Found December 06, 2012 on WZR Online:
76
Credit: SeekingAlpha.com WWE CFO George Barrios presented for the company at the UBS 40th Annual Global Media and Communications Conference. Here are the highlights… Concerning WWE Films: Talk a little bit of our film business. The film business has morphed in strategy and execution over the last few years. WWE launched its film business in late ’05. Early ’06 and essentially we produced six film, invested roughly $100 million dollars gross, up $75 million net of tax credits. We produced these films generally in localities where there is 20% to 30% and in tax credits but gross of about $100 million, and right now the projected return on and ultimate basis and now these are fairly long-lived films. So we feel pretty good about the productions. It is essentially just above breakeven in cash-on-cash return. That model was characterized by partnership. Each of those movies were co-produced, co-financed, for the most part and co-distributed with different partners, Fox and Lionsgate, to ...
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