Vince McMahon Blames WWE’s Disappointing Earnings On WWE Studios & TV Licensing, Discusses The WWE Network, More

WWE held a conference call with investors this morning to discuss their disappointing quarter four and overall earnings for 2011. WWE CFO George Barrios and Vince McMahon handled the call. Unfortunately I had to miss the call due to a family emergency (everything is OK) but I spoke to someone on the call and have highlights:

  • Vince McMahon blamed the disappointing earnings on WWE Studios and television licensing. He said the TV licensing had to do with the company’s decision to hold back the distribution of WWE NXT and WWE Superstars in the United States. McMahon made it clear they plan on moving forward with WWE Studios under a new direction and if it doesn’t work, it will be gone. He re-assured investors he felt like it would work.
  • McMahon put over the fact they are developing WWE Legend’s House and mentioned the success they had with Tough Enough and with their new YouTube programming.
  • As has been the trend over the past several months, Vince was very vague when discussing the WWE Network. He said there are still plans to launch this year although a specific date is not available.
  • McMahon said they will be giving WWE Studios a chance to establish itself under new leadership with the new approach before they pull the plug.
  • Vince reassured an investor he doesn’t see any change coming to the company’s dividend (which, as a stockholder, I’m glad to hear).

You can review WWE’s full earnings report at this link.

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  • Silver

    This is disappointing. I'd like to see a WWE Network as much as anyone, but I feel that Vince is putting too much into this. I don't want to see the core product suffer just because Vince is obsessed with getting wrestling back in the general public's good graces with all of this over-promotion and over-exposure. Get more wrestlers bit parts in higher budget films rather than giving them leading roles in terrible, hastily made films that just make them and the company look laughable.

  • Ian Myers

    WWE Studios should team up with Marvel Studios to make a new Punisher film with CM Punk as Frank Castle, thats a win win situation there.

  • Logan_Walker

    How Many Shares Do You Have in WWE ?

    • wnwdotcom2

      Not much. Down to around 50 shares.

  • Owen

    Vince, just do the world a favor and retire.

  • Ricky

    I really do think that WWE should close WWE studios. Maybe a team up with a major film name or something.

  • WWE Jc Kirk

    WWE Studios should keep going, but they should team up with MGM or Paramount or something. Has ALOT of potential but seems like its been going down after the release of “Thats what I am.” Need to think of other stuff. If Vince needs help I have ideas he might freak about haha. Gurantee he wouldnt lose money. Good luck WWE

  • Joe

    Wwe should team up with DC comics and reboot superman and have cena play super man o wait it will just be another episode of raw only on the big screen

  • Matt

    I need to invest in some WWE stock. I think it would be a smart idea to have some especially when WWE network launches.

  • Fernando

    I believe he needs to lose “the PG era” a lot of adults are losing interest. Kids are still going to watch no matter what, adults is where the money is at

    • Alex

      Adults don't buy the toys or the title belts. The problem isn't PG. The problem is the people running the PG-era.

  • Tim

    Braggart. Use the that stock line when you meet Vince and need a good brown nose move.