Monday, August 4, 2014

Is It Time For W(WE)orry?

Vince McMahon and the billion-dollar industry he owns in WWE has cut 7% of their workforce in efforts to save money. While the company has had pay-per-view numbers drop in the past year, WrestleMania 30, the biggest event in sports entertainment, was one of the most watched all time. This alone brought in numbers, money, and better publicity with the non-wrestling media members. The cuts of workforce members are to keep money that they hope to not lose with the 5 remaining PPV's of the calendar year. Next year, WWE would save 10 million and in 2016, 30 million dollars.
Announced today (Tuesday), WWE has announced the drop of the magazine department. WWE produces two magazines currently in WWE Magazine and WWE Kids Magazine. The history of the monthly literature program has stretched back to the 90's.

While all of this is for "saving money" WWE is taking surprising measures for a company owned by a billionaire. They are doing fine and the drop in PPV viewers is only because BleacherReport and other sports info sources are watching it for you and telling you when the things happen. The WWE Network is a genius idea, and when they have more studio shows like SportsCenter but solely based on wrasslin', then you will sees resurgence in membership.

Frankly, you should be more worried about the possible unification of the Intercontinental Championship and the United States Championship...
(Pictured from left to right: former WWE World Heaviweight Champions Daniel Bryan, Randy Orton, and retired legend and 11 time champion, "The Best In The World" CM Punk)

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