WWE issued the following press release:
WWE® Annual Meeting of Stockholders Date Announced
STAMFORD, Conn., Mar 16, 2015 (BUSINESS WIRE) -- WWE WWE, -2.84% announced it will hold its Annual Meeting of Stockholders at 10:00 a.m. ET on Thursday, April 23rd, 2015, at the Stamford Hilton. Registration will begin at 9:00 a.m. ET.
Hilton Stamford Hotel, Ballroom 3
One First Stamford Place
Stamford, CT 06902
The record date for voting at the meeting was set as the close of business on February 27, 2015. The meeting will be limited to stockholders (or their authorized representative) having evidence of their WWE stock ownership. Attendees are asked to obtain an admission ticket in advance by providing proof of their ownership by April 10th to:
WWE, Inc.
1241 E. Main Street
Stamford, CT 06902
Attention: Corporate Secretary
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Showing posts with label WWE Stock. Show all posts
Showing posts with label WWE Stock. Show all posts
Tuesday, March 17, 2015
Saturday, November 1, 2014
Morgan Stanley Purchases Passive Stake in WWE
Financial services company Morgan Stanley has reportedly purchased a 5.1% passive stake in WWE. A passive stake means the shareholder does not take an active role in running the company.
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Thursday, October 30, 2014
WWE Release Third Quarter Results
WWE issued the following press release earlier today:
WWE® Reports 2014 Third Quarter Results
Exceeds Earnings Expectations and Raises 2014 Outlook
Exceeds Earnings Expectations and Raises 2014 Outlook
STAMFORD, Conn., October 30, 2014 - WWE (NYSE:WWE) today announced financial results for its third quarter ended September 30, 2014. For the quarter, the Company reported a Net loss of $5.9 million, or $0.08 per share, compared to Net income of $2.4 million, or $0.03 per share, in the third quarter last year. Excluding items affecting comparability, Adjusted OIBDA was $5.1 million and Adjusted Net loss was $0.6 million, or $0.01 per share in the current year quarter, compared to Adjusted OIBDA of $16.7 million and adjusted Net income of $7.0 million, or $0.09 per share, in the prior year quarter.
"During the quarter, we delivered stronger financial performance than anticipated and surpassed our guidance while making significant progress on the execution of our WWE Network strategy," stated Vince McMahon, Chairman and Chief Executive Officer. "To capitalize on the substantial opportunity created by WWE Network, it's time to remove
all the barriers to those that want WWE. We are excited to introduce a new simplified price plan at $9.99 per month and like Netflix with no commitment/cancel anytime. This reflects our belief in the broad appeal of WWE Network content. Additionally, we continue to develop the international platform for WWE Network and plan to make the network available in the U.K. on an OTT basis in November. WWE Network continues to be the single greatest opportunity to transform WWE's business model and we remain optimistic about our potential to drive long-term growth."
all the barriers to those that want WWE. We are excited to introduce a new simplified price plan at $9.99 per month and like Netflix with no commitment/cancel anytime. This reflects our belief in the broad appeal of WWE Network content. Additionally, we continue to develop the international platform for WWE Network and plan to make the network available in the U.K. on an OTT basis in November. WWE Network continues to be the single greatest opportunity to transform WWE's business model and we remain optimistic about our potential to drive long-term growth."
"As we expanded WWE Network to 731,000 subscribers, our Adjusted OIBDA of $5.1 million surpassed our guidance, which indicated an Adjusted OIBDA loss ranging from $10 million to $15 million with an average of 723,000 subscribers. Given our performance in the quarter, we have improved our 2014 Adjusted OIBDA outlook ranges by approximately $15 million to $20 million," added George Barrios, Chief Strategy & Financial Officer. "Key metrics
continued to show strength. Raw and SmackDown TV ratings increased 2% and 3%, respectively. WWE's social media presence has increased 71% to over 420 million followers. In addition, revenue from the Company's seven new key television agreements is expected to increase from approximately $130 million in 2014 to approximately $235 million in 2018, providing over $100 million of revenue growth subject to counterparty risks."
continued to show strength. Raw and SmackDown TV ratings increased 2% and 3%, respectively. WWE's social media presence has increased 71% to over 420 million followers. In addition, revenue from the Company's seven new key television agreements is expected to increase from approximately $130 million in 2014 to approximately $235 million in 2018, providing over $100 million of revenue growth subject to counterparty risks."
