WWE NEWS – VINCE MCMAHON SPEAKS ON AEW (TNT WON’T TOLERATE BLOOD & GUTS CONTENT)/CM PUNK AEW NEWS !

WWE NEWS – VINCE MCMAHON SPEAKS ON AEW (TNT WON’T TOLERATE BLOOD & GUTS CONTENT)/CM PUNK AEW NEWS !

August 16, 2019 74 By Bertrand Dibbert


Here your news for July 26 2019
WWE NEWS – VINCE MCMAHON SPEAKS ON AEW
(TNT WON’T TOLERATE BLOOD & GUTS CONTENT)
CM PUNK AEW NEWS ! The WWE’s second quarter earnings for 2019
were revealed yesterday and the company’s CEO Vince McMahon had plenty to say to
shareholders Even before the stats were revealed, there were
some serious red flags, as shortly before the call,
WWE Executives sold thousands of shares of stock, seemingly trying to distance themselves
from the stock before investors heard the
bad news In a conference call with investors, McMahon took
the opportunity to refer to other quote “blood and
guts” wrestling promotions and though he didn’t mention them by name, it
seems the Chairman was talking about AEW It’s no secret that the new promotion formed by Cody
Rhodes hasn’t exactly been PG, as Rhodes himself
has bled heavily during AEW shows including in his match against his brother Dustin at
Double or Nothing, as well as after a chair shot to
the head by Shawn Spears Continuing, McMahon also addressed AEW’s network
TNT, which will host the promotion in October, saying “I can’t imagine they’d put
up with that” The conference call wasn’t all about AEW though,
as McMahon gave updates on the company’s
lucrative, though controversial deal with the Saudi Arabian government, as well as falling
ratings, merchandise sales and live event
attendance To combat this, the company’s programming recently
become edgier, with some foul language being
used on both RAW and SmackDown though McMahon wanted to let investors know
that the company will remain PG. Suggesting that his company was more family-friendly,
and therefore more profitable than their new competitor,
McMahon was adamant that the company was not going back to the
quote “gory crap that we graduated from.” When asked about the state of WWE’s current
product, which hasn’t exactly been received
with rave reviews by fans, McMahon said “we have definitely turned a corner”, and mentioned
the major changes between this second quarter of
the year and the first the latter of which suffered majorly due to
a series of injuries The Chairman also took the time to discuss two of
the company’s biggest recent signings, as he spoke
candidly about Eric Bischoff and Paul Heyman being brought on as Executive
Directors of RAW and SmackDown Live As the Directors, Bischoff and Heyman will have some
major influence backstage on the creative process
behind the two brands, whilst Bischoff himself will also be helping to shape the blue brand
ahead of it’s big move to Fox in October
this year Speaking to investors, McMahon said how the decision
had been made due to the pair’s successful
track record in the past as well as allowing Vince himself to look at WWE’s
process from a different point of view He said: “It allows me to look at a longer-range story
arc standpoint, and also spend more time on talent development, and not get into the weeds as
much as I had to do in the past.” The Chairman of the Board wasn’t the only person
with a mic during the conference call, as the WWE’s
co-president George Barrios also spoke breaking down the WWE’s metrics by the month,
a level of detail that the company doesn’t
usually supply It’s arguably that Barrios shouldn’t have gone
into such detail as what he said
wasn’t exactly positive, as TV ratings and attendance slowed
consistently during the second
quarter of 2019 These metrics were particularly bad in June 2019
compared to June 2018, but April 2019’s decline
from the previous year wasn’t so severe It wasn’t all bad news from Barrios though, as
digital consumption of WWE increased
dramatically, with a 17% increase in digital video views bringing
the total views for the second quarter
to 9 billion There was also a 22 percent increase in the hours
spent consuming WWE’s content on
digital platform as the number rose from to 324 million hours
of programming watched online for
the period. There was also a 10 percent increase in social
media followers, as the company can
now boast having over a billion followers across their
various social media platforms Though this was good news, investors know that
the WWE’s bread and butter is what is put out on TV,
and McMahon had a strong answer when asked about whether hiring new writers
was a sound investment in the company He said: “Yes, bringing in new faces, new blood who
have different kinds of ideas and connections and so
forth– again, it’s just not one man’s vision It’s now a combination of what will happen in the
future… When you look at not just television ratings
but metrics from social and digital [media] ] and what have you– that really is the new
way of promoting, notwithstanding the fact that we are going to continue to build the motherships,
as it were, Raw and Smackdown.” WWE was profitable during the quarter that contained
WrestleMania, which is the period covering April
1st to June 30th of this year Though this quarter was profitable, it wasn’t the best
showing by the company, as the total revenue for
WWE’s second quarter was $268.9 billion dollars an impressive figure, but still 5 per cent down from
the second quarter of 2018, which boasted
$283 billion dollars Despite the decline in revenue from the second
quarter, and the unprofitable first quarter, the
company remains in a strong financial position, largely thanks to the enormous TV
rights fees for RAW and SmackDown
Live. Though this conference call wasn’t the most
glowing of reports about the state of WWE today, the stock market responded
well to it. In April this year, the WWE stock price reach a
record high of $100 per share, and though it
has fallen considerably since then the stock price closed on Thursday at $74.68
a share, up 9% from the start of the day. During the financial report, it was revealed that
there has been a decline in subscribers on the
WWE Network, though that hasn’t stopped the company from revamping their streaming
service under new platform backbone,
‘Endeavor Streaming Group’ On Wednesday this week, the company
announced that the Network would be
getting a major overhaul in it’s design, but that won’t be the
