VINCE MCMAHON SELLING WWE
While a lot of fans are hoping that it does not happen, the possibility of Vince McMahon selling WWE still exists. Business analysts have been speculating on a variety of possible new owners, and there are even talks that McMahon could be persuaded to make the move if there was a way that he could still be in charge of the company.
March 17, 2014
When it comes to public relations, Vince McMahon is one of the best in the business. Knowing that investors have their eyes closely on the WWE Network, the CEO has made sure that the numbers are kept a secret. It is being reported that even some of the top level executives are being kept in the dark about how well the project is doing.
July 14, 2014
During a recent podcast interview between Steve Austin and Vince Russo, the topic of the Montreal Screwjob came up. Russo gave specific details about what went down between Vince McMahon, Bret Hart and Shawn Michaels. Austin then finished the discussion by stating that he had no prior knowledge of the incident going down, but that he thinks the decision by McMahon and Russo was the right one. The business had to be protected from Hart and Eric Bischoff.
July 3, 2014
Some more bad news for Vince McMahon. It has now been revealed that WWE has lost their television deal with NT1. The two companies have been doing business for approximately eight years now. NT1 has decided to drop WWE from their programming due to declining ratings. McMahon still has his deals with cable and satellite companies in France, but there are fears that those deals could be dropped as well.
June 14, 2014
In a brilliant move by Vince McMahon, WWE is now offering further assistance to former performers to help them transition to regular life. The company is offering up to $5000 a semester for college tuition. WWE is also giving free assistance with financial planning and debt management. The gesture should hopefully bring some positive publicity to the company that has been hit in the business department.
June 4, 2014
With the declining stock prices recently, there have been talks backstage in WWE of taking the company private again. However, that is highly unlikely to happen as Vince McMahon loves the fact that his company is now public. There is more of a prestige with that status. Plus, McMahon feels that being public lends some credibility to WWE in the business world.
May 26, 2014
Since all the important monthly shows have been moved to the WWE Network, Vince McMahon and company have decided that they will no longer use the term "pay per view". Instead, WWE will be calling them "special events". PPV buy rate is no longer a vital thing for the company because they can now tell investors that the business has shifted to the WWE Network.
April 11, 2014
"Vince doesn't go to ball games, golf, or any of that rich-guy stuff. He just works, and nobody works harder than him. He's always had that unrelenting work ethic, and I think a lot of it stems from his father. His father was such an iconic figure in the wrestling business. Vince idolized his father from afar, and he wanted to do anything he could to draw favor from his dad. When his dad reluctantly allowed Vince to get into the wrestling business, that overwhelming work ethic kicked in." - Jim Ross praising Vince McMahon
April 4, 2014
The latest episode of Total Divas was the most watched one since the series started last year. That has pleased E! enough to where they posted a press release, touting it as their second best show behind Keeping Up with the Kardashians. Vince McMahon is said to be completely behind the business relationship and is willing to devote more resources to promoting his girls.
April 2, 2014
While it does not appear that he is willing to sell his controlling shares in the company, there are those within WWE that are worried about Triple H being the guy to replace Vince McMahon, as many do not feel that the former world heavyweight champion has enough business experience to handle that side of the corporation. They're not concerned about his wrestling knowledge, however.
March 21, 2014
Since the game has been out for quite some time now, retailers are reducing the cost of WWE 2K14 down to $39.99. Sales should be assisted greatly by the added interest that Wrestlemania 30 is bringing. Vince McMahon is very adamant about this aspect of the business, as he feels that it draws in the younger viewers that he targets.
March 18, 2014
While a lot of fans are hoping that it does not happen, the possibility of Vince McMahon selling WWE still exists. Business analysts have been speculating on a variety of possible new owners, and there are even talks that McMahon could be persuaded to make the move if there was a way that he could still be in charge of the company.
March 17, 2014
Since he has grown to become quite vocal and outspoken towards the company, many fans are wondering if the relationship between Vince McMahon and Mick Foley has soured backstage. According to Foley, he is still doing business with WWE. He recently made an appearance at NHL game and is scheduled to do an NBA game for the company soon.
March 3, 2014
Vince McMahon is a pretty clever business man. Since he knew that many would sign up for the free trial of the WWE Network, he opted to only include a certain amount of footage on there. The intent was to just whet the appetite of fans and entice them to sign up for the six month commitment. WWE will be adding a lot more content after the free trial period ends.
March 1, 2014
Since they were launching the WWE Network, many were under the belief that WWE would be pulling their content from Netflix, in order to increase demand on their own service. However, it has now been revealed that Vince McMahon has no intentions of severing that business relationship, as Netflix has provided a stable source of revenue.
