Meanwhile, WWE is burning cash at an alarming rate. The promotion reported a negative free cash flow -$10.08 million, a financing cash flow of $-11.57 million, and an investing cash flow of -$9.87.Read more
Strangely, Epic Games’ Battle Royale Shooter game sensation Fortnite could be partially responsible for WWE’s ratings woes.Read more
All In demonstrates that YouTube is a more powerful media than cable TV.
Moreover, Alphabet (NASDAQ: GOOG) is responsible for All In’s success. All In demonstrates that YouTube is a more powerful media than cable TV. Being the Elite and all the video of New Japan, Ring of Honor, and other shows on YouTube made All In possible.
Therefore, WWE’s focus on cable TV and Facebook (NASDAQ: FB) video is probably a waste of time of and money. A smart move for WWE would be to cancel Miz & Mrs. and spend the money saved on hundreds of YouTube videos.
Cody Rhodes is ably demonstrating that WWE’s business may have no value and little future.
This means Rhodes’ event has outsold everything held by the ECW, or TNA, and its successor Impact. What is more incredible is that Rhodes achieved that with no corporate backing and little help from the big media. Instead, all Cody needed was a little leveraging of digital technology and some shrewd guerrilla marketing.
That makes WWE a pretty good metric for other traditional entertainment companies that are trying to transition to digital-content providers. We might be seeing the future of companies as diverse as TV networks like CBS (NYSE: CBS) and movie studios like Lionsgate Entertainment Group (NYSE: LGF.A) at WWE.
The advantages of this business model are that the WWE can generate cash flow without having to pander to advertisers.Read more
Musk is between a rock and a hard place here, he needs federal backing for some of his activities; particularly SpaceX. Yet the primary buyers of his cars are wealthy liberals who loathe Donald. J. Trump. Musk may have to make some tough decisions to preserve his companies in the age of Trump.Read more
Investors need to pay attention to Matt Hardy, because his success might be repeated by any performer using open sourced media to totally disrupt the business. This professional wrestler from North Carolina might be showing us the future of entertainment.Read more
So yes you can make a little money from WWE stock. If you’re a wrestling fan and you’re looking for a dividend, WWE stock is not a bad investment. For everybody else there are other stocks with better dividends out there. At the end of the day, WWE is a decent investment and an impressive company because it is making some money in a business where other better financed organizations are not.Read more
The world’s largest online retailer is trying to buy the streaming video rights to a wide variety of sporting events, Bloomberg Technology reported. The idea is apparently to add some live sports; or reruns of sporting events, to Amazon Prime and provide some popular content that Netflix (NASDAQ: NFLX) lacks.Read more
Revenues at Vince McMahon’s wrestling empire grew to their highest level yet in Second Quarter 2016; rising from $653.69 million to $702.50 million. That made for a revenue gain of $48.81 million which is very impressive. The growth has been ongoing since McMahon launched his WWE network in February 2014.Read more