Categories: Wrestling News

WWE Secures Big Partnership, Stock Rises On Earnings

— As of press time, WWE’s stock was trading at 14.14, which marks a 4.42% increase over yesterday’s close. While the broader market was up by about 1.5%, a portion of the price rise can undoubtedly be attributed to WWE beating earnings estimates and forecasting solid growth going forward.

— In a conference call for its own earnings statement, WWE videogame partner THQ confirmed that it has renewed its license with the wrestling company through 2014. Under terms of the deal, THQ will apparently develop more WWE titles to capitalize on additional market opportunities.

Brian Cantor

Brian Cantor is the editor-in-chief for Headline Planet. He has been a leading reporter in the music, movie, television and sporting spaces since 2002. Brian's reporting has been cited by major websites like BuzzFeed, Billboard, the New Yorker and The Fader -- and shared by celebrities like Taylor Swift, Justin Bieber and Nicki Minaj. Contact Brian at brian.cantor[at]headlineplanet.com.

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