BoboBrazil
Member
Sounds like someone overdid it at Ihop Free Pancake Day.
Thanks to the amazing business operation that is WWE Films, World Wrestling Entertainment had a money-losing quarter for the first time in a decade.
The bad news is that the company lost $13.1 million this quarter as compared to making a $14.4 million profit in this quarter last year (fourth quarter, October through December). The good news is that wrestling operations as a whole remained steady, and were it not for the movie studio losses, it would have been yet another stable, profitable quarter. Vince McMahon in his investor's call last week admitted that if the new three-picture deal with 20th Century Fox didn't pan out in a positive manner, they were not in the business of holding onto money-losing divisions in other words, they are open to dropping WWE Films if there isn't a turnaround.
The wrestling business news has its pluses and minuses as well. Although PPV was very slightly up this year, the reality is that it's only up for two reasons: The Rock and the fact that they scored several thousand "out of period buys" (meaning, buys from prior quarters that just now came in to be counted). The bad news is that without Rock, PPV was down across the board, and even Survivor Series, which he headlined, did a very disappointing buyrate (281,000 worldwide, 180,000 US). The good news is that Rock is back through WrestleMania, and it is believed that he'll be doing another match at SummerSlam this year and a third at next year's WrestleMania. So provided they don't burn him out, which is doubtful given he has movie commitments throughout the year, it should be another good two years of PPV revenue even if the rest of the shows see further minor declines.
In addition to losing $12 million on movies, they also spent $4 million on the WWE Network, which still has no launch date other than "sometime this year." Latest we heard was around November, but I would be surprised at all if that date was pushed back as well. Interestingly, for whatever this is worth, most of the various departments (consumer products, licensing, merchandise, digital media, etc.) saw declines this year, but WWE Classics, which is already off some cable providers and will likely be gone nationwide come WrestleMania, remained stable. WWE.com, which is pushed super hard on television, was down by almost half ($2.7 million versus $4.5 million last year) due to drops in advertising revenue. Live event revenue year-to-year was stable.
For the year, thanks entirely to wrestling operations, they grossed $483.9 million, up from $477.7 million last year. And by wrestling operations, I mean the impact Rock had on WrestleMania and Survivor Series this year. That's literally the entire reason, which makes it even more preposterous to hear wrestlers complaining about the Rock coming back to main event WrestleMania this year.
Vince McMahon in the investor's conference didn't sugarcoat anything, saying it was a "less than stellar quarter" that resulted in a less than stellar year. He blamed it all on the film division and "television licensing" in other words, money not received from NXT and Superstars, since the claim is that there is great demand for these shows (incorrect), and they are saving them to help kick off the WWE Network.
"I must say," Vince McMahon claimed with a straight face, "there has been never been a stronger demand for WWE product than there is now."
"Ratings" may not be important, but viewers absolutely does, and ratings are an indicator of who is watching. Hell, the main reason the WWE is launching a network is so that there will always be an avenue for them to display their product on TV (cable TV, that is). Vince fears that there will come a day when no network wants his product, so he's launching his own. Secondly, 2007 was a long time ago, and PPV buys are down. Thirdly, the reason why the WWE has made more money in the past decade is because they went public as a company, and they heavily expanded their merchandise and licensing department. That's their bread and butter, which is mainly advertised through TV.Cable tv is having a slow slow death. WWE makes A LOT of money. More then they did in the attitude era. Wrestlemania 23 in 07 had a bigger buyrate then any of the attitude era buyrates. But the attitude era had crazy ratings. So ratings are important to a degree but not like it used to be. If WWE was about to die do you think they would waste so much money on shitty movies and a pointless network?
STEALING THE SPOTLIGHT FROM THE MIZ BAW GAWDThe good news is that Rock is back through WrestleMania, and it is believed that he'll be doing another match at SummerSlam this year and a third at next year's WrestleMania.
When you have summer vacation do you still look at your books to learn shit? No, its a vacation..time off, time to relax..These guys gave YEARS of their lives to the business. Some of them barely saw their kids. Give them a break dude.JR did a lot for this company as well, he could just stay home and retire if wants and i'll accept it.
He certainly can do whatever he wants. He's earned that right as much as anyone for the years spent on the road and the stuff he's put his body through. But I think one of the biggest issues in the industry right now is that most of the veterans have little to no passion for the business anymore and only show up because they're asked to appear or to collect a paycheck. Nobody is sticking around out of a love for the business and helping the young guys fulfill their potential and it's a damn shame.
Jim Ross is another guy that has been bugging me as of late. He always tells people on Twitter he's still employed by WWE and in search of good, young talents but he doesn't attend Indy shows or watch DVD's put together by guys with wrestling experience. What does he do? He recruits college football players that don't make it to the NFL -- the guys that typically only go to FCW because they have nowhere else to go and because there can be big money made in WWE. So frustrating.
Apparently NXT is not ending even though this fucking season has been going on over a year already and now William Regal is the new GM of the show announced at tonight's taping.
