Stephanie McMahon: “There’s No Reason Why We Can’t Be As Big Or Bigger Than Disney”
Stephanie McMahon makes a bold statement.
Speaking with CNBC’s Elizabeth Schulze at Web Summit in Lisbon, Portugal, McMahon was asked where she sees WWE in ten years. McMahon has high hopes for the company a decade from now.
“10-20-30 years from now, there’s no reason why we can’t be as big or bigger than Disney,” McMahon said. “Now that’s a tall order, especially given recent transactions. However, there’s no reason why we can’t get there. You have to dream big, have big, bold goals, and go after them.”
According to The Big Lead, WWE’s market cap is $5.8 billion while Disney’s is $172.7 billion.
WWE business has been up this year thanks to new television deals and a ten-year deal with Saudi Arabia. The stock price hit an all-time high this year following the announcement of the $1 billion television deal with FOX. Despite the highs, their prices are still well below those of Disney.
Disney purchased 21st Century Fox for $71.3 billion earlier this year and stands to make plenty of money on the deal as they now own Marvel, Avatar, Star Wars, and other profitable movie/television franchises.
You can view the full interview with Stephanie in the video above.
