WWE Engages Outside Advisors to Support Review of Strategic Alternatives
WWE (NYSE: WWE) has engaged The Raine Group as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC for strategic communications. This move aims to explore strategic alternatives to enhance shareholder value amid a changing media landscape. Vince McMahon, Executive Chairman, expressed confidence that the process will unlock WWE's intellectual property potential. However, no specific outcomes or timelines are assured. WWE is noted for its strong global media presence, delivering content across various platforms.
- Engagement of top advisors indicates a proactive strategy to maximize shareholder value.
- Strong leadership from Vince McMahon and the Board during critical media rights negotiations.
- WWE's extensive global reach and diverse content delivery platforms enhance its market position.
- Uncertainty regarding the outcome and timing of the strategic alternatives review process.
- Potential reputational risks associated with the strategic review may affect stakeholder confidence.
There can be no assurances given regarding the outcome or timing of the strategic alternatives review process. WWE does not intend to comment further until the process has concluded or the Company has otherwise determined that further disclosure is appropriate or required.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, premium live events, digital media, and publishing platforms. WWE’s TVPG programming can be seen in more than 1 billion homes worldwide in 30 languages through world class distribution partners including NBCUniversal,
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Such forward-looking statements are based on available current information and our current expectations, including beliefs and forecasts concerning future developments and the potential effects of such developments on us. The following additional factors, among others, could cause actual results to differ materially from those contained in forward-looking statements: COVID-19, which may continue to affect negatively world economies as well as our industry, business and results of operations; our ability to enter, maintain and renew major distribution and licensing agreements (on attractive terms or otherwise); the Company’s review of strategic alternatives and the outcome(s) thereof; a rapidly evolving and highly competitive media landscape; WWE Network; computer systems, content delivery and online operations of our Company and our business partners; privacy norms and regulations; our need to continue to develop creative and entertaining programs and events; our need to retain and continue to recruit key performers; the possibility of a decline in the popularity of our brand of sports entertainment; possible adverse changes in the regulatory atmosphere and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and/or our inability to compete effectively, especially against competitors with greater financial resources or marketplace presence; uncertainties associated with international markets including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others’ intellectual property rights; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events; large public events as well as travel to and from such events; our expansion into new or complementary businesses, strategic investments and/or acquisitions; our accounts receivable; the construction and move to our new leased corporate and media production headquarters; litigation and other actions, investigations or proceedings; a change in the tax laws of key jurisdictions; our feature film business; inflationary pressures and interest rate changes; our indebtedness including our convertible notes; our potential failure to meet market expectations for our financial performance; conflicts of interests between holders of our Class A common stock and
Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company’s business, please refer to any documents filed, or to be filed, by the Company with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230112005878/en/
Media:
203-352-8793
Chris.Legentil@wwecorp.com
WWE@AugustCo.com
Investors:
203-352-1026
Seth.Zaslow@wwecorp.com
All Other Inquiries:
212-603-5586
WWE@raine.com
Source: WWE
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