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WWE Tour a Success, Analyst Predicts Succes for WWE, More

– Key stock analyst Richard Ingrassia of Roth Capital Partners recommends buying WWE stock because of pay-per-view numbers increasing 37% in the second quarter. Ingrassia cites WWE’s use of social media as the reason for the increase. He also noted that WWE should gain popularity based on the new Main Event show for Ion, the Saturday Morning Slam show on CW and the third extra hour of RAW. Ingrassia also believes that WWE is moving away from their money-losing movie strategy and feels the Network launch could add $68 million to 2013 revenue.

– WWE’s recent tour of Australia was a huge success with three shows bringing in $3.3 million. They had near sellouts in Sydney and Melbourne.

– Joe Anoa’i, the brother of Yokozuna and Rosey, has had his name changed in WWE NXT from Leakee to Roman Reigns. His gimmick is that of a successful businessman who wears three piece suits everywhere.

Source: Wrestling Observer Newsletter