WWE CUTTING 20 MILLION DOLLARS
When WWE stocks tanked really badly earlier this year, there were rumors floating around that Vince McMahon wanted his company to cut approximately $20 million in spending. That number has now been confirmed. No word yet on how close WWE has gotten to that goal, but the release of several performers from their contracts helped out quite a bit. More wrestlers could be let go in the near future to get closer to the $20 million mark.
July 7, 2014
During an interview with Primera Noticias, Alberto Del Rio revealed some details about his release from WWE. He stated that while Vince McMahon did admonish him, he was also told to go back to work. Del Rio found out the following day that he was then given a suspension. Shortly afterwards, Triple H called and told him that he was being fired instead of just suspended.
August 18, 2014
Apparently, there is a deal in place where the wrestlers are supposed to receive a portion of the money made from the WWE Network. No word yet on how big of a percentage that Vince McMahon is giving out. Unfortunately for the performers, though, no money is being paid out right now because the online service is losing a ton of money and forcing the company to release employees left and right.
August 15, 2014
When Mark Yeaton was given a release from WWE, many assumed that it was because the company was just trying to save money. However, speculations are now arising that there might have been more to it. Yeaton, who has worked with the company for approximately three decades, was close with Kevin Dunn. Triple H and Dunn are reportedly locked in a power struggle backstage to see who can sway Vince McMahon the most.
August 10, 2014
Mark Yeaton has been released by WWE. You probably cannot pick him out of a police lineup, but you're very much familiar with his work. He has been the timekeeper for the company for a very long time. His release has caused some fans to complain, despite it being common knowledge that Vince McMahon needs to cut back on their expenses. Yeaton was also in charge of maintaining the ring.
August 7, 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
When WWE stocks tanked really badly earlier this year, there were rumors floating around that Vince McMahon wanted his company to cut approximately $20 million in spending. That number has now been confirmed. No word yet on how close WWE has gotten to that goal, but the release of several performers from their contracts helped out quite a bit. More wrestlers could be let go in the near future to get closer to the $20 million mark.
July 7, 2014
Since the company has been undergoing budget cuts, a lot of things are changing in WWE. In addition to several long time performers being given a release from their contract, Vince McMahon and company have also scaled things back on the WWE Network. Tough Enough has been pushed back, and there might not be a second season of Legends House. At one point in time, it was a certainty that the show would be receiving another season.
July 6, 2014
A day after she was arrested for shoplifting, WWE has released Emma from her contract. There were those in the company that believed that she would be allowed to ride out the storm because the item stolen was not very expensive, but it turns out that Vince McMahon and company needed to make an example of her. Since she was not very high up on the card, it was easier for WWE to release her.
July 2, 2014
As many of you already know by now, Drew McIntyre, who was once viewed as a future world champion in WWE by both Vince McMahon and the fans, received his release from the company earlier this month. The talented and underrated performer will now be forced to use a different name if he wishes to continue in the professional wrestling industry because WWE owns the trademark. The belief is that he will wrestle under his real name for the time being.
June 20, 2014
After suffering a massive drop a couple of weeks ago, WWE stock started rising this past week. Many within the company attribute that to the release of several wrestlers. That has caused a lot of fear backstage because performers feel that Vince McMahon could take that as a sign for him to release several more people. Rumors are circulating that a lot of developmental wrestlers will be released soon.
June 17, 2014
There was a point in time where fans viewed Drew McIntyre as a future world champion in WWE. The praise began when Vince McMahon himself went on television and declared that McIntyre was a future star in the company. That never came to be. After floating around as a member of 3MB, McIntyre has now received his release from WWE.
June 12, 2014
While there are rumors that the company is delaying the release date of WWE 2K15 until Wrestlemania 31, management has not informed retailers of that decision yet. Various stores, both online and offline, are still informing their customers that the video game will be coming out sometime in October. Vince McMahon and WWE might opt to go the traditional route and release the game in the fall.
May 21, 2014
Change is a tough pill for some people to swallow, so expect to see a lot of professional wrestling fans complaining this fall if the upcoming WWE 2K15 video game does not get released around the same time as usual. Vince McMahon and company are said to be leaning towards pushing the release date back all the way until Wrestlemania 31 to capitalize on the momentum that the company has during that time of year.
May 14, 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
Rumors are floating around online right now about CM Punk returning to TNA. However, that is not the case whatsoever. He is currently still under contract to WWE, and Vince McMahon has no intentions of giving him a release at the moment. The belief is that both sides will simply enable the deal to expire in a couple of months and then part ways completely.
March 27, 2014
The hot rumors right now is that WWE is going to prevent Alberto Del Rio from working for another wrestling promotion in the United States for the next year. In exchange, the company will continue to pay him, even though he has been given a release. That has led fans to speculate as to how much money he will be given. The belief is that it will not be the full amount of the contract, as he will not be paid for working live events.
