Brian and Steve talk about WWE Raw from Monday night including a spectacular final segment, all the different directions the company could possibly go in now, the reaction to Daniel Bryan and how the fans are demanding for more of him, the smarts of John Cena, how this could play into the WWE TLC PPV on Sunday, more WrestleMania 30 speculation when it comes to matches, the Slammy Awards, WWE Network, AJ Styles done with TNA Wrestling and more.
The Flagship is back as Brian, Steve and Michael first get into a heated discussion about our college teams and Steve finally pays up on a bet. Then the guys talk about some promotions within the WWE which are leading to the impending launch of the WWE Network, how exactly the network could work and the many possibilities, Triple H now in charge of the creative team along with Vince McMahon, the WWE TLC 2013 pay-per-view which is less than two weeks away, their disappointment in WWE storylines and if they see that changing anytime soon, the Slammys coming to Raw on Monday and also the possibility of TNA Wrestling original AJ Styles leaving the company.
With that announcement about to come, the WWE has announced several promotions within the company including Stephanie McMahon. Here is the press release from the WWE:
Brian and Steve are back to talk Raw from Monday night including the announced lineup so far for the upcoming WWE TLC pay-per-view, how one person will be crowned the UNIFIED CHAMPION at that show between John Cena and Randy Orton, John Cena promoting the importance of the match and the championships, the overuse of authority figures, what is going on with Sin Cara, handicapped matches and Titus O’Neil has a tendency to puke. They also talk about the upcoming WWE Network, when they think it could be announced and how much money they would spend on it. Plus, WWE DVD talk and even some Manilow!
Brian and Michael (no Steve?!) talk about the WWE financials report for the third quarter, the pay-per-view numbers being down, the impending new broadcast fees for WWE TV and how big this for the company, the WWE Network which is expected to start in early 2014, the importance of John Cena, TNA being for sale, Hulk Hogan’s status and more.
WWE has released their second quarter earnings report for 2013.
STAMFORD, Conn.–(BUSINESS WIRE)–WWE (NYSE:WWE) today announced financial results for its second quarter ended June 30, 2013. Revenues increased $10.7 million or 8%, to $152.3 million from $141.6 million in the prior year quarter driven by the increased production and licensing of television content as well as increased ticket revenue from the Company’s premiere event, WrestleMania, partially offset by the timing of one less pay-per-view event in the quarter. Operating income, however, declined to $8.8 million as compared to $19.6 million in the prior year quarter reflecting increased staffing expenses to support our various strategic initiatives. Net income was $5.2 million, or $0.07 per share, as compared to $11.9 million, or $0.16 per share, in the prior year quarter.
“In the second quarter, we continued to make investments in both staffing and talent to support our long-term growth objectives. These initiatives, including the recent opening of a world-class performance training facility, and the highest grossing WrestleMania in our Company’s history, demonstrate our commitment to develop our talent, build our brands, and provide a solid foundation for future growth,” stated Vince McMahon, Chairman and Chief Executive Officer. “We continue to believe that these investments will enhance our ability to create new programs and to distribute all of our content in a way that optimizes its value, through the renewal of key television contracts and the potential launch of a WWE network.”
“Although our earnings declined in the quarter, we believe that the investments we are making will maximize the return to shareholders over time,” added George Barrios, Chief Financial Officer. “We believe that our 2013 results, excluding the impact of film impairments, will fall within the lower end of the range previously communicated, which was ‘plus or minus 10 percent’ from our 2012 OIBDA results of $63 million.”
Here are the buyrate totals for the quarter:
- WrestleMania 29 drew 1,039,000 buys, down from the 1,217,000 that WrestleMania 28 did the previous year. WrestleMania 27 scored 1,059,000 buys, WrestleMania 26 drew 885,000 buys, and WrestleMania 25 tallied 975,000 buys.
-Extreme Rules in May drew 231,000 buys. The 2012 version of the event scored 263,000 buys, Extreme Rules 2011 produced 209,000 buys, the 2010 version scored 182,000 buys.
- The June Payback pay-per-view produced 186,000 buys. The June pay-per-view was named No Way Out last year and earned 194,000 buys. It was called Capitol Punishment in 2011 and earned 170,000 buys. The event was called Fatal Four Way in 2010 and earned 143,000 buys.
While the WWE hopes to launch its network in the near future, the company continue to make other in-roads in online content.
Today, Yahoo announced during its NewFront event that it is teaming with WWE for new digital content. The web portal will be the “premiere global video distribution partner” for WWE. The partnership includes Yahoo launching a new WWE online hub hosting exclusive Monday Night Raw pre-show content. That includes a 30-minute preshow for Raw that will only air online.
Yahoo will have exclusive access to WWE’s archives of historical full matches, shows, highlights and other events, and Internet portal will air a live preshow content for every pay-per-view event. Plus, short-form clips from all WWE television programs will now be available on Yahoo.
With these programming agreements, it shows that there are plenty of online company (including YouTube and Hulu) that are excited to work with the WWE. At the same time, you have to wonder what all of this does to a potential WWE Network and when — and even if — it will ever launch.