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WWE Finances, et al Discussion


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46 minutes ago, Raziel said:

Yeah, the "100% revenue vs. the 50%" argument was sound, but running out constant 30 day free trials with no actual checks on them so people were just making dummy email accounts to keep getting free months buried everything.

I asked the question of dummy accounts here a while back and somebody mentioned that you have to enter a credit card number and that has to be unique.  Still, there are ways to fudge that. 

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2 hours ago, Technico Support said:

I asked the question of dummy accounts here a while back and somebody mentioned that you have to enter a credit card number and that has to be unique.  Still, there are ways to fudge that. 

Knowing someone that used the dummy accounts to get the Network free for a year, the CC didn't matter, they only traced by e-mail accounts.

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14 minutes ago, Raziel said:

Knowing someone that used the dummy accounts to get the Network free for a year, the CC didn't matter, they only traced by e-mail accounts.

Really so I can literally type a random credit card number and It’ll still register?

Edited by LoneWolf&Subs
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7 hours ago, Super Ape said:

I’ve gone over my reasons why I never subscribed to hell and back, but if I were to guess why the sub numbers are low, a lot of it would be on the quality of the current product, and the fact that pro wrestling is just... declining like vaudeville and the circus before it.

Yeah, I think WWE could be pefectly sustainable, reasonably profitable, and infinitely more watchable if they scaled back on expectations and hours of content.

But, you know, capitalism. 

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5 hours ago, Go2Sleep said:

Yeah, I think WWE could be pefectly sustainable, reasonably profitable, and infinitely more watchable if they scaled back on expectations and hours of content.

But, you know, capitalism. 

Exactly. Even the boneheads in charge in Stamford have to know “too much of a good thing” exists, so they shouldn’t be doing too much of their horseshit “product” either.

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You're assuming they are aware that their product is bad. But when the only voice that determines it's quality declares everything to be Such Good Shit, nobody can say it isn't. Nobody can even privately think it's bad. They've always been at war with Eastasia.

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I'm pretty sure they know that 3 hour RAW is too long. And that three "A" shows a week are too many. Hell, they often mention how expanding Nitro to three hours and adding Thunder helped kill WCW.

But I also am pretty sure they feel getting the money for all that content (and the effort to strangle new competition in the cradle in the case of NXT) is worth the overexposure.

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I don't think it's so much that the product is "bad"  even though a lot of it is..  I think a lot of the product is just boring and that's arguably a worse place to be in.  Consistently boring is a tough tough sell..   with so much shit out there to watch on all these streaming services,  why as a regular but maybe not frequent fan do you NEED to spend ten bucks to be bored? 

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  • 3 weeks later...

Eventually Vince will have to either strike up more good deals, to help keep WWE afloat.  In the meantime it remains to be seen if there will be any more Micro-changes to the content.


 

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  • 1 month later...

LOOOL Vince apparently fired XFL exec Oliver Luck "for cause," with a trumped up (pun?  dunno) laundry list of things Luck supposedly did wrong, a day before shuttering the company.  Because folding the company would have meant he would have had to pay him in full.  Every time you think maybe Vince might be a competent businessperson, he pulls the kind of transparent, lowlife shit that the guy who owns your local Taco Bell franchise wouldn't dare try.  Luck is suing for 20 mil and I hope he gets it all.

At the same time, Vince was somehow his own key lender, so he apparently stands to make a bunch of money from himself in the bankruptcy.  OMG fuck capitalism and this country's corporate laws that only serve to make the rich richer, making money for doing absolutely nothing but playing with numbers.  It's fitting that he's good buddies with the guy who somehow made money starting, closing, and then bankrupting casinos.

Edited by Technico Support
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On the one hand, Vince is a horrible human being and if there is an afterlife, I hope that Vince spends all of eternity in Hell chained to a rock while the ghost of Owen Hart flays him with a barbed wire whip.

 

But at the same time, the sleazy, amoral side of me has to admire Vince for being such a genius asshole.

