WWE Chairman Vince McMahon worries about future of Saudi deal

Syed Umarullah HussainiWeb Editor

24th Apr, 2020. 01:27 pm
Vince McMahon

Chairman World Wrestling Entertainment (WWE) Vince McMahon has revealed that next tour in Saudi Arabia still unresolved admid Coronavirus pandemic.

As the world gripped by lockdown, Vince McMahon is a bit scared of getting hands off from the deal with Saudi Arabia.

In his recent statement Vince McMahon said It is something that has a huge impact on the company’s revenue.

But hopefully, the company won’t be losing money from this deal with Saudi Arabia. He said that a date in November 2019 was said to be fixed which could be pushed back in December depending on the situation.

Following the first 2020 Saudi Arabia show in the form of Super ShowDown 2020 held at  Mohammed Abdu Arena on the Boulevard in Riyadh, Saudi Arabia, WWE may have to cancel their second show in the fall but that won’t lose them any revenue from the Saudis, according to Vince.

On the other hand while disclosing the earning of the WWE made in recent months, he said

Revenues increased 60% to $291.0 million as compared to the prior year quarter. Operating income was $53.3 million as compared to a loss of $6.8 million in the prior year quarter.

He said that Digital video views increased 25% to 9.6 billion and hours consumed increased 15% to 344 million across digital and social media platforms.

WrestleMania 36 proved to be a major success for the company despite it’s not being an extravaganza, this year.

WrestleMania Week set a record viewership with more than 967 million video views across digital and social platforms, showing a 20% increase from last year.

Adsense 300 x 250