WWE'S $1.6 Billion Deal With ESPN Wows Some Wall Streeters, But Shares In Ari Emanuel-Run Parent TKO Dip

The WWE had long been expected to reap rewards for its lineup of 10 annual “premium live events” like Wrestlemania, but its $1.6 billion rights deal with ESPN unveiled Wednesday is drawing some extra attention on Wall Street. The agreement, whose financial terms were confirmed to Deadline by a source familiar with the details, succeeds a landmark pact with NBCUniversal’s Peacock. Despite raves in some corners, the deal has not managed to boost the stock of WWE parent TKO Group Holdings. Its shares declined ...