Author - Colin Vassallo

WWE giving the pink slip to 7% of its workforce today


Black Thursday is becoming the new black Friday as WWE is handing out pink slips to 7% of its workforce to make up for loss in revenue from WWE Network and pay-per-view business. is reporting that according to a WWE spokesman, job cuts will impact all business units across all WWE’s locations. WWE employs around 850 people worldwide...

WWE revenues by region and segments for Q2 2014


The following are the revenues by region and business segment which were released in today’s financial report. Network revenues including money generated from WWE Network, PPV, and VOD increased 13% to $43.3 million; WWE Network generated $19.4 million in subscription revenue from an average of 665,000 paid subscribers; TV revenues increased...

WWE announces Q2 2014 financial results


WWE today announced financial results for its second quarter ended June 30, 2014. For the quarter, the Company reported a Net loss of $14.5 million compared to Net income of $5.2 million in the second quarter last year. “WWE’s core business metrics remain strong, and WWE Network continues to be the single greatest opportunity to...

Vince Russo announces his departure from TNA


Former WWE and WCW creative writer Vince Russo today announced on his Twitter that he’s finished up with TNA Wrestling. Russo had denied working for TNA for months until one fine day he mistakenly sent an e-mail to one of’s staff members which wasn’t meant for him basically confirming the reports that he was still being paid by...

RAW rating for 07/28/2014


Monday Night RAW this week drew a total of 4,318,000 viewers, down just over 100,000 viewers from last week’s 4,433,000 number. Hour one did 4,391,000 viewers, followed by 4,511,000 in the second hour before dropping nearly half a million viewers to 4,051,000 in the third and final hour. (Ratings credit:

More denials from TNA regarding Spike TV rumors


TNA Executive Bob Ryder is joining company President Dixie Carter in denying the TMZ rumors that Spike TV has opted not to renew their contract with TNA. “Reports are not true. Negotiations with @SpikeTV are ongoing,” wrote Ryder in a post on Twitter yesterday. That is basically the same thing that Carter said while Spike’s official position...

All-female angle headlines RAW for the first time in 10 years

Stephanie McMahon

WWE made a gutsy move yesterday and decided to end RAW with an angle featuring two women, something that hasn’t been done in a decade. The angle involved Stephanie McMahon and Brie Bella, who managed to get her job back and get a match against Stephanie at SummerSlam in return of dropping the charges from the angle that ran last week when...

WWE hires new SVP of Sales & Partnership Marketing


WWE has hired Barry McMullin as Senior Vice President of Sales & Partnership Marketing and will be responsible for providing strategic vision for WWE’s global sales operation and WWE Network sales strategies, as well as ensuring revenue growth is aligned with company objectives. McMullin, who previously held senior level sales positions...

Spike TV and TNA refuse to comment on cancellation rumors


Both TNA and Spike have refused to comment on the rumors that Impact Wrestling will soon be without a home after Spike decided to cancel it from their schedule, not renewing the deal that the two sides had. When we reached out to David Schwarz, the Senior Vice President of Communications for Spike TV, he said, “Per Viacom company policy –...

WWE announces the signing of Fergal Devitt

Prince Devitt

After it was initially reported in May, WWE today officially announced that they have signed 32 year old Fergal Devitt who wrestles under the name of Prince Devitt. With his working visa sorted, Devitt has moved to Orlando, Florida, where he will be assigned to the Performance Center and NXT for the time being before moving up to the main...

Reports suggest Spike TV has canceled TNA’s Impact Wrestling


TMZ.COM is reporting that Spike TV has canceled Impact Wrestling, leaving TNA without a home come October of this year and putting the company in serious jeopardy. The popular website said that multiple sources with direct knowledge of the deal informed them that Spike TV executives made the call to TNA President Dixie Carter last week to tell her...

WWE signs new TV deal with OSN in Middle East and North Africa


WWE has signed a new television deal with OSN which has broadcast rights in the Middle East and North Africa. The new deal, that goes through 2019, will see Monday Night RAW airing live as well as SmackDown, NXT and Main Event. WWE pay-per-views will have a new home on OSN Sports 2 HD. In addition, all OSN subscribers can also watch all the WWE...

Class action lawsuit filed against WWE over TV deal fiasco


Shareholder rights law firm Robbins Arroyo LLP announced yesterday that it has filed a federal securities class action lawsuit on July 25, 2014, in the U.S. District Court for the District of Connecticut on behalf of all persons who purchased or otherwise acquired WWE stocks between October 31, 2013 and May 16, 2014. The lawsuit is against the...