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Guggenheim note on World Wrestling Entertainment $WWE
UFC reportedly has a deal with ESPN Plus for some $350M annual value on average which Guggenheim’s Curry Baker calls a .”baseline minimum achievable target” for WWE. He says WWE has higher and more stable ratings than UFC along with a surplus of content hours. It means the renewal cycle could push WWE’s annual average value above Guggenheim’s estimate of $294M (and well above the company’s current $145M). via Bloomberg
Up another 13%!
World Wrestling Entertainment Inc
NYSE: WWE · May 21, 3:43 PM EDT
58.11 ▲ 6.65 (12.92%)
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