{"id":124290,"date":"2025-08-06T18:42:09","date_gmt":"2025-08-06T18:42:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/124290\/"},"modified":"2025-08-06T18:42:09","modified_gmt":"2025-08-06T18:42:09","slug":"wwes-espn-deal-wows-some-wall-streeters-shares-in-tko-dip","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/124290\/","title":{"rendered":"WWE’s ESPN Deal Wows Some Wall Streeters; Shares In TKO Dip"},"content":{"rendered":"

\n\tThe WWE<\/a> had long been expected to reap rewards for its lineup of 10 annual \u201cpremium live events\u201d like Wrestlemania, but its $1.6 billion rights deal with ESPN<\/a> unveiled Wednesday is drawing some extra attention on Wall Street.<\/p>\n

\n\tThe agreement, whose financial terms were confirmed to Deadline by a source familiar with the details, succeeds a landmark pact with NBCUniversal\u2019s Peacock.<\/p>\n

\n\tDespite raves in some corners, the deal has not managed to boost the stock of WWE parent TKO<\/a> Group Holdings. Its shares declined by nearly 3%, hovering around $159 this afternoon. The company, which is run by longtime former Endeavor chief Ari Emanuel, was set to report second-quarter earnings after the close of the trading day.<\/p>\n

\n\tLance Vitanza, an analyst with Cowen & Co. who has a Street-high $220 price target on TKO shares, said in a note to clients that the WWE deal came in \u201cbetter than expected.\u201d He added that it \u201cbodes well\u201d for TKO\u2019s current negotiations with Disney<\/a> and ESPN<\/a> for UFC pay-per-view rights. The wrestling pact alone would boost TKO shares by $6, according to the analyst\u2019s math.<\/p>\n

\n\tThe deal\u2019s $325 million average annual value, however, came in below analysts\u2019 consensus expectation for $340 million. Eric Handler of Roth Capital Partners noted the shortfall, though he reiterated his \u201cbuy\u201d rating on TKO shares. Initial reports on the deal gave him pause, as they did not mention whether the \u201cvast (and valuable) content library\u201d of WWE would be part of the deal. <\/p>\n

\n\tWhen NBCU struck the Peacock deal for the live WWE events in 2020, it needed programming due to the Covid delay of the 2020 Tokyo Olympics. The setup also included a trove of other WWE programming, which included titles that previously existed on a stand-alone WWE-run streaming service.<\/p>\n

\n\tIn a press release announcing the deal today, ESPN Chairman Jimmy Pitaro saluted<\/a> the WWE\u2019s \u201cimmense, devoted and passionate fanbase\u201d and said the agreement would help \u201cdrive our streaming future.\u201d Mark Shapiro, President and COO of TKO and a former top exec at ESPN, said the deal comes at\u00a0<\/strong>\u201can exciting juncture\u201d in ESPN\u2019s streaming rollout.<\/p>\n

\n\tThe addition of WWE programming was revealed, along with new NFL rights and a sweeping equity deal with the league, as ESPN parent Disney reported its quarterly earnings<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The WWE had long been expected to reap rewards for its lineup of 10 annual \u201cpremium live events\u201d…\n","protected":false},"author":3,"featured_media":124291,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[7299,171,5723,76617,76618,67,132,68,188],"class_list":{"0":"post-124290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"tag-disney","9":"tag-entertainment","10":"tag-espn","11":"tag-tko","12":"tag-tko-group-holdings","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us","16":"tag-wwe"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114983295095331148","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/124290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=124290"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/124290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/124291"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=124290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=124290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=124290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}