February 27, 2014
"If you're not on the radar, he doesn't care about you. I got belittled by him quite a bit. When I came back as T. Reks, that was Vince. Next thing you know, I was Johnny's best friend. And when all that ended, he wouldn't give me the time of day. He is not a nice person. He is all strictly business." - Tyler Reks discusses John Laurinaitis and Vince McMahon backstage
February 26, 2014
While rumors of their demise are swirling rapidly around the promotion, TNA has opted to continue with business. Dixie Carter has announced that the company has signed Chris Melendez to a multiple year contract. The Purple Heart award recipient only has one leg because of injuries suffered while serving the country in Afghanistan. The move should bring about some positive press for TNA.
July 30, 2014
While a lot of fans bashed TNA for paying big bucks to Hulk Hogan over the years, his true value is coming out as Dixie Carter is having some trouble trying to secure a new television deal for Impact Wrestling. Hogan's name value helped open a lot of doors in business for the company, and his absence has made it a bit harder to sell networks on their product.
July 29, 2014
Rumors are floating around right now that Chris Jericho is done with WWE after he finishes up his feud with Bray Wyatt. The return was designed to be a short term thing, as the former undisputed champion still has other business ventures that he wants to focus on. There are talks that Jericho could be convinced to stick around in WWE a bit longer if an interesting program can be created for him.
July 28, 2014
Earlier in the month, Steve Austin made a comment about WWE being too scripted for his taste. While those comments would surely bring backstage heat on one of their mid card performers, it is being said that there is absolutely no heat towards Austin, as management knows that they might need him for business down the line.
July 28, 2014
On Monday Night Raw, Triple H cut a promo that took a jab at wrestling fans online. Some more details have been revealed now. The segment was in response to what HHH saw online from fans who complained about WWE Battleground 2014 being a sub par show. It has been said on multiple occasions that he hates fans who think they know how the business works.
July 24, 2014
Showing that some friendships extend beyond the business, Undertaker and his wife Michelle McCool recently attended a comedy show featuring Mick Foley. The longtime WWE couple wanted to show support for their old friend. The two of them even went backstage to catch up with Foley for a bit. Several wrestlers in the industry, including CM Punk recently, have made the effort to go watch Foley tell jokes.
July 14, 2014
While he walked away from WWE to focus on his business ventures, Tyler Reks is said to actually be open to the idea of making a return to professional wrestling. His former tag team partner, Curt Hawkins, was recently released from his contract, and the two of them quickly announced that they were available to work independent wrestling shows. There are also some rumors floating around that the two of them could be targeted by Jeff Jarrett for Global Force Wrestling.
July 6, 2014
Through Twitter, Petey Williams informed his fans that he will retire from professional wrestling after his final match on Saturday. The former TNA X Division Champion will be working against long time friend Chris Sabin at an independent wrestling show in Michigan. No word yet on why he has decided to retire after a dozen years in the business or what he intends to do afterwards.
July 4, 2014
While the general consensus in professional wrestling is that the world heavyweight champion plays a bit part in the overall success of the company, a recent article from Forbes attempts to dispute that by looking at the financial ramifications during the title reigns of CM Punk, John Cena and Randy Orton. Since the numbers are all over the place, the author concluded that the heavyweight champion does not have much of an effect on the business end of WWE.
July 2, 2014
While a lot of fans are under the impression that CM Punk left WWE because of a recent incident or two, Paul Heyman revealed during an interview with Chris Jericho that Punk had been unhappy with the company for well over a year. That unhappiness had sapped him of his passion for the business. Heyman also stated that Punk did not want to be one of those people who only stuck around for the money.
June 27, 2014
Earlier in the week, it was revealed that Michelle McCool had visited the WWE Performance Center to help train some of the developmental divas. That led to speculations that Undertaker was there as well. Contrary to the rumors, he was not there. The legendary performer has largely stayed away from the business since his match against Brock Lesnar at Wrestlemania 30.
June 26, 2014
JTG and Shad Gaspard are not the only former WWE tag team doing a reunion. Word going around is that Curt Hawkins and Tyler Reks are looking into doing a tour of the independent wrestling circuit together. Reks has not been all that active since leaving WWE to start his own business. The two of them should have enough name value to pick up bookings.
June 26, 2014
Since he was very popular with his peers backstage, there have been many wondering why WWE released Josh Mathews yesterday. It turns out that it was simply a business decision, as the company needed to trim their budget further. To management, Mathews was at the bottom of the list when it comes to announcers, commentators and interviewers. WWE is expected to continue with the releases to cut cost even further.
June 26, 2014
"First, I don't often explain myself to no one, but I had no idea anyone got let go. I was asked to post about birthday. That's what came out. It was about my 18 year journey. I know where you live, dude. It's a small world. An apology is due. If not, well, you know me. I'll handle our business." - Mark Henry responding to Curt Hawkins about his insensitive Tweet on the day of his WWE release
June 13, 2014
A lot of people have been expecting the release of JTG since he spoke up to management about pay per view bonus checks a couple of years back, but it never happened. Until today, that is. The former Cryme Tyme member was one of many WWE stars to lose their jobs today. To his credit, JTG has already been planning for this by working on a business project with Tyler Reks.
