WWE's stock heads for another 6-day win streak after deal to move 'NXT' to USA Network [MarketWatch]
World Wrestling Entertainment, Inc. Class A (WWE)
Last world wrestling entertainment, inc. class a earnings: 4/23 04:10 pm
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Source: MarketWatch
WWE's stock heads for another 6-day win streak after deal to move 'NXT' to USA Network Shares of World Wrestling Entertainment Inc. WWE, +4.69% rallied 3.0% in midday trading Tuesday, to put them on track to post another six-session win streak, after the media and entertainment company said it reached an "agreement in principle" to air its weekly "NXT" show live on USA Network, which is owned by Comcast Corp. CMCSA, +0.48% subsidiary NBCUniversal. The show is expected to air on Wednesday nights at 8 p.m. (7 p.m. Central) starting Sept. 18. "On its face the news is a positive, especially if the company is able to sell 'NXT' at rates similar to its flagship 'Raw' and 'SmackDown' programs," wrote J.P. Morgan analyst David Karnovsky in a note to clients. Based on viewership and prices paid for "Raw" and "SmackDown," Karnovsky estimates "NXT" could generate about $70 million a year in revenue. He affirmed the overweight rating he's had on the stock since November, and kept his price
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