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Scary news for WWE!!!

2570 Views 22 Replies 16 Participants Last post by  World's Best

This is a scary stat for WWE. They will lose more money in 2014 than any other wrestling company in history, in a calendar year, besides WCW in 2000. WWE is expecting to lose between $45 million and $52 million in 2014. WCW lost $62 million in 2000.

WWE previously expected that they would lose $23 million to $26 million in the first 6 months of this year, but then with the Network and the new TV deal kicking in during October, they expected to break even in quarter three and then make substantial profits in quarter four, ending the year at close to breaking even.

It’s a big story and a major loss for WWE but they aren’t going out of business. There’s been a lot of speculation and rumors among fans online lately.
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· Oh, What a Day! What A Lovely Day!
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The more money that you make the more money you can lose.
This means nothing.

This also has anything to do with Damien Sandow being jobbed out or Dolph Ziggler not main eventing so those fans can shut up right now.
Who the fuck said it was because of that? What does that have anything to do with this?
 

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Value of a dollar has gone down so that figure is not very accurate in terms of comparison. WCW's $65 million would be at least $120 million in today's currency. Besides, WCW wasn't a public company, was not an established empire, nor did it have the huge amount of money backing it. Ted Turner left long before the end and therefore it was like making a huge dent in a small car where as that figure for WWE is like drilling a whole inside the wall of a house. In the end it's miniscule and makes no real difference
 

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They made several investments this year: WWE Network, and the Performance Centre. Of course they'll lose money this year, but make up for it in the future.
 

· Oh, What a Day! What A Lovely Day!
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I know certain fans who post online. Somebody is thinking "its cause they don't know how to use talent" with those two in their minds.
Well if you ever see someone like that just tell them they're all fucking morons.

OT Like everybody that has posted here, of course they'll lose money they just made a huge investment on the network. It would take more than a couple of months to see some profit.
 

· The Winds of Change
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An investment the size of The WWE Network is not going to yield dividends for a few years. It's a long term investment and WWE was going to see loses whatever way you try to dice it.

What this stat fails to mention is that WWE is multiple times larger than any other wrestling company in history. Substantially larger. Hell, it's larger than many of the other publicly traded companies out there that are trading higher than WWE was at their height a few months ago. Loses become amplified when the base value of the company is already extremely high. It's all relative.

But with all that said, this is definitely not good.

It's not good news for WWE at all...they should obviously never want to be losing money, but I think it's just par for the course when they continue to try and push themselves as something they simply are not. Vince has had this infatuation for the better part of his time as the head of a publicly traded company to have his baby viewed as something more than just wrasslin. He's made a number of poor investments and decisions over the years, but the strength of the product and it's superstars always seemed to keep the ship moving and lighten the blow of the likes of the XFL, WWE Studios and Tough Enough. But I think these types decisions are finally catching up with Vince. He's finally starting to learn that Wall Street doesn't opperate by his early 2000's creed of "Ruthless Aggression". Investors aren't ruthless because they aren't stupid, and they aren't going to be on board if something isn't working.

Between the launch of The WWE Network, the decline in cable providers offering the PPVs (thus less buys), and probably most importantly the lower than expected/desired NBC TV deal,WWE's projections for 2014 have been put in a bit of a pickle. While Vince has been trying for the better part of almost a decade and a half to push the mark in making WWE this Hollywood wanna-be company instead of just sticking to what they do best, they may have been in a better spot. If Vince spent half the energy he spends on these other endeavors towards producing solid story lines and character development, the week to week TV product may be good enough to support the company and they wouldn't need to rely on "other ground breaking entertainment". These "other forms of entertainment" cost money to get off the ground, and ultimately fail resulting in set backs.

They are a pro-wrestling company and I think too often he loses site of that. Sure, things like Total Divas has done well, but that's one of a whole slew of failed ideas WWE has thrown at the wall that actual stuck. Know what you are, and what you are - and thus your supporters - will know you.
 

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So, the scary news is that Stephanie has gained about 60 pounds since this past Monday?
 

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An investment the size of The WWE Network is not going to yield dividends for a few years. It's a long term investment and WWE was going to see loses whatever way you try to dice it.

What this stat fails to mention is that WWE is multiple times larger than any other wrestling company in history. Substantially larger. Hell, it's larger than many of the other publicly traded companies out there that are trading higher than WWE was at their height a few months ago. Loses become amplified when the base value of the company is already extremely high. It's all relative.

