Next Thursday, November 1, 2012 WWE will report their 2012 quarter three earnings before the stock market open at 9:30 AM ET. A conference call with investors hosted by Vince Mahon will follow at 11:00 AM EDT.
While earnings are always notable because they unveil how the company is doing finically as well as update the public on pay-per-view buyrates, next week’s call holds special significance for the WWE Network. In August, Vince told investors they hoped to have an announcement for the WWE Network on the next conference call.
Investors have begun to get restless regarding the impending WWE Network as they see the company spending with no plan for distribution and/or format being disclosed. WWE Chief Financial Officer George Barrios confirmed in August said they had mulled over three models including a broad/basic distribution, a pay TV format and a third “over-the-top” format. He did not elaborate further which resulted in an investor telling the company they could do better for their investors.
We’ve been all over the development of the WWE Network including reporting on two scenarios for the WWE Network to premiere as an online-only platform. One of these deals turned into WWE’s multi-year agreement with Hulu that is already in effect.
I will be on the call Thursday with Vince McMahon and we’ll report whatever information is disclosed immediately.