WWE Shares Smackdown on Revenue and International Media Deal Jitters

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.

WWE Shares Soar on New Smackdown and Raw TV Deal

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.