This article is an insight into the money world of the WWE. WWE’s revenue in the last 12 months was approximately $400 million, with a net profit of approximately $277 million.
In February 2008, WWE announced a 50 percent increase in stockholder dividends for all shares not owned by the McMahon family, this decision boosts the quarterly dividend from $0.24 to $0.36 per share.
This shows how WWE were and are moving from strength to strength and showing that they are looking after the people who hold the shares.
Wrestlemania 23 attracted 80,000 fans to Detroit last year and made 1.2 million buys which set new records for the WWE. This helped to expand the company so much that they now have offices in Australia, Japan, and China.
The WWE have set contracts up with various companies including Mattel (2010) and My Network TV being in the top sections. Below are some figures I found for magazine and home video allowances for 2006 and 2007 in thousands,
Balance at beginning Costs and expenses Deductions End
Magazine allowance $4,602 $20,555 $20,465 $4,512
Home Video $2,920 $10,198 $9,301 $3,817
Balance at beginning Costs and expenses Deductions End
Magazine allowance $4,076 $23,472 $22,740 $4,808
Home video $8,510 $17,669 $19,557 $6,662
As is shown, the WWE are losing money in magazines but gaining a healthy profit in home video.
Below is a list of the Board and are in commanding order.
Vincent K. McMahon is the co-founder of World Wrestling Entertainment, Inc, has served as Chairman of the Board of Directors and the board of directors of its predecessor entities since 1980. He is Chairman of the Executive Committee. Mr. McMahon and Linda E. McMahon are husband and wife.
Linda E. McMahon is the co-founder of World Wrestling Entertainment, Inc., has served as its Chief Executive Officer since May 1997, and was President from May 1993 through June 2000. She is a Director and a member of the Executive Committee.
Gov. Lowell P. Weicker, Jr. has been a Director of World Wrestling Entertainment, Inc. since 1999 and is Chairman of the Compensation Committee. Mr. Weicker served as Governor of the State of Connecticut from 1991 to 1995.
He served as a United States Senator representing the State of Connecticut from 1970 to 1988. Gov. Weicker also serves as a director of Compuware Corporation, HPSC, Inc., Phoenix Mutual Funds, Medallion Financial Corp. and UST Inc.
David Kenin has been a Director of World Wrestling Entertainment, Inc. since 1999 and is a member of the Audit and Compensation Committees. Since January 2002, Mr. Kenin has been Executive Vice President of Programming, Hallmark Channel.
Mr. Kenin is the former President of CBS Sports. Until 1994, he was Executive Vice President of USA Networks and after that, he was the general partner of Kenin Partners, a consulting firm.
Joseph Perkins has been a Director of World Wrestling Entertainment, Inc. since 1999. Mr. Perkins was a pioneer in the television syndication of wrestling matches starting more than 40 years ago. He is President of Communications Consultants, Inc.
Michael B. Solomon has been a Director of World Wrestling Entertainment, Inc. since August 2001 and is a member of the Audit and Compensation Committees. Mr. Solomon is Managing Principal of Gladwyne Partners, LLC, a private equity fund manager.
Prior to founding Gladwyne Partners in July 1998, Mr. Solomon was affiliated with Lazard Freres & Co. LLC. Mr. Solomon joined Lazard Freres in 1981 and became a Partner in 1983.
Kevin Dunn has been a Director of World Wrestling Entertainment, Inc. since August 2008 and has served as WWE’s Executive Vice President, Television Production, since July 2003.
In his current position running WWE’s pivotal television business, Mr. Dunn manages WWE’s television and production facilities, including a team of approximately 165 people that produce five hours of fresh prime-time television programming each week for U.S. networks and nine hours of original programming for markets in 130 countries, as well as content for DVDs, pay-per-views, and video on demand.
Frank A. Riddick has been a Director of World Wrestling Entertainment, Inc. since August 2008 and is Chairman of the Audit Committee. Mr. Riddick is a consultant to TowerBrook Capital Partners, L.P. (“TowerBrook”), a New York and London– based private equity firm.