Monday, October 27, 2014
WWE Financials Announced This Week
WWE will release their Q3 financials on Thursday morning. The information will include the number WWE Network subscribers. The Q2 financials revealed that the company had 700,000 subscribers. Since then, the WWE has expanded the network internationally to over 100 countries. All indications from WWE and from financial experts are that WWE needs to average 1.1 million subscribers in 2015 to maintain an equal cash flow. If they were to average 1.4 million for the year, they would be able to attain the profitability of the pre-WWE Network days
Opinionated View- Get ready as I think we are in for another week of WWE stock bottoming out. And maybe even more lawsuits and sadly some talent will get cut.
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Opinionated View- Get ready as I think we are in for another week of WWE stock bottoming out. And maybe even more lawsuits and sadly some talent will get cut.
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Tuesday, October 21, 2014
WWE Stock Drops After CNBC Segment
The Street is featuring an article about WWE stock dropping 4.84% on Tuesday after Nathaniel August (founder of hedge fund Mangrove Partners) made an appearance on CNBC. August believes nearly all of WWE's future profitability relies on the success of the WWE Network and that WWE would "earn nothing at a corporate level" if the subscriber base remained at the figure it was last reported at (700,000). He added that the firm doesn't believe WWE will double that subscriber base when new figures are revealed next week.
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Wednesday, August 20, 2014
Yet Another Lawsuit Filed Against the WWE Over Stock
The following press release was issued today:
SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notify Investors of Class Action Involving World Wrestling Entertainment Inc. and a Lead Plaintiff Deadline of September 23, 2014
NEW YORK, Aug. 20, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Connecticut on behalf of investors who purchased World Wrestling Entertainment Inc.("WWE" or the "Company") (NYSE:WWE) common stock between October 31, 2013 and May 16, 2014.
Click here to learn about the case: http://docs.wongesq.com/WWE-Info-Request-Form-356. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period defendants violated securities laws by failing to disclose the Company's true ability to command a premium fee in upcoming negotiations to renew its television license agreement.
On May 16, 2014, the Company disclosed that it had reached a multiyear deal with NBCUniversal for its television programs Raw and SmackDown, stating that the annual value of its television distribution agreements is expected to reach $200 million, far below investor expectation. On a May 19, 2014 earnings call, Chairman and CEO Vince McMahon stated "We were a little disappointed in our NBCU deal, quite frankly..."
If you suffered a loss in WWE you have until September 23, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/WWE-Info-Request-Form-356.
Wednesday, August 13, 2014
New Lawsuit Announced Against WWE Alleging False and Misleading Statements
The Shareholders Foundation sent out the following…
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Investor Alert: Lawsuit against World Wrestling Entertainment, Inc. (NYSE:WWE) alleges False and Misleading Statements
The Shareholders Foundation announces that an investor, who purchased shares of World Wrestling Entertainment, Inc. (NYSE:WWE), filed a lawsuit in the U.S. District Court for the District of Connecticut over alleged violations of Federal Securities Laws by World Wrestling Entertainment, Inc. in connection with certain allegedly false and misleading statements made between October 31, 2013 and May 16, 2014.
Investors who purchased shares World Wrestling Entertainment, Inc. (NYSE:WWE) have certain options and for certain investors are short and strict deadlines running. Deadline: September 23, 2014. NYSE:WWE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of World Wrestling Entertainment, Inc. (NYSE:WWE) common shares between October 31, 2013 and May 16, 2014, that the defendants violated Federal Securities Laws.
The plaintiff claims that that, October 31, 2013 and May 16, 2014 certain officers of World Wrestling Entertainment, Inc. issued allegedly materially false and misleading statements regarding World Wrestling Entertainment, Inc's ability to command a premium fee in upcoming negotiations to renew its television license agreement.
More specifically, the plaintiff alleges that defendants caused World Wrestling Entertainment, Inc. to issue false and misleading statements in public filings, press releases, and conference calls where they publicized their ability to renew their television license agreement at double the value in upcoming negotiations and that these statements downplayed the fact that advertisers pay less to reach World Wrestling Entertainment, Inc. viewers than traditional sports or other shows on the USA Network and the negative impact on the television license negotiations resulting from the Company's launch of its World Wrestling Entertainment, Inc. Network.
