on USA Network from 2016 to 2019.
Persons: Shinsuke Nakamura, Karrion Kross, Coliseo de Puerto Rico José Miguel Agrelot, WWE's, Frances Berwick, we'll Organizations: WWE, Coliseo, Coliseo de Puerto Rico, USA Network, NBCUniversal, CNBC, Fox, Holdings, Endeavor, NYSE, NBC, NBCUniversal Entertainment Locations: Coliseo de Puerto, San Juan , Puerto Rico, USA
WWE to bring back 'SmackDown' to NBCUniversal's USA Network
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +1 min
Apr 2, 2023; Inglewood, CA, USA; L to R; Solo Sikoa and Roman Reigns and Paul Heyman and during Wrestlemania Night 2 at SoFi Stadium. Mandatory Credit: Joe Camporeale-USA TODAY Sports/File Photo Acquire Licensing RightsSept 21 (Reuters) - WWE's "Friday Night SmackDown" will be back on USA Network late next year, after the wrestling company struck a new partnership deal with Comcast's (CMCSA.O) NBCUniversal to air more shows. WWE, part of TKO Group (TKO.N), will also produce four primetime specials per year for NBC as part of the five-year deal. "With Friday nights on USA, primetime specials on NBC, and the WWE hub on Peacock, we'll continue to use the power of our portfolio to super-serve this passionate fanbase," NBCUniversal Entertainment Chairman Frances Berwick said. USA Network is currently home to "WWE NXT" and "WWE Raw".
Persons: Sikoa, Paul Heyman, Joe Camporeale, we'll, Frances Berwick, Samrhitha, Saumyadeb Chakrabarty, Anil D'Silva Organizations: USA Network, WWE, NBC, Thomson Locations: Inglewood , CA, USA, SoFi, Bengaluru
Insider Today: Ex-Goldman partners dish
  + stars: | 2023-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
This post originally appeared in the Insider Today newsletter. In today's big story, former Goldman Sachs partners explain what led them to leave their prestigious positions within the bank. A recent Insider investigation by Dakin Campbell and Emmalyse Brownstein found that at least 202 partners have left the firm during CEO David Solomon's volatile five-year tenure. And while Solomon's strategic missteps were a key talking point for many, not all the former partners bashed the CEO. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Goldman Sachs, it's, Goldman, David Solomon, Dakin Campbell, Emmalyse Brownstein, David Solomon's, Dakin, It's, Julian Salisbury, Dina Powell McCormick, Fred Baba, Solomon, Lloyd Blankfein, Apoorva Mehta, Instacart, Daniel Sundheim, Michael Moritz, Here's, Instacart's, Beck, Apoorva, Mehta, Tyler Le, Steve Squeri, Squeri, AEW, Tony Khan, Lauren Boebert, Anna Moneymaker, General Merrick Garland, Kim Kardashian, General Mills, Getty, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, D1 Capital Partners, Sequoia, Getty, Sequoia Capital, Northwestern Mutual Wealth Management's, American Express, Wrestling, WWE's, Fed, U.S, FedEx, General Locations: Wall, Silicon, What's, , ChatGPT, Cerebral, Colorado, Mostar, Bosnia, Herzegovina, Greece, Bulgaria, Moldova, New York City, San Diego, London, New York
How to watch WWE Summerslam live streams from anywhereYou can use a VPN to watch Summerslam live if you don't live in a country with cable access or streaming plans that include WWE Network events. How to watch WWE Summerslam in the UKTNT Sports Box Office will show Summerslam in the UK via providers Sky, Virgin Media, and BT TV. How to watch WWE Summerslam in CanadaSummerslam will stream over the WWE Network via Sportsnet in Canada. How to watch WWE Summerslam in AustraliaBinge is the primary destination for Summerslam in Australia. WWE Summerslam match cardAhead, we list a schedule of all the matches taking place at Summerslam in Detroit, MI.
Persons: Peacock, Roman, We'll, Seth, Freakin, Rollins, Finn Balor, Cody Rhodes, Brock Lesnar, Canada's, It's, ExpressVPN, CEST, NBC Peacock, Brock Lesnar Asuka, Bianca Belair, Charlotte Flair, Logan Paul Gunther, Drew Mcintyre, Shayna Organizations: Ford, WWE, Universal, Tribal, WWE Network, Canada's Sportsnet, NBC, TNT, Sky, Virgin Media, BT, TNT Sports, Sportsnet, Triple, Ronda Locations: United States, Australia, Canada, Detroit , MI
Wrestling legend John Cena surprised fans with a pitch to hold WWE's largest live event Westlemania, the so-called "Super Bowl of wrestling" that has never taken place outside of North America, in London. WWE brought its premium live event called Money in the Bank to London's O2 arena on Saturday, in its second major event in the U.K. in the last year. The crowd erupted as his tell-tale entrance music hit, but Cena arrived not to fight — but to pitch to hold Wrestlemania in London. They don't necessarily know how to feel about London," Cena told the packed O2 arena which booed at the suggestion. "Take a moment right now, let them see, let them feel, let them hear what WrestleMania is going to sound like in London," Cena added.
