Despite the fact that many fans are no longer interested in the product the WWE is bringing to the table, the company appears to be growing in value. The reason? A very lucrative TV deal and a contract with Saudi Arabia.
Loyal Fans No Longer Their Main Interest
The fans who were the biggest contributors to the WWE’s success seem to be far from the WWE’s mind. Their focus now lies on billion dollar television deals and a contract with Saudi Arabia. As a result, Vince McMahon’s net worth has increased from $1.7 billion to $3.2 billion. He is currently the 691st richest person in the world.
Good News for Executives
The increase in company and stock value is excellent news for WWE’s executives, who have received an increase in salary according to 2019 SEC filings. Co-president of the WWE, George Barrios, received an increase in salary from $783,510 to $935,250 over the past couple of years. Executive Vice President Triple H went from $650,000 to $710,000.
Not All Good News
Despite the fact the company is growing at the moment, the WWE is seemingly concerned about the lack of interest from fans. Only a few months ago, Vince McMahon apologised to the universe for bringing them a poor product. A few months later, very little has changed to correct that mistake. While the product is getting a little better, it is far from what WWE fans want to see.
The WWE has also experienced a decrease in revenue from fans that includes television ratings and merchandise. It is clear that the company itself is the WWE’s bargaining chip at the moment. But, just how long will television giants be willing to pay exorbitant amounts of money for a product no fan wants to see anymore?
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