Crise financeira na WWE!
FPW: Fórum de Pro Wrestling :: Wrestling :: Notícias :: WWE
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Crise financeira na WWE!
Wrestling Notícias escreveu:Com o anúncio de que a WWE conseguiu um contrato televisivo com valor 50% maior do que o anterior, os investidores da empresa, que esperavam um valor no mínimo 100% maior, causaram o que pode se chamar um dia negro na história da WWE.
As acções da companhia caíram de 19 para 11 dólares, levando a que no dia de hoje Vince McMahon perdesse 340 milhões de dólares. Em Dezembro passado, a WWE Network e a excitação que ela causou levaram a que McMahon se tornasse bilionário pela primeira vez desde 2000, elevando as acções da companhia pelo menos em 40%. Ainda neste ano de 2014, após o anúncio de que o canal online tinha apenas 650 mil assinantes, McMahon também havia perdido milhões, sendo mais de 300 milhões, também naquela oportunidade. Ainda assim, ele ainda havia se mantido na casa dos bilionários. No entanto, isto não durou muito, e hoje o chairman volta a condição de milionário.
Muito se especula sobre o que se passa a seguir, na medida que os investidores também agora sabem que a WWE Network precisará de no mínimo 1,3 milhões de subscritores para que a empresa não perca dinheiro, comparado aos PPVs que antes cobravam 50 dólares. Surgem rumores, inclusive, de que Vince McMahon já procura investidores que queiram comprar a WWE.
Só no dia de ontem foram trocadas 41 milhões de acções. O número de médio e transições por dia vinha a ser de 1 milhão. Isto não quer dizer que toda a gente vendou as acções, pelo que muitas acções são vendidas várias vezes. O stock da WWE em bolsa está desvalorizado e isto porque eles com os valores financeiros que mostraram, o não terem atingido um milhão de subscritores no WWE Network e não terem conseguido duplicar a receita com os direitos de TV fez com que perdessem confiança em Wall Street.
Para complicar o problema que a WWE tem em mãos, o grupo financeiro, o Lemelson Capital aproveitou o baixo valor das acções e comprou uma grande quantidade e que lhes deu poder para pediram à direcção da WWE para alterar a equipa de gestão financeira pois a WWE tem vindo a perder constantemente dinheiro, tem tomado más decisões a nível financeiro e material
A resposta da WWE a este pedido não se fez esperar e a direcção da WWE marcou para a manhã de segunda-feira uma conferência com os accionistas.
Eis o comunicado:
STAMFORD, Conn., May 16, 2014 (BUSINESS WIRE) — WWE announced that it will host a conference call on Monday, May 19, 2014 to discuss the Company’s 2014 and 2015 Business Outlook. The Company’s Chairman & CEO, Vincent K. McMahon, and the Company’s Chief Strategy & Financial Officer, George Barrios, will host the conference call beginning at 11:00 a.m. ET.
All interested parties are welcome to listen to a live web cast that will be hosted through the Company’s web site at corporate.wwe.com . Participants can access the conference call by dialing 1-888-424-8151 or 1-847-585-4422 using the passcode: 7849998. Please reserve a line 15 minutes prior to the start time of the conference call.
The Company’s Business Outlook release to be referenced during the call is available at ir.corporate.wwe.com. A replay of the call will be available after the conference call concludes, and can be accessed on the Company’s web site.
- Notícia em inglês:
- Vince McMahon lost $350 million as of market close on Friday, as shares in his WWE took a beating from investors. The stock was down more than 40% since the market open. In fact, the stock, which had closed just below $20 on Thursday, opened down below $11. That immediately knocked the WWE boss out of the billionaire ranks, putting his net worth now at an estimated $750 million.
The stock fell after news that WWE had signed a new television deal with NBCUniversal for less than some investors had hoped. Benchmark analyst Mike Hickey estimated WWE got a 50% raise over its last TV agreement, but he expected the new deal to pay WWE double or triple its previous one.
“The company’s valuation could take a heavy beating this morning, as the new domestic TV deal with NBCUniversal likely disappointed investors,” he wrote in a report downgrading the price target for the company’s stock from $29.12 to $19.96.
WWE executives kept an even tone but offered little additional guidance. “We never commented publicly on the expectation,” said George Barrios, chief strategy and financial officer. “We said we were undervalued by the math that we had done.”
