Thursday, November 20, 2008

Lesnar tops Couture to win UFC title - 16th November 2008

LAS VEGAS - Former WWE star Brock Lesnar made it to the top rank of mixed martial arts Saturday night, overcoming Randy Couture to grab the Ultimate Fighting Championship's heavyweight title. Lesnar, 31, outweighed the 45-year-old Couture by almost 50 pounds and took out the reigning champ with a combination of punches and elbows three minutes into the second round of the match at the MGM Grand Garden Arena. "He is just a big guy who caught me with a big shot," said Couture.

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Brock Lesnar

UFC

WWE

Wednesday, November 19, 2008

Cena and McMahon Spotted in New York

As reported in numerous press reports

John Cena and Vince McMahon were identified as "rocking out" in the front row of the AC/DC concert in New York City last week. The event at Madison Square Garden was part of AC/DC's "Black Ice" North American tour.

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John Cena

Vince McMahon

WWE

Sunday, November 09, 2008

WWE: Jake the Snake Roberts - Pick Your Poison - The New York Times

About the DVD
Explore the life and career of former brawler Jake "The Snake" Roberts in this revealing look at the man who struck fear into the hearts of the greatest wrestlers of his generation. When "The Snake" came out, trouble was sure to follow, and in addition to fighting such fierce opponents as Hulk Hogan and the Ultimate Warrior in the ring, his personal battles have never been revealed in such detail until the release of this insightful documentary. From family tragedy to drug addiction, this release covers both the highlights and the lowlights of one of wrestling's premier fighters. ~ Jason Buchanan, All Movie Guide

Details
Street Date: November 1, 2005
Rating: TV14
Running Time: 510 Minutes
Language: Eng
Studio: World Wrestling
Region: 1
DVD Sides: 2

Features

* 10 complete matches:
* vs. Ricky Steamboat, Snake Pit Match, The Big Event 8.28.86
* vs. Honky Tonk Man, WrestlingMania III, 3.29.87
* vs. "Ravishing" Rick Rude, Rude Awakening vs. DDT Match, MSG 10.24.88
* vs. Sting, Coal Minr's Glove Match, Halloween Havoc 10.25.92
* vs. Stone Cold Steve Austin, King of the Ring Final, 6.23.96
* vs. Jerry "The King" Lawler, SummerSlam 8.18.96
* The Snake Pit moments with Hulk Hogan & Junkyard Dog
* Classic interviews & promos w/Vince McMahon, Brother Love, Mean Gene Okerlund & more
* A free 80-page WWE Legends mini-book

(Credit: The New York Times)

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Jake "the Snake" Roberts

WWE
WWE: Again, it's all about the cash flow, by Steven Mallas - Blogging Stocks - 7th November 2008

World Wrestling Entertainment reported results for the third quarter, and by just about all accounts, things were tough. Revenues were flat at $108.8 million. Net income on a per-share basis, however, dropped almost 42% to $0.07. Talk about getting slammed to the mat! But the really bad aspect was the cash-flow statement. This has been a constant theme as of late. The company's operational cash flow declined massively during the nine-month period, coming in at $17.7 million. Know how much money was paid out in dividends? Try almost $61 million. That's probably why WWE's stock yields over 10%.

So what's the problem here? A couple things. First, costs need to be controlled (the press release does mention this issue, as well as a desire to be more careful when it comes to capital expenditures). Second, CEO Linda McMahon has to get fans excited about wrestling again. If you look at the buy rates for the pay-per-view events, you'll notice they've been declining. I think one thing that WWE must do is figure out a way to make its secondary pay-per-view shows a must-purchase item for the part of the fan base that falls outside of the hardcore wrestling viewer but doesn't exactly reach the realm of the casual audience. If the company can bring shows like The Great American Bash and Unforgiven up to the level of a SummerSlam, then the company will really be on a growth track.

Thing is, though, that is easier said than done. In fact, categorizing that goal as being easier said than done is probably one of the biggest understatements I've ever written. Those who watch wrestling realize that trying to make every event a regular Royal Rumble would put a heck of a lot of pressure on the grappling talent. WWE needs to inject its storylines with that often talked about X factor so that fans will come back to the cable boxes. WWE is no different than a Disney or a Viacom -- when your product is losing viewers, it's time to break out the creative magic (as well as the marketing mojo).

