Robert Karpeles, a former WWE writer and producer, has explained why Vince McMahon might decide not to sell the business after all. Earlier this week, McMahon used his influence to reclaim the position of Executive Chairman on the WWE Board of Directors.
McMahon cited the company’s need for his help in securing a new media rights deal and his presence to spearhead a potential sale as reasons for his presence. Karpeles, however, isn’t exactly relying on McMahon to market WWE. He gave his reasoning in an interview. Karpeles remarked, “I’ve always believed you can’t sell the WWE. “And people have always given me that look like I’m crazy.
They are such a self-contained entity that any company that wants to purchase them—whether it’s NBCUniversal, FOX, or Disney—will find that they are purchasing a lot more than just intellectual property.” Karpeles continued by saying that purchasing WWE wasn’t like buying Marvel, where you could own the characters and use them in movies. When you have a global live touring company which rarely takes a day off, he claimed, things are very different.
Q4 and full-year results
Karpeles also wonders if Disney would be willing to fight the case for paying medical insurance for the performers that are on the road 52 weeks out of the year if a company like Disney were to consider purchasing WWE. The argument over why WWE stars aren’t members of the Screen Actors Guild could arise, he said, even though a company like Disney might prevail in court just like McMahon did.
The business has recently bragged about its accomplishments and revenue growth. Many predict that trend will continue in Q4, but there is only one way to be certain. WWE disclosed the time and date of its conference call to go over the Q4 and full-year results in a press release on Thursday.
According to a statement in WWE’s press release, “WWE… announced that it will report its fourth quarter and full year 2022 results on Thursday, February 2, 2023, prior to the market opening.” “The company will hold a conference call to discuss the results beginning at 8:30 a.m. ET.” WWE revealed a 19% increase in revenue from Q3 2021 when it released its Q3 earnings in November last year.