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WORLD WRESTLING ENTERTAINMENT, INC.

(WWE)
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World Wrestling Entertainment : WWE« NAMES CARLO NOHRA VICE PRESIDENT & GENERAL MANAGER, ASIA PACIFIC

10/27/2020 | 09:05am EDT

SINGAPORE and STAMFORD, CONN., October 27, 2020 - WWE (NYSE: WWE) today announced the appointment of Carlo Nohra as Vice President & General Manager, Asia Pacific. Previously, Nohra served as WWE Vice President & General Manager, MENA, where he successfully oversaw the consolidation of the company's media rights agreements, launched WWE's Arabic-language programming efforts, and expanded its live events strategy in the region.

In his new role, Nohra will lead WWE's strategic business initiatives and day-to-day operations in the APAC region and work with partners across all of WWE's lines of business, including television, live events, marketing, sponsorship, digital, licensing and merchandising. He will continue reporting directly to James Rosenstock, WWE Executive Vice President, International.

'Carlo is an experienced executive who has effectively built and maintained strong relationships with our partners in the MENA region,' said Rosenstock. 'We are confident Carlo will continue to enhance WWE's presence and increase engagement for our passionate fanbase in APAC.'

Prior to joining WWE, Nohra held Chief Executive Officer roles at Al Jazira Football Club, Al Ain Football Club and the UAE Football League. Prior to that, he served as Assistant General Secretary and Director of Competitions at the Asian Football Confederation and Vice President for Corporate Strategy at the World Sport Group.

Nohra's appointment builds on the WWE's longstanding commitment to the Asia Pacific region. Throughout its more than 20-year history in the region, the company has dramatically expanded its presence to reach more than 180 million households and a population in excess of 850 million across the 25 APAC countries in which WWE operates. WWE tours the region annually and in 2018 sold out Melbourne Cricket Ground for Super Show-Down with more than 70,000 fans in attendance.

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's TV-PG, family-friendly programming can be seen in more than 800 million homes worldwide in 28 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/.

Media Contact:

Mead Rust
203-352-1084
Mead.Rust@wwecorp.com

Investor Contact:
Michael Weitz
203-352-8642
Michael.Weitz@wwecorp.com

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: the impact of the COVID-19 outbreak on our business, results of operations and financial condition; entering, maintaining and renewing major distribution agreements; a rapidly evolving media landscape; WWE Network (including the risk that we are unable to attract, retain and renew subscribers); 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 including possible disruptions and reputational risks; 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 alleging traumatic brain injury; 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; privacy norms and regulations; a possible decline in general economic conditions and disruption in financial markets; our accounts receivable; our indebtedness including our convertible notes; 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 volatility 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.

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Disclaimer

WWE - World Wrestling Entertainment Inc. published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 14:04:05 UTC


ę Publicnow 2020
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Net income 2021 148 M - -
Net cash 2021 187 M - -
P/E ratio 2021 28,1x
Yield 2021 0,99%
Capitalization 3 710 M 3 710 M -
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Number of Analysts 13
Last Close Price 48,66 $
Average target price 60,31 $
Spread / Average Target 23,9%
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Vincent Kennedy McMahon Chairman & Chief Executive Officer
Nick Khan President, Director & Chief Revenue Officer
Kristina Marie Salen Chief Financial Officer
Bradley M. Blum Executive Vice President-Operations
Frank A. Riddick Independent Director
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