WWE had a lot of explaining to do in their 2019 fourth quarter earnings call. Some questions were focused on the lack of television deals they have in some big markets.
The company touted their television deals that they were able to put in place in the last quarter. Two very important markets that they have yet to secure are India and the Middle East.
The company does have television right now in India, but their deal is running up. They also currently have a contract in the Middle East, but no television is airing. Instead, WWE fans in the Middle East have needed to figure out other ways to view WWE programming.
When asked about why it is taking so long for these deals to come together, Interim Chief Financial Officer Frank Riddick said:
“Regulatory changes have complicated negotiations, that is the primary reason for the delay there.”
We’ll have to see if WWE can make things come together in regards to securing those large markets. They certainly have a lot of fans who would love to be able to view WWE content.
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