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27 minutes ago, Southside Jim said:

But at the same time, the sleazy, amoral side of me has to admire Vince for being such a genius asshole.

I can sort of see applauding someone for showing Machiavellian genius, but this ain't it.  Firing Luck the day before closing the company is like burning down a business for the insurance money in full view of the fire chief.

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"Revenues increased 60% to $291.0 million as compared to the prior year quarter, primarily due to increased monetization of content in the Media segment, which was partially offset by a reduction in live event ticket revenue and lower merchandise sales."

http://www.oleantimesherald.com/business/wwe-reports-strong-first-quarter-2020-results/article_3d305bec-e8dd-5340-bfe8-d94d0a280912.html

 

Edited by D.Z
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"WWE set WrestleMania Week viewership records with more than 967 million video views across digital and social platforms, representing a 20% increase from the prior year. A record 46 million hours of content was consumed during the week, an increase of 28% from the prior year."

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2 minutes ago, D.Z said:

"WWE set WrestleMania Week viewership records with more than 967 million video views across digital and social platforms, representing a 20% increase from the prior year. A record 46 million hours of content was consumed during the week, an increase of 28% from the prior year."

They’re counting someone who watched day one and day two as two people?

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"He said the good part about this is if they don't put on another Saudi event later this year, then they can just tack that event on the backside of the contract they have with the Kingdom. He said they will not lose the money from the potential event."

"They were very close to signing a Network rights deal with several potential partners who wanted the Network, but the coronavirus changed that. They will continue to invest in the Network and are open to the Network deal once everything eases up."

From Wrestlinginc.

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"Vince also said he's not sure if WWE will be in the live event business the way they were before. No one can predict but WWE will be ready if allowed. One of the things going forward he believes is that it will take a while before all consumers want to come out and join 70,000 others in a stadium, or 5,000 in an arena. He said it's a learned behavior that people have now and if anyone can figure it out, WWE will. Vince said WWE is highly adaptable as we've seen over the years. He believes the future will be more content-oriented, heavily marketed, and not in the terms of live events but programming, along with social and digital media. Vince said there are lots of things they can do there. Vince looks at it as a creative environment, and not a problem but an opportunity. They were asked about their TV partner, NBCUniversal and FOX. Vince agreed that they aren't doing well right now but they all have each other's backs, and the relationships are good.

Vince commented in another response that he probably shouldn't comment on what he thinks the future really holds for the country, but WWE will do well. Vince also praised the WWE talents and gave them kudos for working really hard at the WWE Performance Center. Vince praised the talents for getting the job done with no audience, adding that they are stepping it up and really, really working hard. Vince said they are working to produce a great product considering where they are. Frank said the current target date for the tiered WWE Network expansion is some time in the 4th quarter.

Vince was asked if he can guess when WWE's next live event will be. He said no, not really, but WWE does have holds on arenas, which is standard, and more of a revolving thing. He's heard people are itching to come out of the house and come see their product, but he's not sure when it will be allowed or what it will look like when it is allowed, and no one really does. Vince said they are taking it month-by-month, but he has no crystal ball. Frank and Vince both commented on how they are being very cautious and conservative when it comes to budgeting and planning during the pandemic, but they aren't planning any major purchases or anything like that, just being cautious amid the uncertainty."

From Wrestlinginc.

Also no WWE2K game this year.

Vince wonders if the buildings will charge the same amount for renting, lowered ticket costs ect.

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1 hour ago, D.Z said:

"Vince also said he's not sure if WWE will be in the live event business the way they were before. No one can predict but WWE will be ready if allowed. One of the things going forward he believes is that it will take a while before all consumers want to come out and join 70,000 others in a stadium, or 5,000 in an arena.

God, I hope he's wrong.  I'd go sit in the stands at a sold out MLB game tomorrow if there is one.  Social distancing is keeping the virus from getting me so I can die a little more inside each day.

I think it will probably be next year (at the earliest) before we can hold big events with more than a token crowd.

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