Persons: Dwayne, Johnson, John Cena, Cena, It's Organizations: Life, Wrestling, WWE, Bank, London's, London Locations: Miami Gardens , Florida, North America, London
Mandatory Credit: Joe Camporeale-USA TODAY Sports/File PhotoJune 16 (Reuters) - A U.S. judge rejected World Wrestling Entertainment's (WWE.N) effort to dismiss a smaller rival's antitrust lawsuit that accused it of monopolizing the market for professional wrestling media rights. In a decision on Thursday, U.S. District Judge Edward Davila in San Jose, California, said MLW Media had presented enough "circumstantial" evidence that WWE uses its dominance to keep rivals from accessing various distributors and arenas. MLW said Stamford, Connecticut-based WWE commands about 92% of revenue from U.S. media rights for pro wrestling, versus 6% for All Elite Wrestling and less than 2% for everyone else. MLW sufficiently alleged that WWE's activities "had a substantial effect in foreclosing competitors from the professional wrestling media rights market," Davila wrote. The case is MLW Media LLC v World Wrestling Entertainment Inc, U.S. District Court, Northern District of California, No.
Persons: Cody Rhodes, Joe Camporeale, Edward Davila, MLW, Davila, Marc Kasowitz, Jonathan Stempel Organizations: Wrestling, District, MLW Media, WWE, Elite Wrestling, Fox, Amazon.com, CBS, Disney, Netflix, Warner Bros Discovery, Wrestling Entertainment Inc, Court, Northern District of, Thomson Locations: Inglewood , CA, USA, SoFi, U.S, San Jose , California, Stamford , Connecticut, , New York, Northern District, Northern District of California, New York
World Wrestling Entertainment and Endeavor's UFC announced last month they would merge later this year. The new operation will be called TKO Group Holdings, a spokesperson for Endeavor confirmed Tuesday. Emanuel has said he intends to run "the same playbook" with WWE that Endeavor did with UFC, whose revenue surged 20% from 2021 to 2022. UFC and WWE will retain their respective names as part of TKO Group. "This is going to be UFC 2.0," Emanuel said in an interview that aired last month on CNBC's "Squawk on the Street."
For wrestling fans, though, the story's not about those numbers. And wrestling fans aren't afraid to share their opinions. Some are worried that a return to a pay-per-view model for WWE's flagship event, WrestleMania, is on the horizon. The WWE's exclusive streaming deal with Peacock, which includes WrestleMania streaming rights, is set to expire in 2026. In late March, before the UFC deal was announced, WWE CEO Nick Khan said the company keeps fans' price sensitivity in mind.
While an IPO is not on the immediate horizon, the company is taking a step in the direction of preparing for one, hiring Meta's investor relations head to further build out its engagement with current and future shareholders. Deborah Crawford, who has served as Meta 's vice president of investor relations for more than eight years, is being appointed as Fanatics' head of investor relations, a new position at the company. Prior to Meta, Crawford was head of investor relations for Netflix, where she helped initiate the streaming company's first formal investor relations function, according to Fanatics. Schiffman declined to comment on the potential timing of a Fanatics IPO but confirmed the company has a goal of going public. Fanatics has seen its valuation and investor roster drastically expand in recent years, which has also helped to fuel IPO chatter.
That means Fanatics will now operate all of the on-site retail at the WWE's more than 300 events throughout the year, including its premier live events like WrestleMania and the Royale Rumble. Fanatics became WWE's global e-commerce partner in 2022, a deal that later grew to include licensed merchandise, memorabilia, trading cards and collectibles. WWE has seen its live-event merchandise business grow as the company has returned to a fuller slate of events and shows as the pandemic has waned. In 2022, WWE reported that it had $23.8 million in venue merchandise revenue across 231 live events in 2022, up from $10.1 million the previous year when the company only had 101 live events. Fanatics' existing relationships across sports could also further benefit WWE, Varga said.
A view of the former Nazi concentration and extermination camp Auschwitz in Oswiecim, Poland, January 19, 2015. World Wrestling Entertainment inexplicably used footage of infamous Nazi death camp Auschwitz in a recent promotion, prompting the grappling giant to apologize Friday for the offensive gaffe. "We had no knowledge of what was depicted," the WWE said in statement to NBC News on Friday. The Auschwitz footage is now absent from tape of WrestleMania Night 1 and has been replaced with generic images of a jail with barbed wire. The son fought his father in this past weekend's WrestleMania and was beaten soundly by the old man.
Shares of WWE fell in premarket trading, while Endeavor shares rose. Ari Emanuel will act as chief executive of both Endeavor and the new company, the companies said. McMahon, likewise, will be executive chairman, while Endeavor President and COO Mark Shapiro will also work in the same roles at the new company. Dana White will remain as president of UFC, and WWE CEO Nick Khan will stay on as president of the wrestling business. Stefanie Keenan | Getty Images Entertainment | Getty ImagesThe announcement confirmed an earlier CNBC report.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Scott Wapner's full interview with Endeavor CEO Ari Emanuel and WWE's Vince McMahonEndeavor CEO Ari Emanuel and WWE Executive Chairman Vince McMahon joined CNBC's Scott Wapner for an exclusive interview on the deal between UFC and WWE.
