WWE® and StubHub Announce Multi-Year Agreement
STAMFORD, Conn.–(BUSINESS WIRE)–WWE (NYSE:WWE) and StubHub today announced they have reached a
multi-year agreement, naming StubHub the company’s exclusive ticket
resale marketplace for fans in the United States and Canada. Through
StubHub, WWE’s passionate fan base will have a trusted destination for
buying and selling tickets for the most sought-after WWE events.
The agreement is in place in time for fans still looking for ticket
options for WrestleMania® 33, which
takes place this Sunday, April 2 at the Orlando Citrus Bowl. In addition
to WrestleMania 33, fans can also use StubHub to see ticket
options for the 2017 WWE Hall of Fame Induction Ceremony at the
Amway Center on Friday, March 31; NXT®
TakeOver® at the Amway Center on Saturday, April 1;
Monday Night Raw® at the Amway Center on
Monday, April 3; and SmackDown® Live at
the Amway Center on Tuesday, April 4.
“Our partnership with StubHub will give fans greater access to hundreds
of WWE live events,” said Paul Levesque, WWE’s Executive Vice President,
Talent, Live Events and Creative. “StubHub will also provide our fans
with exceptional customer service and a secure ticket resale marketplace
just in time for all the events of WrestleMania week in Orlando.”
“StubHub is thrilled to be WWE’s first-ever secondary ticket partner as
we prepare for one of the biggest events of the year, WrestleMania,
this weekend,” said StubHub General Manager, North America Perkins
Miller. “WWE is one of the largest global brands for live events,
commerce, and programming, and we look forward to providing their fans
with the industry’s leading ticketing technology, exceptional customer
service and our robust buying-and-selling marketplace throughout North
America.”
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated media
organization and recognized leader in global entertainment. The company
consists of a portfolio of businesses that create and deliver original
content 52 weeks a year to a global audience. WWE is committed to family
friendly entertainment on its television programming, pay-per-view,
digital media and publishing platforms. WWE programming reaches more
than 650 million homes worldwide in 25 languages. WWE Network, the
first-ever 24/7 over-the-top premium network that includes all live
pay-per-views, scheduled programming and a massive video-on-demand
library, is currently available in more than 180 countries. The company
is headquartered in Stamford, Conn., with offices in New York, Los
Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich
and Tokyo.
Additional information on WWE (NYSE: WWE) can be found at wwe.com and
corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/
About StubHub
At StubHub, our mission is simple: help fans find fun. We connect fans
with their favorite teams, shows and artists and introduce them to the
ones they’ll love next. As the largest ticket marketplace in the U.S.,
we enable fans to buy and sell tickets to tens of thousands of events,
whenever they want, through our desktop and mobile experiences,
including our StubHub and StubHub Music apps for iPhone, iPad, Apple
Watch and Android. Offering a superior fan experience at its core,
StubHub reinvented the ticket resale market in 2000 and continues to
lead it through innovation. Our industry firsts include the introduction
of the first ticketing application and the first interactive seat
mapping tool. Our business partners include more than 60 teams in MLB,
NBA, NHL, MLS and NCAA, plus AEG, AXS and Spectra Ticketing & Fan
Engagement. Throughout North America, the United Kingdom and Germany,
StubHub provides the total end-to-end event going experience. StubHub is
an eBay company (NASDAQ: EBAY). For more information on StubHub, visit
StubHub.com or follow @StubHub on Twitter, Facebook and Instagram or
YouTube.com/StubHub.
Trademarks: All WWE programming, talent names, images, likenesses,
slogans, wrestling moves, trademarks, logos and copyrights are the
exclusive property of WWE and its subsidiaries. All other trademarks,
logos and copyrights are the property of their respective owners.
Forward-Looking Statements: This press release contains forward-looking
statements pursuant to the safe harbor provisions of the Securities
Litigation Reform Act of 1995, which are subject to various risks and
uncertainties. These risks and uncertainties include, without
limitation, risks relating to: WWE Network; major distribution
agreements; our need to continue to develop creative and entertaining
programs and events; the possibility of a decline in the popularity of
our brand of sports entertainment; the continued importance of key
performers and the services of Vincent K. McMahon; possible adverse
changes in the regulatory atmosphere and related private sector
initiatives; the highly competitive, rapidly changing and increasingly
fragmented nature of the markets in which we operate and greater
financial resources or marketplace presence of many of our competitors;
uncertainties associated with international markets; our difficulty or
inability to promote and conduct our live events and/or other businesses
if we do not comply with applicable regulations; our dependence on our
intellectual property rights, our need to protect those rights, and the
risks of our infringement of others’ intellectual property rights; the
complexity of our rights agreements across distribution mechanisms and
geographical areas; potential substantial liability in the event of
accidents or injuries occurring during our physically demanding events
including, without limitation, claims relating to CTE; large public
events as well as travel to and from such events; our feature film
business; our expansion into new or complementary businesses and/or
strategic investments; our computer systems and online operations; a
possible decline in general economic conditions and disruption in
financial markets; our accounts receivable; our revolving credit
facility; litigation; our potential failure to meet market expectations
for our financial performance, which could adversely affect our stock;
Vincent K. McMahon exercises control over our affairs, and his interests
may conflict with the holders of our Class A common stock; a substantial
number of shares are eligible for sale by the McMahons and the sale, or
the perception of possible sales, of those shares could lower our stock
price; and the relatively small public “float” of our Class A common
stock. In addition, our dividend is dependent on a number of factors,
including, among other things, our liquidity and historical and
projected cash flow, strategic plan (including alternative uses of
capital), our financial results and condition, contractual and legal
restrictions on the payment of dividends (including under our revolving
credit facility), general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant.
Forward-looking statements made by the Company speak only as of the date
made and are subject to change without any obligation on the part of the
Company to update or revise them. Undue reliance should not be placed on
these statements. For more information about risks and uncertainties
associated with the Company’s business, please refer to the
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” and “Risk Factors” sections of the Company’s SEC filings,
including, but not limited to, our annual report on Form 10-K and
quarterly reports on Form 10-Q.
Contacts
WWE
Media:
Chris
Bellitti, 203-352-8759
Christopher.Bellitti@wwecorp.com
or
StubHub
Alison
Salcedo, 310-947-2648
alsalcedo@stubhub.com