only thing changing about the service Thursday’s release confirmed the rumors of the
addition of free and premier tiers, and
though we don’t exactly know what that means,
fans have already been speculation. For months now, fans have speculated that a
tiered service would allow subscribers to be
able to pay more to see indie promotions on the Network, and though that seemed like a
fantasy just a few months ago, the company did
recently show Evolve’s 10th Anniversary, so it doesn’t seem so farfetched now. George Barrios noted that the not only will there
be new tiers to the Network, but the
company will also be working on more localised languages
for fans across the world. According to Barrios, all these changes will be
made within the next year, starting with
the revamped look, followed by the free tier, then the premier
tier and finally the new languages It sure sounds like a lot of work for WWE to pull
off over the next 12 months, but it’s clear
that WWE has the time, the money and the resources
to make it happen Well I think we’ve talked about enough finance
for now, so let’s look at something
more exciting as All Elite Wrestling is set to debut on TNT
on October 2nd. Since their launch earlier this year, AEW has
quickly garnered a legion of fans thanks to it’s
incredible roster, though it’s been revealed that the company
wants one of wrestling’s biggest ever
stars in CM Punk. According to ESPN this week, the former WWE
Champion revealed that he did recently
get a text message from AEW founder Cody Rhodes,
though Punk wasn’t exactly excited about
this, saying: Confirming that an offer did come via text message,
we can’t exactly blame Punk for his response to this,
as the Best in the World is a businessman and clearly expects any future
deal to be handed with something more formal
than a text message Though Punk has remained distant from the
wrestling world since he walked out of
WWE in January 2014, fans remain hopeful that Punk returns the
squared circle after two losses in
the Octagon. When asked if he feels there’s an expectation
to sign, Punk admitted there is, but that
this has only been brought on by the fans themselves.
He said: Continuing, the former World Champion said how
though fans and people in the industry
like to make videos about him returning, very few
actually ask him directly. It’s obvious that AEW is eager to sign the Second
City Saviour, and with their TV show set to
launch this October having such a recognisable face on board could
only help the company gain a
growing audience. Ultimately though, this all comes down to Punk’s
decision, and with Chris Jericho saying that
AEW doesn’t need CM Punk, only time will tell whether we see the Best of the
World laces up his boots once again, this time in
an AEW ring Whilst CM Punk may not have any plans on returning
to WWE ever again, one Superstar who recently did
was ‘Stone Cold’ Steve Austin as the Rattlesnake played a major part of this
past Monday’s RAW Reunion. Appearing on the three hour show, Austin was
consistently over with the crowd, and
closed out the show with a toast to RAW and plenty of
Stevewisers. In a fitting end to the epic show, Austin’s
appearance also allowed the Rattlesnake
to promote his Broken Skull IPA, with the brewery behind the
beverage now being flooded with
requests by fans On the El Segundo Brewing’s Facebook page,
the Brewery addressed these requests,
saying: “We’ve received hundreds, if not thousands,
of inquires as to where you can find Broken
Skull IPA. Currently, Broken Skull is only available in Southern CA, and sometimes Portland,
OR, roughly in the vicinity of the Broken
Skulls on the map The good news is we are working on
distribution plans to reach the masses.” Even after 16 years since he retired from
the ring, it’s obvious that Austin remains a
huge star both in and out of the ring, and with the Bionic Redneck’s new show
‘Straight Up Steve Austin’ coming to the USA Network later this year, it seems
business is good for one of the
greatest of all time Though Austin was clearly the main star of
RAW Reunion, he wasn’t the only legend in
town, as various stars including Sean Waltman and Scott Hall made an
appearance during the three hour
event. During the show, Waltman and Hall appeared in
the ring with AJ Styles, Luke Gallows and Karl Anderson, and though the segment with
the OC was fun, many fans didn’t
enjoy it. There was some criticism directed at WWE,
with many fans seeing this as burying
the stars of today and the two Hall of Famers took to Waltman’s
podcast to address the situation. When asked what he thought about it,
Hall said: “What people don’t realize is that everybody in
that room was like ‘well geez, we’re kind of burying those guys.’ It was
addressed and it was overruled.” Though it was great to see the legends get a
moment to shine, it did seem to come at the
expense of the OC, so hopefully things will be better for the Club next week on
RAW, when they can once again turn their
attention to the stars of today We’re ending with some unfortunate news
today, as WWE RAW Superstar Jimmy
Uso has been arrested and charged for driving under
the influence in Florida. At 3:04 am, Uso was pulled over for driving
eratically, and was also given a
speeding ticket though this isn’t the first time the former Tag
Team Champion has had a problem
with the law. In February this year, Uso was arrested following
a drunken altercation with a police officer in
Detroit, and this most recent arrest comes just days about John Cena
joked about the incident from February
on this week’s RAW Reunion According to Brad Shephard, the WWE are very
concerned about Jimmy’s recent actions and they’re not the only ones who
are worried. Shephard said: “I’m told there’s a concern that
his behavior could cost him to
lose everything, including his marriage to WWE
Superstar Naomi.” Uso has a court appearance set for Thursday
August 15th, just days after Summerslam and WWE issued the following statement,
saying: ““Jonathan Fatu is responsible for his
own personal actions.” Hopefully this recent arrest will be the wake up
call Jimmy needs to get his life back on track, as
if he continues down this road he doesn’t just risk losing his job, but also the job
of his brother Jey, and could even lose his health
and possibly life in the process