It’s good to see Vince McMahon understand that for his World Wrestling Entertainment empire to take a step forward, he needs to take a step back. After offering excuses for WWE’s poor creative prod…
“to look at longer range story arcs and work on character development, versus being in the weeds.”
He has long been feted for his ability to develop characters which tap into the national id, from Hulk Hogan in the 1980s, Stone Cold Steve Austin in the 1990s and John Cena in the 2000s. WWE’s revenue and operating income were down from Q2 2018, by 5% and 19% respectively, along with a decline in ratings,subscriptions and merchandise spend. One bright spot was that net income had slightly increased from last year’s level by 4% to $10.4 million.
On that note, the WWE head also decried AEW’s recent focus on what he dubbed “blood and guts” and stated that the WWE “is just not going back to that gory crap that we graduated from.”starting October 2nd During the call, WWE co-president George Barrios re-iterated the WWE’s stance that absences to key performers was the key behind 2019’s diminishing ratings for shows “Raw” and “SmackDown.” WWE went on to say in the call that, with the return of the superstars, ratings improved in May and June, which were not as far behind 2018 levels as April was.a special packed with former stars dubbed, had an audience 15% greater than the “Raw” airing a year before.
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