WWE SmackDown's Shocking Move: From Fox to USA Network in Massive 5-Year Deal
TL;DR Summary
TKO's stock dropped over 12% after the announcement of a five-year media rights partnership between TKO and NBCUniversal, which will bring the Smackdown wrestling show back to USA Network in October 2024. The deal is valued at over $1.4 billion and includes four primetime specials per year on NBC. TKO went public recently, and the stock slumped to $84.86 per share before trading around $104. Raw, another WWE program, is not part of the deal, but a new media rights deal for it may be in the works.
- TKO Stock Plummets After WWE ‘Smackdown’ Leaves Fox For USA Network In Massive 5-Year Deal Forbes
- WWE SmackDown is moving back to USA Network on a new long-term TV deal Cageside Seats
- Report: WWE RAW & NXT Will Cease Airing On USA Network In Late 2024 Yahoo Entertainment
- SBJ Daily: 'WWE SmackDown' leaving Fox and returning to USA in 2024 Sports Business Journal
- WWE Broadcast Rights Go to Comcast's USA After Fox Deal Since 2019 Bloomberg
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
1 min
vs 2 min read
Condensed
73%
327 → 88 words
Want the full story? Read the original article
Read on Forbes