WWE announced that WrestleMania 31 generated $139 million in economic impact for the Santa Clara/San Jose region this past March according to a study commissioned by Enigma Research Corporation. The $139 million in economic impact is second to only WrestleMania XXX in New Orleans. It’s the 4th straight year that the region hosting WM […]
WWE
WWE reports Q3 results
The WWE announced its earnings for Q3 2015 on Thursday. The company reported net income of $10.4 million ($0.14 per share) compared to a loss of $5.9 million ($0.08 loss per share) in Q3 last year. The results bested most analyst expectations although the stock for the day dropped almost 13% as a result of […]
Lesnar’s ESPN comments sparked by twitter query
Brock Lesnar is making the rounds on behalf of the WWE as it promotes the company’s second-biggest event of the year, Summerslam, at the Barclay’s Center in Brooklyn, New York. The biggest news to come out of Lesnar’s appearance was his comments that Vince McMahon is a better promoter than Dana White. The statement itself […]
WWE reports 2nd quarter earnings
The WWE announced its second quarter earnings on Thursday and the numbers pleased many analysts. The WWE reported net income of $5.1 million ($0.07 per share) compared to a net loss of $14.5 million ($0.19 loss per share) in the second quarter last year. The WWE reported quarterly revenue of $150.2 million exceeding $1.5 million better than […]
WWE files lawsuit against former performers
WWE has filed a lawsuit against several former WWE stars seeking a declaratory judgment against them. The complaint, filed in federal court in Connecticut is a result of a pre-litigation letter concerning potential concussion lawsuits against the company. Robert Windham (aka Blackjack Mulligan), Thomas Billington (aka Dynamite Kid), James Ware (aka Koko B. Ware) and […]