Brock Lesnar will not receive a punishment from WWE for his two flagged drug tests from USADA. TMZ Sports reported that “only full-time WWE performers are subject to the organization’s wellness policy, which prohibits PEDs.” Since Lesnar is not categorized as full-time, he is not subject to testing. Lesnar is scheduled to make his return […]
WWE
WWE reports Q2 revenues
On Thursday, the WWE announced its second quarter earnings for the year. Despite record revenues, the company’s Q2 profits missed expectations. According to the WWE earnings call held Thursday morning, revenues grew 32% to a record $199M. Profits are off due in part to spending which included Wrestlemania. The WWE Network hit 1.52M average paid […]
Gawker files for Chapter 11
Gawker announced that it was filing for Chapter 11 Bankruptcy on Friday as a result of the $140 million jury verdict assessed by a Florida jury in the Hulk Hogan invasion of privacy lawsuit. A Florida judge upheld the verdict by denying a motion for new trial or reducing the monetary judgment by Gawker attorneys […]
WWE shows increase in revenues in Q1 of 2016
Last week the WWE announced its financial results for the first quarter of 2016. The company increased its revenue by 13% on a pro-forma basis to $171.1 from $151.3 million in the prior year quarter. The WWE Network averaged 1.29 million paid subscribers over the first quarter 2016 which is a 39% increase from the […]
Former WWE wrestler sues over royalties from WWE Network
Former WWE wrestler Rene Goguen (wrestling under the name Rene Dupree) sued the WWE Wednesday in a class action lawsuit filed in Connecticut federal court. The former WWE superstar is claiming he is owed royalties from the WWE Network and Netflix due to a clause in his contract which pre-dated the over the top platforms […]