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
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 […]
WWE Network subscriptions set records for WM 32
The WWE announced a couple records related to Wrestlemania 32 Sunday. On Monday, it announced that the WWE Network reached 1.82 million total network subscribers according to a telephone conference held by the company. WWE Network reached 1.39 million total domestic subscribers and 434,000 international subscribers. The gains over last year at this time (the […]
WWE touts #FreeWrestlemania to attract new viewers to Network
The WWE’s annual biggest event of the year is today as Wrestlemania 32 takes place at AT&T Stadium in Dallas, Texas. This year, the WWE Network is offering a free month including this today’s event. The strategy seems to be contrary to WWE’s goal for profit but at least one analyst believes its a positive calculated risk. Interesting […]