Earlier this year, WWE announced that they are looking for strategic alternatives in relation to the upcoming media rights negotiations. One of the strategic alternatives involves a potential sale of the company which would take place before the media rights deals for RAW and SmackDown are finalized.
WWE CEO Nick Khan recently spoke to Sports Business Journal where he discussed WWE’s position ahead of the media rights negotiations.
“If you look at the ratings and relevancy of our product, we like to think we’re in a good position. We look to get into the heat of the conversation first with our incumbents by the middle of the year or so. Depending on the timing and how strategic alternatives shake out, it will be either be middle of the year getting hot and heavy, or some time shortly thereafter,”
“That’s probably the trickiest of all the parts, but one thing that all potential buyers know is that the rights that Fox and NBCU negotiated for separately will obviously have to be adhered to and respected with all sorts of good faith attached to that.”
Nick Khan.
As the clock ticks down on WWE’s media rights negotiations, it will be interesting to see what strategic alternatives they could be thinking of with regard to the future of the company.
H/T to Ringside News
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