The new TV deal hit at a turbulent time for WWE and McMahon. The company’s shares shot up 89% in the first three months of 2014, and McMahon’s net worth peaked in mid-March at $1.6 billion. But shares dropped 29% the week after WWE announced its new online streaming network had only 667,000 subscribers, taking a $325 million chunk out of McMahon’s fortune. He remained a billionaire until this morning.
Some investors saw the trouble coming. Intrepid Capital Management, once WWE’s largest outside investor, sold its 10% stake in January. Intrepid’s Jayme Wiggins told Forbes in a feature story on McMahon that he thought the billionaire was getting too excited about his new online streaming network.
That concern remains, but Wiggins now has additional questions after reading the company’s financial projections provided in the news release about the TV deal. The online streaming network should break even when it has 1.5 million subscribers, according to Wiggins, but WWE said its operating income will be just $40-$60 million at that point—even with new TV deals that will add $90 million to the company’s revenue.
“The question is why their numbers are so low given this renewal,” Wiggins said. “With the information that they put out there, it seems to imply that their core business isn’t making money.”
It is possible that the TV deals have a steep escalation in later years, Wiggins cautioned, so WWE might not be getting $90 million a year by the time it reaches 1.5 million subscribers on the online network, which could account for the underwhelming projections.
“If that’s at play here, it could kind of mitigate all of this bearishness that’s happening today,” Wiggins said. “There is definitely some confusion here, which is why you’re seeing the stock drop.”
Barrios offered little to clear up the confusion. “I don’t want to talk about the specifics of how the contracts are structured,” he said. “I think it’s pretty typical that there is some escalation in them, but we haven’t gone into detail on any of that.”
Cutting TV deals is how McMahon built such a massive fortune in the first place. He got his start in 1972 working for his father’s small, regional wrestling promotions company. Ten years later, he bought out his father and set about taking WWE national. He used pay-per-view to jack up revenues and reach a national audience, making stars out of wrestlers like Hulk Hogan and turning himself into a TV personality in his own right. With TV numbers growing, attendance at live performances blew up.
McMahon became a billionaire for the first time in 2000, still holding onto a huge stake in the company. But WWE stock dropped a year later and didn’t recover that ground until January of this year, about 13 years or so later, when McMahon—who owns 52% today—rejoined the billionaire ranks. Now he’s down and out once again.
@Forbes
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Re: Crise financeira na WWE!
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Eles acabaram de ter uma subida no contrato televisivo mas 1) não foi tão grande quanto eles tinham prometido a investidores, 2) não compensa a perda de vendas de PPV.
Com o tempo, a ideia é a Network tornar-se substituto viável de PPV.
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Re: Crise financeira na WWE!
Fonte: WNPara além da quebra nos valores das suas acções em bolsa e consequente perda monetária, a WWE está agora a ser investigada e poderá ser acusada de ter inflacionado os valores das suas acções em bolsa com os diversos anúncios que foram feitos.
A investigação começou logo depois que foi anunciada a renovação do contrato com a NBCUniversal por um valor muito inferior ao que a WWE tinha anunciado há alguns meses atrás.
Eis o comunicado:
WWE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL:
Kahn Swick & Foti, LLC Investigates World Wrestling Entertainment Inc. Following Disclosure of Disappointing Distribution Agreement
NEW ORLEANS, May 16, 2014 (BUSINESS WIRE) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into World Wrestling Entertainment Inc.
On May 16, 2014, WWE disclosed that it had reached a multiyear deal with US broadcaster NBCUniversal for its long-running Raw and SmackDown programs, stating that the annual value of its television distribution agreements would reach $200 million, well below what investors were expecting. Daniel Moore, an analyst with CJS Securities, said in a research note that, “Given management’s more optimistic tone and the fact that other major sports franchises have garnered much higher increases, this outcome is likely to be viewed as disappointing by many investors.”
On this news, the value of WWE’s stock plummeted by over 43%.
KSF’s investigation is focusing on whether WWE and/or its officers and directors violated state or federal securities laws.
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn ( lewis.kahn@ksfcounsel.com ) or KSF Partner Melinda Nicholson ( melinda.nicholson@ksfcounsel.com ) toll free at 1-877-515-1850.
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FPW: Fórum de Pro Wrestling :: Wrestling :: Notícias :: WWE