Huge WWE Profits Revealed After Firing Spree – Fans Are Outraged!
The WWE has revealed huge profits after firing countless employees. If fans weren't angry about it before, they most certainly are now.
The WWE finds itself in hot water this month after firing up to 40% of its employees. Now, the company reports huge profits after the firing spree, outraging its once loyal fans to a whole new level.
Investors Put Their Trust In WWE
Despite the bankruptcy of the XFL and the WWE firing a large number of employees on Black Wednesday, investors continue to put their trust in World Wrestling Entertainment. It once again proves the heartless nature of big corporations and the investment industry.
According to Dave Meltzer, the WWE would receive a whopping $850 million in revenue even if there were zero WWE Network subscribers. Recent numbers seem to support that theory.
“If there’s zero network subscribers, which is not going to happen we’re talking about $850 million in revenue. It’s probably going to wind up being close to $1 billion, which is more than they have done in any year in the history of the company by far well not by far I mean but it’s more than last year which would’ve been the records and one year before and all that. It’s not as much as they counted on but it’s more than enough to be exceeding profitable.”
While there is uncertainty about live events, fact remains is that the WWE released numerous employees in spite of making big profits. While other businesses struggle to make ends meet, Vince McMahon is simply looking to maximize profits.
Fans Are Furious
We do not need to explain why fans are absolutely furious with the WWE at the moment. WWE fans are some of the most passionate fans in the world, so seeing established superstars released for nothing but bigger profit has caused even more outrage.
I don't get the take that people want the wrestlers WWE fired to return once this is over. Vince chucked them onto the streets to up his profits a bit during a pandemic. I hope they wrestle everywhere elae and make millions to shove it to Vince
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Here are some of the reactions on social media:
I have a horrible feeling that the Drake Maverick video is now part of an angle.
If so, of course, horrible to use the mass release of talent to maintain pre Covid-19 profits and then exploiting the grief of the releases to generate an angle. Fuckin atrocious…but it is WWE…
— Lorne Riseley (@LorneRiseley) April 23, 2020
WWE didn’t need to release people to make great profits in 2020: If WWE cut the salary of owners in half, the savings would pay the released ones for 2 years and 2 months. In addition, without earning money from the live shows, there is an estimated profit of $127M. pic.twitter.com/xZurFlDUil
— WWE ALL NEW (@wweallnew) April 21, 2020
The WWE's dealings during COVID-19 have been a mind-blowing parade of corporate cruelty and political intrigue.
The company will make record-setting profits in 2020 nonetheless.
— Corey Erdman (@corey_erdman) April 24, 2020
We admit that the current numbers are somewhat confusing to most, but the company is clearly making a profit in 2020.
Fans wonder why the firing spree was necessary, but they are also starting to think about the heartless nature of the WWE machine.
Essential Business Controversy
The big profits in the WWE are not the only factors that fans talk about at the moment. The entire “essential business” debacle fueled fans’ anger even more.
WWE is an “essential business” according to Florida, but many people believe president Donald Trump influenced the decision. Even the least smartest spark can figure out that wrestling is not an essential business in one of the worst pandemics in a hundred years!
To find out more about the “essential business” saga, simply refer to this article. But long story short, Vince McMahon and Linda McMahon’s power showed over the past couple of months.
The “essential business” debacle was also covered extensively in CREW (Citizens for Responsibility and Ethics in Washington). Just like many other media outlets, the service believes that the American president had a hand in allowing the WWE to operate during the COVID-19 pandemic.
Claims Of Staff Being Forced To Work
We also mentioned this week that there were some allegations from WWE staff members, who claim they are being forced to work during the pandemic. Even though the WWE denied the allegations, the claim made it to the Orange County Board of County Commissioners.
At Tuesday's Orange County Board of County Commissioners meeting, a #WWE employee named "John" submitted public comment they're being "forced to work" TV tapings despite stay at home orders. Says he's unable to speak out and feels he will be fired if he approaches his higher-ups. pic.twitter.com/UJTvX1RGc7
— Jon Alba (@JonAlba) April 21, 2020
The WWE Stinks More Than A Retired Skunk – Even Before The Firing Spree
Let’s be honest about this situation. The pandemic exposed a really dirty picture of the WWE and his chairman Vince McMahon.
Under the guise of “sports entertainment,” the company puts their staff and the public’s life in danger. Power, money, and influence allowed the company to continue, and they are unlikely to be held to account.
Linda McMahon is a member of Trump’s cabinet and Vince plays a role in his current government. Is there a conflict of interest going all the way to the upper echelons of government?