August 21, 2014
While management has seemingly given up on the Bo Dallas push, they do not appear to be in a rush to give him a release just yet. The belief is that WWE will keep him around for the time being and utilize him as a roster filler. Dallas is considered a good employee who shows up to work and does not cause trouble backstage. Another push seems to be out of the question, though.
August 18, 2014
As expected, WWE has instructed their performers to remain silent if they are asked about the backstage incident that led to the release of Alberto Del Rio. When asked by the media, Sheamus explicitly stated that he knew nothing of the situation, even though most everyone in the company is aware of what happened. Management does not want to run the risk of starting a legal battle with Del Rio.
August 17, 2014
Earlier this year, Curt Hawkins was delivered a bit of a blow when he was given a release by WWE, a company that he had spent years working for. However, he has kept his head up and has been moving forward in life. Aside from being able to focus more on his wrestling school, the former tag team champion has also announced that he is now engaged to his long time girlfriend.
August 16, 2014
As if he really needed it, Hulk Hogan has gained more leverage with WWE when it comes to capitalizing on his name value. The special edition of the upcoming WWE 2K15 with his face attached to it has reportedly been sold out at a lot of retailers, even though the release date is still several weeks away. Hogan has been quite the asset to the company over the last year, and he more than likely will continue to cash in big checks from WWE.
August 16, 2014
Some further information is being leaked about the situation that caused Alberto Del Rio to be given a release by WWE. Cody Barbierri, the employee that was allegedly slapped by Del Rio, apparently has a history of saying derogatory things towards the wrestlers. Reports are surfacing that he has gotten away with things in the past because he is backed by Stephanie McMahon. This would explain why a good amount of wrestlers backed Del Rio when he left the company.
August 14, 2014
There has been a lot of speculation floating around about Alberto Del Rio and his release from WWE since word got out that the former world heavyweight champion was going to be making an appearance for AAA at TripleMania this upcoming weekend. Some believe that he was able to convince WWE to waive his 90 day no compete clause because of the backstage incident.
August 13, 2014
As many already know, WWE has been trying to downplay the importance of Great Khali to the company. For years, he was paid a very high salary because of his overseas marketing appeal. However, with WWE losing a ton of money lately, there are talks that the former world heavyweight champion could become a casualty soon. Giving him a release would save WWE close to a million dollars a year.
August 13, 2014
Rumors are spreading that Alberto Del Rio could possibly become one of the bigger names to sign with Jeff Jarrett and Global Force Wrestling. The speculation is due to the fact that the two of them will both be at TripleMania this weekend. Jarrett has a business relationship with AAA and will be wrestling at the pay per view, while Del Rio, fresh off of a controversial release from WWE, will be making an appearance.
August 12, 2014
The Alberto Del Rio story has just gotten a little more interesting. An employee of AAA has announced that the former world heavyweight champion will be making an appearance at TripleMania, which is the Mexican version of Wrestlemania, on Sunday night. Generally, WWE enforces a 90 day clause on performers who are given a release. There is a possibility that Del Rio might not be under that clause, which means that his chances of showing up in TNA has increased tremendously.
August 11, 2014
As many of you already know by now, Alberto Del Rio was given his release from WWE because of an incident backstage where he allegedly slapped an employee for saying something racist. Reports are now surfacing that a lot of the wrestlers have sided with Del Rio and are upset with management for cutting him loose in the manner that they did.
August 11, 2014
There are still a lot of fans under the belief that the Alberto Del Rio release was a work by WWE. Some are basing solely on the fact that the company has addressed his actions in a straightforward manner. Those within the industry, though, know that this is a legitimate thing. There is no story line being set up for a feud between Del Rio and Triple H.
August 10, 2014
It appears that a free subscription of the WWE Network is being given to employees who are being given a release from the company. Evan Bourne revealed that management gave him a full account when he was let go. The belief is that others were afforded the same benefit as well. Management is probably doing this as a way of keeping things well with departing employees.
August 10, 2014
When Ricardo Rodriguez asked for his release from WWE, he told his side of the story. He wanted to wrestle again. Reports are now surfacing that the other side of the story involves his weight. Management wanted him to get to a certain number, but Rodriguez had trouble getting to that point. Thus, officials refused to give him the chance that he had been training for.
August 10, 2014
Now that he has been given his release from WWE, Evan Bourne is opening up about allegations about his drug use backstage. The high flyer admitted that he did smoke marijuana. he also revealed that he failed the drug test because of synthetic marijuana. Bourne stated that he has apologized to Kofi Kingston, who he was teaming with at the time, for ruining their push.
August 10, 2014
When WWE announced that they were moving Summerslam 2015 from Los Angeles to New York, the company did not reveal the actual location of the pay per view. There are rumors floating around now that Vince McMahon may try to do the event at the massive MetLife Stadium that was the host of Wrestlemania 29. It's quite the risky endeavor, so the belief is that WWE will eventually end up choosing the Barclays Center or the IZOD Center instead.
