WWE News: 8/2 Vince McMahon conference call - WWE Network, WWE TV deal with Ion, Raw expansion to three hours


prowrestling.net
MEMBERSHIP INFO | LOG-IN | CONTACT US | SUBMIT NEWS | ABOUT US
Insider News • Live TV & PPV Coverage • Hitlists • Results • Blogs

HOME | WWE NEWS | TNA NEWS | MMA NEWS | ALL NEWS | TV & PPV | ARENA REPORTS | VIEWPOINTS | PRODUCT REVIEWS | AWARDS



Dot Net App
GOT AN IPHONE, IPAD, IPOD TOUCH, SAMSUNG GALAXY TAB, OR ANDROID PHONE?

THEN BE SURE TO DOWNLOAD OUR NEW FREE APP
(or SEARCH "pro wrestling" in App Store or Android Marketplace)

Dot Net Podcast
CLICK HERE TO SUBSCRIBE TO DOT NET FREE PODCAST IN ITUNES OR CLICK HERE FOR LISTING OF LATEST SHOWS

WWE News


WWE News: 8/2 Vince McMahon conference call - WWE Network, WWE TV deal with Ion, Raw expansion to three hours
Aug 2, 2012 - 10:00 AM


Vince McMahon hosted a conference call pertaining to the second quarter financial report that WWE released on August 2, 2012. The following are the highlights of the call.

-Michael Weitz of WWE Investor Relations opened the call and noted that he was joined by Vince McMahon and WWE CFO George Barrios. Weitz turned the call over to Vince.

-McMahon said the quarter was essentially flat. "It was nothing to write home about," Vince said. He touted the 17 percent increase in pay-per-view revenue. He noted the decrease in licensing profits was due to the lack of the WWE All-Stars title. Vince said the live events and TV ratings were flat.

-Vince boasted about the "excellent" television ratings for Raw 1000. He said the third hour of WWE Raw will give them more exposure.

-Vince laughed as he talked about remastering and releasing "No Holds Barred" and said it has done extremely well.

-Vince said people have been very patient regarding when and what the WWE Network is. He said they are not ready to make an announcement, but he feels very confident that next month they will be making one.

-Barrios said the company invested $5 million in Tout. He said the Tout app was downloaded more than 30,000 times after they included Touts in their live Raw broadcast. He ran through the second quarter earnings presentation.

-Barrios said the WWE Main Event television show will debut on October 3.

-Barrios touted upcoming movie releases, including "The Marine: Homefront" with The Miz, "Dead Man Down" starring Colin Farrell and co-starring Wade Barrett, "The Hive" with Halle Berry and David Otunga, "No One Lives" with Luke Evans and co-starring Brodus Clay, and a film called "Barricade" that will be released in September.

-Barrios also noted that they spent $100,000 to remaster "No Holds Barred" and expect to generate $300,000 in revenue from the film.

-Barrios raved about their increases in Facebook and Twitter follower count and Youtube views.

-They switched gears to take questions from callers. The first caller asked for more details regarding the range of format options for the WWE Network. Barrios said the three basic models that exist are broad basic distribution, a pay TV format, and a third would be "over the top." He said they continue to have discussions regarding all three.

-Barrios said he feels they've improved the content and functionality of the WWE website, and he said he feels increasing the social aspect of it has also helped improve their numbers in that area.

-Barrios said they will spend between $5 million and $10 million on programming for WWE Network this year. He ran through other expected costs. He said they will discuss the expense model and investment model once they release more details about the network.

-A caller asked to explain the pay-per-view growth this quarter. Barrios said WrestleMania buys were up roughly 15 percent. He said the other events were up 20 percent. The caller asked if they spent more on marketing. Barrios said he felt the creative was great and that's what drove it. He said marketing was essentially flat compared to the year before.

-The caller asked about North American attendance being down. Barrios said it's hard to make a comparison from quarter to quarter because they are in different markets. He acknowledged that Smackdown live event attendance is down from where they would like it to be. Barrios said they view the numbers as status quo.

-The caller also asked whether the Youtube content takes away from television. Vince said it enhances it. He turned the focus to the three-hour expansion and said the earlier hour helps them reach a different audience. He said they can't get much from that extra hour internationally because they have existing deals. He said the same is true for the WWE Main Event show. He said they expect that to change once the existing contracts expire.

-Barrios declined to say what percentage of Tout they own. He noted that they released the investment amount ($5 million).

-A caller asked where WWE expects the most growth from social media. Barrios said it's hard to draw a direct line. "I believe the bigger win is just enhancing the brand and engaging with our audience, and that ripples through everything," Barrios said.

-The caller asked about WWE Superstars and NXT television. Barrios said they continue to be broadcast internationally. He noted the change in the NXT format and taping location. He said it's been going "real well" and said the show "looks great." The caller specifically asked for an update about the shows airing in the United States. They breezed through that one with the usual line about how it could change. At least they didn't make the usual claim about the shows being in high demand.

-Regarding WWE Network content, Barrios mentioned Legends House and said they expect to have live programming as well. He mentioned their library and said they are creating new content using the library. He said they've developed a "compelling show" called "Monday Night Wars."

