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Post by Final Countdown Jones on Jan 31, 2020 10:31:23 GMT -5
Aren’t they getting $50 million per year from USA for NXT or was that just a one-time payment? Dave had mentioned $30 million in a previous newsletter, and that's what several other outlets like The Wrap reported as well. It's worth noting that Voices of Wrestling isn't the most reliable source out there considering one of their "informants" is Rovert. On top of them having a serious hatred of everything WWE related. Anyways, I'm gonna wait and see what is going on before I freak out over anything. Because this happens every quarter. People love to spin the narrative that WWE is dying, but then they post profits and the stock rebounds back a bit. And they should bounce back a bit considering they do have paid TV deals for NXT UK, and NXT now through BT Sports. And USA Network needed programming anyways on Wednesday to fill out the slot that Suits left open. Also unless they are misrepresenting themselves in the SEC filing which is a huge no no, then WWE is getting paid to air NXT on USA according to the filing from last October. I don't think "WWE is right now dying this moment" has ever been the narrative, but that WWE has a lot of problems and worrying figures that are making its future stand in doubt if they can't right the ship, and the week before their quarterly report they've cut down on live events and fired their financial and revenue officers. There's no way to spin that as there not benig problems.
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chrom
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Post by chrom on Jan 31, 2020 10:34:38 GMT -5
If that's true and they threw it out there just to f*** with AEW's viewership, for free, people are going to finally start seeing that Vince has lost his touch. Everyone knew since Dynamite's premiere that NXT's sole purpose was to try and screw them over.
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Fade
Patti Mayonnaise
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Post by Fade on Jan 31, 2020 10:34:41 GMT -5
Dave had mentioned $30 million in a previous newsletter, and that's what several other outlets like The Wrap reported as well. It's worth noting that Voices of Wrestling isn't the most reliable source out there considering one of their "informants" is Rovert. On top of them having a serious hatred of everything WWE related. Anyways, I'm gonna wait and see what is going on before I freak out over anything. Because this happens every quarter. People love to spin the narrative that WWE is dying, but then they post profits and the stock rebounds back a bit. And they should bounce back a bit considering they do have paid TV deals for NXT UK, and NXT now through BT Sports. And USA Network needed programming anyways on Wednesday to fill out the slot that Suits left open. Also unless they are misrepresenting themselves in the SEC filing which is a huge no no, then WWE is getting paid to air NXT on USA according to the filing from last October. I don't think "WWE is right now dying this moment" has ever been the narrative, but that WWE has a lot of problems and worrying figures that are making its future stand in doubt if they can't right the ship, and the week before their quarterly report they've cut down on live events and fired their financial and revenue officers. There's no way to spin that as there not benig problems. Yeah. This is where my mind goes. WWE isn’t gonna die but this does have me wondering as to the future of WWE and the endgame, so-to-speak, for Vince’s tenure with it.
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Post by KofiMania on Jan 31, 2020 10:37:01 GMT -5
Aren’t they getting $50 million per year from USA for NXT or was that just a one-time payment? Meltzer reported it was $30 million per year for 2 years.
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Post by KofiMania on Jan 31, 2020 10:39:02 GMT -5
Stock has bounced back slightly. They went from $62 to $45 last night. Right now they’re at $50.
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Post by Mike Strike on Jan 31, 2020 13:20:34 GMT -5
Some days I wonder how much worse off they'd be if not for the Saudi/Fox deals.
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Post by eJm on Jan 31, 2020 13:40:41 GMT -5
Some days I wonder how much worse off they'd be if not for the Saudi/Fox deals. It’s been sort of widely suspected that if it wasn’t for even USA’s TV deal a few years ago, WWE would be in deep shit and that was, what, Early 2010s?
