WWE Chief Operating Officer Donna Goldsmith read a prepared statement at today’s investor conference call where it was noted that the transition in talent had an affect on the company’s latest financial results.
Explaining the company’s soft business, Goldsmith noted Shawn Michaels and Batista retiring following WrestleMania, The Undertaker and CM Punk missing time with injuries, and that Chris Jericho was “temporarily out of the ring.”
Goldsmith said the company is focused on developing new stars, specifically naming Wade Barrett, Alberto Del Rio and The Nexus.
In regards to WWE Studios projects, she noted their productions set for 2011 will have smaller budgets compared to before.
WWE’s 3 pay-per-view events from July-September generated $13.6 million which is down 6.2% from $14.5 million in same quarter in 2009.
Here is the breakdown:
- Money in the Bank (July) did 165,000 buys, down from the 267,000 buys that Night of Champions drew in July 2009.
- SummerSlam (August) did 350,000 buys, down from the 369,000 buys that SummerSlam 2009 drew.
- Night of Champions (September) did a 165,000 buys, down from the 169,000 buys that Breaking Point did in September 2009.
Source – WrestleScoop