World Wrestling Entertainment Inc. entered into a multiyear extension of its home video licensing partnership with Gaiam Vivendi Entertainment (GVE). The new agreement will continue to give GVE distribution rights to release 12 WWE pay-per-view events each year, including "WrestleMania" and "SummerSlam," as well as a catalog of collectible titles throughout the U.S. on physical and digital platforms.

World Wrestling Entertainment Inc. reported un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues totaled $124.0 million as compared to $123.1 million in the prior year quarter. Operating income was $6.1 million as compared to $16.0 million in the prior year quarter. Net income was $3.0 million, or $0.04 per share, as compared to $15.3 million, or $0.20 per share, in the prior year quarter. The company reported income before income taxes of $4.8 million compared to $16.5 million, net cash used in operating activities of $5.9 million compared to net cash provided by operating activities of $32.4 million, purchases of property and equipment and other assets of $4.9 million compared to $13.3 million and free cash out flow of $10.8 million compared to free cash flow of $19.1 million in last year. Excluding items that impacted comparability on a year-over-year basis, adjusted operating income was $7.4 million as compared to $16.8 million in the prior year quarter, and adjusted net income was $3.9 million, or $0.05 per share, as compared to $11.7 million, or $0.16 per share, in the prior year quarter. The $38.3 million decrease in cash flow was driven by an approximate $12.3 million reduction in operating performance, an $11.0 million increase in the annual payout of management incentive compensation (with the return to a more normalized level of management compensation in 2012), an $8.0 million impact due to the recognition of an advance associated with the termination of video game license with THQ, and a $5.3 million increase in net tax payments.

WWE announced that its Board of Directors declared the Company's regular quarterly dividend of $0.12 per share for all Class A and B shares of common stock. The record date for the dividend will be June 14, 2013, and the payment date will be June 25, 2013.