Russo is joined on today’s show by his co-host Jeff Lane and Glenn Gilbertti (Disco Inferno).
Lane opens today’s show by informing that a reporter tweeted out last week, mentioning that NXT had $7 Million in ticket sales in 2016 as well as $20 Million in expenses. In 2017 NXT had $5.6 Million in ticket sales and $25 Million in expenses. Jim Cornette has recently gone on the record on his podcast reaffirming these numbers.
Gilbertti doesn’t think this is a big deal at all because WWE is a marketing monster, and they have several income streams for their product. He adds that you can criticize WWE all you want, but you can’t deny that they continue to be very healthy financially. In fact, he feels their financial security has resulted in their television product being lazily produced.
Lane informs that while WWE’s revenues have increased dramatically since the attitude era, their annual profit has actually dropped. They actually lost money in one year recently with the launch of the WWE Network. He adds that increasing revenues mean very little with inflation, especially if their profits are falling. Gilbertti agrees, but notes that it was expected that WWE would lose money when they launched the Network because that’s a long-term investment for them.