Networks and streaming services need to get ready for a media rights smackdown. UFC should also benefit ahead of 2025, when its U.S. media rights deals come up, including with Disney's ESPN. "I think everything is up for grabs with these media rights deals. During his time with CAA, he had formed a relationship with McMahon during a recent round of TV rights negotiations for WWE. It will also work for UFC negotiations, he noted.
Vince McMahon's World Wrestling Entertainment is in advanced talks to be sold to Ari Emanuel's Endeavor Group , the parent company of UFC, according to people familiar with the matter. McMahon, likewise, is expected to be executive chairman, while Endeavor President Mark Shapiro will also work in the same role at the new company. Dana White will remain as president of UFC, while WWE CEO Nick Khan will serve as president of the wrestling business. Paul Levesque, who's both Stephanie McMahon's husband and the wrestler known as Triple H, took over creative duties from Vince McMahon. When Vince McMahon came back in January, Stephanie McMahon stepped down and Khan fully assumed the CEO role.
Endeavor and WWE did not immediately respond to requests for comment on Sunday. The deal could be announced as early as this week, the sources said. Endeavor shareholders will own 51% of the combined company, while WWE shareholders would get 49%, the sources said. Endeavor is led by Hollywood power broker Ari Emanuel, who earlier this month declined to answer questions about a possible deal. In January, WWE said it would explore strategic options that could include a sale, shortly after Vince McMahon's return to the company.
World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Vince McMahon has pinned down a two-year employment contract at World Wrestling Entertainment . The WWE chairman's agreement dates back to Jan. 9, when he returned to the company, according to a securities filing. McMahon returned to WWE's board in January help with the sale negotiations. At the time, his daughter, Stephanie McMahon, had taken over as co-CEO of WWE, a family business for the McMahons.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWWE CEO Nick Khan say he remains optimistic about plans to introduce bettingWWE CEO Nick Khan joins 'Closing Bell Overtime' to discuss WWE's Wrestlemania weekend, the potential sale of WWE, and the possibility to introduce a betting system for WWE.
WWE reportedly wants its fans to be able to bet on its scripted matches just like other sports. WWE has presented betting on other events where results are predetermined like the Oscars as a comparable example. Under WWE's new proposal, it will keep the results of events secret for months by working with an accounting firm. The first states that WWE approached about the possibility of legalizing the bets included Michigan, Indiana, and Colorado, according to CNBC. In the few states where it's legal, some sportsbooks like DraftKings and FanDuel allow betting on events like the Oscars in their mobile app, CNBC reported.
"The Colorado Division of Gaming is not currently and has not considered allowing sports betting wagers on WWE matches," they said. It issued a public statement advising WWE to work with the gaming industry. replied Adam Greenblatt, CEO of BetMGM, whether he would be eager to accept wagers on the WWE's scripted matches. The American Gaming Association, which represents both commercial and tribal operators, told CNBC: "Both regulators and operators must have confidence in the integrity of the competitions." "Ultimately, most industry stakeholders seem to view WWE betting as even more optically-challenging than betting on awards shows," Sharp Alpha Advisors managing director Lloyd Danzig said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGaming regulators push back against betting on WWE scripted matchesCNBC's Contessa Brewer joins Brian Sullivan and 'Last Call' to report on whether the WWE's made any progress in its effort to allow gamblers to bet on scripted wrestling matches.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former TD Ameritrade CEO Joe MogliaJoe Moglia, former TD Ameritrade chairman and CEO, joins 'Squawk Box' to discuss the WWE's talks around gambling on scripted matches, if the outlook for rate hikes has changed, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWWE gambling would be 'ripe for cheating': Former TD Ameritrade CEO Joe MogliaJoe Moglia, former TD Ameritrade chairman and CEO, joins 'Squawk Box' to discuss the WWE's talks around gambling on scripted matches, if the outlook for rate hikes has changed, and more.
Ex-WWE CEO Vince McMahon reportedly wants at least $9 billion for the company, according to Bloomberg. He has been considering a sale since his return, and several bids reportedly have been submitted. Days after McMahon's return, WWE also announced that Stephanie McMahon was resigning as co-CEO, and Khan would serve as the lone CEO going forward. Last month, Khan said reports that a sale to the Saudi Arabian fund was complete in principle "totally false." McMahon's desired $9 billion is a high ask considering the company reported $1.29 billion in sales last year, and the $9 billion price tag is about 23 times the company's operating income, according to Bloomberg.
World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company "if it's the right deal," according to WWE CEO Nick Khan. Khan took over as sole CEO in January when Levesque's wife and McMahon's daughter, Stephanie, stepped down as co-CEO. McMahon stepped away from his CEO role in June amid accusations of sexual misconduct from former female WWE employees. A month later, he announced he announced he would retire from the wrestling company he bought from his father over four decades ago. Khan acknowledged "it's tough to take control" from McMahon, who has owned and run WWE (previously WWF) for more than 40 years.
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