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 Referee Nearly Loses His Thumb At Live Event In Saudi Arabia (Graphic Photo)

WWE Referee Nearly Loses His Thumb At Live Event In Saudi Arabia (Graphic Photo)

WWE referee Charles Robinson nearly lost his thumb while setting up the ring for Friday's WWE live e...

Full WWE Network Schedule For Saturday: New WWE Superstars, This Week In WWE, More

Full WWE Network Schedule For Saturday: New WWE Superstars, This Week In WWE, More

Below is the full schedule for Saturday, day 55 of the WWE Network launch: 12am EST - Legends Hou...

Today In Wrestling History- April 19th

Today In Wrestling History- April 19th

Trivia 1986 – The Road Warriors (Hawk & Animal) win the inaugural Jim Crockett Sr Memoria...

Jim Ross Blogs On Booking Sting’s Run In WWE, Praises Renee Young, Ross Report, More

Jim Ross Blogs On Booking Sting's Run In WWE, Praises Renee Young, Ross Report, More

WWE Hall of Famer Jim Ross is back with a new blog on jrsbarbq.com. As always, you can purchase JR's...

Video: AJ Styles vs. Michael Elgin – Ring of Honor Wrestling, March 29, 2014

Video: AJ Styles vs. Michael Elgin - Ring of Honor Wrestling, March 29, 2014

- Ahead of their rematch tomorrow night at the William J. Myers Pavilion, Baltimore, Maryland, Ring ...