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WWE: TV Ratings Are Flat
Wrestling juggernaut WWE held its quarterly earnings call today and founder Vince McMahon said that earnings and ratings for the company were flat.
“It was nothing to write home about,” McMahon admitted to investors. While touting a 17% increase in pay-per-view revenue, the company admitted licensing revenue had decreased while ratings for TV and pay per view events were flat.
McMahon said ratings for the Raw 1000 episode were “excellent” but that the long-awaited launch of the WWE Network on cable and satellite had not been settled yet.
WWE said that it had invested $5 million in Tout, the social media video tool which is now prominently featured on WWE broadcasts.
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