flyonthewall2983 Posted May 22, 2014 Report Share Posted May 22, 2014 Their stock went up today after the news that WWE Films signed a deal with Lionsgate. Quote Link to comment Share on other sites More sharing options...
Robert S Posted May 22, 2014 Report Share Posted May 22, 2014 I also think it's going to be hard to identify anything fraudulent that they've said/release relating to the Network. What about publically building the expectations of how the Network is going to do on a study that said there are 100 Mio. (or whatever it was) wrestling fans in the US? Quote Link to comment Share on other sites More sharing options...
Cross Face Chicken Wing Posted May 22, 2014 Report Share Posted May 22, 2014 I also think it's going to be hard to identify anything fraudulent that they've said/release relating to the Network. What about publically building the expectations of how the Network is going to do on a study that said there are 100 Mio. (or whatever it was) wrestling fans in the US? There's a difference between fraud and being full of shit. Quote Link to comment Share on other sites More sharing options...
The Chief Posted May 23, 2014 Report Share Posted May 23, 2014 This is just funny-bad from our favorite bad wrestling writer at Grantland: http://grantland.com/the-triangle/wwe-stock-crash-vince-mcmahon-sports-business-analysis And he uses words like "fake"to describe Gorilla Monsoon's presidency to prove that he's smart. Quote Link to comment Share on other sites More sharing options...
jdw Posted May 23, 2014 Author Report Share Posted May 23, 2014 I also think it's going to be hard to identify anything fraudulent that they've said/release relating to the Network. What about publically building the expectations of how the Network is going to do on a study that said there are 100 Mio. (or whatever it was) wrestling fans in the US? The WWE can point to that being an independent study. Quote Link to comment Share on other sites More sharing options...
jdw Posted May 23, 2014 Author Report Share Posted May 23, 2014 I also think it's going to be hard to identify anything fraudulent that they've said/release relating to the Network. What about publically building the expectations of how the Network is going to do on a study that said there are 100 Mio. (or whatever it was) wrestling fans in the US? There's a difference between fraud and being full of shit. I don't think Vince & Co. were full of shit. They were delusional. Quote Link to comment Share on other sites More sharing options...
Cross Face Chicken Wing Posted May 23, 2014 Report Share Posted May 23, 2014 I also think it's going to be hard to identify anything fraudulent that they've said/release relating to the Network. What about publically building the expectations of how the Network is going to do on a study that said there are 100 Mio. (or whatever it was) wrestling fans in the US? There's a difference between fraud and being full of shit. I don't think Vince & Co. were full of shit. They were delusional. They were full of shit. Quote Link to comment Share on other sites More sharing options...
flyonthewall2983 Posted May 23, 2014 Report Share Posted May 23, 2014 Rabbit season. Quote Link to comment Share on other sites More sharing options...
WingedEagle Posted May 23, 2014 Report Share Posted May 23, 2014 I also think it's going to be hard to identify anything fraudulent that they've said/release relating to the Network.What about publically building the expectations of how the Network is going to do on a study that said there are 100 Mio. (or whatever it was) wrestling fans in the US? There's a difference between fraud and being full of shit. I don't think Vince & Co. were full of shit. They were delusional. They were full of shit. Not as far as securities law is concerned. You and I and everyone here understands why those DYK numbers thrown out on TV are nonsense. But they're also all likely supported and documented well beyond any threshold rising to fraud. These shareholder suits are a lot more frivolous. That's not on the WWE front, but in general. Unless you're talking about SH litigation challenging as an example an M&A valuation or a situation where there's a legit smoking gun where material info is completely fraudulent, these things are just a cash grab. Quote Link to comment Share on other sites More sharing options...
Matt D Posted May 23, 2014 Report Share Posted May 23, 2014 Will they actually be able to grab any cash? Quote Link to comment Share on other sites More sharing options...
jdw Posted May 23, 2014 Author Report Share Posted May 23, 2014 They were full of shit. So exactly where were they full of shit? Quote Link to comment Share on other sites More sharing options...
