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Vince McMahon Thinks Their Latest Move Will Expand WWE’s Reach

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• Vince McMahon Thinks Their Latest Move Will Expand WWE’s Reach

During WWE’s Full Year 2020 financial results, Vince McMahon discussed WWE Network’s move to Peacock (the deal is reportedly worth $1 billion for 5 years).

Vince thinks this move will increase the reach of WWE’s brands:

“During the fourth quarter, we continued to produce live content in new ways, which successfully increased audience interaction and engagement.

As we continued to adapt our business to the changing media environment, we completed an important agreement to license WWE Network content to Peacock, which we expect will expand the reach of our brands and enhance the value of our content.”

You can read WWE’s full earnings report for 2020 below:

Fourth Quarter 2020 Highlights

(All comparisons are versus the prior year period unless stated otherwise)

– Revenue was $238.2 million, a decrease of 26% or $84.6 million, reflecting the absence of the Company’s large-scale event in Saudi Arabia and ticketed live events

– Operating income was $36.2 million, a decrease of 64% or $63.6 million

– Adjusted OIBDA1 was $51.2 million, a decrease of 52% or $56.4 million

– WWE transitioned Raw and SmackDown to Tropicana Field in Tampa Bay (December 11), and continued to deliver a spectacular interactive experience, WWE ThunderDome, to fans

– WWE Network average paid subscribers were 1.5 million, an increase of 6%

Full Year 2020 Highlights

(All comparisons are versus the prior year period unless stated otherwise)

– WWE produced live, in-ring content without interruption throughout the year, demonstrating the Company’s ability to adapt to COVID-19 and unprecedented industry challenges

– Revenue was $974.2 million, an increase of 1% or $13.8 million as the growth in core content rights fees was largely offset by the loss of ticket revenue and the absence of a large-scale international event

– Operating income was $208.6 million, an increase of 79% or $92.1 million, driven by the substantial rise in content rights fees, which have a high incremental margin

– Adjusted OIBDA reached a record $286.2 million, an increase of 59% or $106.2 million

– Digital video views were 38.0 billion, an increase of 10%, and hours consumed were 1.4 billion, an increase of 10%, across digital and social media platforms.”

Also Read: Backstage News On Vince McMahon’s Reaction To Lars Sullivan’s Past In Adult Movies

WATCH: Vince McMahon Kisses Candice Michelle (Part 1):

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• ON THIS DAY IN WWF HISTORY (February 4, 1996) – WWF Action Zone

On this day in 1996, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF Action Zone’.

This episode featured matches, promos, highlights & storyline segments on the road to the ‘WWF In Your House 6: Rage in the Cage’ PPV.

Here’s the card:

– Bart Gunn vs. Zip (Action Zone Exclusive)

– Promo By Roddy Piper

– Highlights Of What Happened Between Diesel/Shawn Michaels And The British Bulldog/Owen Hart/Yokozuna (From Last Weeks Raw)

– The Ross Report

– Highlights Of Shawn Michaels On The Jenny Jones Show

– Razor Ramon vs. Jeff Jarrett (From Superstars)

– Can We Talk With The Following Question: What Do The Superstars Think Of The Raw Band?

– Billionaire Ted’s Press Conference

        
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