bad_meetz_evil
06-20-2007, 12:30 PM
WWE Films Updates Expectations For Its Third Feature Film, ''The Condemned''
Tuesday June 19, 6:41 pm ET
STAMFORD, Conn.--(BUSINESS WIRE)--Following successful releases of "See No Evil" and "The Marine," WWE Films, a wholly-owned subsidiary of World Wrestling Entertainment, Inc. (NYSE:WWE - News), announced today that it has re-evaluated expectations for its feature film, "The Condemned" and has recorded a related impairment charge of $15.7 million.
The charge, which will be included in the second quarter 2007 results, reflects the Company's revised long-term financial projections for the film, based on the $7.4 million in domestic box office receipts to-date.
Additional information on World Wrestling Entertainment, Inc. (NYSE: WWE - News), can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.
Trademarks: All World Wrestling Entertainment Inc. programming, talent names, images, likenesses, slogans, wrestling moves, and logos are the exclusive property of World Wrestling Entertainment Inc. ECW is a trademark of WWE Libraries, Inc. All other trademarks, logos and copyrights are the property of their respective owners.
Credit: W-E
Tuesday June 19, 6:41 pm ET
STAMFORD, Conn.--(BUSINESS WIRE)--Following successful releases of "See No Evil" and "The Marine," WWE Films, a wholly-owned subsidiary of World Wrestling Entertainment, Inc. (NYSE:WWE - News), announced today that it has re-evaluated expectations for its feature film, "The Condemned" and has recorded a related impairment charge of $15.7 million.
The charge, which will be included in the second quarter 2007 results, reflects the Company's revised long-term financial projections for the film, based on the $7.4 million in domestic box office receipts to-date.
Additional information on World Wrestling Entertainment, Inc. (NYSE: WWE - News), can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.
Trademarks: All World Wrestling Entertainment Inc. programming, talent names, images, likenesses, slogans, wrestling moves, and logos are the exclusive property of World Wrestling Entertainment Inc. ECW is a trademark of WWE Libraries, Inc. All other trademarks, logos and copyrights are the property of their respective owners.
Credit: W-E