andrew8798
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Post by andrew8798 on Oct 31, 2013 15:04:00 GMT -5
A relatively quiet earnings call this morning with the big news really being no big news, as nothing substantial was announced regarding the network or a launch date past the point they are exploring options in both traditional and over-the-top means.
While no time frame was even hinted at, Stephanie McMahon did an interview today in Broadcast & Cable and listed a planned first quarter 2014 launch.
Company revenue for the quarter increased from $104.2 million in the third quarter of 2012 to $113.3 million, but profits declined from $3.5 million to $2.4 million.
But that is misleading because they put on the books a $7 million impairment charge based on losses heavier than inititallly projected in the movie division for films released between 2010 and 2012 under the former distribution model.
It was made clear that they expect huge growth even without the network, based on negotiations of new television deals next year for Raw and Smackdown in the U.S., U.K. and India. When it comes to late 2014 and 2015, the biggest thing for the company will be how much they can negotiate the new deals.
In the U.S., USA and Syfy have periods of exclusive negotiations. Vince McMahon estimated it would be around April when the new deals, which would go into effect in September/October would be completed. Currently, WWE receives far less for rights fees for its two main shows than most anything on television that draws comparable viewership. That is the key in expecting the ability to grow revenue significantly, as all the major sports have done in recent contracts.
The company made several references to compare their product with NASCAR, which has tremendous broadcast deals and has achieved huge growth in recent contracts.
If you throw out the movie division losses, the profit would have been $7.0 million so the wrestling is doing better financially largely due to increased rights fees from Total Divas and Main Event being added, as well as better live event attendance in the U.S. and internationally.
The key metric was television revenue was up from $34.0 million to $44.1 million for the quarter worldwide. There were some incrimentla increases in deals that helped, but most of that increase was rights fees for the new programming.
Worldwide buys for the three PPV events were 199,000 for Money in the Bank, 296,000 for SummerSlam and 175,000 for Night of Champions. PPV revenue was down 10%, a decline offset by more late reported buys from previous events.
Vince McMahon said PPV is attraction driven.
"SummerSlam was not the right attraction. You don't knock them all out of the park. That one was a swing and a miss."
-F4W
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Deleted
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Post by Deleted on Oct 31, 2013 15:08:49 GMT -5
Translation: Thanks for coming D-Bry.
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Deleted
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Post by Deleted on Oct 31, 2013 15:10:28 GMT -5
For anyone wondering about the PPV Buyrates:
Money in the Bank 2012: 188,000 buys Money in the Bank 2013: 199,000 buys (+11,000)
SummerSlam 2012: 358,000 buys SummerSlam 2013: 296,000 buys (-62,000)
Night of Champions 2012: 189,000 buys Night of Champions 2013: 175,000 buys (-14,000)
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SEAN CARLESS
Hank Scorpio
More of a B+ player, actually
I'm Necessary Evil.
Posts: 5,770
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Post by SEAN CARLESS on Oct 31, 2013 15:14:32 GMT -5
Translation: Thanks for coming D-Bry. That's probably a sad fact (despite the other guy in that mix not ever drawing huge on PPV unless matched against an attraction too). That said, anyone pining for Bryan getting the big last match treatment at Mania might want to stop holding their breath now. It'll likely be some bullshit combination of guys who'll not be around the next night. As a side note: PPV is an attraction business in WWE RIGHT NOW. But that's only because the attractions aren't stale yet. Once they are, Vince will have no choice but to be patient and let his current crop of guys sink or swim. After all, the only reason a lot of these attractions are, well, attractions, is because they were booked and built up right in the first place.
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Post by celticjobber on Oct 31, 2013 15:24:41 GMT -5
Vince McMahon said PPV is attraction driven. "SummerSlam was not the right attraction. You don't knock them all out of the park. That one was a swing and a miss." -F4W Sucks to be Daniel Bryan...
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Deleted
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Post by Deleted on Oct 31, 2013 15:31:52 GMT -5
Unfortunately the shareholder model runs completely counter to the "take some losses in revenue now in return for higher revenue in the future". Nonetheless, WWE did experience great growth today. It closed at $12.95, up 9.37% from yesterday. www.google.com/finance?q=NYSE%3AWWE&ei=F79yUojfF46klAPB4gEUnfortunate for Stephanie McMahon who sold so many shares recently =P
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Perd
Patti Mayonnaise
Leslie needs to butt out for fear of receiving The Bunghole Buster
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Member is Online
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Post by Perd on Oct 31, 2013 15:47:40 GMT -5
Yeah, don't think D-Bry's getting that Mania moment. But I'm sure his shilling of wwe.com merchandise, at said event, will be some of the most technically sound shilling we've ever seen.
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Post by angryfan on Oct 31, 2013 16:10:23 GMT -5
So this ends the "wait and see" I s'pose. Hopefully the next PPV does real well with Orton/Show and Cena/Del Rio since, well, there's nobody in that mix to lay blame on.
