George Barrios shares his thoughts on WWE's recent TV deals and talks stock.
This past Thursday WWE Chairman Vince McMahon and the company's co-Presidents George Barrios and Michelle Wilson held a conference call having to do with WWE's Q2 report for 2018. In WWE's press release concerning their Q2 earnings it was shown that the sports-entertainment company has had a very positive 2018 thus far stemming from the uprise in their stock price, their relationship with the Saudi GSA to present the 'Greatest Royal Rumble' event and their new TV deals with FOX and USA Network.
WWE co-President George Barrios joined CNBC's 'Closing Bell' and discussed shares of WWE going up nearly 290 percent over the past year and the company's stock rising consistently. Barrios also touched on WWE's recently announced television deals which have to do with their weekly Tuesday night program 'SmackDown Live' moving over to FOX beginning in the fall of 2019 and the company renewing their deal with USA Network to keep Monday Night RAW on the network. Barrios described the deals as transformational for WWE.
“Yeah look, we’ve been on a tear for a while--executing our digital strategy, our direct-to-consumer strategy, growing the global business, we saw it in the results in Q2 but certainly, the deals we signed with FOX and with USA that we announced about a month ago are transformational for us”. Barrios said.
To take a look at WWE's press release from their Q2 report, click here, and Fightful has an article published that has highlights from the conference call which took place this Thursday.