CEO On Why Undertaker's Streak Ended & Advice For WWE, A First For WWE Studios, Stock Update

CEO On Why Undertaker's Streak Ended & Advice For WWE, A First For WWE Studios, Stock Update
- Equity research firm Belus Capital Advisors CEO Brian Sozzi spoke to Yahoo! Finance about WWE stock tanking this week. Sozzi noted the weaker-than-expected Network subscription numbers, and feels that The Undertaker's streak was sacrificed to bolster post-WrestleMania Network registrations. Sozzi also provided some advice to the company and suggested an off-season, strengthening the drug policy (noting the relaxation of the Therapeutic Use Exception and the three strikes policy last summer) and to take better care of retired wrestlers. You can watch it at this link.

- WWE stock fell another 3.93% today to $20.29. The stock is down 33% since the company announced this past Monday that the WWE Network has 667,287 subscribers.

- WWE Studios latest release, Oculus, opened today. In a first for the company, the movie opened to positive reviews. The movie is at a 71% on movie aggregator site RottenTomatoes.com (a 60% is considered good).

BigTuna212 contributed to this article. Follow Raj Giri on Twitter at @RajGiri_303. Got a news tip or correction? Send it to us by clicking here.

Short URL: http://www.WrestlingInc.com/wi/news/2014/0411/573091/ceo-on-why-undertaker-streak-ended/

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