Mr. Riddick is a director of GrafTech International Ltd. Prior to joining TowerBrook, he served as President and Chief Executive Officer of Formica Corporation, a manufacturer of surfacing materials used in countertops, cabinets, and flooring from January 2002 to April 2008.
Mr. Riddick served as President and Chief Operating Officer of Armstrong Holdings, Inc. from 2000 to 2001 and as Chief Financial Officer at Armstrong and its subsidiaries from 1995 to 2000.
Jeffrey R. Speed has been a Director of World Wrestling Entertainment, Inc. since August 2008 and is a member of the Audit Committee. Mr. Speed has served as Executive Vice President and Chief Financial Officer for Six Flags, Inc., the world’s largest regional theme park operator, since April 2006.
Prior to joining Six Flags, Mr. Speed spent approximately 13 years with The Walt Disney Company, most recently serving from 2003 until 2006 as Senior Vice President and Chief Financial Officer for Euro Disney SAS, the publicly-traded operator of the Disneyland Resort Paris, which is the number one tourist destination in Europe.
Donna Goldsmith has been a Director of World Wrestling Entertainment, Inc. since November 2008 and has served as WWE's Chief Operating Officer since December 2008.
Prior to becoming COO, Ms. Goldsmith served as Executive Vice President of Consumer Products overseeing WWE's global Merchandise, Licensing, Book and Magazine Publishing and DVD businesses as well as WWEShop.com, the company’s e-commerce website. Ms. Goldsmith worked for the NBA before joining WWE in July 2000.
Below is the WWE’s roster and the earnings for each talent as you can see some have special treatments and perks.
Batista: $813,000 (First class flight tickets paid for every week)
Big Show: $1,000,000 (Base salary)
Candice Michelle: $64,000
Chavo Guerrero: $206,000)
Gene Snitsky: $292,000
Gregory Helms: $277,000
John Cena: $1,743,000 (First class flight tickets, hotel accommodations, and ground transportation paid for every week)
John Layfield: $786,000 (Five star hotel accommodations paid for every week)
Jerry Lawler: $204,000 (First class flight tickets, hotel accommodations, and ground transportation paid for every week)
Jillian Hall: $52,000
Johnny Nitro: $143,000
Jonathan Coachman: $175,000
Kane: $851,000 (First class flight tickets paid for every week)
Ken Kennedy: $133,000
Lilian Garcia: $90,000
Mark Henry: $300,000 (Base pay)
Matt Hardy: $322,000 (Missed over $70,000 of pay due to firing)
Matt Striker: $43,000
Mickie James: $72,000
Randy Orton: $711,000 (First class flight tickets paid for every week)
Rey Mysterio: $414,000
Shawn Michaels: $1,045,000 (First class flight tickets, hotel accommodations, and ground transportation paid for every week)
Shelton Benjamin: $366,000
Steven Richards: $94,000
Torrie Wilson: $260,000
Triple H: $2,013,000 (Allowed the personal use of company jet (10) times per year. First class flight tickets, hotel accommodations, and ground transportation paid for every week)
Undertaker: $1,811,000 (First class flight tickets, hotel accommodations, and ground transportation paid for every week)
William Regal: $225,000
Below are the Figures in millions from 2008, figures in brackets are what the WWE has lost. Again big profits are shown all across the board.
In Millions of U.S. Dollars
Changes in Working Capital
Total Operating Activity
Other Investing Cash Flow Items, Total
Total Investing Activity
Financing Cash Flow Items
Issuance/Retirement of Stock, Net
Issuance/Retirement of Debt, Net
Total Financing Activity
Foreign Exchange Effects
Total Cash Flow (Net Change in Cash)
Cash Interest Paid (Indirect Format)
Cash Taxes Paid (Indirect Format)
Hopefully this article has been of some help and helped you to recognise what sort of money it takes to run the WWE.
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