WWE signs multi-year exclusive license rights agreement with IGT to develop omnichannel lottery games


WWE posted the following:

WWE® signs multi-year agreement with IGT for exclusive license rights to develop omnichannel lottery games

STAMFORD, Connecticut– (BUSINESS WIRE) – WWE® (NYSE: WWE) announced that it has entered into an exclusive multi-year license agreement with International Game Technology PLC (“IGT”) (NYSE: IGT) to develop and distribute WWE – Games Omnichannel branded lottery and turnkey promotional programs featuring corporate logos, superstars, events and programs.

“IGT is the undisputed leader of the lottery and gaming industry, and we look forward to working together to bring our intellectual property to our fans and our lottery games around the world,” said Alex Varga, vice president of WWE, Revenue Strategy & Development. . “This is an exciting opportunity for us to continue to build on the strong intersection between the WWE Universe and another segment of the gaming landscape.”

“The WWE brand has a wide appeal that reaches various age groups and cultural demographics in many geographies,” said Jay Gendron, IGT COO, Lottery. “IGT looks forward to merging the unique strengths of WWE with IGT’s lottery expertise to create engaging, high-quality games and second-chance promotional opportunities for our global customers and their players. “

Additional information on WWE (NYSE: WWE) is available at wwe.com and corporate.wwe.com. For more information on IGT Lottery activities, visit igt.com and follow IGT on LinkedIn.

About WWE

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and a recognized leader in global entertainment. The company is made up of a portfolio of companies that create and deliver original content 52 weeks a year to a global audience. WWE is committed to providing family-friendly entertainment on its television programming, premium live events, digital media and publishing platforms. WWE TV-PG programming can be viewed in over 900 million homes worldwide in 28 languages ​​through world-class distribution partners including NBCUniversal, TBEN Sports, BT Sport, Sony India and Rogers. WWE’s award-winning network includes all premium live events, scheduled programming and an extensive VOD library and is currently available in over 180 countries. In the United States, NBCUniversal Peacock’s streaming service is the exclusive home of the WWE Network.

About IGT

IGT (NYSE: IGT) is the world’s premier gaming company. We provide fun and responsible gaming experiences for players across all regulated channels and segments, from slots and lotteries to sports and digital betting. Leveraging a wealth of compelling content, substantial investments in innovation, player insight, operational expertise and cutting-edge technology, our solutions deliver unparalleled gaming experiences that engage gamers and drive growth. . . We have a well-established local presence and relationships with governments and regulators in over 100 countries around the world, and create value by adhering to the highest standards of service, integrity and accountability. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Trademarks: All WWE programming, talent names, images, likenesses, taglines, wrestling moves, trademarks, logos and copyrights are the sole property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners. © 2022 WWE. All rights reserved. Macho Man Randy SavageTM licensed from CMG Brands, LLC.

Forward-Looking Statements: This press release contains forward-looking statements in accordance with 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, but are not limited to, risks related to: the impact of the COVID-19 epidemic on our business, results of operations and financial condition; enter into, maintain and renew major distribution agreements; a rapidly changing media landscape; WWE Network (including the risk that we may not be able to attract, retain and renew subscribers); our need to continue to develop creative and entertaining programs and events; the potential for declining popularity of our sports entertainment brand; the continued importance of key artists and the services of Vincent K. McMahon; possible adverse changes in the regulatory environment and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and the greater financial resources or market presence of many of our competitors; uncertainties associated with international markets, including possible disruptions and reputational risks; our difficulty or inability to promote and organize our live events and / or other activities if we do not comply with applicable regulations; our reliance on our intellectual property rights, our need to protect those rights and the potential for infringement of the intellectual property rights of others; the complexity of our rights agreements across distribution mechanisms and geographic areas; substantial potential liability for accidents or injuries occurring during our physically demanding events, including, without limitation, claims alleging traumatic brain injury; major public events as well as travel to and from such events; our feature film business; our expansion into new or complementary activities and / or strategic investments; our computer systems and online operations; privacy standards and regulations; possible deterioration of general economic conditions and disruption of financial markets; our accounts receivable; our indebtedness, including our convertible notes; litigation; our potential inability to meet market expectations for our financial performance, which could negatively affect our stock; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common shares; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of a possible sale, of such shares could cause the price of our shares to drop; and the volatility of our Class A common shares. In addition, our dividend is dependent on a number of factors including, but not limited to, our historical and projected liquidity and cash flow, our strategic plan (including including our other 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 any other factors that our board of directors may consider to be relevant. Forward-looking statements made by the Company speak only as of the date of their publication and are subject to change without any obligation on the part of the Company to update or revise them. These statements should not be relied on unduly. For more information on the risks and uncertainties associated with the Company’s business, please refer to the “Comments and Management’s Analysis of the Financial Position and Results of Operations” and “Risk Factors” sections of the filed documents. by the Company to the SEC, including, but not limited to our annual report on Form 10-K and quarterly reports on Form 10-Q.

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