WWE/Saudi Arabia expand relationship to 2027

[Steveweiser]

WWE, SAUDI ARABIA EXPAND EVENT PARTNERSHIP THROUGH 2027
by Mike Johnson @ 4:27 PM on 11/4/2019

WWE issued the following, which I bet none of us saw coming after the events of last week:

WWE® AND THE SAUDI GENERAL ENTERTAINMENT AUTHORITY EXPAND EVENT PARTNERSHIP

STAMFORD, CONN. and RIYADH, SAUDI ARABIA, November 4, 2019 – Following the historic Crown Jewel event in Riyadh, WWE (NYSE: WWE) and the Saudi General Entertainment Authority (GEA) have expanded their live event partnership through 2027 to include a second annual large-scale event. WWE and GEA also continue to work towards the completion of a media agreement in the MENA region.

This long-term partnership demonstrates WWE and GEA’s commitment to bring sports entertainment to the region and supports Saudi Arabia’s Vision 2030.

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, pay-per-view, digital media and publishing platforms. WWE’s TV-PG, family-friendly programming can be seen in more than 800 million homes worldwide in 28 languages. WWE Network, the first-ever 24/7 over-the-top premium network that includes all live pay-per-views, scheduled programming and a massive video-on-demand library, is currently available in more than 180 countries. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich and Tokyo.

Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to www.wwe.com/worldwide/.

[eJm]

Ahh, the Rajah effect I see.

Jesus H Christ.

[Oh Cry Me a Screwball]

Oh Vince, you sure about this one?

[David-Arquette was in WCW 2000]

Huh..

[Deleted]

f***ing idiots.

[cjh]

Didn't WWE sign a 10-year deal for 2 shows per year in 2017?

[XIII]

[Steveweiser]

Also notable that this press release says that they will be adding a second live event each year... they've done trips in 2018 and 2019, both of which have included TWO LIVE EVENTS.

[TWERKIN' MAGGLE]

Nov 4, 2019 16:32:00 GMT -5 cjh said:

Didn't WWE sign a 10-year deal for 2 shows per year in 2017?

One show.

The second show a year has just been paid for out of pocket and not part of the original deal.

[Oh Cry Me a Screwball]

Nov 4, 2019 16:32:29 GMT -5 Steveweiser said:

Also notable that this press release says that they will be adding a second live event each year... they've done trips in 2018 and 2019, both of which have included TWO LIVE EVENTS.

So, is this just the Blood Money equivalent of signing Gunner to multi year deals, possibly in an attempt to get the stock price back up?

[Cyno]

They just seem to be repeating what the deal was already understood to be (10 years, 2 live events each).

If this is their attempt at damage control, then maybe this company really is more incompetent beyond just Crazy Senile Vince than I expected.

[ben:friendship frog]

Nov 4, 2019 16:33:15 GMT -5 TWERKIN' MAGGLE said:

Nov 4, 2019 16:32:00 GMT -5 cjh said:

Didn't WWE sign a 10-year deal for 2 shows per year in 2017?

One show.

The second show a year has just been paid for out of pocket and not part of the original deal.

So nothing has actually changed, its just more official now?

[cjh]

Nov 4, 2019 16:33:15 GMT -5 TWERKIN' MAGGLE said:

Nov 4, 2019 16:32:00 GMT -5 cjh said:

Didn't WWE sign a 10-year deal for 2 shows per year in 2017?

One show.

The second show a year has just been paid for out of pocket and not part of the original deal.

When was this reported?  I have never heard this.  So who's paying for Crown Jewel?  It was said that the Saudis were late paying for the June show with Goldberg/Undertaker.

[Brian Suntan]

Nov 4, 2019 16:34:00 GMT -5 Oh Cry Me a Screwball said:

Nov 4, 2019 16:32:29 GMT -5 Steveweiser said:

Also notable that this press release says that they will be adding a second live event each year... they've done trips in 2018 and 2019, both of which have included TWO LIVE EVENTS.

So, is this just the Blood Money equivalent of signing Gunner to multi year deals, possibly in an attempt to get the stock price back up?

Seems like it's just formalising what they've been doing already in practice (two shows rather than one).

Very much 'we're all friends, nothing to see here', for sure.

Sweepstake on who'll be the first WWE contracted wrestler to post a passive agressive tweet?

[David-Arquette was in WCW 2000]

Nov 4, 2019 16:33:15 GMT -5 TWERKIN' MAGGLE said:

Nov 4, 2019 16:32:00 GMT -5 cjh said:

Didn't WWE sign a 10-year deal for 2 shows per year in 2017?

One show.

The second show a year has just been paid for out of pocket and not part of the original deal.

Then no wonder there was a dispute over payment owed for it, no?

[Allie Kitsune]

Vince gonna Vince.

[Final Countdown Jones]

This is a nightmare hell mess and f*** this company for doubling down on these bad ideas when their roster is scared shitless. Vince only cares about lining his pockets at the expense of everyone else.

[Sir Woodrow]

These dumb f***ers deserve all the scorn they get

[Pushed to the Moon]

I'm sure the roster is overjoyed!

[Session Moth is over]

Such an insane time to be a wrestling fan.