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
Damien Sandow On His Appreciation Day, WWE Nixes Divas Match, Mada WWE Tough Enough Videos
JTG Talks How Black Wrestlers Are Portrayed In WWE, How Cryme Tyme Gimmick Happened
Scott Steiner Gives His Thoughts On Hulk Hogan Controversy And Racism
Total Divas Recap: Nikki And Daniel Fight, Paige And Alicia Clash, Cats, More
Spoilers: Another Title Change At Tonight's TNA Impact Tapings, Big Lethal Lockdown Match Set
Shawn Michaels Replaces Hulk Hogan, Byron Saxton Replaces The Miz, Billy Gunn Video
NXT Stars And Fandango Win Dark Matches, Becky Lynch On WWE Main Event, Sara And Chelsea Video