WWE announced its 2nd Quarter earnings on Thursday. The big news was that the WWE Network added just 33,000 subscribers from the 1st Quarter. In addition, it reported laying off 7% of its work force. While the number of subscribers is off from the company’s initial projections, the WWE indicated that the existing subscribers are […]
WWE
The Wrestling Post: Ventura wins defamation case
On Tuesday this week, a Minnesota jury found in favor of former governor and professional wrestler Jesse Ventura in a defamation case against the estate of a former Navy SEAL that wrote in his best-selling book about a fight with Ventura. The jury awarded Ventura $1.8 million. Ventura won $500,000 for his defamation claim as […]
The Wrestling Post – 05.30.14
WWE in damage control after disappointing TV deal
The WWE conducted a special conference call on Monday in order to mitigate some of the damage that occurred with the announcement of its deal with NBC Universal. Although terms of the deal were not divulged, investors took the news as bad and the stock has tumbled. The conference call did not reveal anything new […]