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WWE signs new deal that will put 'Smackdown' on Fox

WWE WWE, +0.24% announced Tuesday afternoon that it has signed a brand new deal for its maximum outstanding wrestling programming, "Monday Night Raw" and "Smackdown," with USA Network and Fox Sports. The new deal will stay Monday Night Raw on Comcast Corp. CMCSA, -1.03% -owned USA, whilst Smackdown Live will air at the Fox broadcast community on Friday nights. The five-year deal with Comcast's NBCUniversal and 21st Century Fox FOX, -0.98% will more than triple the once a year value of WWE's U.S. distribution rights, WWE stated, increasing it via three.6 instances. While WWE did not say precisely how much the contract is value and detailed a number of shifting portions, it did give some figures, pronouncing that core content material income will develop to about $331 million in 2019 and $462 million in 2021 from $130 million in 2014 and roughly $235 million in 2018. WWE stated it could proportion extra long-term financial effects after signing distribution offers in the U.K. via the tip of the 12 months and India via halfway through 2019. The company plans a conference name Wednesday morning to discuss the offers as neatly. WWE inventory ticked up a penny in after-hours trading following a achieve of 0.2% in the common consultation to $66.61. The wrestling company's inventory has more than doubled this 12 months, together with an enormous spike last month after reports of a $1 billion deal with Fox surfaced, gaining 117.nine% as the S&P 500 index SPX, +0.22% has higher 1.6%.