June 12, 2014
While the official WWE Network subscribers count will not be revealed until tomorrow, there are already speculations that the company will be doing a massive layoff due to what is predicted to be lower than expected numbers. It is being said that Vince McMahon will be releasing close to ten percent of his workforce in an attempt to appease the investors.
July 30, 2014
Rumors are floating around right now that Vince McMahon would be interested in purchasing the TNA library to add to his WWE Network. It could simply just be all speculation right now, as the company has been focused on cutting back their spending because of how much money has been lost over the last several months. Obviously, no negotiations have taken place since Dixie Carter is still trying to find a new television deal for Impact Wrestling.
July 29, 2014
The mystery is about to revealed. Vince McMahon has been keeping the subscribers count for the WWE Network a well guarded secret, even from those that are within the company. However, an announcement will be made on Thursday to the shareholders. Many are curious to see if the company was able to reach the million subscribers mark that they were hoping for.
July 29, 2014
Vince McMahon has another big headache to deal with, as his company is being hit with a class action lawsuit. The claim is that WWE purposely misled investors about their ability to secure a much better television deal with the network than the contract that they eventually signed. The promise of a bigger television deal was reportedly the reason why a lot of investors sank money into WWE, causing their stocks to soar to record levels.
July 26, 2014
For the longest time, it seemed like Sting would never ever work for Vince McMahon or wrestle for WWE, but things have taken quite the turn. The relationship between the two sides have grown rather quickly. It now appears inevitable that the legendary WCW star is going to work a big match for the company. Sting has repeatedly stated his desire to do a match at every public event that he has attended recently.
July 25, 2014
Even though he has not been with the company for quite a few months now, Jim Ross was actually under contract to WWE. Until today, that is. The legendary commentator revealed to fans through social media that his contract officially came to an end this week. While Ross has stated before that he would love to be the lead commentator for Monday Night Raw again, it does not appear that Vince McMahon is interested in that.
July 23, 2014
As late as Saturday, management had plans in place for Bray Wyatt to beat Chris Jericho at WWE Battleground 2014. However, Vince McMahon called an audible and had Jericho winning the match. No word yet on why McMahon made this decision, but it is being said that a lot of people backstage were against the idea because Wyatt had already started losing momentum with the audience.
July 22, 2014
Vince McMahon decided to take a huge gamble at WWE Battleground 2014 when he had Lana and Alexander Rusev cutting a promo that hinted about the recent airplane disaster in the Ukraine. That received plenty of backlash from the media and from fans on social media websites. It got to the point where WWE even released a official statement with a veiled jab at those who are complaining.
July 21, 2014
With the real life incident of an airplane being shot down in war torn Ukraine, there are rumors going around that WWE may be forced to tone down the ongoing story line with Alexander Rusev and Lana. Since a lot of people died in the incident, the company may need to be sensitive to the public right now. Vince McMahon loves pushing the envelope, but with WWE struggling financially, now would not be the time for such a move.
July 20, 2014
Since it's only a couple of weeks away from the end of the six month commitment, WWE has already sent out renewal notices to subscribers of the WWE Network. Interestingly enough, there are no special deals to entice people to remain customers. The belief is that with Vince McMahon in cost cutting mode, the company simply wants to make as much money as they can, so there might not be a loyalty discount.
July 19, 2014
With the company desperately needing to boost the subscribers count, the WWE Network is set to go international soon. Emails were sent out to various fans to let them know that a trial run was being offered. Vince McMahon and company are wisely taking the cautious approach by testing things out with a small group of people overseas before opening up the gates for everyone else.
July 17, 2014
In a sign of how tight money is becoming in WWE, Vince McMahon has decided to take away the tour bus that the production crew used to travel in. This has reportedly upset several of the workers, as they were able to sleep while being transported to the next city to set up the arena. Now, they're being forced to drive themselves, which means that they are receiving very little sleep.
July 16, 2014
While the event is still several months away and nothing has been decided yet, Sting is already planting the seeds for a legendary match at Wrestlemania 31. The former WCW champion wants the Undertaker, and he is not shy about stating that publicly. Sting told the Mirror that he has already informed WWE of his wish for next April, so it is now up to Vince McMahon and Undertaker to decide if it will happen or not.
July 16, 2014
Since his contract is expiring in a few days, there were many who believed that WWE was going to extend their contract with CM Punk since he has been gone for an extended period of time. However, reports are surfacing that Vince McMahon is opting against that because he does not see a reconciliation on the horizon. Plus, WWE cannot afford to pay a performer to sit at home.
July 14, 2014
While morale is really low backstage due to the recent and severe drop in royalty checks, WWE performers are not speaking out on the matter because they are afraid of Vince McMahon. Many saw what happened to JTG when he voiced his opinion about low pay per view bonus checks. The former Cryme Tyme member was buried for more than a year and recently was given a release form his contract.
July 14, 2014