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Deleted
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Post by Deleted on Jan 31, 2020 14:02:17 GMT -5
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Post by corndog on Jan 31, 2020 14:14:48 GMT -5
Some days I wonder how much worse off they'd be if not for the Saudi/Fox deals. Much worse, pretty obviously, although the USA deal would be enough to keep them afloat. They would certainly have to restructure the company and downsize much like they did in the mid-90s. Their attendance and ratings are very similar to that down period in the company, but because of these massive deals they can still offer talent top dollar and have a massive roster in hopes to keep a foothold over AEW and New Japan. The WWE is very lucky that content is much more valuable with hundreds more cable channels and the competition of streaming services pressuring USA and FOX to overpay for a product like WWE with a built in audience to insure that they stay in the top 40. To me this once again illustrates that Vince is the real problem, but he won't accept it with Barrios and Wilson being the scapegoats. If the WWE continues with him at the helm their future is grim. I think HHH running the creative and Stephanie working the boardroom/financial side would probably be the best bets for WWE. But the question is will Vince completely destroy the company before it reaches that point?
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Post by Cyno on Jan 31, 2020 14:22:56 GMT -5
Yeah, I think the "WWE is dying!" narrative is overblown and I don't think has any teeth to it. That said, AEW will likely become even more serious competition if they continue to just do their own thing (though they really should avoid temptation to try and capitalize on WWE's missteps short of signing valuable free agents; such things could be disastrous in both the short and long term) and WWE doesn't correct course. New Japan's American expansion could also be an added threat.
And I really believe that both Barrios and Wilson are scapegoats. The problem at its root cause is still Vince McMahon and I don't think they have much chance of righting the ship unless he steps down or otherwise leaves WWE's active leadership.
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chrom
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Post by chrom on Jan 31, 2020 14:27:57 GMT -5
Yeowch...
Over Under how many are released to save money?
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TWERKIN' MAGGLE
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Post by TWERKIN' MAGGLE on Jan 31, 2020 14:29:25 GMT -5
Almost like Vince pushing things that he wants over what the audience wants is a bad idea. Now I ask you, is that really how a genius would operate?
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TWERKIN' MAGGLE
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Post by TWERKIN' MAGGLE on Jan 31, 2020 14:32:47 GMT -5
Former WWE office employee:
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Post by Captain Stud Muffin (BLM) on Jan 31, 2020 14:43:09 GMT -5
Reading this thread, some of y'all take way too much glee from hearing potential bad news
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Post by eJm on Jan 31, 2020 14:51:24 GMT -5
Former WWE office employee: Man, I don’t think I’ve ever read a more concrete embodiment of American corporate culture. Possibly besides Amazon teaching their workers CPR as a solution to overworking and fainting in delivery warehouses.
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salz4life
Grimlock
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Post by salz4life on Jan 31, 2020 15:02:53 GMT -5
Quick, WWE stock is falling ! Put all my money into ICOPRO! What about Karate Fighters? Nah..... Tout is the next big thing.
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Post by Cyno on Jan 31, 2020 15:07:40 GMT -5
Former WWE office employee: Man, I don’t think I’ve ever read a more concrete embodiment of American corporate culture. Possibly besides Amazon teaching their workers CPR as a solution to overworking and fainting in delivery warehouses. I'd say American corporate culture is f***ed up, but TBH I think that's a massive understatement.
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Sicho100
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Post by Sicho100 on Jan 31, 2020 15:08:47 GMT -5
Former WWE office employee: Who do they think they are, Jim Crockett?
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Post by Tenshigure on Jan 31, 2020 15:13:00 GMT -5
Yeowch... Over Under how many are released to save money? Aside from maybe a few NXT rejects, I doubt they'll release talent for fear of strengthening the competition. Their stock price means little if they're still getting contractually-agreed upon payments from the KSA and Fox. Those two deals alone can keep them afloat for as long as they're in good standing.
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Bub (BLM)
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Fed. Up.
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Post by Bub (BLM) on Jan 31, 2020 15:31:23 GMT -5
Yeowch... Over Under how many are released to save money? I think we'll keep seeing corporate cuts first, as they make way more money than the wrestlers (That's another issue altogether).
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