Latest On WWE Negotiations For New Cable Television Deal, When New Deal Is Expected
WWE Chief Financial Officer George Barrios spoke with Business Week yesterday and said the following quote about current negotiations for a new cable TV deal:
“We think we’ll be able to announce a new domestic rights partner at the end of April or beginning of May.”
Barrios said that the company is in negotiations with multiple parties but would not name who they are.
With WWE stock on the rise this week, Barrios also added that the company is not in merger talks. The stock is soaring based on speculation about a strong new TV deal, along with the launch of the WWE Network.