WingedEagle Posted May 24, 2014 Report Share Posted May 24, 2014 Will they actually be able to grab any cash? From WWE? No, but they'll let outside counsel bill a few hours until they go away. Quote Link to comment Share on other sites More sharing options...
kjh Posted June 14, 2014 Report Share Posted June 14, 2014 WWE's Network blamed for roster cuts, corporate bloodletting expected:http://www.cagesideseats.com/wwe/2014/6/12/5805414/wwes-network-blamed-for-roster-cuts-corporate-bloodletting-expected More from Dave Scherer on WWE Network subscriptions: There are some within the company that have intimated to us that when the WWE second quarter numbers are released, the number of subscribers will actually go down (which to be clear we can't confirm at this time). When this was mentioned on audio yesterday, subscribers asked how it is possible that the numbers could drop given that people made a six-month commitment when they signed up. It's easy to explain. If there is no money on the debit or credit card someone signed up with, when WWE tries to draw payment they will not get it. Eventually, the subscriber in question is cut off, reducing the numbers. That would be a disaster if they showed no growth in subscriptions in a three month time period. Quote Link to comment Share on other sites More sharing options...
Bix Posted June 14, 2014 Report Share Posted June 14, 2014 I'd be pretty shocked if enough people did that for it to name a dent. Quote Link to comment Share on other sites More sharing options...
sek69 Posted June 14, 2014 Report Share Posted June 14, 2014 I like how the roster cuts are being explained by cost cutting due to network losses. As if cutting Teddy Long, a ref, and a bunch of jobbers is going to make a difference against a $50 million loss. Quote Link to comment Share on other sites More sharing options...
PeteF3 Posted June 14, 2014 Report Share Posted June 14, 2014 I'd be pretty shocked if enough people did that for it to name a dent. I wonder how many people simply asked their CC companies to stop payment? I can't imagine anyone being *that* dissatisfied with the Network already, to take that kind of action. But... Quote Link to comment Share on other sites More sharing options...
kjh Posted June 14, 2014 Report Share Posted June 14, 2014 I'd be pretty shocked if enough people did that for it to name a dent. I wonder how many people simply asked their CC companies to stop payment? I can't imagine anyone being *that* dissatisfied with the Network already, to take that kind of action. But... There's the possibility that people signed up to get WrestleMania 30 for $9.99 and then stopped payment having seen what they wanted to see. Quote Link to comment Share on other sites More sharing options...
Spunk Posted June 15, 2014 Report Share Posted June 15, 2014 I'd be pretty shocked if enough people did that for it to name a dent. I wonder how many people simply asked their CC companies to stop payment? I can't imagine anyone being *that* dissatisfied with the Network already, to take that kind of action. But... There's the possibility that people signed up to get WrestleMania 30 for $9.99 and then stopped payment having seen what they wanted to see. They were double-billing me because of a day one glitch, so they were charging me on my CC and via PayPal, which has since stopped because I complained. Can't imagine that I was the only one that happened to. Quote Link to comment Share on other sites More sharing options...
Matt D Posted June 15, 2014 Report Share Posted June 15, 2014 If someone who was foreign signed up through some sort of clever means, did they find those people and cut them off for now? Quote Link to comment Share on other sites More sharing options...
Matt Farmer Posted June 16, 2014 Report Share Posted June 16, 2014 I'd be pretty shocked if enough people did that for it to name a dent. I wonder how many people simply asked their CC companies to stop payment? I can't imagine anyone being *that* dissatisfied with the Network already, to take that kind of action. But... Back in the old "900" number days this was a major issue, people would run up charges and simply not pay them. The local phone companies in most cases didn't enforce payment because we they didn't want to lose companies. I had a few friends than ran 900 numbers for their businesses and it was a huge lose. This may be comparible to WWE's problems today, the bill is not tied to your other bills so no one is accountable. I have a friedn that subscribes, and he is disabled so he is on a fixed income. He got a Visa cash card from a check cash place and and uses that, nothing ties that money to anything. He puts money on it to use for online purchases etc. It could be an issue due to WWE's lower economic audience. Quote Link to comment Share on other sites More sharing options...
