>>13757259Last summer WBD stock floated between $13-15 dollars. WBD has plummeted in value 35% in a single year, no signs of slowing down.
TKO stock would have to drop to about $74/share from it's **all time high** of $113.69 to match that 35% decline
Before you move into your next series of copes: the strikes were already priced in, other companies have recovered--WBD has not, and AEW is not getting a "big increase", they are getting cancelled. The reason Meltzer would only say AEW got a "big increase" for their option year, but wouldn't name the exact figure, is because it barely moved the needle. $500,000 is life-changing to most people, but if if you're making $50 million a year and get a 1% raise, that $500k is miniscule to you
AEW at it's current price, I'm sure WBD would have them on indefinitely, with a small inflation-adjusted bump each year. What they aren't going to get is a $200M/year fully-guaranteed deal when they're currently making about half that. They haven't shown they belong, they haven't shown they can bring in new Cable subscribers, they're just an also-ran promotion that sometimes pops a number because WWE fans get curious. Then they tune out the next week when we're back to Daniel Garcia vs Eddie Kingston main events
Pig Business will be a swan song of sorts. Expect an announcement soon that WBD will not be renewing AEW, and AEW will be seeking a new pig sty to wallow in.
