The announcement of the merger between WWE and UFC has caused a stir in the world of entertainment and sports. With the two major companies coming together, many are wondering how this will impact the industry as a whole. As the details of the merger begin to emerge, it appears that cost-cutting measures will be a priority to reduce redundancies within the new company.
During a recent episode of 83 Weeks, Eric Bischoff shared his thoughts on the merger and how he believes it will play out internally. He noted that cost cuts are inevitable, as there is a lot of duplication within the two companies. However, he suggested that the majority of layoffs will likely occur within UFC, as it is a less sophisticated and mature business compared to WWE.
Bischoff also praised WWE’s sophistication as a media company, stating that it is on par with other major players like Disney. He believes that WWE will weather the merger better than UFC, and that those working for UFC should be more concerned about their job security.
“Will there be cost cuts? Of course there will, because there’s a lot of duplication.”
“This is a guess, I suspect that there’ll be more layoffs … within UFC than there probably will be in WWE. I say that because WWE is a very sophisticated, mature business compared to UFC.”
As the merger continues to unfold, it remains to be seen how the corporate landscape of WWE and UFC will change. The companies have time to put together the pieces before the TKO stock goes live on Wall Street. However, it is clear that the merger will have far-reaching implications for both the entertainment and sports industries, and fans and employees alike will be watching closely to see how it all plays out.