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25.7.07 2018
The 7 - Site Bashing - Flea Register and log in to post!
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redsoxnation
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#1 Posted on 8.11.03 1710.38
Reposted on: 8.11.10 1711.25
Ok, I hit the enter button by mistake and killed any chance of a title.
This is just regarding Flea's latest Saturday Evening Post from either www.1ryderfakin.com or www.411wrestling.com. Flea makes some good points in the column, but I'd like to play devil's advocate and rebut a few of them.

1) The 1/4 of a billion they have lying around in cash reserves is impressive. However, all they need is for Vince to get another of his 'brilliant ideas: Perhaps Boxing Bodybuilders Fighting for a Football'. That could tap into the strategic reserves. Also, that money could dissipate fast if they get caught in either another Steroid Scandal, or someone in Titan Towers starts playing fast and loose with the books and the IRS comes knocking on the door.

2) The DVD market being a salvation. In theory, this is correct. However, I think Vince is making a monumental mistake with the Flair DVD. Rather than bleeding the Flair marks (of which I am 1) dry by placing Flair matches just on compilation DVD's, he's allowing us to pick up 10 hours of good Flair material (ok, so 9 and a half hours if the RAW stuff from May is deleted) at one time. Thus, instead of bleeding us dry slowly; making us buy 10-11 DVD's to get this material while dumping crap in the midst of it, he's losing potential long term money to get the quick hit. And, the further alienated the 'older fans' become, the less likely they are to know that a Flair DVD or any other type DVD is becoming available. Imagine the extra money these DVD's would make if a large segment of former WCW fans hadn't already disappeared.

3) China: Its a large, untapped market. Personally, I'd think India would be a better market to go after; not having to deal with the Commie bullshit would be a benefit. Plus, if China ever opens up, the Japanese feds could get footholds in there as well.

4) TV: RAW is safe in all likelihood from here to eternity because of cable. However, SD is always a vulnerable show. If they market it as a soap opera rather than a sport, then there is always the possibility of eventual cancelation. Remember, Soap Operas like Dynasty and Dallas drew ratings that dwarf anything Vince could ever imagine, and they eventually died. As long as UPN doesn't do anything stupid like stumbling across a hit show, then SD is fine. But if some miracle occurs like The Simpsons to FOX in the early 90's, then UPN could become a real network, at which point ratings below 4 for a prime time show become embarrassing.



(edited by redsoxnation on 8.11.03 1824)
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Gavintzu
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#2 Posted on 8.11.03 1943.19
Reposted on: 8.11.10 1946.17
I read it too, and I have to say Flea didn't convince me very much ...

1) Comparing the WWE with Microsoft and Walmart. Sure all three of these companies have near monopolies in their respective areas, but one of these is not like the others. Microsoft and Walmart have massive customer bases in the dozens of millions who are buying basic necessities, while the WWE has a few million customers who can easily find other forms of entertainment if the WWE doesn't deliver.

2) The global marketplace will pump cash into the WWE's coffers. This is true -- as Hollywood knows, action movies can make a fortune in foreign markets. But if American fans are pissed off by the WWE, foreign fans can be too. Depending on foreign markets to buy your form of entertainment seems iffy ... it is possible that the Chinese may learn to love country music too, but I don't think Nashville should depend on it.

Plus, how many Chinese people can pay $20 for a DVD or $35 for a PPV? More like 50 cents, which means the WWE will have to sell much more product to them to make the same money they currently make selling to Americans. For a company like the WWE, foreign revenue seems like gravy, not the main course.

3) The WWE has $250 million in the bank. This ensures that it won't go away anytime soon, but Vince is batting .000 in diversifying the company away from its 'rassling related revenue. If the WWE stock plummets, which could happen if things don't turn around, how much of that $250 million would be used to prop up the stock price, or maybe even buy back public stock to make it a private company again?

4) "There will always be an audience for “new” wrestling in America." Just as there will always be an audience for vaudeville in America. Wrestling is a form of entertainment, and there are lots of entertainers out there. Times change, and who knows what the future holds?

5) "Be honest with yourself – how many times have you actually participated in a real life conversation with a stranger at a bar or a co-worker about the inner working of the wrestling business?" All the time at work -- but I don't think most Canadians have the same elitist attitude towards wrestling that you say Americans have. There are 8 guys I used to talk with about the WWE at work two years ago ... I was the only internet smark among them ... and now only one watches the shows -- a slightly autistic guy who lives for wrestling and drumming.

From my personal experience anyways, the WWE is in deep trouble

6) "Vince, I believe, is aware of this. I think he also realizes he is one or two angles and a frivolous spending economy away from filling arenas and doubling buyrates." I doubt it. That would mean that the WWE is learning from their mistakes, when they aren't: the same mistakes they made with RVD in 2001 and Booker T in 2002 are being made again with Eddie Guererro in 2003. Fans are getting fed up, and are finding other forms of entertainment.

7) DVD money is going to be a windfall for the WWE. Sure, in the short term, but if interest in the current product falls, interest in future DVD sales will fall too. How many vaudeville DVDs are on the charts again?

Honestly, I don't think the WWE is in danger of going under anytime soon, but the fact is that they are making the same mistakes that the AWA and WCW made: they are ignoring the fans when deciding who to give massive pushes to, and nepotism is running rampant. Now house show numbers are declining to almost embarressing levels, which also happened to the AWA and WCW. This is a cause for pessimism.




