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Revenues from the live and televised businesses were $60.0 million
for the current quarter as compared to $66.8 million in the prior
year quarter. PPV revenues were $18.8 million versus $18.5 million
in the prior year quarter. There were three PPV events produced
in the current quarter as compared to four events in the prior year
quarter. WWE will produce 16 PPV in fiscal 2006, as compared to
14 events in fiscal 2005.
Live event revenues were $13.0 million as compared to $20.1 million
in the second quarter of last year. This decrease is primarily due
to fewer international events in the current quarter. There were
78 events, including two international events, during the quarter
as compared to 83 events, including 15 international events, during
the same period last year.
The average attendance in the US was approximately 4,300 as compared
to approximately 3,800 in the prior year quarter.
The decrease in revenues is attributable to fewer international
events, which generate significantly more revenue per event than
the US events due to the combination of higher average attendance
and higher average ticket prices.
Television ad revenues were $7.7 million as compared to $9.8 million
in the prior year quarter. This decline was primarily due to the
change in the television distribution with USA Network, which became
effective in October 2005. Due to this change WWE no longer participate
in domestic ad sales. This resulted in an overall decline in ad
spots sold during the current quarter.
Television rights fees revenues were $20.4 million as compared
to $18.4 million in the prior year quarter. The increase was due
primarily to approximately $1.4 million of additional international
rights fees primarily from India, Japan, South Korea and Italy.
Revenues from the company’s branded merchandise businesses were
$28.9 million versus $17.1 million in the prior year quarter. Merchandise
revenues were $5.0 million as compared to $3.9 million in the prior
year quarter. This increase in revenues was mainly driven by the
WWE Shop website with the number of orders more than doubling from
the prior year quarter from approximately 15,000 orders to around
36,000 orders.
Home video net revenues were $11.9 million as compared to $4.5
million in the prior year quarter. The increase was due in part
to an increase of approximately 0.2 million gross units sold and
an increase in the average sales price of DVDs, of approximately
$5.00 per unit, due to the release of several higher priced titles
in the quarter.
Licensing revenues were $6.4 million as compared to $3.8 million
in the prior year quarter. The increase was generated by the sales
in the toy category and the continued growth in our international
markets. Digital media revenues were $2.3 million as compared to
$1.8 million in last year's quarter.
In India viewers can catch WWE action on Ten Sports.
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