Reason & Details On Why WWE Is Cutting Costs, WWE Removing Talent From Live Events



wwe-tron-logo

WWE revealed that they have trimmed their outlook for 2013 due to lowered revenue expectations and higher investment spending, in a press release issued on Friday. Operating income was lowered before depreciation and amortization of $40 million – $50 million from the $56.9 million – $69.5 million they previously projected. Revenue for the second half of 2013 is expected to be 5% lower than previously expected.

“Our revised 2013 Outlook reflects a relatively moderate change in our second half revenue expectations and our continued investment in the WWE brand and our content,” said George Barrios, Chief Financial Officer. “Given the rising value of content in the market place, we believe these investments will maximize WWE’s future earnings as we renegotiate our four largest television distribution agreements and potentially launch a WWE Network.”

WWE’s stock was down 2.6% in after hours trading on Friday.

As PWMania.com previously reported, there was talk of cutting back non-essential talents such as managers from house shows due to the revised outlook.


  • Anon

    That’s because of the content of their show. how do you expect people invest their time in such shows when it just plain sucks?

  • ATLANTIS

    So it’s not only TNA that is suffering financial difficulties?

  • http://www.twitter.com/breanna_monique Breanna_Monique

    They still have managers?


Recent Posts

WWE SmackDown Results – August 29 2014

WWE SmackDown Results - August 29 2014

Match #1 Bray Wyatt vs Roman Reigns Reigns starts off in control but Bray quickly takes out Reig...

NXT Star Says He’s Bringing Brutality Back To WWE, Top Name Doing Shoot, Angle & Bruno

NXT Star Says He's Bringing Brutality Back To WWE, Top Name Doing Shoot, Angle & Bruno

- WWE's website recently spoke with NXT star Bull Dempsey, who will face Mojo Rawley at Takeover 2 o...

TNA Announces Several Wrestlers & Ticket Information For Bound For Glory 2014

TNA Announces Several Wrestlers & Ticket Information For Bound For Glory 2014

- TNA issued the following today: TNA Wrestling's Bound for Glory Pay-Per-View Korakuen Hall ...

New Videos Of Superstars & Trainers In Action At WWE Performance Center In Orlando

New Videos Of Superstars & Trainers In Action At WWE Performance Center In Orlando

Jim Varsallone of The Miami Herald has several new videos from the WWE Performance Center on his You...

Official Statement On Jake “The Snake” Roberts’ Current Condition

Official Statement On Jake "The Snake" Roberts' Current Condition

Thanks to Jake "The Snake" Roberts attorney and manager Kyle P. Magee for issuing the following: ...