World Wrestling Entertainment, Inc. reported that its annual Total Revenue rose from $484.01 million in 2012 to $507.97 million in 2013 while its respective Net Income fell from $31.43 million to $2.76 million. Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) grew from $7.72 per share in late 2012 to as high as $31.39 per share on March 20, 2014.
On April 7, 2014, World Wrestling Entertainment, Inc. announced that it has changed the location of its Annual Meeting of Stockholders to be held on April 25, 2014. Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) declined from over $31 in March 2014 to as low as $19.65 per share on April 11, 2014.
On May 15, 2014, after the market closed, World Wrestling Entertainment, Inc. announced that it had reached a multi-year deal with NBCUniversal Cable Entertainment increasing the value of the U.S. television license agreement by $57 million, or 50%.
Shares of World Wrestling Entertainment, Inc. declined from $19.93 per share on May 15, 2014, to $11.27 per share on May 16, 2014 and continued to decline to as low as $10.81 per share on May 22, 2014.
On August 12, 2014, NYSE:WWE shares closed at $13.71 per share.
Those who purchased shares of World Wrestling Entertainment, Inc. (NYSE:WWE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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Tuesday, August 12, 2014
Hedge Fund Buys Hefty Stake in WWE
- StreetInsider.com reports that Eminence Capital, a hedge fund based out of New York City, has purchased a 9.6% passive stake in WWE. The move follows Balyasny Asset Management increasing their stake in the company last week to a total of 5.26%.
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Monday, May 26, 2014
Update on Vince's Losses
Vince McMahon has now lost a total of $842 million since WrestleMania due to the stock dropping. $350 million of it was the day of the WWE stock making its huge drop; he is currently worth around $700 million.
According to those close to McMahon, he's more upset about the media coverage that he's not a billionaire than he is the actual loss.
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According to those close to McMahon, he's more upset about the media coverage that he's not a billionaire than he is the actual loss.
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Thursday, October 3, 2013
Stephanie McMahon Sells More WWE Stock
- Stephanie McMahon has reportedly converted 505,000 shares of Class B stock into Class A stock. She then sold about 47,000 shares
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WWE lowers earning projects for 2013
WWE CFO George Barrios announced an update to their projections for 2013, which included a lower OIBDA of $40-$50 million. The announcement came after second half revenue decreased by five percent from projections. You can read more athttp://www.dividend.com/news/2013/world-wrestling-entertainment-cuts-outlook-for-fy2013-wwe/.
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Wednesday, September 18, 2013
Stephanie McMahon Sells 20,000 More Shares of WWE Stock
Stephanie McMahon-Levesque sold 5,468 shares of WWE stock at a price of $10.12 on September 13th. She then sold another 14,516 shares at a price of $9.99 on September 16th.
Since May of 2013, Stephanie has sold 1,441,000 shares of WWE stock. You can check out the SEC filing informationat this link.
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Tuesday, September 17, 2013
WWE Stock Drops Below $10
WWE Stock fell below $10 on Monday, closing at $9.73 which was down %.37 from Friday. The stock dropped after the company's 2013 Business Outlook was lowered for the second half of the year. At it's lowest on Monday it hit $9.73.
Tuesday, August 6, 2013
Stephanie McMahon sells two-thirds of her stock
WWE executive Stephanie McMahon-Levesque sold 114,972 shares of WWE stock on the open market on Monday. The stock was sold for an average price of $10.39 for a total of $1,194,559.08. She retained 51,945 shares of stock. For more on the story, visit Zolmax.com
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Thursday, July 11, 2013
Stephanie McMahon Sells More WWE Stock
Stephanie McMahon recently sold more of her WWE stocks. She sold 58,016 shares for $601,749. She previously sold 280,000 shares in May and June, but also purchased 420,000 shares on May 15th.
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Thursday, June 20, 2013
Stephanie McMahon Sells Some WWE Stock
In late May, Stephanie McMahon sold 137,610 shares of WWE stock for approximately $1.25 million. In June she also sold another 140,000 shares for $1.37 million. She reportedly still owns 191,945 shares, worst about $2 million.
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