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Search resuls for: "World Wrestling Entertainment"


11 mentions found


☆ WWE confirms former chief Vince McMahon's return to board
  + stars: | 2023-01-05 | by ( ) www.reuters.com   time to read: +1 min
Jan 6 (Reuters) - Vince McMahon, the former chief of World Wrestling Entertainment (WWE.N), is returning to the board of the company that he transformed from a regional player in a highly fragmented industry of the 1980s to a global giant, WWE said on Friday. Shares of the entertainment firm rose about 16%, as WWE also said that it would explore strategic alternatives confirming an earlier statement by McMahon. McMahon, 77, said on Thursday that he expects to assume the role of executive chairman at WWE, to involve himself in the company's media rights negotiation process. The company did not state what position Vince McMahon would hold at the board. McMahon retired in July last year as the company's CEO and chairman, following an investigation into his alleged misconduct.
☆ Wall Street Journal: Vince McMahon plots return to WWE
  + stars: | 2023-01-05 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
New York CNN —Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. The WWE has disclosed multiple expenses that McMahon hadn’t disclosed, totaling $19.6 million, which forced the company to revise its financial statements for 2019, 2020 and 2021. The Journal in July reported McMahon paid more than $12 million to four women, including the one from the prior report, to cover up “allegations of sexual misconduct and infidelity.”Now, the 77-year old McMahon is attempting a comeback. McMahon’s daughter, Stephanie McMahon took over as board chair and co-CEO after Vince McMahon’s retirement in July. WWE and Vince McMahon did not immediately respond to a request for comment.
☆ WWE shares jump as Vince McMahon stages comeback
  + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
Vince McMahon is staging a comeback at World Wrestling Entertainment , months after he retired from the company over a sexual misconduct scandal. McMahon said that his return is necessary as the company gears up for negotiations over media rights and strategic alternatives. WWE, which styles itself as a media company, has been mentioned as a potential acquisition target. McMahon retired last year amid an investigation into payments the former CEO made regarding alleged instances of sexual misconduct. A special committee probe found that McMahon had paid nearly $15 million to four women over the course of 16 years in order to silence sexual misconduct allegations.
☆ There could be a new market low in 2023. Investors can hide in these 5 stocks, MKM Partners says
  + stars: | 2022-12-17 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +4 min
The stock market could reach new lows in the new year, but there are some stocks where investors can weather market volatility, according to MKM Partners. That doesn't bode well for stocks and means there's a high risk that the equity market will see a new low next year, he said. In that market environment, MKM recommends focusing on stocks that are defensive and avoiding sectors trading at high-cyclical adjusted valuations. MKM sees investors overlooking the amount of leverage that Arch has as a positive going into the current cycle. The pick with the largest potential upside is Talos Energy , which MKM sees surging 47% to its target price.
☆ Cramer's lightning round: I wouldn't buy World Wrestling Entertainment at this level
  + stars: | 2022-12-14 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...World Wrestling Entertainment Inc : "I would not want to come in at this level. I am actually quite encouraged by how well the company is run." Loading chart...Royal Caribbean Cruises Ltd : "Royal Caribbean is an excellent, excellent company." Loading chart...Cleveland-Cliffs Inc : "I think the numbers may be too high in Cliffs. Disclaimer: Cramer's Charitable Trust owns shares of Danaher.
☆ Workato: 2022 Top Startups for the Enterprise
  + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
CEO Vijay Tella built Workato to close a big gap his team saw in the modern enterprise. While business apps became simpler, faster and cheaper, the integration across these apps remained complex and expensive. Workato transforms automation across enterprises with a single platform for data, apps and processes, allowing them to evolve from complex and fragmented architectures of the past. The company differentiates its service by pitching easy-to-use, patented machine learning technology that can be used by both business and IT departments. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).
☆ WWE ends investigation into alleged misconduct by Vince McMahon
  + stars: | 2022-11-02 | by ( Mike Calia | ) www.cnbc.com   time to read: +1 min
World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. "The Special Committee investigation is now complete and the Special Committee has been disbanded," the company said in a securities filing. "Management is working with the Board of Directors to implement the recommendations of the Special Committee related to the investigation." McMahon is still the biggest shareholder in WWE, and his daughter, Stephanie McMahon, is co-CEO. Almost $15 million were paid to settle sexual misconduct allegations from four women against McMahon over the past 16 years.
☆ Copycatting lawsuits hit new media as TikTok creators, game designers and Instagrammers are sued
  + stars: | 2022-10-22 | by ( Alexandra Peers | Cnn Business | ) edition.cnn.com   time to read: +7 min
A series of hot-button lawsuits have linked all those unlikely creators and platforms in litigation that goes as high as the US Supreme Court. The litigation deals with issues of intellectual property, copyright infringement and fair use in a rapidly changing new-media landscape. She won, but not much: $3,750, because the court ruled that, though her copyright had been violated, her tattoos didn’t impact game profits. It was a huge hit on TikTok, in part because the duo invited feedback and participation, making it a crowd-sourced artwork. But when the creators took their show on the road and sold tickets, Netflix sued.
☆ WWE stock hits 52-week high, defying market trends, in aftermath of McMahon scandal
  + stars: | 2022-10-17 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +3 min
The company's stock is up more than 50% in 2022, hitting a 52-week high Monday, and trading at levels it hasn't seen since summer 2019. The stock continued to do well after the company's longtime leader and biggest shareholder, Vince McMahon, retired from the company over the summer in a cloud of scandal. WWE's market capitalization is over $5.6 billion. Analyst John Healy of Northcoast Research, who covers WWE, sees the stock's success a confluence of successful ratings, upcoming media deal opportunities, and the speculation of a possible acquisition. Given a highly saturated media market, Healy expects high bidding for the rights to "Raw" and "Smackdown," which are set to be renegotiated in the coming year.
☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
  + stars: | 2022-09-21 | by ( Amy Fontinelle | Read More | Read Less | ) www.businessinsider.com   time to read: +12 min
Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.
☆ Meet the GOP's biggest Hollywood donors
  + stars: | 2020-08-26 | by ( Dave Levinthal | ) www.businessinsider.com   time to read: +13 min
America First Action, the most notable super PAC backing President Donald Trump, has directly criticized Hollywood. Donors from Hollywood-area ZIP codes also rank among the most generous donors to key Republican senators, including Lindsey Graham of South Carolina and Marco Rubio of Florida. 3 donor ZIP code in the nation, trailing only ZIP codes in Houston and Palm Beach, Florida, which is home to his Mar-a-Lago Club resort. Bill Pugliano/Getty ImagesTrump continues to profit from HollywoodIn messages to supporters this year, Trump has decried "liberal HOLLYWOOD donors" and "MEGA HOLLYWOOD DONORS," while his son Donald Trump Jr. has castigated the "Hollywood Elite." As president, Trump's pension earned him more than $84,000 in 2017, about $91,000 in 2018, and about $78,000 in 2019, his personal financial disclosures showed.
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