Financial Site Talks WWE Failing With New Stars, Vince Has Lost A Staggering Amount, Stock Update

Financial Site Talks WWE Failing With New Stars, Vince Has Lost A Staggering Amount, Stock Update Photo: AllCityImages.com
- The latest magazine version of Forbes notes that Vince McMahon has lost more than $750 million in the last two months. The article mentioned WWE stock crashing earlier this month and Vince losing $350 million in one day, knocking him out of the billionaire ranks.

- WWE stock was down 0.35% today, closing at $11.27.

- The Motley Fool has a great article about WWE's recent woes at this link. Aside from being way off with their projections on a new TV deal, the story noted that a lot of their problems lies with their creative and not being able to create new stars:

"In the last few years, WWE has spent a lot of money and air time pumping up the debut of one star or the other. Future stars like Ryback, Fandango, Damien Sandow, Zack Ryder, Tensai, Sin Cara, are just a small list of performers that started with high expectations, and today are little more than filler for WWE's weekly programming. This type of relative failure rate is disconcerting because some of the main event stars haven't changed in years. John Cena and Randy Orton are still a primary focus of nearly every pay-per-view. This is a key difference between WWE's future (the WWE Network) and Netflix or HBO.

"In the last four quarters, WWE produced just over $18 million in total core free cash flow. The bad news is, the company has paid out over $36 million in dividends in the same timeframe. Part of the issue is, viewers aren't interested in seeing the same stars in similar matches year after year. The company needs to do a better job of weeding out the wheat from the chaff before overspending to promote performers who don't excite viewers."

BiGTUNA212 and The GOAT contributed to this article. Follow Raj Giri on Twitter at @RajGiri_303. Got a news tip or correction? Send it to us by clicking here.

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