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WWE Co President on why the company has not been sold yet

WWE

Vince McMahon had previously said that he is open to the idea of selling WWE and now another official from the company has made similar comments.

WWE Co-President George Barrios was recently a guest on CNBC’s “Closing Bell” program where he talked about the company’s financial earnings in the fourth quarter of 2018.

When asked why the promotion hasn’t been sold to a corporation like Disney yet, Barrios said that they are happy with their strategy but are open for business:

“They’re all smart, they’re all doing great things, I’m sure they’re going to be really successful, we’re happy with our strategy. I’ll quote our Founder, Chairman and CEO, who said we’re always open for business, and speak to people about interesting ideas, but we’re going to keep doing what we’re doing.”

Continuing on the topic, he talked about what the company considers as competition, saying that in the entertainment industry, everything that puts a smile on people’s faces is competition for them.


  • Keith Learmonth

    The stock is high because the fox deal is making the company money. That’s how stock prices work. I’m not going to sit here and argue economics with someone who thinks stock prices don’t mean anything.

  • ah

    Forget about the stock that doesn’t mean anything. WWE from 2002-2004 sold out all their arenas and the little tarped that they did back then is nothing compared to today. You want to know why there stock is so high let’s see Vince getting back into football and Fox getting Smackdown. Smackdown back then had their arenas full unlike today wear only one section is full theirs ton’s of pictures out their for proof just for you try again.

  • Keith Learmonth

    You can literally google the stock price. The worst WWE has ever been since becoming a public company was $7.10 per share, in October 2002.

    They might’ve had worse financial years in the 90’s, before becoming publicly traded, but we don’t have open access to the financials before 2001.

    You can’t tell me to “try again” if you’re not even going to try.
    We live in a world with all the information we could ever need at our fingertips, and for some reason, you’re afraid to use that.

  • Keith Learmonth

    I never said they didn’t. I just said it wasn’t rare to see sections tarped off, even a decade and a half ago. I don’t recall saying that Smackdown’s attendance was exactly as bad then as it is now.

  • ah

    Again they sold out a lot back then and Hannibal Tv actually does research unlike other’s.

  • ah

    Smackdown still sold out a lot more back then compared to today try again.

  • ah

    NO it wasn’t try again.

  • Keith Learmonth

    HANNIBAL TV? What is that, some youtube channel? You’re getting your info from some random youtube channel, and -i’m- the “mark”?

    I’ve been watching wrestling for decades now, and it has always been common to see sections tarped off at Smackdown tapings pretty much ever since the Invasion angle ended.

    Some markets are better than others, but Smackdown was very rarely sold out.

  • Keith Learmonth

    I’d also like to point out, I didn’t say they weren’t making money in those years. I said that even in those times, it was common to see sections tarped off at smackdown tapings.

  • Keith Learmonth

    2002 was, financially, WWE’s worst year since becoming a publicly traded company. This information is very easy to google. Try it sometime.

  • ah

    Sure Keith sure.

  • ah

    Check out THE HANNIBAL TV WWE Live Event Business Hurting & Impact Drops Huge.

  • AH

    Keith cut the crap and yea that is a stupid comparison what are you smoking they wear breaking checks from 2002-2004 now if your talking about 1994-1996 is one thing try better next time.

  • AH

    Theirs the video I looked it up my self their you go.

  • Claudio Angiuoni

    The thing is when is comes to ratings and PPV ratings at that time that gives you a huge chunk of change you need that revenue. WWE is far from having money problems but the fact is if they keep going down how are they going to stay float.You all are not looking at it from a business stand point now the fact that WWE barley broke even in US let’s say that one only that’s a huge concern with all the talent that they need to pay out with cost of the Network it’s not easy as 1-2-3.But for any company such as AEW to be able to beat them and buy them out in a year like how other’s have said that’s far from it.

  • Claudio Angiuoni

    It was not relevant it’s a fact buddy I can tell you are a mark.Fact is it was report even HANNIBAL TV even said they barely broke even in the us and what a horrible comparison 2002-2004 their attendance was not even low in those years WWE was still doing fantastic in those years.

  • Nicholas Giambattista

    The thing is when it comes to TV ratings not everybody watch Raw or Smackdown on Monday or Tuesday anymore. You can watch those shows anytime you want to. You seen the attendance at the Royal Rumble oh nobody saying a thing about that are they.

    If WWE was having money trouble how is it they are growing the NXT brand right now. It that the WWE has now figure out a way to save money now which is just as big as making money.

  • Keith Learmonth

    We’ve seen a former intercontinental champion from a wrestling family backed by a rich family before. Didn’t beat WWE. People like you are doing more harm to AEW than any benefit. Overhyping it is bad. They haven’t even had a single TV taping yet, we have no idea if they can do this week after week at the same level as All In, we have no idea if Cody & co can avoid just booking their friends on top constantly, and we know that they don’t have a giant checkbook at all. They have $100 million. Nearly a tenth of that goes to Jericho’s contract alone, leaving 90 million to cover the rest of the contracts, set up the TV stuff, buy sets and equipment, and for advertising… which sounds like a lot, but it’s not. It’s really not.

  • Keith Learmonth

    Ratings on cable in general are garbage. Raw is still usually the top entertainment show on cable for the week, usually only topped by various sports and news-talk shows. Cable’s a dying media. Advertisers use social media scores for determining who to advertise with now, and on that front, WWE is usually above even prime time network TV.

    As for the “poor attendance”, that part is true, but the same thing used to happen in 2002, 2003, and 2004, when huge sections of the smackdown arenas would be tarped off, even when smackdown was in it’s prime. The TV deals and merch are where the money is. Live gates aren’t the be-all, end-all.

    Thanks for playing, but your information was only relevant 20 years ago, means nothing now.

  • People like you are why Idiocracy will be a real thing one day.

  • Nicholas Giambattista

    I don’t believe he is going sell the CEO just said they are not for sell.

  • Soulshroude

    And yet, we’ve yet to see even one match.

  • Claudio Angiuoni

    Is their a reason you can’t look it up your self I mean you are responding back to me so look it up your self fact is ratings are in the crap and fan attendances is crap their are ton’s of pictures out their.

  • Nicholas Giambattista

    It is fact were are your show me numbers they don’t lie.

  • Claudio Angiuoni

    I knew you wear going to bring up those two but fact is it doesn’t matter records show they barely broke even last year.

  • Nicholas Giambattista

    Wrong the stocks are high it becoming very global that why WWE is able to offer higher contract. Oh did you not forget the 1 Billion from Fox for WWE to move Smackdown. These TV are bending over backwards just to get WWE on there network.

  • James

    I think that eventually AEW could possibly buy WWE and merge with their talent. With AEW all the ingredients are there in terms of managing and running the company and also AEW has ONE giant checkbook and can offer talent full health insurance and that’s something that WWE could never be able to do.

  • Claudio Angiuoni

    If he’s offered with an amount that he is happy with he will sell it sick or no sick he has said ton’s of times for the the right price he will sell it.

  • Claudio Angiuoni

    Not really they barley broke even last year it’s really not doing that well.

  • oppa

    This is about as high as he can get the company. He has created generational wealth for his children and grandchildren. If he wants to sell and do other things, he’s earned the right to do so.

  • ROB-1.

    Why would Vince sell it unless he is sick?

  • Nicholas Giambattista

    He not going to sell it now. It actually making more money then it every has because it becoming more global.

  • Keith Learmonth

    What benefit would it be to WWE as an entity to sell out?
    I doubt that Disney has anyone in mind who could be better for the future of the company than Triple H is.