Credit: Mike Johnson and Pwinsider.com
After the formal introductions, Vince McMahon said that their Performance Center in Florida is doing very well and said they are continuing to work on a subscription model for the future Network. He praised the live events and said things were strong.
Vince passed it over to CFO George Barrios. He noted they had some lower international TV rights this quarter. Dead Man Down’s low performance and the THQ bankruptcy brought down the company a bit. They lost $3 million due to the THQ issue but noted they have locked in their new deal for the license going forward. Barrios noted their Twitter and Facebook followers are up 73% in the last 12 months. Using those strengths will be a key part of their strategy going forward.
Revenue was 3% when they remove the Studios from the earnings. TV was up 15% from this time last year thanks to the third hour of Raw, Saturday Morning Slam and Main Event. They now produce 6 1/2 hours of TV domestically a week. PP...