The WWE announced on Thursday the anticipated price point for its yet-to-be launched WWE Network. The WWE has set the monthly charge between $12.99 and $14.99 although no debut date was announced. The WWE has decided to pursue a premium subscription model similar to HBO and Showtime in which subscribers will pay a monthly charge for […]
financial
The Pro Wrestling Post: WWE Earnings for 3Q
The WWE announced its 3rd Quarter earnings on November 1st with mixed news as the company saw a decline in its profits and revenue from last year yet it beat analyst expectations. The big news from the earnings call is that the WWE has decided on a pay subscription model for its WWE Network. The […]
Report: UFC 151 cancellation estimated at a $40 million economic loss
MMA Fighting reports the financial impact of the cancellation of 151 caused a $40 million impact on all parties involved. Not only were fighters on the card financially impacted , but the trickle down of parties impacted by the loss including, hotels, taxis, restaurants, clubs and gambling revenue. The UFC had invested $2 million in […]
The Wrestling Post: WWE Earnings for 2nd Quarter
World Wrestling Entertainment announced its 2nd Quarter results for 2012. Revenues were off by $1 million from last year and there was no word on the launch of the WWE Network. The much-talked about Network and the much-maligned film division were the key reasons for the shortfall in this quarter’s revenues. Interestingly, the launch of […]
Zuffa Maintains “BB” Credit Rating After $50M Add-On
Standard and Poor’s February report states that it has maintained Zuffa’s credit rating at “BB” following a $50 million add-on proposed to it’s senior secured term loan, which now has a sum of $525 million. The issue-level rating on the term loan in ‘BB’, which is the same as the corporate credit rating, with a […]