Consumer Cyclicals articles

World Wrestling Entertainment Drops 13% Despite Subscriber Outlook; Analysts Cite Overvaluation

Shares of World Wrestling Entertainment (WWE) are down another 13% Monday even though the company announced that it expects to hit its goal of 1 million subscribers by the end of 2014, making it the fastest growing digital subscription service. This comes on the heels of a sold-out WWE event in News Orleans. The continued

IAC Buys Rights to South Korean TV Show ‘Crazy Market’; Financial Terms Not Disclosed

Media and Internet company IAC/InterActiveCorp’s (IACI) multimedia entertainment unit Electus said it bought the rights to South Korean TV show “Crazy Market” from CJ E&M. The acquisition marks Electus’s first deal in the country. Electus International plans to distribute the program globally at MIPTV. No financial details were provided.  

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