![]() In the last 12 months shares of World Wrestling Entertainment Inc. However, Wall Street already appears to be very optimistic about the entertainment company. The test will be how potential buyers value WWE’s social media presence and that potential going forward. Increased sports viewership has put a premium on the value of organizations with a large following and that moves WWE to the front of the line for companies looking to expand into new areas, said Zook, particularly when seeking to reach key demographics willing to spend. “The viral, fan-service nature of their content is how they have built so much staying power.” “It has consistently found ways to generate interest and stay ahead of the growing changes in consumer behavior,” Zook said. That photo has been viewed more than 23 million times and that number keeps rising.Ĭonstant innovations that are blended with entertainment sets WWE apart on social media platforms, said Christopher Zook, chairman and chief investment officer of CAZ Investments. The online presence of the company is so pervasive that it seeps into the social media posts from some of the world’s biggest athletes.Īfter defeating the Philadelphia Eagles in Super Bowl LVII, Kansas City Chiefs quarterback and MVP Patrick Mahomes posted a photo of himself on Twitter holding the Vince Lombardi trophy in one hand, and a WWE belt in the other. It churns out new content from television shows and premium live events all year long and its fans eat it up. Part of the reason is that, unlike the NFL, NBA and MLB, the WWE has no off season. James H.Montana close to becoming 1st state to completely ban TikTok WWE’s Seth Rollins on his dream #WrestleMania match (with HBK), working with HHH in charge and his thoughts on SoFi Stadium. It’s a lot of the same but a little bit different like stepping into a wormhole of some parallel universe where it’s all WWE with the same people you knew, love, and worked with before but now it’s just going in a different direction.” “It’s exciting,” Seth Rollins, a former WWE champion, said about the recent changes. McMahon’s retirement followed an internal investigation by the WWE’s board of directors and allegations of sexual misconduct made by previous employees. Triple H was named WWE’s Head of Creative following the retirement of Vince McMahon in late July. It will be the first time WrestleMania has returned to Southern California since 2005 when Dave Bautista and Triple H competed in the main event for WrestleMania 21 in Los Angeles. This year’s card featured “Stone Cold” Steve Austin, Pat McAfee, Logan Paul and Brock Lesnar. WrestleMania 38 attracted 156,352 people to AT&T Stadium this past April and generated $206.5 million for the Dallas/Arlington region, according to a WWE press release. Related Articlesĭan Snyder agrees to $6.05 billion sale of NFL’s Commanders The event is expected to have a significant economic impact on the local community, similar to this year’s show. There will also be a WWE Hall of Fame ceremony, WrestleMania Axxess (meet and greet), and various community-based events. Smackdown will be held on March 31 and RAW take place on April 3. WWE will not only take over SoFi Stadium with the two-day WrestleMania event on April 1-2, but will broadcast both of its weekly television shows at arena to bookend the weekend. “There’s always that curiosity and wonder if he will come back to battle with Roman Reigns.”īoth Johnson and Reigns, the current undisputed universal champion, are members of the Anoa’i family and former NCAA Division I college football players. “There’s no secret that one of the biggest superstars in WWE history just so happens to be out here a lot in Dwayne ‘The Rock’ Johnson,” O’Neil said. O’Neil mentioned that the event may also feature a few surprises. “We have something on the card for folks that are young and old.” “We will be sold out,” O’Neil told the Southern California News Group in July. Titus O’Neil, a WWE wrestler and ambassador, was in attendance at SoFi Stadium at Super Bowl LVI in February and believes the wrestling event has the potential to be a much bigger spectacle in the same venue.
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