WWE reports decrease in net revenue

MUMBAI: The World Wrestling Entertainment (WWE) has reported that net revenues for the fourth quarter ended 30 April 2005 have fallen to $118.3 million as compared to $126.7 million in the same quarter for 2004.

Operating income for the quarter was also down at $22.5 million versus $32.8 million in the prior year's quarter. One reason is that there were fewer pay per view (PPV) buys in the quarter. There were three PPV events in 2005 as opposed to four in the 2004 quarter.

Operating income for the year was $50.3 million versus $73.6 million in the prior year. Net income was $39.1 million as compared to $48.2 million in 2004.

PPV revenues were $34.6 million versus $43.7 million in the prior year quarter. Revenues from the branded merchandise segment were $20.8 million versus $25.7 million in the prior year quarter. Home video revenues were $5.1 million as compared to $11.1 million in the prior year quarter. Licensing revenues held steady at $3.7 million for both quarters. Publishing revenues increased to $3.6 million as compared to $3.1 million in the prior year.

The company states that international events that it holds were among the highlights. The big event was WrestleMania 21. The WWE produced 23 international live events in Asia, Australia and Europe. The fourth quarter concluded with a soldout international tour playing 14 live events before more than 100,000 people in the UK, Italy, Germany and Ireland.

In India WWE action airs on Ten Sports. WrestleMania 21 achieved an estimated 983,000 pay-per-view buys, an 11 per cent increase from the WrestleMania XX buys recorded in the fourth quarter of 2004.

WWE CEO Linda McMahon said, “Our fourth quarter results demonstrated the continued appeal of WrestleMania and that we have made significant strides to solidify our global presence in closing out fiscal 2005. We have established an ongoing presence in key territories such as the UK, Australia, Italy and Japan and can now more fully leverage our various business lines in these regions.

"In 2006, our focus will be on new and emerging businesses, such as our WWE 24/7 SVOD service, the expansion of our digital media product, theatrical films through WWE Films, and our new WWE Legends initiative that uses former Superstars as the basis for new product lines and activities. All these provide new opportunities to expand the WWE brand to new fans, and to reconnect with casual and former fans.

"On the international front, we will continue our expansion and plan to bring our live event tours to new territories including New Zealand and Central America. On the domestic front, we are excited about the move of our flagship cable programme Raw, to its new home on the USA Network in October, and the opportunities afforded by the move of SmackDown!to Friday nights on UPN.”

International events averaged approximately $698,000 in net revenues and averaged approximately $202,500 in profit contribution during the current quarter. This is compared to domestic event net revenues that averaged approximately $252,200 and averaged approximately $68,200 in profit contribution during this same period.

Latest Reads
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories