WWE Releases Senior VP Of Creative, Another Possible Cut, More On Layoffs, WWE Magazine

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WWE’s Senior Vice President of Creative Eddie Feldmann was let go this past week due to the ongoing budget cuts. Other people from WWE creative were also reportedly released last week due to the cuts.

Due to WWE cutting 7% of their staff last week, they will face additional losses of $5.4 million in the third quarter due to severance packages and other costs that come with the termination of employees.

We noted before that WWE has talked about bringing back combined RAW and SmackDown tapings. Another idea discussed as a way to cut live event costs is to run less expensive arenas.

Regarding WWE Magazine being shut down, the magazine has mostly been at break-even or very slightly profitable with consistently declining sales. Gross magazine revenue was down $500,000 this quarter from the same period one year ago. WWE is willing to license their name to a publishing company so it’s possible that some form of a WWE magazine will return in the future.

(Source: Wrestling Observer Newsletter)

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  • CMP

    Don’t over saturate your product. Cut Raw back to 2 hours and make it’s time MEANINGFUL with STORY PROGRESSION. Get rid of Smackdown. And keep Main Event exclusively on the network. Try and make your show “must see tv” rather than “its something to do I guess tv”.

  • edrese

    I don’t agree with you when it comes to cutting smackdown if they made it like it used to be with 2 completely different rosters would be alot better and make two titles and give underutilized superstars a chance to shine

  • http://www.imdb.com/name/nm3769949/ thatpj

    Lol just when they said cuts were done. Also released ADR!

    • Larry Brown

      Well yeah they released him he smacked a non talent employee

  • Larry Brown

    I remember a few years ago the raw before mania was live and all of us there were surprised when they taped a match or two for what was then the superstars show prior to it then after raw went off the air they taped a large part of smackdown. We were there for almost 5 hours it was great. The only way I could see this working as a permanent thing going forward is to cut at least one house show a week otherwise you run the risk of wearing out talent.