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Post by BØRNS on Apr 24, 2024 4:33:42 GMT -5
Unbelievable times. Nowadays WWE is still breaking records tho, a lot of eyes on the product. I think the WWE is definitely doing better today than they have in a long time, maybe since the height of the ruthless aggression era. But I'm always skeptical about the records they keep mentioning. Most of the time they mention highest revenue instead of profits. Of course, they are getting higher revenue now than they did in the early 2000s or before, tickets cost a lot more. If you sold 70,000 tickets in the 80s at 20 bucks a piece (on average) and you sell 60,000 tickets now at 40 bucks a piece (on average - being generous), then of course you are bringing in more revenue, but that doesn't mean you are making more profits. The stadiums to rent cost a lot more than they did back then - among other things - which would cut into their profits, which is why they always say revenue. Same thing with 172,000+ tickets sold over the weekend (for WM40), of course they sold more tickets for an event than ever before, up until recently (covid years, correct?) they never had 2 nights of WrestleMania's. Imagine if WM3 was over 2 nights (number of tickets sold range from 78,000 to 93,000), their number of tickets sold would have been higher, too. Same with the attitude era. Not to mention, a lot of what generates some of their biggest revenue & profits currently is the TV contracts and their network library. They made 1 billion from Peacock for access to their media library - that doesn't just include the current product. I would like to know how much they are making from just today's product (house shows, PLE's, merchandise - not including legends deals, etc.) compared to previous eras, adjusted for inflation. That would be interesting to see. I don't have time for a deep analysis of this right now, but I can say as a regular attendee when WWE is in my area usually 1-2 times per year, I can tell you that the price of live event tickets have SKYROCKETED in the last 6-7 years. Just last week I bought one of the worst tickets in the arena for $100 which ended up being around $140 after fees and taxes, and that was for an upper level corner section seat. Less than 10 years ago it would have been $25-30 with fees ($15-20 face value plus fees). Ticketmaster has so many BS "platinum" tickets that are grossly overpriced but people buy them. They have milked the hell out of tickets, the live event merch is way overpriced as well, like $45 for a t-shirt. I understand business, but WWE has definitely put the pressure on the customer when it comes to the live events side of things, and if we're talking PPV/WM-level events you're gonna be paying out the ass. This is the same price gouging you see at the drive through, Disneyland, or anywhere else these days. The best days of being a fan like that are way in the past because it costs multiples more to go to a live event than less than 10 years ago. |
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Post by MKSavage on Apr 24, 2024 8:29:07 GMT -5
I think the WWE is definitely doing better today than they have in a long time, maybe since the height of the ruthless aggression era. But I'm always skeptical about the records they keep mentioning. Most of the time they mention highest revenue instead of profits. Of course, they are getting higher revenue now than they did in the early 2000s or before, tickets cost a lot more. If you sold 70,000 tickets in the 80s at 20 bucks a piece (on average) and you sell 60,000 tickets now at 40 bucks a piece (on average - being generous), then of course you are bringing in more revenue, but that doesn't mean you are making more profits. The stadiums to rent cost a lot more than they did back then - among other things - which would cut into their profits, which is why they always say revenue. Same thing with 172,000+ tickets sold over the weekend (for WM40), of course they sold more tickets for an event than ever before, up until recently (covid years, correct?) they never had 2 nights of WrestleMania's. Imagine if WM3 was over 2 nights (number of tickets sold range from 78,000 to 93,000), their number of tickets sold would have been higher, too. Same with the attitude era. Not to mention, a lot of what generates some of their biggest revenue & profits currently is the TV contracts and their network library. They made 1 billion from Peacock for access to their media library - that doesn't just include the current product. I would like to know how much they are making from just today's product (house shows, PLE's, merchandise - not including legends deals, etc.) compared to previous eras, adjusted for inflation. That would be interesting to see. I don't have time for a deep analysis of this right now, but I can say as a regular attendee when WWE is in my area usually 1-2 times per year, I can tell you that the price of live event tickets have SKYROCKETED in the last 6-7 years. Just last week I bought one of the worst tickets in the arena for $100 which ended up being around $140 after fees and taxes, and that was for an upper level corner section seat. Less than 10 years ago it would have been $25-30 with fees ($15-20 face value plus fees). Ticketmaster has so many BS "platinum" tickets that are grossly overpriced but people buy them. They have milked the hell out of tickets, the live event merch is way overpriced as well, like $45 for a t-shirt. I understand business, but WWE has definitely put the pressure on the customer when it comes to the live events side of things, and if we're talking PPV/WM-level events you're gonna be paying out the ass. This is the same price gouging you see at the drive through, Disneyland, or anywhere else these days. The best days of being a fan like that are way in the past because it costs multiples more to go to a live event than less than 10 years ago. WOW! I didn't realize the prices have gone up that much in such a short time. Another reason to be skeptical of the record revenue they keep touting. |
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TWJT
Superstar
Joined on: Aug 7, 2021 19:07:25 GMT -5
Posts: 558
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Post by TWJT on Apr 24, 2024 12:02:28 GMT -5
I think WWE is doing great - good, traditional-style matches, amazing stories, huge stars.
The other fellas are in a slump, but I think Ospreay and others might be able to help them get where they need to be. Hopefully Dynasty was a sign of good things to come.
Overall, the business is doing very well.
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Post by ASR (therockisback) on May 6, 2024 21:45:03 GMT -5
I think WWE is doing great - good, traditional-style matches, amazing stories, huge stars. The other fellas are in a slump, but I think Ospreay and others might be able to help them get where they need to be. Hopefully Dynasty was a sign of good things to come. Overall, the business is doing very well. Overall I'd say the business is good enough tbh. Booming at times with all these records smashed. |
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Post by hbkjason on May 7, 2024 2:52:50 GMT -5
I am watching RAW as I write this (the joys of working from home) and one thing that I feel the WWE deserves a ton of credit for and it is certainly a huge reason why they have won me back is the way the shows are formatted. From the way the camera follows things that are happening, just simple stuff like following CM Punk from the back all the way to his entrance. The commentary is better too and this is coming from a guy that hated Michael Cole's schtick for years!
I am not saying it is all perfect, but I feel like the shows just flow so much better and while they still show a few more recaps than I would like, I never feel like they are always just trying to catch new viewers.
Triple H and the rest of the guys and gals have managed to make WWE fun again. To be honest, it should not be all that surprising as NXT used to be super fun too when he was fully in charge there.
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Post by ASR (therockisback) on May 11, 2024 21:20:01 GMT -5
I am watching RAW as I write this (the joys of working from home) and one thing that I feel the WWE deserves a ton of credit for and it is certainly a huge reason why they have won me back is the way the shows are formatted. From the way the camera follows things that are happening, just simple stuff like following CM Punk from the back all the way to his entrance. The commentary is better too and this is coming from a guy that hated Michael Cole's schtick for years! I am not saying it is all perfect, but I feel like the shows just flow so much better and while they still show a few more recaps than I would like, I never feel like they are always just trying to catch new viewers. Triple H and the rest of the guys and gals have managed to make WWE fun again. To be honest, it should not be all that surprising as NXT used to be super fun too when he was fully in charge there. The flow is amazing brother. I also enjoy the new production stuff. The camerawork with Drew getting in his car, Punk arriving in his car right after, following him to the ring...production is sweet nowadays. Sami Zayns hometown entrance was also great with the camerawork, backstage to the ring etc. Better storyline, matches, backstage stuff, backstage brawls, in ring brawls, more parking lot stuff, wrestlers arriving in their vehicles etc. I love all that stuff. The company is also smashing records & getting the biggest profits ever. Amazing. |
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