WWE loses 50% of it's value in one day!

[Ogg]

http://www.forbes.com/sites/maggiem...rly-50-as-nbcuniversal-deal-fails-to-impress/

Talk about getting body-slammed: World Wrestling Entertainment (WWE), which normally broadcasts all the hits, is instead taking the hits early Friday morning after a new TV deal with NBCUniversal has failed to impress investors. The terms of the new contract are so underwhelming that, despite insistence from chairman Vince McMahon that the deal will be good for the company’s earnings, shares of WWE are plunging nearly 50% in early Friday trading.

Of additional concern: the company’s WWE Network — McMahon’s attempt to bring wrestling “over the top,” industry speak for online streaming — needs to add 1.3 million to 1.4 million global subscribers in order to offset the Network’s cannibalization of WWE’s pay-per-view revenue, but first quarter subscriber numbers indicate that the Network has gained just 670,000, results that put the company on track for an operating income loss.

Don't expect a UFC monthly PPV subscription anytime soon :icon_chee.

 

[Degen Gambler]

Damn, Vince hasn't lost this much money since he paid for his wife's senate campaign

 

[L0ki]

Damn, that sucks.

WWF was the platform that got me into MMA.

"Wrestling is fake, it isn't real!"

Switches to MMA.

"It's too violent!"

Haters gonna hate.

Hope they do better. Would be a travesty if they had to close up shop.

 

[XThe GreatestX]

i find it funny because if it happened to the ufc they would go bankrupt

 

[Chules]

 

[FRANKIE 保憲]

Damn, Vince hasn't lost this much money since he paid for his wife's senate campaign

I bet he lost more in the steroid scandal.

 

[Joe]

a few months ago everyone was here throwing dirt on the grave of the ufc for doing this subscription network

 

[TmacRmac**]

No one really watches WWE. Dat shit is gay.

 

[RyanRAW]

This was bound to happen with how much it's value jumped in recent times, and the expectations. They will rebound the product has been picking up in popularity again.

No one really watches WWE. Dat shit is gay.

More people watch it than MMA every week.

 

[BionicCommando]

The UFC doesn't care much what it does today. It cares what it's doing two years from now. Or even 6 months from now when they have to sit in front of PPV providers and determine whether they want to cut back on PPVs.

 

[Lucifer Alpha]

 

[BionicCommando]

This was bound to happen with how much it's value jumped in recent times, and the expectations. They will rebound.

The entirety of the picture wasn't, especially not the stock collapse. Most people thought they'd make a killing on their new TV deal. They got substantially lower than what they expected to get.


Now of course I'm sure they'll rebound---as they have before. The question is how long and if you're an MMA fan, how badly does it scare off the UFC.

 

[Dyson]

This was bound to happen with how much it's value jumped in recent times, and the expectations. They will rebound.



More people watch it than MMA every week.

More people watch real sports than both

 

[FootstompShonie]

Now do people understand why Fight Pass isn't like the WWE Pass? It's a colossal failure. They barely have half of the subscribers they need to break even.

 

[ManiacTroll]

Goddamn that sounds tough. The network actually sounded like a great concept.

 

[Steve08]

Damn, Vince hasn't lost this much money since he paid for his wife's senate campaign

lol nice :icon_chee

 

[BionicCommando]

Now do people understand why Fight Pass isn't like the WWE Pass? It's a colossal failure. They barely have half of the subscribers they need to break even.

It feels far too early to label it that. Again this isn't a process that's going to be deemed a success or a failure in a week or a month or even a year. It's going to be a long drawn out process for them to educate and retain subscribers, especially for that period of time where they DON'T have Wrestlemania.

 

[HowAmINotMyself]

Astute

 

[fe4tw]

a few months ago everyone was here throwing dirt on the grave of the ufc for doing this subscription network

Yes, but they were doing that because they thought it sucked, which it does.

 

[emperor]

Damn, Vince hasn't lost this much money since he paid for his wife's senate campaign

The last time before that was when he tried to take on the NFL with Tommy Maddox and Rod Smart as his poster boys.