Over the past couple of weeks the economy has been hit hard, and while I myself know little about the economy, being only 16, I do understand that when times are hard you have to play the best card you have.
For the WWE, their best card is John Cena.
Recently, we have seen the WWE lay off some talent and as far as I know there are more releases on the way. Times are hard right now, and owning a company has to be a stressful job.
I looked it up this morning, and the WWE's stock is at $10.50 (as of writing). While they may be in an "Okay" position right now who knows what could happen tomorrow?
Here is an example. Midway Games, who ironically produced TNA’s video game, has had its stock fallen to $.34. To my knowledge the way things work on the stock market is that if your stock falls below the $1 mark, you will be endanger of being “delisted” if you cannot raise your stock in six months time.
Now you may be thinking that that’s not so bad. Wrong. Once your stock falls below the $1 mark, it is very difficult to rise above that mark again.
- B/R Ticket Guide
My point is that the WWE is considered a “small business,” and it is of the utmost importance that they maintain a strong number in the market.
The WWE seems to be pulling out all of the stops now. Three-hour Raws are becoming a common trend, and title changes are coming all too often in an effort to get people watching.
Last Sunday at Survivor Series, John Cena returned to his hometown of Boston to win the World Heavyweight Championship from Chris Jericho in what may be an another attempt by Vince McMahon to aid his company in this difficult time.
Regardless of my feeling toward Cena, there is no denying that the kids love him, and the younger viewers have proven to be Vince McMahon's strongest ally lately.
Now that the kids have their "hero" back, you may be thinking all will be well and good in the company. Well, that would be a huge misconception.
Nothing the WWE can do will save them if something truly devastating happens in the stock market.
Can you imagine what the wrestling world would be like without the WWE? Can you imagine the grin on Jeff Jarrett’s face? Can you imagine what you would be watching on Monday nights?
The WWE is making smart choices right now by having Cena return to his throne atop of the wrestling world. While some of us may not like Cena, we all love our wrestling and if having Cena as champion helps the WWE stay afloat, then I will be okay with him as champion for awhile.
So don’t expect seeing any major titles around Jeff Hardy’s waist for awhile. I just hope that the WWE and the rest of the United States will find safe waters again in this crisis that seems only to be worsening, but in the meantime the WWE will have to play it safe.
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about 1 month ago
first off Ross I liked the article, but you did show like you said that you are not an economy kind of guy, WWE stock at 10 dollars is wonderful for the stock guys. 10 bucks not only can be good but great. that is 10 bucks a share dude. a share is apart of the company. I personally know that gaming companies are not the highest in stock, mainly because they have quaterly releases and maybe 5 games total that are big every year. Midway did the TNA game which was supposed to be a cash cow for them, but tanked. IT was not the economy, it just wasn't good. Although the story mode was for my taste.
THQ the former makers on WWE's games is never high, but they do produce great games and the WWE's is usually the highest for them, although they do have a UFC game coming out in the spring of 09.
they gaming stock usually goes up when they have a great game coming out, it may boost up to 8 to 10 for a few weeks. But having an average of 10 a share in this economic crisis is amazing. I took alot of business classes in high school and am a player in the stock market myself, although I didn't lose to much myself. I sold!! HA
Anyway I think you are right about Cena, the WWE knows that Cena is a huge player for them and so is DX that is why they were on last night. Cena has always been a leader in merchandise and since it is christmas time, you better believe it will go up. If you noticed he has a new shirt and hat out that he has been wearing.
Usually World Champions get more merchandise, but Cena has alway sold allot since he got big in movies and what not. Good article once again Ross
about 1 month ago
"I personally know that gaming companies are not the highest in stock...."
While that may be true for some EA Games has around $20.00 per share. That sounds pretty good to me.
from about 1 month ago
yes ss but only when Madden or something comes out, during the other times when they are not to putting out future #! in the that sport games they are not the best to get involved in. The Tiger Woods game may be #1 but its the only one just because it says that doesn't mean its successful. Of course Madden like I said and others do well when they first come out and around this time of year.
about 1 month ago
Good insight into the politics of Wrestling.
Unfortunately for most hard core fans though, we will have to endure another title run by that boring chump Cena.
I wish he would turn heel. It would be funny to watch all his little sh*t-heel fans get their hearts broken. If that sounds mean spirited, ...then so be it. That stupid wigger ...and his teenie bopper fans are so damn annoying.
There, ...got that off my chest.
from about 1 month ago
Ha ha your preaching to the choir. I have been pushing for a Cena heel turn forever. But last Monday Raw got a 3.3 up from like a 2.9 just because Cena was there. So for now let’s do what is right for the company and grip about his lame character later.
about 1 month ago
this is a good article. I like looking beyond what you see on tv and this article hits the mark.
As far as Cena goes, he is great. And I dont mean a great wrestler, but a great character. It's stale to some and awesome to others. You either love him or you hate him and thats why people tune in. Cena is a HUGE draw. You hit the nail right on the head with this one.
about 1 month ago
Nice aricle Ross, but the only thing I disagree with is the Jeff Hardy thing.
Hardy has a huge fan base and sells tons of merchandise with young and old alike.
Plus he has a huge kid fan base as well as the 18-32 crowd, and woman love him as well.
If he stays out of trouble from now till March, I see no reason why WWE wont give him the title at Wrestlemania.
from about 1 month ago
Yes Ronnie I know all of that, but he has proven himself to be "bad press" in the eyes of the company. Drug Suspensions and all of that. If the WWE gave him a chance he would be bigger than John Cena no doubt but he has kind of ruined it for himself.
I'm still holding out hope Glad you liked the article.
about 1 month ago
Ok I see your point, but hasnt Randy Orton been suspended too at least once or twice ( one before the Wellness policy) and had a bad attitude for a while.
Look how WWE has entrusted him as one of their top guys and world title holder.
from about 1 month ago
That is a solid argument. But Hardy has been released from the WWE before due to these problems. Hardy is making the company allot of money and could be making more, but Vince does not want to risk having one of his Champions having their contract terminated due to another drug violation. Randy only has one "Strike" against him (Officially).
from about 1 month ago
TO Ross, the WWE never released him, he left remember the TNA years?
12 days ago
Lets all try to keep the wwe alive and help to talk to john cena somehow and make that happen can someone just try to get an address to write to him and post it on his web site and also send him a message just for him in this kind of block that i am writing in. It is time to stop playing around and handle business to make sure wwe stays alive and with the mcmahons in charge like stephanie that will not be possible just like her brother said so lets find a way to make wrestling better and vote for the right candiate to take over.
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