Details On Shane McMahon’s Company Going Public; Finances & More


Here are details on Shane McMahon taking his YOU On Demand company public, courtesy of thewrap.com:

- According to an SEC filing, McMahon loaned his YOU On Demand company $3.0 million in May to cover expenses.

- The company reported a net loss of $4.8 million in Q1-2012 and generated revenue of $2.0 million during the quarter.

- YOU On Demand provides video on-demand services in China and is essentially in start-up mode.

- McMahon noted the company went public on Nasdaq to “position the company correctly for growth.”

- The investment money for advertising & marketing in China.

- The company plans to grow to 11 million homes in China by the end of the year after launching in three million homes late last year.

- McMahon also stated that having the support of major US studios with a 20-year exclusive license to distribute movies in China gives them security.





You may also be interested in...



Recent Posts

Video: Complete WWE Extreme Rules 2013 Pre-Show

Video: Complete WWE Extreme Rules 2013 Pre-Show

Rivals meet as The Miz and Cody Rhodes clash at the Extreme Rules Pre-Show. Get all the latest news ...

Video: The Miz vs. Cody Rhodes: WWE Extreme Rules 2013 Pre Show

Video: The Miz vs. Cody Rhodes: WWE Extreme Rules 2013 Pre Show

Rivals meet as The Miz and Cody Rhodes clash at the Extreme Rules Pre-Show. Get ready for the one sh...

Live Now: Wrestle Talk Radio Talking WWE Extreme Rules

Live Now: Wrestle Talk Radio Talking WWE Extreme Rules

The Evolution of Online Sports Entertainment, Wrestle Talk Radio returns to the airwaves of the Wild...

WWE Extreme Rules Post Show Report – May 19, 2013

WWE Extreme Rules Post Show Report - May 19, 2013

- The 2013 WWE Extreme Rules post-show opens up with Renee Young, Mick Foley, Wade Barrett and Titus...

Photos From WWE Extreme Rules PPV – The Shield, Brock Lesnar vs. Triple H, John Cena & Ryback

Photos From WWE Extreme Rules PPV - The Shield, Brock Lesnar vs. Triple H, John Cena & Ryback

Here are live photos from Sunday's WWE Extreme Rules pay-per-view:...