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28.11.07 0627
The 7 - Pro Wrestling - WWF Decline In Revenues
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Swordsman Yen
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#1 Posted on 22.2.02 1016.19
Reposted on: 22.2.09 1017.02
For those of you poor souls who still have stock in the WWF (and perhaps those who don't), this is a must-read:

WWF Profits Body-Slammed by Decline in Revenues

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Jaguar
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#2 Posted on 22.2.02 1029.05
Reposted on: 22.2.09 1032.05
From the article:

The Stamford, Connecticut-based company said it plans to introduce more live events and bring more branded merchandise to market, building on the sellouts and response it has gotten from fans at its events.

"This will pave the way for additional pay-per-views and television programming opportunities. The combination of our inherent creativity and the depth of our talent roster has provided the momentum for a successful extension of our brands," said World Wrestling Federation Chief Executive Linda McMahon in a statement


Additional PPV and TV deals? What the hell? I don't want to pay for all the PPVs they have NOW, I don't want more.

-Jag
Swordsman Yen
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#3 Posted on 22.2.02 1034.29
Reposted on: 22.2.09 1043.36

    Originally posted by Jaguar
    Additional PPV and TV deals? What the hell? I don't want to pay for all the PPVs they have NOW, I don't want more.

    -Jag



Agreed. I would much rather the WWF went back to only the big 5 PPV's (WM, KOTR, Summerslam, Survivor Series, and RR) and build up great storylines and matches to each of them using their free shows, even if it meant charging a little more jack.
Super Shane Spear
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#4 Posted on 22.2.02 1126.43
Reposted on: 22.2.09 1129.03
The problem also, in my opinion, lies it too much TV time as well. We've already lost the luster of DREAM tag-team match-ups, and fantasy one-on-one matchups. Once the fire burns out on the nWo, and it will, we will have seen every mainstream wrestling matchup possible. Unless they plan on kicking it up to the future of the WWF (Randy Orton, Maven, Rob Van Dam, Brock Lesner, etc...) we will be even more BURNT OUT than they are now.
Tom Dean
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#5 Posted on 22.2.02 1232.18
Reposted on: 22.2.09 1237.54
Well, I think we knew there was a decline in revenues. Is anyone a subscriber to the Wall Street Journal? Apparently, they did a sizable article, and Linda was pretty up-front with them... I would really love a summary.
shea
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#6 Posted on 22.2.02 1316.23
Reposted on: 22.2.09 1329.06
Will someone please clue Linda McMahon in on the fact that the country is in a RECESSION?

That means that people don't have the kind of disposable income they had two years ago.

That means that this is the absolute WORST time to be adding to an already glutted PPV market.

That means that you should be making sure the consumer gets ADDED value when buying your product, not watering down the product to somehow coax more blood from a sorely taxed stone (read: my wallet).

Idiots!
Seth Monroe
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#7 Posted on 22.2.02 1723.14
Reposted on: 22.2.09 1728.56
Right. As reported on my newsboard Linda was on "Your World" with Neil Cavuto discussing the report. She stated that the nWo angle was apparently bringing back the target young teen market AND also let everyone know that the WWF's profits were on an upswing towards the end of the quarter.

WWFE is a very profitable business guys. All markets went South with the recession. Now the economy is rebounding and the WWF is as well.

This is a non story. For the news report on Linda's interview hit my newsboard at the link below.

Latah.
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#8 Posted on 22.2.02 1953.44
Reposted on: 22.2.09 1959.02
Remember that the market is alot less flooded than it was two years ago (WWF, WCW, ECW). Only the WWF was making money, yes.

The idea is that after the split, the WWF figures that people will favor 1/2 of their total product, and will buy the PPVs they favor. They're also hoping that the alternate product will draw new fans who are not interested in the current WWF. Also there are some people (the same people who bought WWF, WCW, and ECW shows, that will buy both PPVs.

Sooo...In effect their chansing that not everybody will buy all their shows, but some people will buy some of the shows.

If you're thinking that it's just the current roster running two PPVs a month, it sounds bad, but it isn't. Well...It is...But it isn't.

And in a time when so many businesses are losing money faster than should be possible, the WWF is actually still making money, which is awfully impressive.
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