August 21, 2014
When Rey Mysterio decided to make a video appearance at TripleMania for AAA, the belief was that he was doing it as a shot at WWE. Rumors have surfaced that he is quite upset with the company in regards to his contract situation. Reports are now surfacing that Mysterio had a handshake agreement with Triple H that would have enabled him to walk away from the company. However, Vince McMahon reportedly decided to overrule that and force to remain under contract to WWE for another year.
August 20, 2014
There are rumors floating around right now that Vince McMahon is not interested in seeing Kurt Angle making a return to WWE. However, that appears to just be speculation. While management has been trying to cut back on spending, the belief is that they would open the check book for Angle since he is a superb performer who can draw in a good amount of fans.
August 18, 2014
Reports are surfacing that there is some backstage heat between Vince McMahon and Triple H at the moment over the main event of Wrestlemania 31. McMahon wants Brock Lesnar to defend the title against the Rock, as he feels that those two guys would produce the biggest draw of a match for WWE. HHH, however, wants the company to elevate Roman Reigns by having him challenge Lesnar.
August 18, 2014
Over the last couple of years, Summerslam has grown to become a tradition in Los Angeles. Last night, however, WWE announced that the tradition is going to be broken. Summerslam 2015 will be held in the New York area. No official word yet on why Vince McMahon called for the change. The venue has not been announced yet, but rumors are floating around that McMahon wanted something more than the Staples Center.
August 18, 2014
When Vince McMahon decided to take the WWE Network north of the border, they decided to partner up with Rogers Communications. That led to a lot of upset fans because the full online service was not being made available in that country. Rogers has now announced that they are working on a plan to bring the full WWE Network experience to their customers in the near future.
August 17, 2014
While the company was hoping that the legendary masked performer would make an appearance at TripleMania on Sunday, AAA is reportedly backing away from Rey Mysterio. The promotion does not want to be involved in a contract tampering lawsuit with WWE. As of right now, there is a bit of a dispute between Mysterio and Vince McMahon on their deal. Until that is cleared, AAA will not be contacting Mysterio.
August 16, 2014
Rumors have surfaced that Vince McMahon and company have given up on Bo Dallas. They do not view him as someone that will be a major asset to WWE. With his push being derailed on television, these rumors appear to lean closer to fact than fiction. Dallas had his push taken away almost immediately the last time he was on the main roster, so there are those that believe that this might be his final chance.
August 15, 2014
Alberto Del Rio might not be the only familiar WWE face to make an appearance at TripleMania this upcoming Sunday night. Word has it that Rey Mysterio has accepted the invitation from AAA to be at the biggest wrestling pay per view in Mexico this weekend. If the masked performer shows up, then that means that his contract issues with Vince McMahon are still lingering.
August 14, 2014
Reports have surfaced that the WWE Network has become the primary priority for Vince McMahon nowadays. He is obsessed with getting the online service launched internationally. McMahon is also looking into a lot of options on how to increase the subscribers count. The belief is that he feels that everything with the stocks will work itself out once he can show the shareholders that the Network can reach its full potential.
August 13, 2014
Fans in Canada have access to the WWE Network now, but it is not like what their counterparts in the United States are used to. Instead of it being an online service, Vince McMahon made a deal with Rogers that puts his product on television. Fans will have access to the scheduled programming, but they will not be able to browse through the catalog. It is also $11.99 instead of $9.99. In addition to that, Rogers is only available in a portion of the country, so everyone else is left out. That has caused some criticism from fans online.
August 13, 2014
Initially, rumors floated around that the WWE Network was going to be available on a monthly basis without commitment to subscribers for $19.99. However, it looks like Vince McMahon and company are going to reduce that down to $12.99. Many felt that doubling the price would be too much for people, so the new price was agreed upon. The belief is that a lot of subscribers who were on the six month commitment may switch over to the monthly plan.
August 12, 2014
While a lot of fans are still under the impression that Hulk Hogan is really training to make an in ring return for WWE, no discussions are taking place within the company, as many people are already aware that the former world heavyweight champion is in no shape to wrestle. Vince McMahon would gladly pull the trigger on something like this since it would generate a ton of publicity, but he knows it will not be taking place.
August 8, 2014
The feeling backstage in WWE is that no one is safe now that Vince McMahon is desperate to cut the losses. That proved to be the case when the company released Eddie Feldman, who was the Senior Vice President of Creative. Other people in the department were released as well, which means that a lot of the segments on Monday Night Raw and Smackdown are going to become a bit more basic.
August 7, 2014
Michael Luisi has sold 3890 shares of WWE stock. Normally, that would not be big news, but since he is the president of WWE Studios, it has created some interest. Seeing an executive within the company selling his shares has created a lot of speculations, with some people thinking that he is leaving the company soon. A lot more fans than usual have taken interest in the stocks since it was revealed that Vince McMahon lost a ton of money.
August 7, 2014