Source: Wrestling Observer Newsletter
This 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.