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Tuesday, April 3, 2012

Investors quiz McMahon over WWE Studios during conference call

Reported by Ernest I Aguilar

During the conference call discussing the company's latest financial results, Vince McMahon said that he will eventually pull the plug on WWE Studios if it fails to deliver.

A lot of questions were being asked about WWE Studios and how it keeps taking a lot of money without generating any significant revenue in return. McMahon said that they have new leadership now and there's a new approach as well.

He said it will take time to make it work but if it continues to bleed money he will close it, adding that this is only worst case scenario and doesn't anticipate that it will go down to that.


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