Archive - 01/11/2012

WWE Network to be subscription-based when it launches

WWE Network

The proposed WWE Network will be a premium subscription model according to WWE Chairman and CEO Vince McMahon and it will be carried by all major cable providers. McMahon called it the “most interactive network in the world” however stopped short in announcing when the Network will eventually launch. The Network was supposed to launch...

Brad Armstrong passes away at age 51

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WWE today announced that Brad Armstrong, the son of WWE Hall of Famer Bob Armstrong and the brother of WWE employees Road Dogg Jesse James and referee Scott Armstrong, passed away at the age of 51. A short story on WWE.COM said that Brad was found unresponsive this morning and last week he went to see a physician for a medical issue. Armstrong...

Pay-per-view buys increase 13% thanks to good SummerSlam buyrate

SummerSlam

Only Money In The Bank performed worse than last year in the past quarter as far as pay-per-view numbers go with SummerSlam and Night of Champions both registering a nice increase in total buys. The July Money In The Bank show did 188,000 buys this year compared to the 195,000 of last year. SummerSlam in August did 358,000 with Lesnar vs HHH as...

Q3 2012 revenue hits and misses for each WWE department

WWE HQ

Six of the ten departments within WWE registered a loss of revenue compared to the same quarter last year while the remaining four departments generated an increase. In the good department, Pay-per-view went up to $16.3 million versus $15.8 million as last year thanks to SummerSlam; TV revenues were $34 million, on par with the figure of last...

John Cena returns to action after elbow surgery

John Cena

John Cena returned to action last night in Strasbourg, France, for his first match since his elbow surgery in September. He wrestled – and defeated – Dolph Ziggler with their match taking place in the middle of the card. Cena underwent surgery on September 18 and was estimated to return in time to fight CM Punk at Hell In A Cell...

WWE announces Q3 2012 financial results

WWE HQ

WE today announced financial results for its third quarter ended September 30, 2012. Revenues totaled $104.2 million as compared to $108.5 million in the prior year quarter. Operating income was $5.0 million as compared to $15.9 million in the prior year quarter. Net income was $3.5 million as compared to $10.6 million in the prior year quarter...