WWE does seem to want change, however. According to this press release, a new COO has been installed. Donna Goldsmith from the consumer-products segment will replace Mike Sileck in that capacity. The message to Wall Street is clear: WWE knows that a new direction is needed, and it's willing to see if an executive shift can act as a positive catalyst. She had better, because WWE wants to maintain its dividend. The investments being made in the company's movie assets are, in part, essentially sacrificing the cash-flow statement for future growth (working-capital changes also affected cash flows, it should be noted).

Things will be fine long-term if those investments reap a stellar return on capital. Hopefully Goldsmith can help steer that division to a higher level of prosperity. WWE's stock was near a 52-week low as of Thursday's market close, and I think it could make a good long-term investment. However, I would use a tight stop on it, and I would consider cautiously watching the price action before buying. No need to rush in right after this earnings report.

Disclosure: I own Disney; positions can change at any time.

Greg Tingle comment...

It's an excellent sign that the WWE top brass are doing something about the issues, rather than turning a blind eye and pretending that a problem or two doesn't exist. That's part of the reason it's a good thing to have family money tied up in a family business. It guarantees that enough people at the top of the chain give a rats, and won't let the company or the product go to crap. One might suspect that if America was operated like McMahon runs the WWE or if the UK was ran like the tightly run ship that Richard Branson's Virgin Group of Companies is, much of the Western world's finances would be in better shape and there wouldn't be so many Chapter 11's and worse on the books. It will be interesting to see how many weeks, or more likely months, it will take McMahon and the board to turn the ship around.

(Credit: BloggingStocks.com)

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WWE

Friday, November 07, 2008

WWE COO Change

STAMFORD, Conn., Nov 06, 2008

Effective December 31, 2008, World Wrestling Entertainment will accept Mike Sileck's resignation as COO and member of the Board of Directors. Donna Goldsmith, Executive Vice President of Consumer Products, has been named as his successor.

Mike joined the company first as CFO in June, 2005 and was promoted to COO in February, 2007. "WWE has had the benefit of Mike's former experience from both USA Network and Monster Worldwide, and we appreciate the contributions Mike has made in both of the positions he has held in our company," said Chairman, Vince McMahon. Ms. Goldsmith came to WWE from the NBA and has been with the company for the past eight years. Per Mr. McMahon, "Donna's business savvy, proven management and leadership skills, along with in depth product knowledge makes her uniquely qualified to fill the COO position." In addition, effective today, Ms. Goldsmith has also been elected to serve on the Board of Directors.

Additional information on World Wrestling Entertainment, Inc. can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, copyrights and logos are the exclusive property of World Wrestling Entertainment, Inc. and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.

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; risks relating to maintaining and renewing key agreements, including television distribution agreements; 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.

SOURCE: World Wrestling Entertainment, Inc.


World Wrestling Entertainment
Media:
Gary Davis, 203-353-5066
or
Investors:
Michael Weitz, 203-352-8642

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WWE

Saturday, November 01, 2008

THQ to sponsor WWE’s Survivor Series European Tour

Press Release

THQ TO SPONSOR WORLD WRESTLING ENTERTAINMENT®’S SURVIVOR SERIES® EUROPEAN TOUR

Title Sponsorship to Support Upcoming Launch of WWE® SmackDown® vs. Raw® 2009

London - October 30, 2008 - THQ Inc., on behalf of THQ/JAKKS Pacific, Inc., today announced the company will serve as the title sponsor of World Wrestling Entertainment (WWE)’s Survivor Series European Tour.

The 22-date live tour will promote the launch of WWE SmackDown vs. Raw 2009 through a number of on-site marketing initiatives across several major European markets.

The sponsorship will allow THQ to potentially reach more than 200,000 WWE fans expected to attend the live events across the UK, Germany, Italy, France, Belgium, Luxembourg and Switzerland through a host of brand activities tailored to each market, including ring branding, videogame sampling, crowd announcements and competition tie-ins.