Apparently NXT is not ending even though this fucking season has been going on over a year already and now William Regal is the new GM of the show announced at tonight's taping.
Is he going to turn the lights out on NXT?
I just remember what happened the last time a wrestler no-showed an event due to "food poisoning"...
"Regular cheeseburger? How about... A TAG TEAM PATTY PLAYA"Regal should be the GM of Raw, Aces should be the GM of Smackdown, and Teddy Long should be the GM of a Miami area Burger King franchise.
March Wrasslin |OT| Hacksaw Jim Duggan is salsa dancing
Regal should be the GM of Raw, Aces should be the GM of Smackdown, and Teddy Long should be the GM of a Miami area Burger King franchise.
I think you had a mild stroke while making that post, because it became nonsensical near the beginning, and then came back on track.Johnny Ace should wrestle.
Teddy Long retire - he can afford to, right?
Pinkie Pie should guest host Raw.
Rainbow Dash should guest host Smackdown!
Drew McIntyre deserves another title run - maybe as World champ instead of that boring Daniel Bryan.
Eve is a terrible actress and should be stripped.
CM Punk should replace Michael Cole.
Cole should be a heel manager and have a creepy love affair story line with Vickie.
Rehire Jeff Hardly and make him the GM of both shows
I think you had a mild stroke while making that post, because it became nonsensical near the beginning, and then came back on track.
I'll come clean here: Despite all the posts talking about it, I still refuse to believe Goldust vs. Rhodes was an actual thing being discussed.Awww. Looks like Goldust doesn't get his WM match.
I'm sure all the people he's blocked on Twitter feel terrible for him.
Eve is a terrible actress and should be stripped.
I'll come clean here: Despite all the posts talking about it, I still refuse to believe Goldust vs. Rhodes was an actual thing being discussed.
Smackdown spoiler
Kane interfered during Orton/Bryan. Kane is cutting a promo on Orton so looks like Kane vs Orton at Mania? What about Zack Ryder??????????
Wrestling? On a wrestling show? MON DIEUOf course not. That's a good idea that would lead to good matches and could've made use of the family's wrestling history...why would they want any of that?
Just let Cody give Big Show his Wrestlemania moment by winning a meaningless title against a meaningless opponent.
Smackdown spoiler
Kane interfered during Orton/Bryan. Kane is cutting a promo on Orton so looks like Kane vs Orton at Mania? What about Zack Ryder??????????
Smackdown spoiler
Kane interfered during Orton/Bryan. Kane is cutting a promo on Orton so looks like Kane vs Orton at Mania? What about Zack Ryder??????????
Smackdown spoiler
Kane interfered during Orton/Bryan. Kane is cutting a promo on Orton so looks like Kane vs Orton at Mania? What about Zack Ryder??????????
I'm okay with this.Smackdown spoiler
Kane interfered during Orton/Bryan. Kane is cutting a promo on Orton so looks like Kane vs Orton at Mania? What about Zack Ryder??????????
Also, check the NWA thread
Of course not. That's a good idea that would lead to good matches and could've made use of the family's wrestling history...why would they want any of that?
Just let Cody give Big Show his Wrestlemania moment by winning a meaningless title against a meaningless opponent.
I don't know. Honestly, who the hell really cares if it's Goldust/Cody or Cody/Show? No one will care either way.
When's the last time Goldust was a competitive wrestler? And when was the last time he actually put on a decent match? It'd probably suck even more nuts than Show/Cody will.Of course not. That's a good idea that would lead to good matches and could've made use of the family's wrestling history...why would they want any of that?
Just let Cody give Big Show his Wrestlemania moment by winning a meaningless title against a meaningless opponent.
You wrote this on your wrist.Entertaining meaninglessness >>> boring meaninglessness.
I'm thinking of what's best for the people. The people don't care for Cody/Goldy less than they don't care for Cody/Big Show....or something.
When's the last time Goldust was a competitive wrestler? And when was the last time he actually put on a decent match? It'd probably suck even more nuts than Show/Cody will.
You wrote this on your wrist.
"Bryan Alvarez ‏ @bryanalvarez
Crowd chanting YES every time Bryan throws strike"
Oh man this is great.
THIS MUST CATCH ON![]()
Unfortunately it was during the dark match so it won't be broadcast on tv.
any word if MITB is making a comeback at WM?
any word if MITB is making a comeback at WM?
ODB & Eric Young defeated Gail Kim & Madison Rayne to become the new TNA Knockouts Tag Team Champions. Yes, Eric Young is now holding a women's title. After the match, Young asked ODB to marry him and she said yes. Young jumped into ODB's arms and she carried him off.
Honest question.
How many people here keep up with ROH's TV show on a regular basis?
I lost the motivation to watch it awhile ago and was wondering if it's worth getting back into at this point.
Fixed..
I miss the piledriver
"Bryan Alvarez ‏ @bryanalvarez
Crowd chanting YES every time Bryan throws strike"
Oh man this is great.