Linda McMahon Endorses Romney, WWE Studios In Trouble, More
– United States Senate candidate Linda McMahon has officially endorsed Rebpulican candidate Mitt Romney for the 2012 Presidential election. For more on Linda’s endorsement of Romney, check out Politico.com.
– At Thursday’s WWE Investor conference call, it was announced that revenues from WWE Studios plummeted a staggering 51% during the third quarter of 2011. Vince McMahon stated on Thursday that WWE plans to “monitor and refine to improve future performance.” WWE plans to release three films already wrapped over the next six months. Entertainment publication Variety has an article up looking WWE’s struggling film division.
– CTPost.com has an article up looking at the strong performance of WWE’s stock on Thursday despite the company’s Q3 earnings dropping to $10.6 million, down from $14.3 million last year. CTPost wrote:
“Stamford-based WWE reported earnings Thursday and saw shares up 3.4 percent to $10.66 on the New York Stock Exchange. The wrestling entertainment company said earnings fell to $10.6 million, or 14 cents per share in the third quarter, from $14.3 million, or 19 cents a share, over the same period last year.”
“WWE’s film business was a drag on earnings again, but revenue from live and televised events rose nearly $5 million to $78.1 million in the quarter.”