Found June 15, 2012 on TWNP-Wrestling News & Information:
PLAYERS: Shane McMahon
Here are details on Shane McMahon taking his YOU On Demand company public, courtesy of thewrap.com: - According to an SEC filing, McMahon loaned his YOU On Demand company $3.0 million in May to cover expenses. - The company reported a net loss of $4.8 million in Q1-2012 and generated revenue of $2.0 million during the quarter. - YOU On Demand provides video on-demand services in China and is essentially in start-up mode. - McMahon noted the company went public on Nasdaq to “position the company correctly for growth.” - The investment money for advertising & marketing in China. - The company plans to grow to 11 million homes in China by the end of the year after launching in three million homes late last year. - McMahon also stated that having the support of major US studios with a 20-year exclusive license to distribute movies in China gives them security. **LEAKED PHOTOS** FIRST LOOK AT THE **NEW** WWE CHAMPIONSHIP BELT!! (»»)
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