But with all that said, this is definitely not good.

It's not good news for WWE at all...they should obviously never want to be losing money, but I think it's just par for the course when they continue to try and push themselves as something they simply are not. Vince has had this infatuation for the better part of his time as the head of a publicly traded company to have his baby viewed as something more than just wrasslin. He's made a number of poor investments and decisions over the years, but the strength of the product and it's superstars always seemed to keep the ship moving and lighten the blow of the likes of the XFL, WWE Studios and Tough Enough. But I think these types decisions are finally catching up with Vince. He's finally starting to learn that Wall Street doesn't opperate by his early 2000's creed of "Ruthless Aggression". Investors aren't ruthless because they aren't stupid, and they aren't going to be on board if something isn't working.

Between the launch of The WWE Network, the decline in cable providers offering the PPVs (thus less buys), and probably most importantly the lower than expected/desired NBC TV deal,WWE's projections for 2014 have been put in a bit of a pickle. While Vince has been trying for the better part of almost a decade and a half to push the mark in making WWE this Hollywood wanna-be company instead of just sticking to what they do best, they may have been in a better spot. If Vince spent half the energy he spends on these other endeavors towards producing solid story lines and character development, the week to week TV product may be good enough to support the company and they wouldn't need to rely on "other ground breaking entertainment". These "other forms of entertainment" cost money to get off the ground, and ultimately fail resulting in set backs.

They are a pro-wrestling company and I think too often he loses site of that. Sure, things like Total Divas has done well, but that's one of a whole slew of failed ideas WWE has thrown at the wall that actual stuck. Know what you are, and what you are - and thus your supporters - will know you.
Good post. I will say that even the core product WWE to some may be seen as failing too. I see you made no mention of the "BRAND EXTENSION" which for all intents and purposes was a flop in the overall picture of the history of the company. It never did what it was intended to be which was a replacement for WCW vs. WWF imo.

I think that is the problem with the wait and see approach with this Network thing. Has Vince ever really had anything work long term? WM was a fluke imo and was very lucky he had the stacked roster headed by Hogan in the 80's.

Lightning struck twice with the same formula (of using outside mainstream publicity as Hogan in 80's with Rocky III and Mr. T with Austin and Tyson) with Austin heading the roster.

The current Monday Night format we have believe it or not belongs really to the format WCW created.

Vince needs the competition to get inspiration imo.
 

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Discussion Starter · #20 ·
An investment the size of The WWE Network is not going to yield dividends for a few years. It's a long term investment and WWE was going to see loses whatever way you try to dice it.

What this stat fails to mention is that WWE is multiple times larger than any other wrestling company in history. Substantially larger. Hell, it's larger than many of the other publicly traded companies out there that are trading higher than WWE was at their height a few months ago. Loses become amplified when the base value of the company is already extremely high. It's all relative.

But with all that said, this is definitely not good.

It's not good news for WWE at all...they should obviously never want to be losing money, but I think it's just par for the course when they continue to try and push themselves as something they simply are not. Vince has had this infatuation for the better part of his time as the head of a publicly traded company to have his baby viewed as something more than just wrasslin. He's made a number of poor investments and decisions over the years, but the strength of the product and it's superstars always seemed to keep the ship moving and lighten the blow of the likes of the XFL, WWE Studios and Tough Enough. But I think these types decisions are finally catching up with Vince. He's finally starting to learn that Wall Street doesn't opperate by his early 2000's creed of "Ruthless Aggression". Investors aren't ruthless because they aren't stupid, and they aren't going to be on board if something isn't working.

Between the launch of The WWE Network, the decline in cable providers offering the PPVs (thus less buys), and probably most importantly the lower than expected/desired NBC TV deal,WWE's projections for 2014 have been put in a bit of a pickle. While Vince has been trying for the better part of almost a decade and a half to push the mark in making WWE this Hollywood wanna-be company instead of just sticking to what they do best, they may have been in a better spot. If Vince spent half the energy he spends on these other endeavors towards producing solid story lines and character development, the week to week TV product may be good enough to support the company and they wouldn't need to rely on "other ground breaking entertainment". These "other forms of entertainment" cost money to get off the ground, and ultimately fail resulting in set backs.

They are a pro-wrestling company and I think too often he loses site of that. Sure, things like Total Divas has done well, but that's one of a whole slew of failed ideas WWE has thrown at the wall that actual stuck. Know what you are, and what you are - and thus your supporters - will know you.
Good post. (Y)
 
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