cheapshot Posted June 16, 2014 Report Share Posted June 16, 2014 I'd be pretty shocked if enough people did that for it to name a dent. I wonder how many people simply asked their CC companies to stop payment? I can't imagine anyone being *that* dissatisfied with the Network already, to take that kind of action. But... Back in the old "900" number days this was a major issue, people would run up charges and simply not pay them. The local phone companies in most cases didn't enforce payment because we they didn't want to lose companies. I had a few friends than ran 900 numbers for their businesses and it was a huge lose. This may be comparible to WWE's problems today, the bill is not tied to your other bills so no one is accountable. I have a friedn that subscribes, and he is disabled so he is on a fixed income. He got a Visa cash card from a check cash place and and uses that, nothing ties that money to anything. He puts money on it to use for online purchases etc. It could be an issue due to WWE's lower economic audience. Bryan Alvarez brought up the same reason why he shut down his 900 line back in the day. Quote Link to comment Share on other sites More sharing options...
mookeighana Posted June 17, 2014 Report Share Posted June 17, 2014 I'd be pretty shocked if enough people did that for it to name a dent. I, too, would be flabbergasted if WWE's Network subscription numbers dipped. Especially considering the additional promotions they've run post-WM. I do wonder what's going to happen during the "dark days" from Sept to December but I still figure they'll keep growing Network because Global Growth will outpace any domestic contractions. However, we will learn a lot for this Q2 update. I sense that WWE's hesitancy to announce any kind of out-of-cycle number is basically their admission that growth is still anemic but it's easy to cast a wide net of assumptions from afar. Quote Link to comment Share on other sites More sharing options...
Loss Posted June 17, 2014 Report Share Posted June 17, 2014 If the network is underperforming, it's really a result of bad promotion more than anything in my opinion. There should be sign-up kiosks at live arenas with a specialist there to answer questions. They should have field sales people going into bars that run PPVs in the major markets to try to sell people on the network. We still hear more about Twitter on an average WWE television program than we do the network. Quote Link to comment Share on other sites More sharing options...
PeteF3 Posted June 17, 2014 Report Share Posted June 17, 2014 If the network is underperforming, it's really a result of bad promotion more than anything in my opinion. There should be sign-up kiosks at live arenas with a specialist there to answer questions. They should have field sales people going into bars that run PPVs in the major markets to try to sell people on the network. We still hear more about Twitter on an average WWE television program than we do the network. I would also like to see a Hogan-Giant-Robin Hood type moment, something that Raw is forced to go off the air in the middle of, thus sending people scrambling to the Network post-show to see what happened. Quote Link to comment Share on other sites More sharing options...
sek69 Posted June 18, 2014 Report Share Posted June 18, 2014 If the network is underperforming, it's really a result of bad promotion more than anything in my opinion. There should be sign-up kiosks at live arenas with a specialist there to answer questions. They should have field sales people going into bars that run PPVs in the major markets to try to sell people on the network. We still hear more about Twitter on an average WWE television program than we do the network. I would also like to see a Hogan-Giant-Robin Hood type moment, something that Raw is forced to go off the air in the middle of, thus sending people scrambling to the Network post-show to see what happened. WWE doesn't want to piss off USA/NBCUniversial so I wouldn't count on that anytime soon. Loss nailed it though, after the WM hype ended it's been shockingly ignored for what's supposed to be the future of the company. I only recall it being mentioned once on Raw that you can see the next PPV for $9.95 on the network. They're doing almost nothing to attract new viewers and zero in terms of retention of existing ones. I know us hardcores who want the whole WWE vault available are the minority, but there hasn't been anything done to interest those folks since the Clashes went up. There's tons of stuff already digitized and ready to go since it was on the On Demand service, the plan of "hold everything back for renewal time" is just going to train people that stuff only updates twice a year. Quote Link to comment Share on other sites More sharing options...
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