Kemo
07-27-2017, 04:21 PM
WWE Chairman and CEO Vince McMahon, Chief Strategy and Financial Officer George Barrios, Chief Revenue & Marketing Officer Michelle Wilson and SVP Financial Planning & Investor Relations Michael Weitz are hosting a Second Quarter 2017 earnings call today from WWE headquarters in Stamford. You can check out coverage of this morning’s press release at this link. (http://dailywrestlingnews.com/wwe-reports-record-revenue-and-q2-2017-results/) Below are highlights:
Weiss opens the call and welcomes us with the basics. Vince McMahon takes over and says they are pleased with the execution of strategy to optimize the longtime value of their content. He touts some of the numbers from the press release, including live event revenue, WWE Network revenue, and subscribers. Vince touts The Mae Young Classic and says it’s one of the things Triple H is putting together for the company, as he did with the Cruiserweight Classic. Vince says The MYC is the chance to bring up young female performers, which is vital to their overall product. He says many of their quarter-hours of TV programming reflect success for the female performers. Vince says one of the things he looks at for overall interest in a product is digital video views and they had 9.1 billion views in this part of the year, which is extraordinary. He also touts social media followers and says that’s a tremendous indication of overall interest. He also touts global sponsorship and how blue-chip sponsors like KFC, Nestle, AT&T, and others have joined them. He plugs the September live event in China and says their strategy in China is looking good. He also plugs some of their international TV deals before turning it over to Barrios.
Weiss opens the call and welcomes us with the basics. Vince McMahon takes over and says they are pleased with the execution of strategy to optimize the longtime value of their content. He touts some of the numbers from the press release, including live event revenue, WWE Network revenue, and subscribers. Vince touts The Mae Young Classic and says it’s one of the things Triple H is putting together for the company, as he did with the Cruiserweight Classic. Vince says The MYC is the chance to bring up young female performers, which is vital to their overall product. He says many of their quarter-hours of TV programming reflect success for the female performers. Vince says one of the things he looks at for overall interest in a product is digital video views and they had 9.1 billion views in this part of the year, which is extraordinary. He also touts social media followers and says that’s a tremendous indication of overall interest. He also touts global sponsorship and how blue-chip sponsors like KFC, Nestle, AT&T, and others have joined them. He plugs the September live event in China and says their strategy in China is looking good. He also plugs some of their international TV deals before turning it over to Barrios.