On Thursday, the WWE released its earnings report for the end of the year for 2012. While Q4 turned a profit, the bigger news was that it anticipates that the company could double or triple its 2012 earnings by 2015 with the aid of the WWE Network. One big asterisk with the earnings bonanza. The […]
financial
WWE Network: estimated price between $12.99-$14.99
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 […]
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 […]