“Through our sponsorship of WWE’s Survivor Series tour, we plan to bring even more to the experience of WWE fans attending a live event throughout Europe,” said Richard Williams, director, European marketing, THQ. “We understand how much WWE fans enjoy being part of the action, and we are confident that our contributions will only enhance their level of interaction.”

THQ sponsors all of WWE’s television programming in the UK (Sky Sports), France (RTL 9 & NT 1), Germany (D: SF and Premiere), Spain (Cuatro) and Italy (Sky Italia and Sky Sports 2).

ABOUT WORLD WRESTLING ENTERTAINMENT’S SURVIVOR SERIES TOUR

World Wrestling Entertainment’s 22-date Survivor Series tour gives its European fans the rare opportunity to experience the electrifying live action of WWE’s world-renowned Superstars and stunning Divas.

WWE’s Survivor Series Tour will explode into the following cities:

Raw Survivor Series Tour:

5 November, 2008 Mannheim, Germany
6 November, 2008 Milan, Italy
7 November, 2008 Rome, Italy
8 November, 2008 Minehead, United Kingdom
9 November, 2008 Sheffield, United Kingdom
10 November, 2008 Manchester, United Kingdom
11 November, 2008 Birmingham, United Kingdom
12 November, 2008 Newcastle, United Kingdom
13 November, 2008 Belfast, United Kingdom
14 November, 2008 Glasgow, United Kingdom
15 November, 2008 Aberdeen, United Kingdom

SmackDown & ECW Survivor Series Tour:

6 November, 2008 Nice, France
7 November, 2008 Brussels, Belgium
8 November, 2008 Luxembourg, Luxembourg
9 November, 2008 Cardiff, United Kingdom
10 November, 2008 London, United Kingdom
11 November, 2008 Manchester, United Kingdom
12 November, 2008 Nottingham, United Kingdom
13 November, 2008 Zurich, Switzerland
14 November, 2008 Nurnberg, Germany
15 November, 2008 Berlin, Germany
16 November, 2008 Dortmund, Germany

ABOUT WWE SMACKDOWN VS. RAW 2009

WWE SmackDown vs. Raw 2009 upholds the franchise’s commitment to delivering the definitive videogame simulation of live WWE programming.

The Xbox 360, PLAYSTATION 3 system, PlayStation 2 system and PSP system versions of the game will unleash a brand new tag team experience, allowing players to build momentum and attributes, eliminate opponents with high impact double teams and finishers, as well as get the “hot tag” for the win. The franchise’s renowned creation system offers a brand new Create-A-Finisher option, while a new Road to WrestleMania Mode paves the way to WWE’s biggest event of the year and lets players experience co-op storylines for the first time. WWE SmackDown vs. Raw 2009 also extends the virtual WWE gameplay experience with robust online capabilities, including the highly anticipated debut of downloadable content.

WWE SmackDown vs. Raw 2009 for Wii builds upon its inaugural offering by significantly expanding its match type options, giving players more ways to enjoy the platform’s unique pick-up-and-play experience. Gameplay advances to the next level, giving players more Superstar control with interactive entrances and victory scenes. WWE SmackDown vs. Raw 2009 for Wii will also include a wide variety of new weapons, the debut of online gameplay and much more.

WWE SmackDown vs. Raw 2009 for Nintendo DS returns with new gameplay controls that utilize the stylus and D-pad to deliver a compelling handheld fighting game experience. The redesigned Season Mode takes a role-playing approach, allowing players to interact with Superstars, upgrade their abilities and complete missions on a quest toward legendary goals. In addition, a larger Superstar roster, new match types and the inclusion of Create-A-Superstar will provide players with a variety of intriguing options to enhance gameplay.

More information about WWE SmackDown vs. Raw 2009 can be found at www.smackdownvsraw.com and www.thq.com.

Trademarks:

All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, copyrights and logos are the exclusive property of World Wrestling Entertainment, Inc. and its subsidiaries.

All other trademarks, logos and copyrights are the property of their respective owners.

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Raw VS Smackdown

WWE