Ari Emanuel Reveals Why TKO Holding Stock Suffered Major Loss Recently

WWE and UFC’s deal was finalized just last month, as the companies were featured in front of The New York Stock Exchange. Due to this, fans expected a lot of changes to take place and that’s exactly what happened. Smackdown will be moving to the USA Network next year and now Ari Emanuel explained why TKO Holding’s stock suffered major losses recently.

For a very long time now, there were talks of Fox distancing itself from WWE after revealing the annual losses it suffered as a result of its multi-year deal for Smackdown. This led to a lot of uncertainty for Friday Night Smackdown’s future, but fans finally know what will happen to the show.

As previously reported, SmackDown is going back to USA Network after signing a five-year deal with the network. It is slated to begin in 2024 and fans wonder whether it will benefit the company.

This led to TKO Holding’s stock suffering a huge hit recently. While speaking at Bloomberg’s Screentime conference, Endeavor and TKO’s CEO Ari Emanuel explained why WWE’s stock took a hit recently, which came down to three factors.

”I would say to you there’s plenty of interest in Raw, right now. I know people are like, ‘NBC is out of the mix’ and that’s why it went down. I think there’s three things that happened. One, the reason the stock is down is they thought Raw was the best package. I saw 40 percent increase which was in line with expectations… Two, the P.F.L. situation and three, probably Vince (McMahon) in our deal, wanted to be able to put, at any point in time, his stock. He’s 78 years old. He’s been working at this for decades and decades so, I think those three back-to-back issues…”

WWE’s fees for Friday Night Smackdown went up nearly 40% with their USA Network deal. We will have to wait and see whether Smackdown will prosper after returning to the USA Network next year.

What’s your opinion on what Ari Emanuel said? Do you think USA Network will be the best option for Smackdown? Let us know in the comments!