(edited by Gavintzu on 8.11.03 1743)
Scar
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#3 Posted on 9.11.03 0110.31
Reposted on: 9.11.10 0110.32
    Originally posted by redsoxnation


    2) The DVD market being a salvation. In theory, this is correct. However, I think Vince is making a monumental mistake with the Flair DVD. Rather than bleeding the Flair marks (of which I am 1) dry by placing Flair matches just on compilation DVD's, he's allowing us to pick up 10 hours of good Flair material (ok, so 9 and a half hours if the RAW stuff from May is deleted) at one time. Thus, instead of bleeding us dry slowly; making us buy 10-11 DVD's to get this material while dumping crap in the midst of it, he's losing potential long term money to get the quick hit. And, the further alienated the 'older fans' become, the less likely they are to know that a Flair DVD or any other type DVD is becoming available. Imagine the extra money these DVD's would make if a large segment of former WCW fans hadn't already disappeared.




I don't know about this. I think after 10 hours of Flair, WWE could still find plenty more to put on another DVD if this one does well.
JustinShapiro
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#4 Posted on 9.11.03 1546.45
Reposted on: 9.11.10 1547.46
It's one think to say WWE is in no danger of going out of business. That's 100% true, and something that people who apocalyptically predict they'll be done in 2-5 years or whatever just don't understand, and the point needs to be hammered into their dumb heads. But to equate "not going out of business" with "successful" or "oughtn't be criticized" is just as myopic as the predictions of doom. No, the WWE is not going out of business anytime soon or anytime late, barring something totally unlikely like getting their TV cancelled. But saying that their core revenue streams going down is insignificant and nothing needs to change there because it doesn't mean they'll go bankrupt is really silly. I broke my leg and it's not fatal so I'm not going to get it fixed? All the comparisons of WWE to the big conglomerates kind of loses sight that they are still a wrestling company and still have to succeed at promoting pro wrestling -- which is not something they've been doing over the last 2 years or so, no matter how many Linda McMahon shareholder buzzwords get thrown around.

(edited by JMShapiro on 9.11.03 1421)
RYDER FAKIN
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#5 Posted on 9.11.03 1813.42
Reposted on: 9.11.10 1813.48
F'N SHAPIRO: But saying that their core revenue streams going down is insignificant and nothing needs to change there because it doesn't mean they'll go bankrupt is really silly. I broke my leg and it's not fatal so I'm not going to get it fixed? All the comparisons of WWE to the big conglomerates kind of loses sight that they are still a wrestling company and still have to succeed at promoting pro wrestling -- which is not something they've been doing over the last 2 years or so, no matter how many Linda McMahon shareholder buzzwords get thrown around.

PPV buys and house shows as "core revenue streams" is, in my opinion, the "old way" of thinking. Most people would MURDER for 300,000 buyrates. Yeah, it ain't 500,000, but money is money...and most live acts would give their left nut to draw 5,000 people without even really trying...

I've mentioned before that I believe the future of House Shows will be 4-5 Titan Trons showing Classic matches to an audience paying about $15-$20 a pop. And as far as Vince / Linda are concerned, they went from a "pro wreslting company" to "entertainment" when they got the "F" out...and I'm not saying that's a good thing. I've quit looking at this from a personal, fan level and view it now as business...and I like what they have and where they are going. Bottom line, as a *fan*, if I want the wrestling I love, it will be available in the next few years at FYE or Amazon, on DVD, for retail $25. I'll get what I want, eventually. As a *shareholer*, business is good, heading towards better and that's what I like.

FLEA


JustinShapiro
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#6 Posted on 9.11.03 1841.29
Reposted on: 9.11.10 1841.32
Wait OMG are you a legit shareholder?
RYDER FAKIN
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#7 Posted on 9.11.03 1844.49
Reposted on: 9.11.10 1845.46
F'N SHAPIRO:wait OMG are you a legit shareholder?

I ain't been called "legit" in years!...you made my night!

FLEA
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#8 Posted on 9.11.03 1929.24
Reposted on: 9.11.10 1930.37
I gotta agree -- the strategy WWE has used to market its DVD's has been pretty good so far. They're not flooding the market with tons of stuff people don't want (Hardy Boyz Leap of Faith notwithstanding). The Hogan and Flair releases are/were huge hits because quite frankly there isn't anything else you can really buy commercially anymore. Space the good releases out a bit and there'll be a following for some time to come.

Trust me -- if WWE thought they weren't meeting demand quickly enough, they would. Look at the books they put out on an almost weekly basis (they haven't even promoted that 'Unscripted' book coming out next week) based on the success they had with Foley and Rock's books. It's a pretty stable business plan..
Big Bad
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#9 Posted on 9.11.03 2205.39
Reposted on: 9.11.10 2206.22
The DVD market will be important, but here's the biggest problem; it's not helping things in the long-term. It's glorifying the past while the future dries up, to quote Bono.
BigDaddyLoco
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#10 Posted on 10.11.03 0519.46
Reposted on: 10.11.10 0521.48
    Originally posted by Big Bad
    The DVD market will be important, but here's the biggest problem; it's not helping things in the long-term. It's glorifying the past while the future dries up, to quote Bono.


Yeah, but there's so much past for them to slap on DVD and charge you for it's almost sickening. We're still on the Flair's and Hogan's. They haven't even put out anything on the Harts and Undertaker. Then they got a whole 'nother level with the Stings and Dusty Rhode's of the world. Hell, they could even slap together some pretty sweet Raven videos from ECW/WCW days. The DVD business is such a huge cash cow that they have barely even begun to milk.
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