It was announced earlier today that Smackdown Live would be making its way to Fox in October 2019. Reportedly, the deal is worth $205 million over five years.
This billion dollar deal pushed WWE stocks to its highest close in history, ending the day at $57.86. They did dip near the end of the day, as they had been as high as $59.45 around the announcement of the Fox deal.
The company’s stock has risen a pretty large amount, as it was below $40 a month ago.
NBC Universal’s deal hasn’t been officially finalized, so it wouldn’t be surprising to see the company’s stock rise even higher later on in the year.