WWE Conference Call Highlights - Vince McMahon On Why Wrestlemania XXVIII Was So Successful, WWE Network Update, The Future Of WWE Superstars & WWE NXT

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WWE held a conference call with investors this morning to discuss the company's first quarter earnings for 2012 that were reported this morning. Vince McMahon and Chief Financial Officer George Barrios were on the call. Below are the highlights:

  • It was announced the company has spent $2.1 million this quarter for development of the WWE Network.
  • Vince McMahon said the success of Wrestlemania XXVIII this year compared to years past is due to better execution all the way around. He put over the year long build to John Cena vs. The Rock and said The Undertaker vs. Triple H was for the long-term fans. He said there was something for everyone.
  • Vince said any hold-ups for the WWE Network are on WWE's side and not on the distributors. He reiterated they have discussed traditional and new models.
  • McMahon said the company wants to own 100% of the WWE Network and have full control on programming. He emphasized they know their product better than anyone.
  • Vince estimated a 3-month timeline in terms of when an announcement would be made regarding WWE Network distribution.
  • George Barrios said the company has put aside $15-$25 million for WWE Studios and are working on how to develop and spend the money as they develop new projects.
  • Barrios said WWE did around 1 billion viewers on YouTube last year and they made advertisement revenue off those. Google, the parent company of YouTube, is going after original content and now pays WWE a licensing fee for their content.
  • WWE Superstars and WWE NXT are being monetized internationally and there is hope to play the shows on traditional networks very soon.
  • awa

    just cancel nxt and superstars already

    • Joe O.

      Why? It’s not doing them any harm and it gives more talents like McGillicuty, Kidd, Riley, JTG, a chance to be seen while also developing younger talents. Instead of getting rid of them, make them their own brand. If anything get rid of the “Redemption” for NXT. Obviously the competition is over.

      • dusty588

        I agree with Joe 100% For superstars in FCW that haven't had as much exposure as Antonia Cesaro and others, NXT/Superstars is a good place for them to go after FCW before debuting on RAW or Smackdown. Also if there was no NXT or Superstars, when you go to a televised event, you would only have RAW or Smackdown.

    • Yup get rid of nxt and superstars but bring back ECW

      • JamieSNZ

        Noooooooooo. Please don't.

    • Christ 4 Life

      Why don't we cancel you?

  • Aldin94

    I like haveing nxt and superstars because when i go to tapeings i get more bang for my buck.