The World Wrestling Entertainment shares have crashed 0ver 20% after third quarter earnings showed lower revenue and concerns over $WWE Mid East and India networks. United Kingdom BT Sport & Fox Sports in Latin America guidance is awaited also. WWE shares fell 5% immediately following the announcement.
The World Wrestling Entertainment shares have soared 17% since the Hollywood Reporter broke a story on Thursday that $WWE is talking to other networks about its iconic “Smackdown” television franchise and completing a new deal for “Raw” at three times the value.
Streaming giant Netflix $NFLX is the first FANG company to release September quarter earnings after the close Monday. Investors are looking for updates on content, International reach and the recent price hikes.
Netflix has taken another step in it’s evolution, making it’s first ever acquisition to own and develop it’s own content rather than licence it. $NFLX bought creator owned comic-book publishing firm Millarworld,creator of Kick-Ass, Kingsman, Wanted and Old Man Logan.