Source: Wrestling Observer NewsletterThis is a scary stat for WWE. They will lose more money in 2014 than any other wrestling company in history, in a calendar year, besides WCW in 2000. WWE is expecting to lose between $45 million and $52 million in 2014. WCW lost $62 million in 2000.
WWE previously expected that they would lose $23 million to $26 million in the first 6 months of this year, but then with the Network and the new TV deal kicking in during October, they expected to break even in quarter three and then make substantial profits in quarter four, ending the year at close to breaking even.
It's a big story and a major loss for WWE, but they aren't going out of business. There's been a lot of speculation and rumors among fans online lately.
Subscribe to The Wrestling Observer by clicking here. Each issue has coverage and analysis of all the major news, plus history pieces. New subscribers can also receive free classic issues.
Got a news tip or correction? Send it to us by clicking here.
Short URL: http://goo.gl/l1kpjf
Today In Wrestling History 5/30: Shawn Michaels Fired, Jim Duggan Nearly Dies From Injury, And More
Samoa Joe Note, WWE Diva With NXT Star At Live Event, Steamiest Love Triangles, WWE In Greensboro
WWE Announces Guest Host For Upcoming RAW
Shaq On How Long He Could Last With Ronda Rousey, UFC Raises Minimum Fight Pay, UFC 188 Trailer
WWE Live Event Results From Raleigh (5/29): John Cena Cage Match Headlines, Rusev's Replacement
The Rock's New Movie Exceeds Expectations, Is Set To Be His Biggest Opener
Neville On If He Misses NXT, Wanting Match With Daniel Bryan, His Ambitions
Brock Lesnar Working First House Show In Eleven Years, Opponent Revealed
Brock Lesnar Returning To WWE Television
Possible Replacement For Rusev At WWE Elimination Chamber, Backstage Notes On His Injury
More On Kevin Owens Moving To Main Roster, His NXT Status
Former WCW Tag Team Champion Signs WWE Legends Deal, Talks Infamous Shockmaster Incident