In late June, a tragedy involving pro-wrestler Chris Benoit sent the sports world reeling. Police believe Benoit killed his wife and child before taking his own life. Since that time, shares of World Wrestling Entertainment (WWE) have been off some 7%. Will the tragedy continue to haunt WWE?
Dylan Ratigan explains that on Thursday, WWE released earnings that topped Street estimates and showed a 15% jump in revenue, in part because of the huge success of WrestleMania.
World Wrestling Entertainment Chief Executive Linda McMahon joins the guys for this conversation. Here are excerpts from what was said.
“Everything – if you look across every revenue platform we have growth in every area,” replies McMahon. “It was a very good quarter for us.”
The perceived competition for you is Ultimate Fighting. Is it a threat?