TKO Stock Price Declines Following WWE-NBCU Deal, Moss-Aliyah-Benjamin Confirm Departure from WWE

TKO Stock Price Declines Following WWE-NBCU Deal, Moss-Aliyah-Benjamin Confirm Departure from WWE
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WWE SmackDown will return to the USA Network in October 2024 as part of a new five-year deal between NBCUniversal and WWE. The deal also includes four primetime quarterly specials on NBC.

The news resulted in a stock price drop for TKO Group Holdings. As of right now, the price is at $85.97 per share. This is a drop of about 18% from when it opened today at $100.87.

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WWE has released several talents today, including Riddick Moss, Aliyah, and Shelton Benjamin.

Moss, Aliyah, and Benjamin took to Twitter to address their departures from the company.

Moss wrote, Well I did it – I graduated from WWE. I know a lot of people think my career really took a downturn once Mr. Levesque took over, but, in actuality, my per match fee skyrocketed through the roof. Other promoters, get ready to back the brinks truck up.

Aliyah wrote, “As of today I am no longer apart of WWE.”

And finally, Benjamin tweeted, “I have been released from my wwe contract. I thank @wwe staff , talent, and of course the fans for Everything. Something ends, something new Begins. Looking forward to my next Chapter.”

You can keep up with all your wrestling news right here on eWrestlingNews.com. Or, you can follow us over on our Twitter and Facebook pages.

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WWE SmackDown Returns to USA Network in October 2024

In exciting news for wrestling fans, WWE SmackDown will be returning to the USA Network in October 2024. This comes as part of a new five-year deal between NBCUniversal and WWE, which also includes four primetime quarterly specials on NBC. The return of SmackDown to the USA Network is sure to bring in a large audience and continue the tradition of thrilling wrestling entertainment.

The announcement of this deal has had an impact on the stock price of TKO Group Holdings, the parent company of WWE. Currently, the stock price stands at $85.97 per share, representing a drop of about 18% from its opening price of $100.87. This decline may be attributed to various factors, including market reactions and investor sentiments. However, it is important to note that stock prices can fluctuate and may not necessarily reflect the long-term performance or value of a company.

In addition to the news about SmackDown’s return, WWE has also made headlines with the release of several talents. Riddick Moss, Aliyah, and Shelton Benjamin are among the wrestlers who have been let go by the company. These individuals took to Twitter to address their departures and express their gratitude to WWE and its fans.

Riddick Moss, in his tweet, mentioned that he considers his time with WWE as a graduation and emphasized that his per-match fee increased significantly during his tenure. He also hinted at future opportunities with other promoters, indicating his optimism for the next chapter in his career.

Aliyah kept her message concise, stating that she is no longer a part of WWE. While her departure may come as a surprise to some fans, it opens up new possibilities for her professional wrestling journey.

Shelton Benjamin expressed his gratitude towards WWE staff, talent, and fans in his tweet. He acknowledged that something ends, but something new begins, hinting at his eagerness to explore new opportunities outside of WWE.

These releases are not uncommon in the wrestling industry, as companies often make changes to their rosters to freshen up storylines and create space for new talent. Wrestlers who are released from WWE often find success in other promotions, showcasing their skills and building their careers further.

For fans who want to stay updated on all the latest wrestling news, eWrestlingNews.com is a reliable source. They provide comprehensive coverage of the wrestling world and offer updates on various platforms, including their website, Twitter, and Facebook pages.

In conclusion, the return of WWE SmackDown to the USA Network in October 2024 marks an exciting development for wrestling enthusiasts. While the stock price of TKO Group Holdings may have experienced a temporary drop, it is essential to consider the broader context and potential future growth. The release of Riddick Moss, Aliyah, and Shelton Benjamin from WWE opens up new opportunities for these talented wrestlers, and fans can look forward to seeing them thrive in their future endeavors.