Read by full 2019 PDF on the wrestling industry here:
Q4 revenue: $322.8mm
FY'19: $960.4mm (new WWE record)
Q4 net income: $69.3mm
FY'19: $77.1mm (short of 2018's $99.6mm)
" The Company is pursuing several strategic initiatives that could increase the monetization... These include distribution of content in the Middle East and India as well as the evaluation of strategic alternatives for the... WWE Network."
Operating income: $99.8mm
Adjusted OIBDA: $107.6mm
Q42019 avg paid WWE Network subs: 1.42mm
Q12020 projection: 1.47mm
WWE Raw Same-day+Live ratings compared to USA Network and top 25 cable. Interestingly, data from Showbuzzdaily shows Raw declining more, by about 7%.
So far, potentially the most newsworthy bit is the comment about "strategic alternatives" for the WWE Network.
Is WWE considering selling PPVs to a bigger streaming service? Going back to traditional PPV? Something else?
Anyone can login and listen: streaming.webcasts.com/starthere.jsp?…
"We are changing the WWE culture to be more collaborative and inclusive..."
He notes increased disruption from new streaming provides. Engagement metrics like TV ratings and attendance improved in Q4.
Again this makes me think they're looking at selling PPVs to a bigger streaming service, someone like Peacock, DAZN, ESPN+.
Riddick says yes on MENA but they have an existing deal in India. WWE is still on the air in India.
Vince: We have a lot of options... We continue on with a free and enhanced paid tier. Right now is no more better time than to exercise the selling of our rights. All the majors are really clamoring for our content.
Riddick: At this point there's nothing that would stop us from doing a different type of transaction with the Network.
VKM: No the XFL is a separate entity completely. About 400 employees. It's completely separate.
VKM says still considering if the Network stays as is.
Needham: What's taking so long for MENA and India rights? And will you be done by the end of Q1?
Deleted previous version of this tweet for clarity.
Lightshed: Is WWE Network a must have for you?
VKM: Nothing is a must have. We'll deal with what's available.
Again, seems WWE is referring to possibility of selling PPVs to major streaming services.
Riddick: It was launched in December and it's too early to say what the results are. We'll continue to analyze. When we feel like we have good data, we'll put that out there.
VKM: Again, it was a soft launch.
There's concern your investment in XFL will somehow get swirl up in WWE.
VKM: No. There's none of that. We have 400 employees over there. It's run by itself.
VKM: AEW has not changed our content at all... We don't need more "edgy" content. PG. One of the few programs out there that really is PG. As far as NXT, we're competing. NXt is competing on Wednesday night and doing extremely well.
VKM: It's mostly revenue increasing. We've always done percentages with talent. So talent cost has gone up and we're sort of proud of it.
VKM: I have pretty broad shoulders and I can handle a lot.
Riddick: It's really mix in venue, mix of country and venue. There's nothing fundamentally different between US and international at this point.
VKM: A lot of it was execution. Focus as well. Reallocation of resources. The way we do business, it's going to be different. And more successful as well.
Riddick: We didn't assume that any strategy options would impact guidance.
Lightshed: So you're assuming it's a contributor?
Riddick: Correct. But [not assuming] any new deal.
VKM: We're in search now. At the same time, we have huge faith in our current management team.