Report: Vince McMahon Loses $340 Million On Friday, No Longer A Billionaire

Vince McMahon lost $340 million on Friday due to shares of WWE falling more than 40%. According to Forbes.com, McMahon’s net worth is now estimated at $760 million, meaning he is no longer a billionaire. The drop comes in response to WWE announcing their new domestic TV licensing agreement with NBCUniversal. While investors were expecting […]

Sad Photos Of Pontiac Silverdome, Vince McMahon To Address Investors On Monday, Jack Swagger Interview

- Wrestling News World reader Patrick Peralta sent this link that goes to some depressing photos of the Pontiac Silverdome. The venue hosted a crowd of 93,173 on March 29, 1987 for Wrestlemania III. – One day after announcing their new domestic TV licensing agreement with NBCUniversal and watching their stock price fall in excess […]

More On WWE’s New TV Licensing Agreement With NBCU

WWE announced on Thursday they have reached a multi-year agreement in principle with NBCUniversal for the renewed US licensing of Raw and Smackdown. In an official press release, the company noted they expect to double or triple their OIBDA results to a range of $125 million to $190 million by 2015. Below is the official […]

WWE To Announce New Domestic TV Agreement With NBCUniversal On Thursday?

Numerous financial websites noted that WWE’s stock closed strong on Wednesday on speculation the company will announce a new domestic television agreement at the NBCUniversal Cable’s Upfront in New York City on Thursday. We cannot confirm a new deal will be announced, however, there are things of note. First, The Bella Twins are confirmed to […]

New WWE Domestic TV Agreement To Be Announced This Week?

WWE has been in negotiations for a new domestic television deal, refusing to talk specifics during their quarter one conference call with investors earlier this month. Vince McMahon said at the time they would be announcing their new deal in the next several weeks. It’s possible a new WWE domestic TV agreement could be announced […]

Thurs. Update: Tough Enough Returning, WWE’s New US TV Deal, AJ Lee’s Future Explained, Latest Strategy In Regards To CM Punk, Royal Rumble & Elimination Chamber Buys, 5-Point Plan To Grow WWE Network, Backstage Report From Raw, 5 Releases

It’s a relatively quiet night with no shows or tapings but Impact Wrestling will air from tape as will WWE NXT. Our Impact “Open Thread” drops at 8:30 PM EDT tonight with streaming live results and your discussion. I previewed this week’s show with the spoiler link here on WrestlingNewsWorld.com. We’ll also have an Open […]

Complete Recap Of WWE Conference Call With Investors To Discuss 2014 Earnings

Vince McMahon and George Barrios held a call with WWE investors on Thursday morning to discuss the company’s 2014 first quarter earnings. I was on the call on behalf of WrestlingNewsWorld.com and filed the following recap: Michael Weitz from investor relations opened the call by reading a prepared statement. He introduced Vince McMahon. Vince talked […]

Vince McMahon Says WWE Is Confident They’ll Reach 1 Million Network Subscribers

Vince McMahon issued the following statement in Thursday’s 2014 first quarter earnings release: “For the quarter, our earnings reflected the launch of our WWE Network, which delivers unparalleled depth of programming, ease of use and value to our fans. With almost 670,000 WWE Network subscribers in the U.S. and nearly 400,000 domestic pay-per-view buying homes […]

Update On WWE TV Licensing Agreements In United States & India

WWE Chief Financial Officer George Barrios issued the following statement in Thursday’s 2014 first quarter earnings release regarding the company’s TV licensing agreements in the United States and India: “Regarding our TV licensing agreements, we are continuing to negotiate with potential distribution partners in the U.S. and India. Over the past several years, we have […]

WWE Reports 2014 First Quarter Results; $8 Million Net Loss

WWE reported their first quarter results for 2014 prior to market open on Thursday. Below is the official release: STAMFORD, Conn., May 01, 2014 (BUSINESS WIRE) — WWE  today announced financial results for its first quarter ended March 31, 2014. For the quarter, the Company reported a Net loss of $8.0 million, or $0.11 per share, compared […]

WWE Being Investigated For Potential Violations Of Securities Laws

WWE is being investigated by a group of investors over potential violations of securities laws. The announcement was made by the Shareholders Foundation, a company that specializes in securities class action and other legal actions that affect investor holdings. According to their announcement, the investigation by a law firm acting on behalf of investors is […]

Mon. Update: WWE Board Of Directors Vote, Shawn Michaels Gets New Tag Team Partner, First Details On The Debuts Of Adam Rose & Bo Dallas, Undertaker Controlled The Streak, Lesnar’s WWE Win/Loss Record, TNA Injury Updates & A Return, Eric Young’s New Show & Next Title Defense

WWE Monday Night Raw emanates tonight from the Scottrade Center in St. Louis, Missouri. The show is the go-home to Extreme Rules, which of course is the first pay-per-view after Wrestlemania XXX. The show is loaded up with an announced appearance by Ric Flair, Hugh Jackman and Stephanie McMahon’s apology to WWE World Heavyweight Champion […]