WWE Third Quarter Conference Call Highlights - 10/31/13 - Wrestle Newz twitter google

WWE Third Quarter Conference Call Highlights – 10/31/13

Vince McMahon and members of senior management are hosting a conference call pertaining to the 2013 third quarter report. Here are highlights from the conference:

* WWE Chairman Vince McMahon, WWE CFO George Barrios, and WWE Investor Relations Michael Weitz are hosting the call.

* Vince said the increased television rights fees offset the “disappointing” SummerSlam numbers and video game sales.

* Vince said fans “didn’t buy the attraction, as most of you know these events are attraction driven.

* Vince mentions that they are looking for “traditional and non-traditional distribution” for the WWE Network.

* Vince said their largest television contracts are coming up both in the United States and in the United Kingdom.

* Barrios took over the call temporarily and read through the financial presentation.

* Barrios said that revenue increased nine percent and said it was largely due to increased licensing fees and to some extent live events.

* Barrios noted that “Total Divas” has averaged roughly 1.8 million viewers per week.

* Pay-per-view revenue was down ten percent “primarily due to the performance of the SummerSlam event.” This is despite the fact that WWE added new digital media platforms for their pay-per-view events, such as Playstation 3.

* The movies released under WWE Studios new film model are expected to bring a 13 percent return.

* Barrios noted that the company is confident that they can double or triple their 2012 results by 2015 via future television agreements and the WWE Network.

* Barrios said their key domestic television deals are expected to be done by “next April.”

* Barrios compared WWE to live sports. He said the similarities make WWE “DVR-proof.”

* Barrios discussed the potential WWE Network platforms, then opened up the line for calls.

* The first caller noted that the domestic television deals are expected to be finalized by April 2014 and whether they will maintain their current relationships or end up elsewhere. He questioned whether WWE Vince said there is a certain exclusive negotiating window for current partners that ends on the first of the year. He said they can go outside to other potential partners after that. Barrios said the timeline they are offering is typical for television rights negotiations.

* Vince was asked about the pay-per-view numbers. He once again stressed that pay-per-views are attraction driven. He said it was a “swing and a miss” as far as the attraction they went with. He said the declining numbers really don’t have to do with anything other than that.

* Vince closed out the conference call by wishing everyone a good say and saying, “The future looks bright.”

Source: ProWrestling.Net

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  • tt2000

    Is he talking about Lesnar/Punk or Cena/Bryan? Maybe the babyface vs babyface dynamic is what he’s refering to?

  • Devon

    WWE 2k14 is the last wwe thing im gonna buy until the rumble ppv

  • JH

    WWE DVR proof? No way, what makes regular sports DVR proof is the fact that ESPN, Fox sports, and NBC sports and even local news are all reporting and analyzing results as they happen or just after they happened, that’s a ridiculous claim to make, especially when historically about 10% of their audience is DVR.

  • Matt Rennick

    DVR Proof? That’s just dumb. Yeah I watch Raw live and have it recording in case I miss it. I set it to run long too just in case. Smackdown I almost always DVR and watch later if something catches my eye in the recap.

  • Joseph Douglas

    The games don’t sell as much because there is no incentive when they release a new one every single year. PPVs are not selling because there is one every single month, instead of every two months when they could take the time to build up the entire card. I imagine the low Summerslam numbers will be pinned on Daniel Bryan, although him and Punk get the loudest pops.

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