The Wall Street Journal reports that online sports content provider FloSports has raised $21.2 million in Series B financing with World Wrestling Entertainment and Discovery Communications participating in this new round of financing. FloSports, based out of Austin, Texas, provides online streaming of niche sports which includes amateur wrestling, grappling and regional MMA events. The […]
WWE
ESPN dedicates coverage to WWE
This past week, ESPN established a portion of its online coverage to include WWE. The decision to include sports entertainment in its sports coverage comes as part of the strategy to amend for losing subscribers. ESPN has lost over 4 million subscribers in the past year per Sports TV Ratings. The news suggests that ESPN […]
Gawker-Hogan talk settlement of jury award
The Wall Street Journal reports that Gawker and Hulk Hogan are in settlement discussions over Hogan’s huge trial victory which caused the personal bankruptcy of Nick Denton. It was anticipated that A.J. Daulerio was to file for personal bankruptcy as well. In March, a Florida jury awarded Hogan $140.1 million including $25.1 million in punitive […]
Lesnar not subject to drug testing in WWE
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 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 […]