-

Vince McMahon says NBC Universal deal was a disappointment

WWE Chairman and CEO Vince McMahon admitted that they were disappointed with the amount of money they got from the NBC Universal deal although he was happy with the International deals that the company managed to get done so far.

The company recently wrapped up deals in the United Kingdom, Thailand, and finalizing a deal in India, all of which were deals that WWE got more money from. The average annual value of these key television agreements along with the NBC Universal deal is approximately $200 million, representing an increase of more than $90 million from previous deals.

One important thing mentioned was that the three shows negotiated – RAW, Smackdown, and Total Divas – have different end dates and were not negotiated as one package as WWE has hoped for. WWE timed all their shows to expire at the same time to get them all as one however Chief Financial Officer George Barrios said that all the shows are on a less than five year deal and they’re still finalizing certain aspects of the contract.

When an investor asked if the launch of the WWE Network hurt negotiations, Vince McMahon said it probably did have a negative effect after all. Timing was everything though and if they didn’t launch it in February they would have needed to wait another year since the idea was always to lunch prior to WrestleMania.

Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

LATEST NEWS

Steel cage match headlines tonight’s Smackdown on FOX

Tonight's Smackdown will feature a steel cage match which will have implications for the Fastlane pay-per-view.Daniel Bryan will be...

Tony Khan believes the balance of power in wrestling has shifted to AEW

In an interview with Forbes published yesterday, AEW President Tony Khan said he believes that the balance of power...

WWE doubles video game revenue after shift in strategy

An article on the website Sportico.com highlighted how WWE's strategy to tackle mobile games is paying off after selling...

Stories you might also likeRELATED
Recommended to you