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November 3, 2011
DX Promoting WrestleMania XXVIII Tickets On Sale
Triple H and Shawn Michaels will be in studio guests on the Jorge Sedano morning show (@SedanoShow on twitter) tomorrowy from 9:30am to 10am in Miami. You can listen live at 790theticket.com.
source: pwinsider.com
WWE Earnings Give a Stone Cold Stunner to Wall Street
World Wrestling Entertainment is definitely known for some outlandish things, including Austin himself. The fact that the company is laying the smack down on Wall Street earnings estimates today is one of them.
The Stamford, CT.-based company reported third quarter earnings of 19 cents per share on $108.5 million in revenues. Wall Street had been expecting earnings of 15 cents per share on $106.7 million in revenues.
With improving earnings and better than expected revenues, shares of World Wrestling Entertainment are not the Heavyweight Champion just yet, but are at least in a number 1 contenders match, as shares are up over 2% this afternoon.
Bullish:
Traders who believe that WWE will continue to generate stronger than expected revenues might want to consider the following trades:
There is no chance of a takeover, with the McMahon family virtually holding all of the company’s shares. If the company can generate increased excitement in its brands, it could be a strong name to consider if the U.S. economy does double dip into a recession.
Bearish:
Traders who believe that the WWE will get smacked down even with Johnson appearing at multiple pay per view events may consider alternate positions:
The company failed to capitalize on the C.M. Punk story line, and may very well do the same with Johnson coming back. There is a reason why shares have continued to fall since going public in the early 2000′s, and are down 27% year-to-date.
source: forbes.com
Shawn Michaels Teases Meeting with Triple H
From HBK's twitter:
Bat phone ringing off the hook!! Gotta meet my partner in crime in Miami tonight. What in the heck does WWE have going on in Miami?? :-)
Bat phone ringing off the hook!! Gotta meet my partner in crime in Miami tonight. What in the heck does WWE have going on in Miami?? :-)
Update on Shane McMahon's Company: Major Wholesale Chinese VOD Platform to Launch by Year-End
A major new nationwide pay-per-vew and video-on-demand platform will launch in China before the end of this year called 'YOU On Demand', based on advanced content management and protection solutions from Ericsson.
The two companies are deploying a secure IP-based delivery system for digital content to be offered to cable operators throughout China. The system has been designed to guarantee sufficient protection for content owners and enable cable operators to deliver premium Hollywood and domestic content to their subscribers...More?
source: iptv-news.com
WWE Studios Does Disappointing Numbers in 3rd Quarter
WWE Studios earned $3.7 million in revenue in the third quarter of 2011. The same division earned $7.6 million in the third quarter of 2010. "Film profits declined $5.5 million from the prior year quarter reflecting the performance of recent releases; i.e., Inside Out, The Chaperone, and Knucklehead," reads the WWE earnings report.
"Lower home video sales than anticipated contributed to revised ultimate projections, which resulted in a $5.1 million impairment charge for these films. The decline in film profits also reflected lower receipts from our licensed films and the previously disclosed change in our distribution model for films."
"Lower home video sales than anticipated contributed to revised ultimate projections, which resulted in a $5.1 million impairment charge for these films. The decline in film profits also reflected lower receipts from our licensed films and the previously disclosed change in our distribution model for films."
WWE Network Updates from Quarterly Conference Call
WWE's quarterly conference call with investors was dominated by WWE Network discussion, with WWE offering some new details, but also holding back on specific details they're not yet ready to disclose.
Asked when WWE plans to launch the Network, CFO George Barrios he would "take the under on six months," which confirms WWE plans to launch before WrestleMania 28 in April.
"At some point here in the future, when the time is right, we're going to give a fuller exposition of how we view the Network model," Barrios said.
WWE CEO Vince McMahon noted WWE will not be partnering with any other company to launch the Network. "No partnership. Solely owned by WWE," McMahon said. Asked if WWE is still considering a hybrid model of a traditional cable TV network and some form of an online/on-demand function, management skirted the question and stressed they are still finalizing details on how the Network will look prior to a "very big announcement" in the near future.
Rumor Mill - The Undertaker’s Return and Triple H’s Storyline Injury
The Undertaker and his wife Michelle McCool were backstage at the October 24th RAW Supershow from Austin, TX. According to sources backstage, both Undertaker and McCool were talking to WWE officials about possible scenarios where they could both return to television.
Following Kevin Nash’s attack on Triple H from 2 weeks ago, WWE announced Triple H had sustained a “serious concussion” and a cracked vertebrae. The cracked vertebrae diagnoses was given because WWE has a new company policy where they will not be using the term “broken neck” for storyline injuries.
WWE said Triple H will be out past Survivor Series, so it’s possible his match with Kevin Nash will take place at TLC in December.
source: wrestling observer newsletter
This Day in Wrestling History
Joe Stecher defeats Ed "Strangler" Lewis in a tournament match designed to crown an undisputed World Champion in New York City. Stecher now has the most legitimate claim to a world championship.
November 3, 1919
Jesse "The Body" Ventura is elected the Governor of Minnesota.
November 3, 1998
Oderint Dum Metuant: Let Them Hate As Long As They Fear
