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Stock Market & Financial Investment News

News Breaks
April 7, 2014
05:22 EDTWWEWWE announces WrestleMania 30 grossed $10.9M
WWE announced tonight that WrestleMania 30 broke the record for the Mercedes-Benz Superdome’s highest grossing entertainment event. WWE’s annual pop-culture extravaganza grossed $10.9M as a sold-out crowd of 75,167 from all 50 states and 37 countries converged on the Mercedes-Benz Superdome in New Orleans. The event was broadcast live in the U.S. on WWE Network and via cable and satellite providers on pay-per-view in more than 100 countries and 20 languages.
News For WWE From The Last 14 Days
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March 25, 2015
09:02 EDTWWEWWE announces joint venture with Tapout brand
WWE and Authentic Brands Group announced a joint venture for Tapout. Tapout is now the official fitness and training partner of WWE, and will be integrated across WWE’s global platforms including TV programming, WWE Network, pay-per-view broadcasts, live events, digital, and social media. As part of this strategic partnership, WWE will create new content featuring its superstars and divas in Tapout apparel and market the brand across all platforms. Tapout branding will also be featured at the WWE Performance Center in Orlando, Florida, and all performers, trainers, and staff will be outfitted in Tapout workout apparel.
06:27 EDTWWEWWE to host conference call
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March 24, 2015
13:59 EDTWWEMacquarie sees risk of being long WWE ahead of WrestleMania numbers
Macquarie sees risk to being long WWE (WWE) ahead of WrestleMania subscriber data expected on the March 30 conference call. The firm expects WWE Network to announce 1.5M subs post-Mania but expects that number to drop dramatically, and history suggests the loss of 700,000 subscribers in the next two months. Macquarie said no matter how favorable the numbers are, traders will focus on attrition post-Mania, which may result in a "sell the news" scenario. Shares are Neutral rated with a $14 price target.

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