Fox CEO talks WWE media rights negotiations

[Chris]

Fox says it has not engaged with WWE on a new media rights deal but are ready to do so "when they ask."

Company CEO Lachlan Murdoch spoke at the Morgan Stanley Tech Media and Telecom conference on Thursday and was asked about Fox potentially renewing its television deal with WWE.

Murdoch said:

I think they've been great partners, they've been great partners throughout our partnership, our relationship. If they ultimately sell the business, I hope the acquirer... or I'm sure the acquirer will be as good a partner as they've been. I hope the management team stays intact because they've done a tremendous job.
From a rights point of view, we're focused on their rights renewal. We haven't engaged with them on the rights yet, we're ready to engage with them when they ask, when they're ready. But ultimately, our appetite for renewal depends on what happens with the rest of our sports portfolio.

WWE signed a five-year deal with Fox for the rights to SmackDown in 2018 with the show moving to the network on October 4, 2019. The first episode saw Brock Lesnar win the WWE Championship by defeating Kofi Kingston in just seven seconds. WWE is believed to be making $205 million annually for the rights to the show. The agreement is set to expire in 2024.

WWE CEO Nick Khan stated in January that the company will not engage in talks on media rights deals until after a potential sale. He then noted in February that a sale could take place in as little as "three months."

https://www.f4wonline.com/news/wwe/fox-ceo-were-ready-to-engage-on-wwe-rights-renewal-when-they-ask

 

[Deezy]

Damn Fox.....you being too thirsty....not sposed to show them you interested.

Now you can't even play it cool now.

 

[Wangman Page]

The very last sentence also shows that if ratings and other sports things arise they won't be included

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