World Wrestling Entertainment Shares Hit Rock Bottom in 2019, but Can It Kick Out of the Slump?

World Wrestling Entertainment (NYSE:WWE) shares dropped 36% to $63.50 from April to August 2019, before stabilizing for several months. Following Q3 earnings, the stock sank again, this time dropping 18% to $55.70. The initial decline followed an earnings report that included falling revenue across multiple segments and net losses, which the sports entertainment company attributed to on-air talent missing time due to injuries. While company management pointed to returning wrestlers and the launch of televised events on Fox (NASDAQ:FOX) as reasons for optimism later in the year, Q3 earnings showed continued weakness. Quarterly revenues once again fell 1.1% year-over-year,…

3 Things To Know About The Rise Of Impact Entertainment

Social consciousness is a larger part of the public consciousness than ever before. As such, brands, media companies, and corporations are seeking to connect with the country’s ever growing, socially conscious consumer base in the emerging category of impact entertainment: media at the cross section of traditional entertainment and content that sheds light on social issues and impact. SoulPancake and Participant Media, in partnership with Brand Storytelling, set out to capture the marketing community’s perspective and thoughts surrounding the use of traditional entertainment to spotlight and impact issues like climate…

3 Reasons Why Caesars Entertainment Is Rebounding After Bankruptcy

Filing for bankruptcy protection marks the beginning of the end for many corporations. Then there are entities like Caesars Entertainment (NASDAQ:CZR). What happens in Vegas usually stays in Vegas, but the story of Caesars’ bankruptcy and the casino stock’s comeback has remained in the financial news section of newspapers, websites, and blogs for years. IMAGE SOURCE: GETTY IMAGES Caesars’ spiral toward bankruptcy protection began in 2006 when the company became the target of one of the wildest leveraged buyouts (LBO) in U.S. history. Even worse, the LBO happened just before the Great Recession of…