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BigBadZ
Grimlock
The Rumors Are All True
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Post by BigBadZ on Oct 31, 2013 16:13:51 GMT -5
So this ends the "wait and see" I s'pose. Hopefully the next PPV does real well with Orton/Show and Cena/Del Rio since, well, there's nobody in that mix to lay blame on. Triple H as guest ref? That never kills the hype for anyone!
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Essential1
Hank Scorpio
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Post by Essential1 on Oct 31, 2013 16:42:35 GMT -5
I read the title as WWE earrings.
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andrew8798
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on 24/7 this month
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Post by andrew8798 on Oct 31, 2013 16:46:21 GMT -5
From Dave
SummerSlam domestic went from 296,000 to 185,000
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Post by edgestar on Oct 31, 2013 16:48:08 GMT -5
I also thought it said earrings.
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Post by rnrk supports BLM on Oct 31, 2013 17:31:18 GMT -5
I have to think Summerslam reflects worse on Punk than on Bryan. Lesnar only shows up occasionally and seeing him wrestle at all is a big deal, so the fact that they can put him against the #2 star on the fulltime roster and have no one give a damn is pretty bad. Miz and Truth took the fall for Rock's big Survivor Series return doing an above-average-but-nothing-more buyrate, and they weren't anywhere near as hyped up and protected in the buildup to that one as Punk was for Summerslam.
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Deleted
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Post by Deleted on Oct 31, 2013 17:42:20 GMT -5
I have to think Summerslam reflects worse on Punk than on Bryan. Lesnar only shows up occasionally and seeing him wrestle at all is a big deal, so the fact that they can put him against the #2 star on the fulltime roster and have no one give a damn is pretty bad. Miz and Truth took the fall for Rock's big Survivor Series return doing an above-average-but-nothing-more buyrate, and they weren't anywhere near as hyped up and protected in the buildup to that one as Punk was for Summerslam. I think it should reflect the worst on Lesnar himself actually, as someone "people like seeing" but aren't necessarily interested in ponying up cash for to see wrestle in the WWE. Which is probably about right.
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Lancers
El Dandy
Oh you
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Post by Lancers on Oct 31, 2013 17:47:42 GMT -5
From Dave SummerSlam domestic went from 296,000 to 185,000
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Sparkybob
King Koopa
I have a status?
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Post by Sparkybob on Oct 31, 2013 18:21:13 GMT -5
I think it's very hard in this time period to really use PPV buys as a sole reason to determine whose a draw. Mostly because there is so much talent now on a card, that's hard to figure why the fans bought the show. Maybe they bought it to see Cena and Bryan since it was a dream match, or maybe they wanted to see christian have 1 more match.
Now if let say the WWE clearly made a PPV a 1 match show, like lets say battle grounds. Let say it was obvious that the only program with any build was Bryan/Orton and if that PPV drew great buy rates, then yea that can show a program is drawing if people are willing to pay 50 bucks to see 1 real match. Other than that scenario I can't take to much from PPV buyrates.
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Deleted
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Post by Deleted on Oct 31, 2013 18:23:48 GMT -5
Bryan getting blamed for this would infuriate me, because I don't think it's his fault. There was no venom in that program. No anger. It should of been the specter of "18 Seconds" getting brought up, a guy who is the exact opposite of the WWE, a guy with a real, organic connection to the fans coming in gnashing his teeth to win the title against the best wrestler in the company. It should of been Bryan telling Cena he's a better wrestler than him and Cena getting pissed off about it. Cena going "Better wrestler? How many titles have I won? How many wrestlemania's have I main evented?" and being offended that Bryan is parroting points from years ago.
Instead, it was Cena graciously giving his little buddy a title shot because the fans cheered him. It didn't fail because of Bryan, it failed because the story SUCKED on every possible level. Because it seemed like the exact opposite of what a good program between these guys would of been. I was loving Bryan back then and I remember telling a friend of mine I had no interest in going to the theater for the show because the match (And the involvement of Orton/HHH) didn't interest me much.
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Chuck Conry
Dennis Stamp
zombies DON'T Run
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Post by Chuck Conry on Oct 31, 2013 18:44:10 GMT -5
I think it might be due to the fact that everyone saw the Triple H heel turn and the cash-in coming a mile away and didn't want to see it.
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Deleted
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Post by Deleted on Oct 31, 2013 18:44:13 GMT -5
WWE's got to push their best guys, and the ones that are most over with the crowd. If someone else on the roster could've pulled a better buyrate than Cena/Bryan and Punk/Lesnar, I'd like to hear who that would be.
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Post by CrazySting on Oct 31, 2013 20:01:11 GMT -5
Is it that hard for people to accept that guys like CM Punk and Daniel Bryan simply can't draw on the big stage?
The numbers don't lie.
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