Chyna ‘Tickled’ To Receive Adult Film Award – Details
AppId is over the quota
Chyna, who made her official debut as an adult star in Vivid’s runaway hit movie Backdoor to Chyna, will receive the “Mainstream to Porn Crossover Award” at the Fleshbot Awards on Friday, November 11 in New York City.
“I’m really tickled by this award,” said the former WWE Women’s Champion in a press release. “I started having a great time from the minute Steven Hirsch of Vivid gave me the green light to make my first movie with his studio, it’s been non-stop glamorous fun ever since. It’s been quite a dramatic change for me to make the transition from being the ‘Ninth Wonder of the World’ to sexy porn star. But, I knew what I wanted and it turned out to be the absolute right decision for me. I’m loving every minute.”
WWE Reports 2011 Third Quarter Financial Results - Full Details
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WWE(R) Reports 2011 Third Quarter Results
STAMFORD, Conn., Nov 03, 2011 (BUSINESS WIRE) — WWE WWE +1.26% today announced financial results for its third quarter ended September 30, 2011. Revenues totaled $108.5 million as compared to $109.6 million in the prior year quarter. Operating income was $15.9 million as compared to $20.3 million in the prior year quarter. Net income was $10.6 million, or $0.14 per share, as compared to $14.3 million, or $0.19 per share, in the prior year quarter. Impacting comparability of our year-over-year results were $5.1 million of film impairment charges in the current year quarter. Excluding the impact of the film impairments in the current quarter, Adjusted Operating income was $21.0 million as compared to $20.3 million in the prior year quarter. Adjusted Net income was $14.1 million, or $0.19 per share, as compared to $14.3 million, or $0.19 per share.
“In the third quarter, our results reflected the Company’s continued focus on improving business results in a difficult environment,” stated Vince McMahon, Chairman and Chief Executive Officer. “Despite the challenging economic headwinds, both domestically and abroad, we generated increased profits across a majority of our businesses, with the main exception being our film business which we continue to monitor and refine to improve future performance. We believe the sluggish economy and our ongoing talent transition were important factors that affected the results of our other businesses. Based on our history of developing talent and creating content with broad appeal, we are confident we can address our creative challenges. Further, by taking advantage of our strategic opportunities, including the anticipated 2012 launch of a WWE network, we can achieve meaningful growth.”
Comparability of Results
The current year quarter results included $5.1 million in film impairment charges related to our films Inside Out, The Chaperone, and Knucklehead. In order to facilitate an analysis of our financial results on a more comparable basis, where noted, we have adjusted our results to exclude these film impairment charges from our third quarter of 2011 results. Adjusted Operating income increased 3% to $21.0 million and Adjusted EBITDA increased 5% to $24.6 million. (See Schedules of Adjustments in Supplemental Information) Please note that our revised film strategy utilizing a self-distribution model also has an impact on the comparability of results but is not adjusted in the aforementioned schedules.
Three Months Ended September 30, 2011 — Results by Business Segment
Total revenues declined 1% to $108.5 million driven primarily by declines in WWE Studios and Consumer Products, partially offset by Live and Televised Entertainment. Revenues from North America increased by 1%, led by growth in our Pay-Per-View and Home Video businesses. Revenues outside North America decreased 6%, primarily due to a decline in our Consumer Products segment, which was partially offset by an increase in Television rights revenue and favorable changes in foreign exchange rates.
The following tables reflect net revenues by segment and by region for the three months ended September 30, 2011 and September 30, 2010. (Dollars in millions)
Three Months Ended
Sept. 30, Sept. 30,
Net Revenues 2011 2010
——————————– ——— ———
Live and Televised Entertainment $ 78.1 $ 73.8
Consumer Products 19.8 21.4
Digital Media 6.9 6.8
WWE Studios 3.7 7.6
—– —–
Total $ 108.5 $ 109.6
==== ===== ==== =====
Three Months Ended
Sept. 30, Sept. 30,
Net Revenues by Region 2011 2010
———————————– —– —–
North America $ 79.6 $ 78.9
Europe, Middle East & Africa (EMEA) 14.1 15.0
Asia Pacific (APAC) 12.6 13.3
Latin America 2.2 2.4
—– —–
Total $ 108.5 $ 109.6
==== ===== ==== =====
Live and Televised Entertainment
Revenues from our Live and Televised Entertainment businesses were $78.1 million for the current year quarter as compared to $73.8 million in the prior year quarter, representing a 6% increase.
– Live Event revenues were $23.0 million as compared to $22.8 million in the prior year quarter, reflecting an increase of 1%. — There were 79 events, including 15 international events, during the current year quarter as compared to 78 events, including 16 international events, in the prior year quarter.
– North American events generated $14.2 million of revenues from 64 events as compared to $13.8 million from 62 events in the prior year quarter. North American average attendance decreased 6% to approximately 4,900 from 5,200 in the prior year quarter. The average ticket price for North American events was $41.34 in the current year quarter as compared to $41.07 in the prior year quarter.
– International events generated approximately $8.8 million of revenues from 15 events as compared to $9.0 million from 16 events in the prior year quarter. International average attendance increased 7% to approximately 7,200 from 6,700 in the prior year quarter. In addition, average ticket prices were $80.08 as compared to $86.07 in the prior year quarter, reflecting a 7% decrease, due in part to differences in territory mix that were partially offset by favorable changes in foreign exchange rates.
– Pay-Per-View revenues were $15.8 million as compared to $13.6 million in the prior year quarter, reflecting the impact of buys associated with WrestleMania, a prior period event. There were 65,000 incremental buys for WrestleMania in the quarter, which has a higher retail price than our other events. Buys for the three comparable events in the current and prior year quarter, however, declined 4%, reflecting a 3% increase in domestic buys that was more than offset by a 14% decline in international buys.
The details for the number of buys (in 000s) are as follows:
Broadcast Month Events (in chronological order) Three Months Ended Sept. 30,
————————–
2011 2010
——— —————–
July Money in the Bank(TM) 195 165
August SummerSlam® 296 350
September Night of Champions® 161 165
Prior events 106 55
——— —————–
Total 758 735
========= =================
– Television Rights Fees revenues were $34.0 million as compared to $31.1 million in the prior year quarter. This increase was primarily due to improved terms and contractual increases from our existing programs, partially offset by the absence of rights fees for our NXT(TM) and WWE Superstars programs.
– Venue Merchandise revenues were $3.6 million as compared to $3.9 million in the prior year quarter, as the impact of a 12% decrease in total domestic (U.S.) attendance was partially offset by an 8% increase in domestic per capita merchandise sales to $10.18 in the current year quarter.
Consumer Products
Revenues from our Consumer Products businesses decreased 7% to $19.8 million from $21.4 million in the prior year quarter, primarily due to the performance of our Licensing business.
– Home Video net revenues were $8.3 million as compared to $7.2 million in the prior year quarter, a 15% increase driven by an adjustment to our allowance for returns and an increase in revenue per unit, partially offset by a 17% reduction in shipments to 686,000 units. The reduction in our allowance for returns reflected better than expected sell-through rates for titles released in prior quarters. Average prices increased 4% to $13.18 due to the timing of promotional activity and a reduction in manufacturer’s discounts.
– Licensing revenues were $9.0 million as compared to $10.8 million in the prior year quarter as lower toy, collectible and apparel sales more than offset an increase in video game sales. Revenues related to toys declined 24%, or $0.9 million, reflecting a challenging retail environment for certain toy categories. Revenues from our collectible products declined due to a tough comparison to a successful product launch in the prior year. Revenue from video games, increased by approximately $1.1 million, led by sales of the WWE All Stars video game, which launched earlier this year. Unit shipments of our SmackDown vs. Raw video game decreased 59% to 135,000 units as compared to the prior year quarter.
– Magazine publishing net revenues were $1.9 million as compared to $2.6 million in the prior year quarter, reflecting lower newsstand sales in the current year quarter.
Digital Media
Revenues from our Digital Media related businesses were $6.9 million as compared to $6.8 million in the prior year quarter, representing a 1% increase.
– WWE.com revenues were $3.7 million as compared to $4.0 million in the prior year quarter, primarily reflecting a decline in mobile content revenues.
– WWEShop revenues were $3.2 million as compared to $2.8 million in the prior year quarter. This was driven by a 15% increase in the number of orders to approximately 68,000 and a 2% increase in average revenue per order to $46.94.
WWE Studios
During the quarter, we recorded revenue of $3.7 million as compared to $7.6 million in the prior year quarter, with the decline in revenue driven by the relative performance of our current film releases compared to the prior year quarter release. Film profits declined $5.5 million from the prior year quarter reflecting the performance of recent releases; i.e., Inside Out, The Chaperone, and Knucklehead. Lower home video sales than anticipated contributed to revised ultimate projections, which resulted in a $5.1 million impairment charge for these films. The decline in film profits also reflected lower receipts from our licensed films and the previously disclosed change in our distribution model for films. Under our self-distribution model, we record a film’s advertising costs and distribution expenses in our results as incurred and recognize film receipts as earned.
Profit Contribution (Net revenues less cost of revenues)
Profit contribution decreased to $44.0 million in the current year quarter as compared to $47.8 million in the prior year quarter, reflecting a loss in our WWE Studios segment and lower Licensing profits. Gross profit contribution margin decreased to approximately 41% as compared to 44% in the prior year quarter, primarily driven by the performance of our film business, which reflected the recognition of film impairment charges. Excluding these charges, Adjusted Profit contribution increased to $49.1 million in the current year quarter as compared to $47.8 million in the prior year quarter and Adjusted profit margins increased to 45% as compared to 44% in the prior year quarter.
Selling, general and administrative expenses
SG&A expenses were $24.5 million for the current year quarter as compared to $24.3 million in the prior year quarter, led by increases in salary, severance and benefit costs, as well as higher legal and professional fees, in-part related to the anticipated launch of a WWE Network. These were partially offset by a reduction in accrued management incentive compensation.
Depreciation and amortization
Depreciation and amortization expense was $3.6 million for the current year quarter as compared to $3.2 million in the prior year quarter.
EBITDA
EBITDA was approximately $19.5 million in the current year quarter as compared to $23.5 million in the prior year quarter. The decrease was primarily driven by reduced profits from our film business. Adjusted EBITDA (excluding the film impairment charges in the current year quarter) increased 5% to $24.6 million in the current quarter as compared to $23.5 million in the prior year quarter.
Investment and Other (Expense) Income
Investment income was $0.5 million in both the current year quarter and prior year quarters. Other expense of $0.7 million, as compared to other income of $0.9 million in the prior year quarter, reflects foreign exchange losses of $0.4 million in the current year quarter as compared to foreign exchange gains of $0.9 million in the prior year quarter.
Effective tax rate
In the current year quarter, the effective tax rate was 32% as compared to 34% in the prior year quarter. The prior year rate was negatively impacted by a $0.4 million adjustment relating to differences between our tax returns as filed and our estimated tax provision.
Summary Results for the Nine Months Ended September 30, 2011
Total revenues through the nine months ended September 30, 2011 were $371.0 million as compared to $355.1 million in the prior year period. Operating income for the current year period was $50.1 million versus $67.8 million in the prior year period. Net income was $33.5 million, or $0.45 per share, as compared to $45.3 million, or $0.60 per share, in the prior year period. EBITDA was $61.0 million for the current nine month period as compared to $76.3 million in the prior year period. The current year period was impacted by $11.2 million in film impairment charges, while the prior year period reflected an infrastructure tax incentive which reduced depreciation and amortization expense by $1.6 million. Adjusting for these items, Adjusted Operating income for the current year period was $61.3 million versus $66.2 million in the prior year period. Adjusted Net Income was $41.1 million, or $0.55 per share, as compared to $44.4 million, or $0.59 per share, in the prior year period.
Nine Months Ended September 30, 2011 — Results by Business Segment
Total revenues grew 4% to $371 million driven primarily by an increase in Live and Televised Entertainment, which occurred mostly in North America. Growth in North America also reflected increased revenue from Licensing (within our Consumer Products segment) and from WWE Studios. Revenues from outside North America were essentially flat as growth from Television and WWE Studios and an approximate $3 million favorable impact from changes in foreign exchange rates were offset by a decline in Consumer Products.
The following charts reflect net revenues by segment and by geographical region for the nine months ended September 30, 2011 and September 30, 2010. (Dollars in millions)
Net Revenues by Segment
——————
Nine Months Ended
Sept. 30, Sept. 30,
2011 2010
——— ———
Live and Televised Entertainment $ 259.0 $ 249.5
Consumer Products 76.2 75.4
Digital Media 19.2 18.6
WWE Studios 16.6 11.6
—– —–
Total $ 371.0 $ 355.1
==== ===== ==== =====
Net Revenues by Region
——————
Nine Months Ended
Sept. 30, Sept. 30,
2011 2010
——— ———
North America $ 272.3 $ 256.4
Europe, Middle East & Africa (EMEA) 57.0 55.6
Asia Pacific (APAC) 29.3 29.2
Latin America 12.4 13.9
—– —–
Total $ 371.0 $ 355.1
==== ===== ==== =====
Live and Televised Entertainment
Revenues from our Live and Televised Entertainment businesses were $259.0 million for the current period as compared to $249.5 million in the prior year period, an increase of 4%.
Sept. 30, Sept. 30,
2011 2010
——— ———
Live Events $ 77.8 $ 78.0
Pay-Per-View $ 63.7 $ 56.4
Venue Merchandise $ 14.4 $ 14.7
Television Rights Fees $ 97.6 $ 91.3
Television Advertising $ 0.7 $ 4.5
WWE Classics On Demand $ 3.4 $ 3.5
Consumer Products
Revenues from our Consumer Products businesses were $76.2 million as compared to $75.4 million in the prior year, an increase of 1%.
Sept. 30, Sept. 30,
2011 2010
——— ———
Home Video $ 23.9 $ 26.3
Licensing $ 44.9 $ 39.4
Magazine Publishing $ 5.7 $ 7.9
Digital Media
Revenues from our Digital Media related businesses were $19.2 million as compared to $18.6 million in the prior year, an increase of 3%.
Sept. 30, Sept. 30,
2011 2010
——— ———
WWE.com $ 9.8 $ 10.4
WWEShop $ 9.4 $ 8.2
WWE Studios
During the current year period, WWE Studios recognized revenue of $16.6 million as compared to $11.6 million in the prior year period, with the growth in revenue driven by an increase in the number of film releases (3 in the current year period as compared to 1 in the prior year period). Lower than anticipated performance of several films contributed to revised ultimate projections, which resulted in $11.2 million of impairment charges. Film profits declined $14.6 million from the prior year period driven by the aforementioned impairment charges and the increased distribution expenses associated with the higher number of releases under our self-distribution model in the current period as compared to the prior year period.
Profit Contribution (Net revenues less cost of revenues)
Profit contribution decreased to $144.4 million in the current year period as compared to $156.6 million in the prior year period primarily driven by the performance of our WWE Studios business and the absence of domestic television rights fees for our NXT(TM) and WWE Superstars programs. Adjusted Profit contribution (excluding the film impairment charges in the current year period) of $155.6 million was essentially flat to the prior year period as increased profits from Licensing and Pay-Per-View were offset by the absence of the domestic television rights fees as discussed above. Adjusted Profit contribution margin declined to approximately 42% as compared to 44% in the prior year period, primarily reflecting the resulting change in product mix.
Selling, general and administrative expenses
SG&A expenses were $83.4 million for the current year period as compared to $80.3 million in the prior year period, led by increases in salary, severance and benefit costs, as well as higher legal and professional fees, partially offset by a reduction in accrued management incentive compensation.
EBITDA
EBITDA for the current year period decreased to approximately $61.0 million as compared to $76.3 million in the prior year period, reflecting lower profit contribution and higher SG&A expenses as described above. Adjusted EBITDA (excluding the film impairment charges in the current year period) declined to $72.2 million from $76.3 million in the prior year period.
Investment and Other Income (Expense)
Investment and Other Income (Expense) was essentially unchanged from the prior year period.
Effective tax rate
The effective tax rate was 33% in both the current and prior year periods. The decrease in our current period tax rate from our anticipated rate of 35% was primarily due to a $0.6 million benefit relating to the shutdown of a Canadian subsidiary. Additionally, rates were positively impacted by the recognition of tax benefits previously unrecognized of $0.5 million and $1.3 million for the current year and prior year periods, respectively. These benefits were primarily a result of the statute of limitations expiring in jurisdictions where the Company had previously taken uncertain tax positions.
Cash Flows
Net cash provided by operating activities was $47.8 million for the nine months ended September 30, 2011 as compared to $27.9 million in the prior year period. This increase was primarily driven by the timing of feature film production activities.
On September 9th, 2011, WWE entered into a $200 million revolving credit agreement because we believed there was generally a favorable climate in the capital markets for loans of this type. While we do not have specific plans to borrow at this time, we have announced initiatives for which we may borrow going forward. These initiatives include, but are not limited to, the formation of a WWE television network and the expansion and update of our media center as well as initiatives associated with the execution of our strategy.
Additional Information
Additional business metrics are made available to investors on a monthly basis on our corporate website — corporate.wwe.com.
Note: WWE will host a conference call on November 3, 2011 at 11:00 a.m. ET to discuss the Company’s earnings results for the third quarter of 2011. All interested parties can access the conference call by dialing 855-993-1400 (conference id:WWE). Please reserve a line 15 minutes prior to the start time of the conference call. A presentation that will be referenced during the call can be found at the Company web site at corporate.wwe.com. A replay of the call will be available approximately three hours after the conference call concludes, and can be accessed at corporate.wwe.com.
WWE, a publicly traded company WWE +1.26% , is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 145 countries and 30 languages and reaches more than 500 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mumbai, Shanghai, Singapore, Istanbul and Tokyo. Additional information on WWE WWE +1.26% can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/ .
Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.
Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and renewing key agreements, including television distribution agreements; the need for continually developing creative and entertaining programming; the continued importance of key performers and the services of Vincent McMahon; the conditions of the markets in which we compete and acceptance of the Company’s brands, media and merchandise within those markets; our exposure to bad debt risk; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; uncertainties associated with international markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing and travelling to and from our large live events, both domestically and internationally; the risk of accidents or injuries during our physically demanding events; risks relating to our film business and any new business initiative which we may undertake; risks relating to the large number of shares of common stock controlled by members of the McMahon family and the possibility of the sale of their stock by the McMahons or the perception of the possibility of such sales; the relatively small public float of our stock; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends, general economic and competitive conditions and such other factors as our Board of Directors may consider relevant.
WWE
Consolidated Income Statements
(in thousands, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2011 2010 2011 2010
——— ——— ——— ———
Net revenues $108,518 $109,564 $ 370,979 $ 355,131
Cost of revenues 64,455 61,763 226,531 198,542
Selling, general and administrative expenses 24,567 24,322 83,485 80,284
Depreciation and amortization 3,593 3,211 10,872 8,461
——— ——— ——— ———
Operating income 15,903 20,268 50,091 67,844
——— ——— ——— ———
Investment income, net 484 524 1,458 1,504
Interest expense (151) (64) (246) (202)
Other (expense) income, net (661) 899 (1,082) (1,173)
——— ——— ——— ———
Income before income taxes 15,575 21,627 50,221 67,973
Provision for income taxes 4,984 7,290 16,760 22,648
——— ——— ——— ———
Net income $ 10,591 $ 14,337 $ 33,461 $ 45,325
========= ========= ========= =========
Weighted average common shares outstanding:
Basic 74,328 74,576 74,142 74,372
========= ========= ========= =========
Diluted 74,707 75,325 74,740 75,263
========= ========= ========= =========
Earnings per share:
Basic $ 0.14 $ 0.19 $ 0.45 $ 0.61
========= ========= ========= =========
Diluted $ 0.14 $ 0.19 $ 0.45 $ 0.60
========= ========= ========= =========
WWE
Consolidated Balance Sheets
(in thousands)
(Unaudited)
As of As of
Sept. 30, Dec. 31,
2011 2010
————– ————–
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 58,384 $ 69,823
Short-term investments 104,401 97,124
Accounts receivable, net 50,730 52,051
Inventory 2,433 2,087
Deferred income tax assets 14,097 17,128
Prepaid expenses and other current assets 14,858 20,856
Total current assets 244,903 259,069
——– ——–
PROPERTY AND EQUIPMENT, NET 79,152 80,995
FEATURE FILM PRODUCTION ASSETS, NET 39,920 56,253
INVESTMENT SECURITIES 14,811 15,037
OTHER ASSETS 5,938 4,375
——– ——–
TOTAL ASSETS $ 384,724 $ 415,729
==== ======== ==== ========
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt $ 1,238 $ 1,169
Accounts payable 14,247 18,441
Accrued expenses and other liabilities 22,063 24,478
Deferred income 17,695 28,323
Total current liabilities 55,243 72,411
——– ——–
LONG-TERM DEBT 684 1,621
NON-CURRENT TAX LIABILITIES 7,534 15,068
NON-CURRENT DEFERRED INCOME 8,646 9,881
STOCKHOLDERS’ EQUITY:
Class A common stock 279 275
Class B common stock 465 465
Additional paid-in capital 338,435 336,592
Accumulated other comprehensive income 3,104 3,144
Accumulated deficit (29,666) (23,728)
——– ——–
Total stockholders’ equity 312,617 316,748
——– ——–
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 384,724 $ 415,729
==== ======== ==== ========
WWE
Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Nine Months Ended
Sept. 30, Sept. 30,
2011 2010
——— ———
OPERATING ACTIVITIES:
Net income $ 33,461 $ 45,325
Adjustments to reconcile net income to net cash provided by
operating activities:
Amortization of feature film production assets 23,832 7,014
Revaluation of warrants – (552)
Depreciation and amortization 10,872 8,461
Realized gain on sale of investments (32) (55)
Amortization of investment income 1,958 1,286
Amortization of debt issuance costs 51 -
Stock compensation costs 2,692 6,522
Provision (recovery) for doubtful accounts 17 (37)
Provision for inventory obsolescence 1,504 1,530
(4,348) (8,946)
Benefit from deferred income taxes
Excess tax benefit from stock-based payment arrangements (138) (2,723)
Changes in assets and liabilities:
Accounts receivable 2,866 11,008
Inventory (1,851) (1,178)
Prepaid expenses and other current assets 1,905 (8,902)
Feature film production assets (7,358) (27,343)
Accounts payable (4,194) 937
Accrued expenses and other liabilities (1,568) (10,882)
Deferred income (11,864) 6,443
——— ———
Net cash provided by operating activities 47,805 27,908
——— ———
INVESTING ACTIVITIES:
Purchase of property and equipment and other assets (10,466) (9,130)
Proceeds from infrastructure incentives – 4,130
Purchase of short-term investments (33.472) (88,343)
Proceeds from sales or maturities of investments 25,314 59,035
——— ———
Net cash used in investing activities (18,624) (34,308)
——— ———
FINANCING ACTIVITIES:
Repayments of long-term debt (868) (804)
Debt issuance costs (1,844) -
Dividends paid (38,879) (62,598)
Issuance of stock, net 833 961
Proceeds from exercise of stock options – 695
Excess tax benefit from stock-based payment arrangements 138 2,723
——— ———
Net cash used in financing activities (40,620) (59,023)
——— ———
NET DECREASE IN CASH AND CASH EQUIVALENTS (11,439) (65,423)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 69,823 149,784
——— ———
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 58,384 $ 84,361
========= =========
WWE
Supplemental Information – EBITDA
(in thousands)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2011 2010 2011 2010
——— ———- ——— ———
Net income reported on U.S. GAAP basis $ 10,591 $ 14,337 $ 33,461 $ 45,325
Provision for income taxes 4,984 7,290 16,760 22,648
Investment, interest and other expense (income), net 328 (1,359) (130) (129)
Depreciation and amortization 3,593 3,211 10,872 8,461
EBITDA $ 19,496 $ 23,479 $ 60,963 $ 76,305
========= ========== ========= =========
Non-GAAP Measure:
EBITDA is defined as net income before investment, interest and other expense/income, income taxes, depreciation and amortization. The Company’s definition of EBITDA does not adjust its U.S. GAAP basis earnings for the amortization of Feature Film production assets. Although it is not a recognized measure of performance under U.S. GAAP, EBITDA is presented because it is a widely accepted financial indicator of a company’s performance. The Company uses EBITDA to measure its own performance and to set goals for operating managers. EBITDA should not be considered as an alternative to net income, cash flows from operations or any other indicator of WWE’s performance or liquidity, determined in accordance with U.S. GAAP.
WWE
Supplemental Information – Schedule of Adjustments
(in millions)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2011 2010 2011 2010
———- ———- ———– ———–
Profit contribution $ 44.0 $ 47.8 $ 144.4 $ 156.6
Adjustments (Added back):
Film Impairment Charges 5.1 – 11.2 -
Adjusted Profit contribution $ 49.1 $ 47.8 $ 155.6 $ 156.6
==== ==== ==== ==== ==== ===== ==== =====
Selling, general and administrative expenses 24.5 24.3 83.4 80.3
Adjusted Selling, general and administrative expenses $ 24.5 $ 24.3 $ 83.4 $ 80.3
==== ==== ==== ==== ==== ===== ==== =====
Depreciation and amortization 3.6 3.2 10.9 8.5
Adjustments (Added back):
Infrastructure tax credit – - – 1.6
Adjusted Depreciation and amortization $ 3.6 $ 3.2 $ 10.9 $ 10.1
==== ==== ==== ==== ==== ===== ==== =====
Operating income $ 15.9 $ 20.3 $ 50.1 $ 67.8
==== ==== ==== ==== ==== ===== ==== =====
Adjusted Operating income $ 21.0 $ 20.3 $ 61.3 $ 66.2
==== ==== ==== ==== ==== ===== ==== =====
Depreciation and amortization (Added back) 3.6 3.2 10.9 8.5
Adjusted Depreciation and amortization (Added back) 3.6 3.2 10.9 10.1
EBITDA $ 19.5 $ 23.5 $ 61.0 $ 76.3
==== ==== ==== ==== ==== ===== ==== =====
Adjusted EBITDA $ 24.6 $ 23.5 $ 72.2 $ 76.3
==== ==== ==== ==== ==== ===== ==== =====
Non-GAAP Measure:
Adjusted Profit contribution, Adjusted Selling, general and administrative expenses, Adjusted Operating income and Adjusted EBITDA exclude certain material items, which otherwise would impair the comparability of results between periods. These should not be considered as an alternative to net income, cash flows from operations or any other indicator of WWE’s performance or liquidity, determined in accordance with U.S. GAAP.
WWE
Supplemental Information – Schedule of Adjustments
(in millions, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2011 2010 2011 2010
———— ———— ———— ————
Operating income $ 15.9 $ 20.3 $ 50.1 $ 67.8
Adjustments (Added back):
Film impairment charges 5.1 – 11.2 -
Infrastructure tax credit – - – (1.6)
Adjusted Operating income $ 21.0 $ 20.3 $ 61.3 $ 66.2
==== ====== ==== ====== ==== ====== ==== ======
Investment, interest and other expense, net (0.3) 1.4 0.1 0.1
Adjusted Income before taxes $ 20.7 $ 21.7 $ 61.4 $ 66.3
==== ====== ==== ====== ==== ====== ==== ======
Adjusted Provision for taxes (6.6) (7.4) (20.3) (21.9)
Adjusted Net income $ 14.1 $ 14.3 $ 41.1 $ 44.4
==== ====== ==== ====== ==== ====== ==== ======
Weighted average common shares outstanding:
Basic 74,328 74,576 74,142 74,372
====== ====== ====== ======
Diluted 74,707 75,325 74,740 75,263
====== ====== ====== ======
Adjusted Earnings per share:
Basic $ 0.19 $ 0.19 $ 0.55 $ 0.60
==== ====== ==== ====== ==== ====== ==== ======
Diluted $ 0.19 $ 0.19 $ 0.55 $ 0.59
==== ====== ==== ====== ==== ====== ==== ======
Non-GAAP Measure:
Adjusted Operating income and Adjusted Net income exclude certain material items, which otherwise would impair the comparability of results between periods. These should not be considered as an alternative to net income, cash flows from operations or any other indicator of WWE’s performance or liquidity, determined in accordance with U.S. GAAP.
WWE
Supplemental Information – Free Cash Flow
(in thousands)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2011 2010 2011 2010
——- ——- ——- ——-
Net cash provided by operating activities $ 8,487 $ 2,959 $ 47,805 $ 27,908
Less cash used in capital expenditures:
Purchase of property and equipment (3,587) (2,444) (8,683) (9,070)
Proceeds from infrastructure incentives – - – 4,130
Purchase of other assets (99) – (1,783) (60)
Free Cash Flow $ 4,801 $ 515 $ 37,339 $ 22,908
==== ======= ==== ======= ==== ======= ==== =======
Non-GAAP Measure:
We define Free Cash Flow as net cash provided by operating activities less cash used for capital expenditures. Although it is not a recognized measure of liquidity under U.S. GAAP, Free Cash Flow provides useful information regarding the amount of cash our continuing business is generating after capital expenditures, available for reinvesting in the business and for payment of dividends.
DIRECT LINK: New Pics of Maryse, Her Sister and The Miz Dressed Up for Halloween!
More details about the WWE suspension of Evan Bourne
WWE announced on Tuesday that have suspended player Evan Bourne for 30 days effective immediately for his first violation of the well-being of the company talent programme.
WWE issued a press release saying: "in accordance with its talent wellness program WWE has suspended Matthew Bourne (Evan Bourne) for 30 days effective immediately for his first violation of the policy of the company."
Bourne suspension was not unexpected, because he was summoned to a meeting with officials of the WWE SuperShow raw on Monday in Atlanta (Georgia) on a recent violation of his substance abuse and drug testing policy (a component of the talent wellness program), according to corporate.wwe.com, "prohibiting the use of drugs by talent for other than a legitimate medical purpose pursuant to a prescription of a physician and validly licensed".
WWE employees were surprised that he and Kofi Kingston do not lose the Tag Team Championship on Raw. Now hopes that the duo Tuesday SmackDown titles bandage placed in Greenville, South Carolina from his suspension had been announced publicly.
Many WWE performers believe the recent rash of suspensions is linked to the talent wellness program administers cracking down the use of synthetic cannabis, which was added to the list of substances banned in June. Sold under the names of mark K2 and spices, the substance was banned at least one year effective March 01, 2011 the DEA so they could study more thoroughly their effects and decide if a permanent ban is necessary.
Bourne is the third performer WWE being suspended last month, Darren Young and Heath Slater following.
(Almost) List of all WWE photos of Evan Bourne with his girlfriend drug suspensions
Source: F4WOnline.com
Mick Foley’s WWE Return Revealed?, Details
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The following is from the official website of Boston’s TD Garden:
FINALLY THE ROCK COMES BACK TO BOSTON!
A SPECIAL THREE HOUR EDITION OF WWE MONDAY NIGHT RAW SUPERSHOW AT TD GARDEN.
NEW START TIME OF 7:15 PM.
What will happen when seven time WWE Champion, “the most electrifying man in all of entertainment” The Rock and 10 time WWE Champion John Cena meet in Cena’s hometown?
John Cena, Randy Orton and CM Punk vs. The Miz, R-Truth and Mark Henry in a 6 man tag team match. Also, a special appearance by Mick Foley!
Also see all of your favorite WWE superstars including:
Randy Orton
Mark Henry
Sheamus
Christian
Dolph Ziggler
Kofi Kingston
And More!!!
*Card is subject to change*
Of course, this could change and WWE has not officially confirmed this yet. This is simply the TD Garden’s website hyping the three-hour live RAW telecast.
Additional Details On Tomko's Arrest - Appeared At Pharmacy Days Earlier
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The Florida Times-Union has published additional details regarding former WWE star Tyson Tomko's arrest Monday in St. Augustine, Florida on a felony robbery charge.
At approximately 5:00 p.m. Monday, Tomko entered the CVS Pharmacy at 175 Florida 312 and demanded a pharmacist give him all the 15 mg and 30 mg oxycodone in the safe. The pharmacist told detectives Tomko held his hand under his shirt as if he was pointing something.
He had been in the store two days earlier to ask for the same painkiller, saying he lost his prescription. The pharmacist felt threatened Monday and gave Tomko three bottles with 210 pills.
At approximately 10:00 p.m., deputies were called to a Chili's restaurant at 215 Florida 312 about a person possibly using narcotics in the bathroom. He was arrested after he was found in a handicap stall. A syringe was found in a wastebasket in the bathroom.
Two of the bottles were found at a nearby Carrabba's restaurant, where a man meeting Tomko's description had spent an hour in the bathroom.
The former WWE Superstar was taken to a nearby hospital and subequently transported to a nearby jail, where he was booked for robbery. He remains behind bars in St. Johns County Jail -- bond was set at $7,500.
The full story can be accessed here.
*PHOTOS* Batista's new mohawk ->
Bound for glory update - details of Hulk Hogan vs. Sting, left to Match announced
"The immortal" Hulk Hogan will battle "Icon" Sting in a no disqualification match for the power struggle and survival in impact of fight free at Bound for Glory.
At the end of the episode of this week's impact Wrestling episode it was revealed that if he wins Sting, Hogan delivered control of TNA Sting and Dixie Carter.
TNA has also announced AJ styles to Daniels in an "I quit" match for the pay-per-view, which takes on Sunday, October 16 in the center of the arena in Philadelphia, Pennsylvania. Match the bully Ray vs. Mr. Anderson received a Falls Count Anywhere stipulation.
TNA World Heavyweight Championship Match
Kurt Angle (c) vs. Bobby Roode
No Disqualification match
Hulk Hogan vs. Sting
TNA X Division Championship Match
Austin Aries (c) vs. Brian Kendrick
TNA World Tag Team Championship Match
Mexican America (c) vs ink Inc.
TNA women's Championship Knockout
Winter (c) vs. Madison Rayne Velvet Sky vs. vs Mickie James
Full Metal Mayhem
Jerry Lynn against Rob Van Dam
Falls Count Anywhere Match
Bully Ray vs. Mr. Anderson
I quit Match
AJ styles to Christopher Daniels
VIDEO - Sting fight Kane->
WWE Superstars Cancelled Online – Details
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WWE News and Wrestling News – WZROnline.com – Wrestling Home WZR TwitterWZR FacebookWZR YouTubeColumns ArchiveMedia CenterHeadlines ArchiveStaffPrivacy Policy Home \WWE Superstars Cancelled Online – Details WWE Superstars Cancelled Online – DetailsLast Updated on Friday, 23 September 2011 07:14Written by Ryan ClarkFriday, 23 September 2011 07:14
– Devin Cutting sent this in: The WWE Raw Supershow on Monday, December 12th, 2011 will be held at the Norfolk Scope Arena in Norfolk, Virginia. Go to http://prowrestlingevents.webs.com for info about upcoming wrestling shows worldwide.
– The online version of WWE Superstars has been cancelled. The show had been airing on WWE.com and Youtube.com as well as overseas. There continued to be a declining number of viewers so the company decided to cancel it for now. The series will still air internationally. It is also possible the show will return on the WWE Network once that debuts.
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Reported by Ryan Clark on Friday, September 23 2011- Major SD! Editing, Ref. Out Several Weeks, Abdullah
Reported by Ryan Clark on Friday, September 23 2011- More On Rock/Cena/SSeries Plans, DiBiase’s Posse
Reported by Ryan Clark on Friday, September 23 2011- Major WWE PPV Events Planned For Cable Network?
Reported by Ryan Clark on Friday, September 23 2011- Date & Venue Change For ROH Final Battle 2011
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Details On The Yokozuna Memorial Show - Snitsky To Take On Big Daddy V
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WXW C4 is proud to present the Yokozuna Memorial Show 2:
Gone But Never Forgotten. This show, 10 years in the making will be held at WXW C4's Debut at Harrah's Casino in Chester, PA on Saturday, October 1st and the front office is proud to announce participants from around the world who have contacted the offices asking to pay homage to the memory of the gentle giant.
Just announced for the show: BLK OUT makes their return to WXW C4 when Joker and Sabian show up in a separate Super combative matches! Plus, Ro'z returns to WXW C4 to pay homage to his family member and friend Yokozuna. In addition to that, one of the hottest diva's to come out of the "Arena" will make her WXW C4 debut when Dawn Marie manages her superstar on this star studded show. Who will Dawn Marie associate herself with considering there are so many people on the roster that have a history with her.
Additionally former WWE Light-Heavyweight Champion Gillberg will be in the house!
WWE Hall of Famer Jimmy "Superfly" Snuka will make his return to WXW C4 and Pennsylvania to honor the memory of this late and beloved islander.
In one of the main events there will be a battle of the Giants taking place at Harrah's when Wild Samoan Graduate and Former WWE Superstar "Mean" Gene Snisky returns home to take on the man that Men On A Mission's front man Mo will bring to take on Snisky and that can only be one man: Currently known as Big Daddy VooDoo, AKA WWE's King Mabel aka Viscera!
Additionally, if you didn't know that this is going to be the biggest show in WXW C4 history then you better call somebody because former DX member Road Dogg will be in action at this huge event! Joining him will be another group of wrestlers who will make their way into WXW C4 and they plan on putting the "Xtreme" back into WXW C4! There's only a certain group of people who can do that and that's Philadelphia legends 2 Cold Scorpio, and former ECW World Champions The Sandman and "The King Of Old School" Steve Corino, Mikey Whipwreck! What's going to happen when these 4 Extreme Superstars step back into a ring in the greater Philadelphia region?
The next group of Superstars to be announced will be sure to put on "non stop action" when they step into the ring as they make their return to WXW C4 and that's The Notorious 187 Homicide and former member of Da Hit Squad Dan Maff! Additionally rumors have been flying that the New Jersey Kliq will make their presence felt when they return with the one and only Tommy Fierro.
Last but certainly not least, in action will be members of the Anoa'i family including Afa Jr aka WWE Superstar Manu and making their return as a tag team for the first time in a WXW C4 ring will be the former WWE Tag Team Champions Samu and Fatu aka Rikishi, "The Headshrinkers"!
Where else will you see a Supercard of this proportions? The only place will be on October 1st inside a WXW C4 Ring at Harrah's Casino at Chester in honor of the memory of the late great Yokozuna. For more information stay tuned to wxwc4.com and Blast TV each week on Service Electric TV 2 and Blue Ridge Cable TV and online. This will be a Blast TV taping with GA Tickets being $15, Ringside $25 and VIP is now SOLD OUT so be sure to buy your tickets as soon as possible before we sell out! Tickets can be purchased at the door, or at the gift shop of Harrah's Casino in Chester.
NOW ADDED 630 PM MEET AND GREET PASSES
FOR $20.00 PLUS THE PRICE OF ADMISSION
AVAILABLE AT THE DOOR!!
AFTER PARTY AT THE C-BAR LOUNGE ON THE CLUB LEVEL
MUST BE 21 YEARS OR OLDER FOR THE AFTER PARTY!!
Card Subject To Change
More info visit: www.wxwc4.com
Spoilers: More Details on the Graphic Angle at This Week's WWE SmackDown Tapings
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- As noted in Tuesday's WWE SmackDown spoiler report from Dayton, Ohio, Cody Rhodes was busted open bad in his match against Randy Orton. Cody was actually busted open with a shot from the timekeeper's bell, not his own mask.
In a rare WWE scene these days, pools of bloods were puddled up around the ring where most of the assault took place and Cody was covered in blood, from his head to his legs.
The announcer's table ended up covered in blood also as it didn't break when Orton hit Cody with an RKO on top of it.
Officials used a pile of towels to clean up all of the blood that Rhodes lost. The match will have to be heavily edited for tomorrow's SmackDown broadcast. Word is that the camera work during the bloody angle was mostly focused on Orton's face and not showing Rhodes at all.
VIEW NOW: 22 New Bloody, Insane Photos of a Scary Cody Rhodes, Randy Orton and the Smashed SmackDown Set... WOW!
Source: Wrestling Observer Newsletter
Breaking New Details On Matt Hardy’s Drug Arrest
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WWE News and Wrestling News – WZROnline.com – Wrestling Home WZR TwitterWZR FacebookWZR YouTubeColumns ArchiveMedia CenterHeadlines ArchiveStaffPrivacy Policy Home \Breaking New Details On Matt Hardy’s Drug Arrest Breaking New Details On Matt Hardy’s Drug ArrestLast Updated on Tuesday, 20 September 2011 05:57Written by Ryan ClarkTuesday, 20 September 2011 05:57
We noted earlier that former WWE and TNA star Matt Hardy was arrested last Wednesday (9/14). TMZ.com has released more details including the arrest warrant obtained by police.
Here are the new details:
Rebecca ‘Reby Sky’ Reyes, Matt Hardy’s real-life girlfriend, made the 911 call. She told dispatchers that Matt was “strung out on pills” and needed help ASAP.
Matt had “trouble speaking” and was “very unsteady on his feet” when police arrived at his house. The police state that Matt didn’t smell of alcohol. The officer was then led to believe that Hardy was under the influence of “some type of unknown impairing substance other than alcohol.” Cops then called EMT’s and Matt was taken to the First Health of the Carolinas hospital emergency room.
While police were at the house, Reby Sky told them that Matt had a safe in the house that contained “numerous Vicodin pills”. She told police that Matt did not have a prescription for the pills. She then gave police the keys to the safe.
According to the police report, cops seized the following items from Matt’s home:
(1) Empty Small Round Glass Containers of Blue Locus Extract
(2) Handwritten Note
(3) Vials of Liquid Substance
(4) Vial of Powder Substance
(5) Syringes
(6) Empty K2 Smoke Blend Packet
(7) $1,961 US Currency
(8) Small Blue Pill
It should be noted that the rehab video was made AFTER this latest arrest. It’s likely a case of taking the steps now so that when he gets to court he can use the rehab over jail defense. Nonetheless, he’s apparently taking the proper steps to get himself clean.
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Reported by Ryan Clark on Tuesday, September 20 2011- Kelly Kelly Joins Facebook, HBK Note, Rosa/SD!
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This Week’s WWE RAW Rating Rises – Details
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WWE News and Wrestling News – WZROnline.com – Wrestling Home WZR TwitterWZR FacebookWZR YouTubeColumns ArchiveMedia CenterHeadlines ArchiveStaffPrivacy Policy Home \This Week’s WWE RAW Rating Rises – Details This Week’s WWE RAW Rating Rises – DetailsLast Updated on Tuesday, 20 September 2011 06:51Written by Ryan ClarkTuesday, 20 September 2011 06:51
Last night’s 9/19 WWE Monday Night Raw drew a 3.0 cable rating, with 4.32 million viewers. The first hour drew 4.4 million viewers, while the second hour drew 4.2 million viewers.
Both hours ended up at No. 3 and No. 4 for the night behind the “Roast of Charlie Sheen” (No. 2) and “Monday Night Football” on ESPN (No. 1).
This is up from last week’s lower 2.72 rating, which had been the lowest non-holiday rating for a Raw since December of 1997.
We’ll be talking the latest breaking news on the Matt Hardy situation on tonight’s WZR Radio. Please join us at 8EST for the latest details. The live links will be posted here on the website. There is also currently a LIVE WWE & TNA **SPOILER** and WZR Radio chatroom in progress at http://www.wzronline.com/chat/
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John Cena Addresses Anti-Cena Criticism – Details
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WWE News and Wrestling News – WZROnline.com – Wrestling Home WZR TwitterWZR FacebookWZR YouTubeColumns ArchiveMedia CenterHeadlines ArchiveStaffPrivacy Policy Home \John Cena Addresses Anti-Cena Criticism – Details John Cena Addresses Anti-Cena Criticism – DetailsLast Updated on Tuesday, 20 September 2011 06:58Written by Ryan ClarkTuesday, 20 September 2011 06:58
John Cena posted the following on Twitter in a response to criticism following his WWE Title win at Night of Champions:
Message to the dark side. If change is what u truly want…then use your voice. FOLLOW @ZackRyder u claim there are SO many of u…..
But 200k is not even close to enuff to prove your case. Let your voice be heard. FOLLOW @ZackRyder #sevenfigurebroski
WHEN he gets to a million…cats and dogs..living together…mass hysteria! Instead of complaining …do something FOLLOW @ZackRyder
Cause I believe in those who support me..and right now..there’s LOTS of US. So until u do something to prove otherwise the CHAMP IS HERE!
Now..CeNation. thank u so much for all the support thru a VERY critical time. U know I will NEVER give up. #riseabovehate
We’ll be talking the latest breaking news on the Matt Hardy situation on tonight’s WZR Radio. Please join us at 8EST for the latest details. The live links will be posted here on the website. There is also currently a LIVE WWE & TNA **SPOILER** and WZR Radio chatroom in progress at http://www.wzronline.com/chat/
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Jeff Hardy back Court today - details
Today at 2 P.m. ET, Jeff Hardy to appear for a hearing in Moore County Superior Court with regard to the ongoing criminal proceedings against him from his arrest in September 2009.
The case has been continued several times for various reasons.
CommentsOther latest news - this week the WWE NXT (video), the ROH-TV sound engineerThursday, 8 September 2011 reported by Ryan Clark Jeff Hardy gives Court today - details
Ryan Clark reported news on Jim Ross, Jerry Lawler, Cena/rock/SSeries Thursday, September 8, 2011
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Thursday, September 8, 2011 by Ryan Clark reported Obama name deletes WWE + Linda McMahon rerun
By Ryan Clark reported Thursday, September 8, 2011 Kurt Angle lawyer questions Breathalyzer statement
Wednesday, September 7, 2011 by Ryan Clark reported this week raw rating, run blogs, superstars
Wednesday, September 7, 2011 by Ryan Clark reported most notorious layoffs, a ' baddest villain '?
Wednesday, September 7, 2011 by Ryan Clark reported rumor: John Cena vs. Rock ' best of three ' games?
Wednesday, 7 September 2011 by Ryan Clark reported more on Kevin Nash "Release", Keibler/Clooney update
Ryan Clark on Wednesday, September 7, 2011 main reports menu home ofWZR TwitterWZR FacebookWZR YouTubecolumns archive media centre Headlines ArchiveStaffPrivacy directive advertising:
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WWE Executive is leaving the company - details
Source: Pwinsider
WWE Executive Vice President of digital media is no longer with the company.
Kalinowski had been active since 2007 in the WWE. No reason is currently known for his departure.
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New details of the game revealed to WWE ' 12, Maryse & Miz headed for Germany
-The Miz and Maryse turned to Germany soon to do promotional work for the new video WWE ' 12 game.
-Eric submitted lists of words that a new IGN article about the game of WWE ' 12 the following characteristics to be included. It was noted that still have not revealed many, many more features.
* More than 80 matches configurations, including four Extreme Rules matches, Elimination Chamber, and more.
* A 12-hour road to WrestleMania history mode.
* 10 ways to create how to create an Arena.
* Game online and share content where you can download another player creations.
* More than 70 characters, and unlockable in more than 60. There will be a key to unlock available that it gives access to all content extra.
Direct link: 42 new WWE ' 12 images: Divas, hell in a cell, Zack Ryder, CM Punk & more!
More details about the alleged aggression by Heath Slater during the weekend of WrestleMania
-The Atlanta Journal Constitution has an article today about the guard claims security Corinne Oliver against Heath Slater weekend of WrestleMania 27 in Atlanta. Oliver said that she had had back pain from Slater supposedly in a chokehold and tried for taking her in his hotel room.
WWE is keep away from the situation. "The alleged victim is to make claims against Slater individually, and it is being investigated," WWE spokesman Jerry McDevitt said. "This has nothing to do with the WWE."
According to a report by the police, the alleged assault occurred between 4 and 5 in the morning on April 4 at the Hyatt Regency Hotel in Atlanta, the day after WrestleMania. Police are still investigating the matter and they have not been charges against Slater.
"Basically it says that [Slater] approached him and asked him to go to his room," said Oliver laywyer. "She said that no." He started telling her she was beautiful and kind stuff. Following who knows in a chokehold, and was dragging him and it folded back, trying to put it in the elevator to his room. "Violently had to fight to get his arm around her neck."
The woman, who is still employed by Allied Barton security, said immediately to your supervisor. After months of inactivity by their bosses, the women presented a report of police on 22 June. His lawyer says he established contact with police after supervisors told him months ago that will handle the situation.
Direct link: Hot new Pic of Beth Phoenix Natalya & together in Hollywood!
New details and WWE Brawl game Trailer
-A trailer has been released online for a new video game WWE called WWE Brawl. The game is apparently scheduled for release in 2012. As you can see, it is similar to WWE Superstars John Cena and The Undertaker.
WWE filed a demand for a registered trademark of "wwe Brawl" return in early 2010. WWE is calling this one of its most ambitious game yet. It has a theme of any ring and without rules. It will be "WWE Superstars turned real strong". The game will feature stories and various modes. Details of the game were revealed this year at the Summit of the WWE business partners.
The game will have ancillary benefits of a new WWE cartoon series, Mattel toys and other products.
Here is the trailer:
Other new projects WWE revealed, new star of the WWE in line for a major push to see the new Diva Bikini Pix...
Details announced at WrestleMania WWE 28 travel packages
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- The following was sent out regarding WrestleMania 28 travel packages:
WWE’s most electrifying event is coming to Miami and you can experience it in style with WrestleMania XXVIII Travel Packages! Be there for the most anticipated match in WWE history when WWE Superstar John Cena and Dwayne “The Rock” Johnson face off at Sun Life Stadium at WrestleMania XXVIII!
For our most loyal fans, you are receiving the package information and pricing before it is released to the public. See below for detailed pricing and package descriptions.
New this year – get guaranteed ringside seats in the first 4 rows with our brand new VIP Package! Also included with the VIP Package, an exclusive VIP stadium entrance – arrive in style and walk the black carpet like WrestleMania royalty. VIP guests enjoy the comfort and convenience of their very own stadium entrance for use by VIP guests ONLY. Also, upon arrival at the stadium, you will be greeted by a WWE Superstar, Diva or Legend welcoming you on-site. You’ll kickoff your evening with this opportunity to snap a photo and capture your moment with a past or present WWE icon. Limited quantities available.
Also this year, as an added benefit included with all WrestleMania XXVIII Travel Packages, round-trip bus transportation will be provided between your hotel location and WrestleMania XXVIII at Sun Life Stadium.
Get ready … WrestleMania XXVIII Travel Packages go on sale to the general public Monday, July 18th at 3:00pm ET. Take part in an exclusive presale Monday, July 18th at 12:00pm ET for those on the WrestleMania Packages mailing list. Then check your inbox on Monday, July 18th for an exclusive link to the presale and get your WrestleMania XXVIII Travel Packages prior to the general public!
WrestleMania XXVIII Travel Packages are on a first-come first-serve basis so don’t delay … mark your calendars now!
See you at WrestleMania XXVIII in Miami!!!
VIP PACKAGE
Each person in this group (maximum four people per group) will receive …
· WrestleMania XXVIII ticket
Seating within ringside floor – rows 1 to 4
Plus collectible chair
Exclusive VIP stadium entrance
Sun Life Stadium
Sunday, April 1, 2012
· Raw ticket (only with 4 night hotel accommodations)
Seating within stadium sections - Level 100
Seating within ringside floor – rows 1 to 4
American Airlines Arena
Monday, April 2, 2012
· Hall Of Fame ticket
Seating within top price level sections
American Airlines Arena
Saturday, March 31, 2012
· WrestleMania Axxess tickets
Choice of one VIP session
Choice of one General Admission session
Miami Beach Convention Center
· Round-Trip Bus Transportation
Downtown Miami Hotel to/from Sun Life Stadium
Sunday, April 1, 2012
· WWE Shop $25 Gift Card
Redeemable only online at http://www.wweshop.com
Each person in this group will share one standard room…
· Downtown Miami Hotel
Check-in Friday, March 30, 2012
Checkout Monday, April 2, 2012 or Checkout Tuesday, April 3, 2012
VIP Package – 3-Night Hotel Accommodations
1 Person - $2,918
2 People - $2,571 per person
3 People - $2,456 per person
4 People - $2,398 per person
VIP Package – 4-Night Hotel Accommodations - Level 100 Raw Tickets
1-Person - $3,219
2-People - $2,762 per person
3-People - $2,610 per person
4-People - $2,534 per person
VIP Package – 4-Night Hotel Accommodations - Ringside Floor Raw Tickets
1-Person - $3,237
2-People - $2,780 per person
3-People - $2,628 per person
4-People - $2,552 per person
PLATINUM PACKAGE
Each person in this group (maximum four people per group) will receive …
· WrestleMania XXVIII ticket
Seating within ringside floor – rows 5 to 12
Plus collectible chair
Sun Life Stadium
Sunday, April 1, 2012
· Raw ticket (only with 4 night hotel accommodations)
Seating within stadium sections - Level 100
Seating within ringside floor – rows 1 to 4
American Airlines Arena
Monday, April 2, 2012
· Hall Of Fame ticket
Seating within top price level sections
American Airlines Arena
Saturday, March 31, 2012
· WrestleMania Axxess tickets
Choice of two General Admission sessions
Miami Beach Convention Center
· Round-Trip Bus Transportation
Downtown Miami Hotel to/from Sun Life Stadium
Sunday, April 1, 2012
· WWE Shop $25 Gift Card
Redeemable only online at http://www.wweshop.com
Each person in this group will share one standard room…
· Downtown Miami Hotel
Check-in Friday, March 30, 2012
Checkout Monday, April 2, 2012 or Checkout Tuesday, April 3, 2012
Platinum Package – 3-Night Hotel Accommodations
1 Person - $2,033
2 People - $1,687 per person
3 People - $1,572 per person
4 People - $1,514 per person
Platinum Package – 4-Night Hotel Accommodations - Level 100 Raw Tickets
1-Person - $2,334
2-People - $1,878 per person
3-People - $1,725 per person
4-People - $1,649 per person
Platinum Package – 4-Night Hotel Accommodations - Ringside Floor Raw Tickets
1-Person - $2,353
2-People - $1,896 per person
3-People - $1,744 per person
4-People - $1,668 per person
GOLD PACKAGE
Each person in this group (maximum four people per group) will receive …
· WrestleMania XXVIII ticket
Seating within floor level – direct central risers
Sun Life Stadium
Sunday, April 1, 2012
· Raw ticket (only with 4 night hotel accommodations)
Seating within stadium sections - Level 100
Seating within ringside floor – rows 1 to 4
American Airlines Arena
Monday, April 2, 2012
· Hall Of Fame ticket
Seating within top price level sections
American Airlines Arena
Saturday, March 31, 2012
· WrestleMania Axxess tickets
Choice of two General Admission sessions
Miami Beach Convention Center
· Round-Trip Bus Transportation
Downtown Miami Hotel to/from Sun Life Stadium
Sunday, April 1, 2012
· WWE Shop $25 Gift Card
Redeemable only online at http://www.wweshop.com
Each person in this group will share one standard room…
· Downtown Miami Hotel
Check-in Friday, March 30, 2012
Checkout Monday, April 2, 2012 or Checkout Tuesday, April 3, 2012
Gold Package – 3-Night Hotel Accommodations
1-Person - $1,541
2-People - $1,195 per person
3-People - $1,080 per person
4-People - $1,022 per person
Gold Package – 4-Night Hotel Accommodations - Level 100 Tickets
1-Person - $1,842
2-People - $1,386 per person
3-People - $1,233 per person
4-People - $1,157 per person
Gold Package – 4-Night Hotel Accommodations - Ringside Floor Raw Tickets
1-Person - $1,861
2-People - $1,404 per person
3-People - $1,252 per person
4-People - $1,176 per person
SILVER PACKAGE
Each person in this group (maximum four people per group) will receive …
· WrestleMania XXVIII ticket
Seating within stadium sections - Level 100
Sun Life Stadium
Sunday, April 1, 2012
· Raw ticket (only with 4 night hotel accommodations)
Seating within stadium sections - Level 100
Seating within ringside floor – rows 1 to 4
American Airlines Arena
Monday, April 2, 2012
· Hall Of Fame ticket
Seating within second price level sections
American Airlines Arena
Saturday, March 31, 2012
· WrestleMania Axxess tickets
Choice of two General Admission sessions
Miami Beach Convention Center
· Round-Trip Bus Transportation
Downtown Miami Hotel to/from Sun Life Stadium
Sunday, April 1, 2012
· WWE Shop $25 Gift Card
Redeemable only online at http://www.wweshop.com
Each person in this group will share one standard room…
· Downtown Miami Hotel
Check-in Friday, March 30, 2012
Checkout Monday, April 2, 2012 or Checkout Tuesday, April 3, 2012
Silver Package – 3- Night Hotel Accommodations
1-Person - $1,209
2-People - $863 per person
3-People - $748 per person
4-People - $690 per person
Silver Package – 4- Night Hotel Accommodations - Level 100 Raw Tickets
1-Person - $1,510
2-People - $1,054 per person
3-People - $901 per person
4-People - $825 per person
Silver Package – 4- Night Hotel Accommodations – Ringside Floor Raw Tickets
1-Person - $1,529
2-People - $1,072 per person
3-People - $920 per person
4-People - $844 per person
DIRECT LINK: New Pic of The Rock Looking Jacked for GI Joe
New details on WWE ' 12, Kelly Kelly, interviewed by the legend of the UFC
The first legend of the ring, Royce Gracie was Convention E3 represents the mark of the UFC, when he met WWE Superstar Alberto del Rio and WWE Diva Kelly Kelly were to promote the new marketing initiative for game THQ WWE ' 12, which replaces the franchise of Raw vs Smackdown.
To see the exclusive photos of meeting of Royce Gracie with the sensational looking for Kelly Kelly and Alberto del Rio, Please click here.
The motto of the new brand marketing is Bigger, Badder, better...
THQ has removed the use of the right stick for moves of lucha libre and they have returned the buttons as the focus of the action of wrestling. The list of controls:
A grapple
(B) - Irish Whip/Pin
X amazing
And - Classifieds
LB action button
RB - limbs "New" system
LT implementation
RT-counters
DPad-teasing
LS-move
RS - opponents of switching position
LT + RT-drag opponent
For those fans who have been playing to the WWE Smackdown vs. Raw games, THQ promises will be easy to get used to these new controls in a short time. Of course, if you prefer, you can return to controls of the past year, but why not go with innovative and progress?
It is also the new system of "Breaking point". THQ has created a virtual mini-game in which you and your opponent step on buttons or move the joystick, measure which completes the word "breaking point". If it fills, it will submit its character. Bye bye beach. Or player! It will also have the ability to drag his body toward the ropes to try to execute a jump rope. Of course, has up to 5 to break the opponent.
Up to now, the new game and mark have fulfilled with stellar reviews. And when the original legend of Octagon Royce Gracie endorses your product, you know that it is something special.
* Update: New details on the future of CM Punk & what has been planned WWE PPV MITB
(Source: HeymanHustle.com)
New details on SmackDown stolen in South Africa stars
Today, gathered up in the story that most SmackDown crew baggage had broken into yesterday while they were on a flight to Cape, South Africa town.
Daily live times of South Africa has picked up in the history and includes new details about the robbery.
John Langford, Chief Operating Officer of great concerts: the promoters of the South African tour the WWE - said when the luggage came out of the carousel, the WWE talent found that they had broken their bags.
"The bags that had locks on them had been objective," he said. "They stole everything from clocks GPS [sailors] - things that had financial and sentimental value."
Langford says this is embarrassing for South Africa as a country and to "[big concerts] as the organizers."
* Exclusive Backstage news on CM PUNK & REY MYSTERIO in the WWE future
(Source: TimesLive.co.za)
