WWE Conference Call Highlights: When TV Deals Expire, PC Talent News, Revenue, Digital Numbers
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WWE Chairman and CEO Vince McMahon, along with WWE Executives Michelle Wilson and George Barrios, are currently participating in a third quarter 2017 financial results conference call, and below are some highlights, via PWInsider.com:
-WWE currently has nearly 200 advertisers via its TV deal with NBCU.
-As noted, WWE Network averaged over 1.52 million subscribers, up 4% from this time last year.
-Licensing revenue is up $2.1 million, which WWE credited to improve sales of mobile video games.
-Michelle Wilson noted the WWE Performance Center is now comprised of 40% international talent. WWE continues to work towards its global goals with localized content and the upcoming launch of WWE Network in China. New deals with international advertisers and sponsors have led to a 29% rise.
-WWE is projected to hit 200 billion video views before the end of the year.
-With regards to TV deals, the Raw and Smackdown deals in the United States will expire in September 2019. New negotiations will begin next year. A new deal is expected to be announced between September 2018 and May 2019. The UK and India deals will be expiring in late 2019 as well and they will open negotiations for those in the second half of 2018.