SmackDown Returns To USA Network As Part Of Five-Year Agreement Between WWE And NBCUniversal
Portfolio Pulse from Benzinga Newsdesk
WWE, part of TKO Group Holdings, Inc. (NYSE:TKO), and NBCUniversal have agreed to a five-year domestic media rights partnership that will bring Friday Night SmackDown back to USA Network beginning October 2024. WWE will also produce four primetime specials per year that will air on NBC. USA Network is currently home to WWE NXT and WWE Monday Night Raw, which will continue to air on USA Network through September 2024. Since 2021, Peacock has been the exclusive home of WWE Network in the U.S.
September 21, 2023 | 1:03 pm
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POSITIVE IMPACT
The extended partnership with WWE could potentially increase viewership and advertising revenue for NBCUniversal, a subsidiary of Comcast Corporation (NASDAQ:CMCSA), positively impacting its stock.
The extended partnership with WWE will bring popular programs to NBCUniversal's networks, potentially increasing viewership and advertising revenue. This could positively impact the stock of Comcast Corporation, which NBCUniversal is a subsidiary of.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The five-year agreement between WWE, part of TKO Group Holdings, and NBCUniversal could potentially increase the visibility and revenue of WWE, positively impacting TKO's stock.
The extended partnership between WWE and NBCUniversal will increase the visibility of WWE's programs, potentially leading to increased viewership and advertising revenue. This could positively impact the stock of TKO Group Holdings, which WWE is a part of.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100