-The caller stated that as a shareholder, the company needs to say more regarding the WWE Network. "I'm quite confident that the next earnings call will have a lot more clarity for you," Vince McMahon responded.

-A caller mentioned that Raw and the pay-per-views seem to have become edgier. He asked whether there's been an intentional move to bring back double entendres from the Monday Night Wars era. Vince said he sees it as an evolvement, and feels the writing of the shows have been considerably better. He said he doesn't feel there's a topic they can't touch while doing it in a more acceptable way. He said they've been more G than PG, but he said you can stretch things. A caller asked whether they took it too far on the G-rating side, and Vince agreed with that assessment.

-This concluded the conference call.

RECOMMEND THIS ARTICLE:


READ OUR INSIDER NEWS BEFORE ANYONE ELSE! BECOME A MEMBER FOR JUST $7.50 A MONTH (or less with a year-long sub) - GET THE FIRST LOOK AT EXCLUSIVE INSIDER DOT NET NEWS, TONS OF EXCLUSIVE AUDIO CONTENT, MEMBER MESSAGE BOARD ACCESS, START YOUR OWN BLOG, AND VIEW THE SITE WITHOUT ANY ADVERTISING: SIGN ME UP (or MORE INFO)



RELATED ARTICLES FROM MGID AFFILIATE SITES...
WWE News • Latest Five Articles
Powell's WrestleMania 3 review: Hulk Hogan vs. Andre the Giant for the WWF Championship, Randy Savage vs. Ricky Steamboat for the Intercontinental Championship, Roddy Piper vs. Adrian Adonis
WWE going all out with digital initiatives and access during WrestleMania 30 week
4/2 WWE Network Schedule: Live stream programming lineup
Former WWE creative team member on Bray Wyatt's promos, John Cena's wacky ways, Triple H toying with online fans
WWE Raw Rating: Final numbers for the WrestleMania 30 go-home edition, comparison to last year's go-home show
4/1 WWE Main Event Live TV preview: The lineup for tonight's television show - the end of an era (no spoiler)



MEMBERSHIP INFO
Become a Dot Net Member right now for $7.50 a month or $66 a year ($5.50 a month avg.). Get exclusive audio, first-look insider news, Forum access, member blogs, more...

CLICK FOR SIGN-UP INFO


The Current Must-Read List
• Powell's WrestleMania 3 review: Hulk Hogan vs. Andre the Giant for the WWF Championship, Randy Savage vs. Ricky Steamboat for the Intercontinental Championship, Roddy Piper vs. Adrian Adonis
• Pruett's Blog Flashback: The Undertaker's Streak Series Part Three - The American Bad Ass Years & The Deadman's Return - WrestleMania XVII - WrestleMania XX
04/02 Prowrestling.net All Access Interview: Artist Rob Schamberger on his WrestleMania Axxess project, his background, and more
• Powell's WWE DVD Review: "Signature Sounds: The Music of WWE"
04/01 Prowrestling.net Live Podcast: WWE Hall of Famer Jim Ross on the Dot Net Weekly audio show
• 4/1 Kester's WWE Main Event Live Coverage Review: Sheamus vs. The Miz and Nikki Bella vs. Tamina
• Powell's WWE Raw Hit List: Daniel Bryan attacks Triple H, Brock Lesnar finally gets the better of Undertaker, John Cena in a sheep mask, Kane vs. Roman Reigns, final hype for WrestleMania 30
• Pruett's Blog Flashback: Undertaker's Streak Series Part Two - Coincidence Preserves The Streak - WrestleMania XII - WrestleMania XV
• Powell's WrestleMania 2 review: Hulk Hogan vs. King Kong Bundy in a cage match for the WWF Championship, Roddy Piper vs. Mr. T in a boxing match
• WWE News: Chris Jericho says the time isn't right for his WWE return
ACCESS PREVIOUS MUST-READ ARTICLES

Vote In Our Latest Poll

WrestleMania 30 Poll: Who ends the night as Divas Champion?
AJ Lee
Naomi
Cameron
Brie Bella
Nikki Bella
Natalya
Eva Marie
Emma
Aksana
Alicia Fox
Summer Rae
Rosa Mendes
Layla
Tamina
  
VOTE IN OR SEE RESULTS OF PREVIOUS POLLS

Dot Net Free Podcasts
04/02 Prowrestling.net All Access Interview: Artist Rob Schamberger on his WrestleMania Axxess project, his background, and more
04/01 Prowrestling.net Live Podcast: WWE Hall of Famer Jim Ross on the Dot Net Weekly audio show
03/31 Prowrestling.net Live Podcast: Jason Powell and Chris Shore take your phone calls on WWE Network launch day
CLICK FOR FULL LISTING OF ALL PODCASTS

Latest from Our Affiliate Site

_pwtorch.com_
CLICK HERE FOR MORE PWTORCH HEADLINES

© 2008-2012 LAST ROW MEDIA LLC • ALL RIGHTS RESERVED -- PRIVACY POLICY