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Forbes - WWE Stock Plunges Vince McMahon is taking a HUGE hit to the wallet

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mrquincy

mrquincy

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http://www.forbes.com/sites/maggiemcgrath/2014/05/16/wwe-slammed-stock-plunges-nearly-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 companys earnings, shares of WWE are plunging nearly 50% in early Friday trading.
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The stocks losses have also had a body-blow impact to Vince McMahons personal wealth: according to the FORBES real time wealth tracker, McMahon has lost $357 million, nearly a third of his fortune, since Thursdays closing bell.

Ouch that's gotta fucking hurt.
 
gummo
What's causing it? Morons jumping ship to UFC? Obviously not because the human race is evolving to a more intelligent species.
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I think it is because the investors did not like the NBC Universal TV deal... I know that McMahon does not really favor the 'good vs evil' model that wrestling has thrived on forever in terms of character development.
 
Quincy has it. It's from the NBC Universal deal and their movement away from PPV content to a subscription model. They're having some big presser on Monday to discuss forward looking estimates, earnings revisions and other MD&A so everyone is worried that there is going to be a serious downward revision. In the grand scheme of things this stock is an small cap (micro cap?) which is purely speculative anyway. If anything I'd probably be a buyer around $12 before the presser and should it drop again I'd average in.
 
Yeah. I think right now they have a bit of a stagnant product. They've moved on from the "attitude era" where it was all sex and violence and into a more entertainment, soapy, story based product. With increasing pressure from MMA and a rapidly changing media environment it's gonna take a innovative new angle on either the product in the ring side or the media/delivery side and I just don't know what it would be. Definitely interesting, if anyone can change the game it'd be McMahon.
 
It's part of what I was saying about character development and the polarization of good vs evil. No one is really good or bad anymore; they are just weird.


Remember Iron Sheik vs Nikolia Volkoff? This is classic WWF/E

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I don't buy any of that "back in my day" type criticism - which I often hear. It's really the same as it was - good vs. evil stories included. If anything I'd say today's WWE is more like the golden age (81-89? 92?) than the attitude era (93? 94? - 2008?) was.

I'm not saying the golden age wasn't my favorite period, it was. I just don't know why i like it more, because I don't think the product has changed very much at all.
 
I haven't watched much, but I see that too many wrestlers are average looking guys not freaks and thats boring. But I agree that alot of it is nostalgia. I remember watching Sunday wrestling with my father. I didn't like it as much at the time as I like remembering it now. :grin:
 
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