NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP is investigating World Wrestling Entertainment Inc. (“WWE” or the “Company”) (NYSE:WWE) in connection with possible breaches of fiduciary duty.
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On May 16, 2014, the Company disclosed that it had reached a multiyear deal with NBCUniversal for its television programs Raw and SmackDown, stating that the annual value of its television distribution agreements is expected to reach $200 million, far below investor expectation. On a May 19, 2014 earnings call, Chairman and CEO Vince McMahon stated, “We were a little disappointed in our NBCU deal, quite frankly…” Shares of WWE are down from a close of $19.93 per share on May 15, 2014, to a recent close of just $10.96 per share on May 19, 2014.
If you own common stock in WWE and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/world-wrestling-entertainment-wwe.
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