Small Business Resources, Business Advice and Forms from AllBusiness.com
 

World Wrestling Entertainment Expects Record-Breaking WrestleMania XX Pay-Per-View to Be Its...

Entertainment Editors/Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--March 25, 2004

Pay-Per-View Buys for WrestleMania(R) XX to Exceed $40 Million

World Wrestling Entertainment(R), Inc. (NYSE: WWE) announced today that it expects world-wide Pay-Per-View gross revenues

for WrestleMania XX to be between $40 million and $45 million, making it the highest grossing Pay-Per-View event in WWE(R) history. WWE's net share is expected to exceed $20 million after revenue-sharing with cable and satellite providers.

WWE said its first-week estimate of Pay-Per-View buys is 825,000, exceeding Pay-Per-View buys for WrestleMania XIX by 25 percent. WWE expects that final Pay-Per-View tallies, once all information is provided by distributors and their affiliates, will be between 900,000 buys to 950,000 buys. The suggested retail price for WrestleMania XX was $49.95 as compared to a suggested retail price of $39.95 for WrestleMania XIX.

The number of buys for WrestleMania XX is an estimate based upon preliminary data available from the WWE's Pay-Per-View distributors and their affiliates and is subject to refinement as further information becomes available from these distributors over the next several months. The estimate has been posted on corporate.wwe.com in accordance with WWE's practice of updating the website weekly to reflect certain key drivers of its business including television ratings, pay-per-view buys and live event attendance.

World Wrestling Entertainment, Inc. (NYSE: WWE) is an integrated media and entertainment company headquartered in Stamford, Conn., with offices in New York City, Los Angeles, Toronto, and London. Additional information on the company can be found at wwe.com and corporate.wwe.com

Media contact: Gary Davis, 203-353-5066

Investor contact: Michele Goldstein, 203-352-8642

Trademarks: The names of all World Wrestling Entertainment televised and live programming, talent names, images, likenesses, slogans and wrestling moves and all World Wrestling Entertainment logos are trademarks which are the exclusive property of World Wrestling Entertainment, Inc.

Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include the conditions of the markets for live events, broadcast television, cable television, pay-per-view, Internet, entertainment, professional sports, and licensed merchandise; acceptance of the Company's brands, media and merchandise within those markets; uncertainties relating to litigation; risks associated with producing live events both domestically and internationally; uncertainties associated with international markets; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated.

In addition, make sure to read these articles:

  • World Wrestling Federation Entertainment...
  • Business & Entertainment Editors STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 15, 2001 World Wrestling Federation Entertainment, Inc. (NYSE: WWF) today announced that it would no longer offer pay-per-view ......
  • Tickets Sell out in Less Than Two Minutes...
  • CHICAGO, Ill., & STAMFORD, Conn. -- Tickets for World Wrestling Entertainment's WrestleMania 22 went on sale today to the public and all available seats ......
  • WWE's WrestleMania 21 A...
  • STAMFORD, Conn. -- World Wrestling Entertainment, Inc. (NYSE: WWE) said its preliminary estimate of Pay-Per-View buys for WrestleMania(R) 21 is more than 940,000, exceeding ......
  • Snicker's Cruncher, Subway and Stacker 2's YJ...
  • Entertainment Editors/Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 16, 2003 World Wrestling Entertainment (NYSE:WWE), on the heels of selling out WrestleMania XX at Madison Square Garden in ......
  • Wrestlemania Once Again Ppv Heavyweight Champ
  • World Wrestling Entertainment said Monday that its preliminary estimate for this month's pay-per-view buys of its biggest annual event, WrestleMania, is tracking at more than ......
  • WrestleMania to return to Chicago in '06
  • Rosemont's Allstate Arena will play host to WrestleMania 22 next year, executives at World Wrestling Entertainment Inc. said Thursday.
  • World Wrestling Entertainment, Inc. Issues...
  • Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 14, 2002 As part of its ongoing business operations, World Wrestling Entertainment, Inc. (NYSE: WWE) today announced further guidance for ......
  • WWE(R)'s WrestleMania(R) 22 Results Live Up...
  • STAMFORD, Conn. -- World Wrestling Entertainment(R)'s WrestleMania 22 proved to be a global blockbuster success. WWE said preliminary estimates to date of world-wide pay-per-view ......
  • Strategy: WWE Tries Guerrilla Moves For...
  • Now in the final round of its yearlong road to WrestleMania XX, World Wrestling Entertainment will smack down $5 million of traditional and guerrilla media ......
  • World Wrestling Entertainment, Inc. Announces...
  • Business/Entertainment Editors & Sports Writers STAMFORD, Conn.--(BUSINESS WIRE)--July 22, 2002 World Wrestling Entertainment, Inc. (NYSE:WWE) today announced further guidance for fiscal year 2003. The Company ......
  • WrestleMania 14% ahead of '04 buys
  • NEW YORK -- World Wrestling Entertainment said that its preliminary estimate for this month's pay-per-view buys of its biggest annual event, WrestleMania, is tracking at ......
  • World Wrestling Entertainment Names Experienced...
  • Entertainment Editors/Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 2, 2003 World Wrestling Entertainment, Inc.(TM) today announced Tom Barreca as its new Senior Vice President, WWE Enterprises, the ......
  • World Wrestling Entertainment, Inc.,...
  • Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 14, 2003 World Wrestling Entertainment, Inc. (NYSE:WWE) announced that at its November 14, 2003 meeting, the Company's board of directors ......
  • WrestleMania gets the welcome mat
  • Vince McMahon went Hollywood a long time ago — 22 years to be exact. Now, Los Angeles is set to host WrestleMania for the third ......
  • World Wrestling Entertainment Posts Answers...
  • Entertainment Editors/Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 23, 2003 World Wrestling Entertainment(TM), Inc. (NYSE: WWE) has posted answers to questions frequently asked by the investment community ......
Find great franshise opportunities that fit your budget. Start your search today!
Industry Type:
Area of Interest:
Liquid Capital: