WWE sacrificed 28 wrestlers and backstage talent on Wednesday all in the name of WWE’s stock.
That sounds crude, but it’s true.
WWE announced today that 28 individuals were fired. More full-time employees would be furloughed or laid off and construction on the company’s new headquarters has halted as well. The savings for WWE is about $4 million per month, they bragged in a press release.
That $4 million per month sounds like a lot … until you realize WWE has $90 million in cash on hand and has upwards of $500 million available if they maximized everything and extended all of their credit lines.
The cuts were, of course, blamed on coronavirus.
But make no mistake about it, these cuts were made for one reason and one reason only … to protect WWE’s stock price. The moves were made to protect profit margin. It affected a lot of lower-card talents, some of whom...
That sounds crude, but it’s true.
WWE announced today that 28 individuals were fired. More full-time employees would be furloughed or laid off and construction on the company’s new headquarters has halted as well. The savings for WWE is about $4 million per month, they bragged in a press release.
That $4 million per month sounds like a lot … until you realize WWE has $90 million in cash on hand and has upwards of $500 million available if they maximized everything and extended all of their credit lines.
The cuts were, of course, blamed on coronavirus.
But make no mistake about it, these cuts were made for one reason and one reason only … to protect WWE’s stock price. The moves were made to protect profit margin. It affected a lot of lower-card talents, some of whom...
- 4/16/2020
- by Mike Cecchini
- Den of Geek
WWE.com
The Undertaker is the single most enduring star World Wrestling Entertainment have under contract. At Survivor Series, the iconic character celebrates 25 years in the spotlight. It’s a real testament to the man behind the gimmick, Mark Calaway, that ‘Taker has been around for as long as he has. The gimmick was a product of the cartoon era in the company, so was never guaranteed to be around for such a lengthy period.
This week’s article features a few special facts related to ‘The Deadman’, including both Shawn Michaels and even Savio Vega. Michaels remains one of the best performers The Undertaker has ever worked against, stretching right back to the 1990’s.
On this list, 10 different wrestling-related facts are brought to light. They’re all ones that even the most hardcore of pro wrestling enthusiasts may not have known about last week, which makes them even more magical.
The Undertaker is the single most enduring star World Wrestling Entertainment have under contract. At Survivor Series, the iconic character celebrates 25 years in the spotlight. It’s a real testament to the man behind the gimmick, Mark Calaway, that ‘Taker has been around for as long as he has. The gimmick was a product of the cartoon era in the company, so was never guaranteed to be around for such a lengthy period.
This week’s article features a few special facts related to ‘The Deadman’, including both Shawn Michaels and even Savio Vega. Michaels remains one of the best performers The Undertaker has ever worked against, stretching right back to the 1990’s.
On this list, 10 different wrestling-related facts are brought to light. They’re all ones that even the most hardcore of pro wrestling enthusiasts may not have known about last week, which makes them even more magical.
- 11/20/2015
- by Jamie Kennedy
- Obsessed with Film
WWE.com
2005 was a great year for WWE, with the company creating a bunch of new stars and really delivering consistently when it came to PPV. 2006 was very different from 2005. Fewer stars were made, although the ones that did break through (such as Edge) managed to cement themselves at the top of the card.
The two major storylines from 2006 were Dx’s long dispute with the McMahons and their associates and the return of Ecw as a fully-fledged brand. Speaking of returns, the ultra popular Jeff Hardy came home to WWE after two years in Tna. Ostensibly over his drug issues, Jeff was given a big push on Raw.
While there were returns, there were also departures. Trish Stratus and Lita, two of the most influential female performers of all-time, left the company within two months of each other. The way they were written out of the storylines was markedly different,...
2005 was a great year for WWE, with the company creating a bunch of new stars and really delivering consistently when it came to PPV. 2006 was very different from 2005. Fewer stars were made, although the ones that did break through (such as Edge) managed to cement themselves at the top of the card.
The two major storylines from 2006 were Dx’s long dispute with the McMahons and their associates and the return of Ecw as a fully-fledged brand. Speaking of returns, the ultra popular Jeff Hardy came home to WWE after two years in Tna. Ostensibly over his drug issues, Jeff was given a big push on Raw.
While there were returns, there were also departures. Trish Stratus and Lita, two of the most influential female performers of all-time, left the company within two months of each other. The way they were written out of the storylines was markedly different,...
- 10/15/2015
- by Lewis Howse
- Obsessed with Film
Stereotypes: it’s what the wrestling business has always thrived on. There’s no easier way to get a fast reaction out of a fan than to throw a stereotype their way, and if you can capitalise on ‘real world’ events at the same time, even better.
The ‘foreign menace’ heel has been around wrestling since time began. After the Second World War, a variety of German heels such as Fritz Von Erich (Jack Adkisson, an American), Hans Schmidt (Guy Larose, Canadian) and Baron Von Raschke (Jim Raschke, another American) were top of the bill all the way into the 1960s. With the advent of the Cold War came a new troupe of Soviet heels, such as Ivan Koloff (Oreal Perres, Canadian), Krusher Khruschev (Barry Darsow, American) and Boris Zhukov (Jim Harrell, American).
The Gulf War in 1990 saw veteran wrestler Adnan al-Kaissie cash in on his legitimate Iraqi heritage to...
The ‘foreign menace’ heel has been around wrestling since time began. After the Second World War, a variety of German heels such as Fritz Von Erich (Jack Adkisson, an American), Hans Schmidt (Guy Larose, Canadian) and Baron Von Raschke (Jim Raschke, another American) were top of the bill all the way into the 1960s. With the advent of the Cold War came a new troupe of Soviet heels, such as Ivan Koloff (Oreal Perres, Canadian), Krusher Khruschev (Barry Darsow, American) and Boris Zhukov (Jim Harrell, American).
The Gulf War in 1990 saw veteran wrestler Adnan al-Kaissie cash in on his legitimate Iraqi heritage to...
- 3/9/2014
- by Dean Ayass
- Obsessed with Film
Here it is ... the incredible video of former WWE star Shawn Daivari literally choking the piss out of an unruly train passenger who allegedly threatened to kill a guy on board.... And It's Awesome!! TMZ broke the story ... Shawn was riding on a train en route to the Minneapolis-St. Paul International Airport back in September ... when an allegedly drunk man started talking smack to one of the passengers. Daivari says the man was shouting racial...
- 10/18/2012
- by TMZ Staff
- TMZ
We would have gone with a pile driver, but his move was Ok, too.
Former WWE star Shawn Daivari told TMZ that he performed an expert wrestling move and saved the day when a passenger went berserk on an airport-bound train out of Minneapolis on Thursday.
The perp reportedly threatened to kill everyone on the train and was yelling racial slurs, but Daivari wasn't having that. He says he used a rear naked choke hold -- classic move -- to subdue the would-be killer.
He told the site it was all he could think to do at the time. He and other passengers had pressed an emergency button to call for help, but nobody came.
"I wasn't going to wait any longer to see if a cop showed up," Daivari said.
Witnesses said Daivari squeezed the violent passenger's neck so hard he peed his pants. Then the wrestler threw the...
Former WWE star Shawn Daivari told TMZ that he performed an expert wrestling move and saved the day when a passenger went berserk on an airport-bound train out of Minneapolis on Thursday.
The perp reportedly threatened to kill everyone on the train and was yelling racial slurs, but Daivari wasn't having that. He says he used a rear naked choke hold -- classic move -- to subdue the would-be killer.
He told the site it was all he could think to do at the time. He and other passengers had pressed an emergency button to call for help, but nobody came.
"I wasn't going to wait any longer to see if a cop showed up," Daivari said.
Witnesses said Daivari squeezed the violent passenger's neck so hard he peed his pants. Then the wrestler threw the...
- 10/2/2012
- by The Huffington Post
- Huffington Post
Former WWE Star Shawn Daivari says he used a Rear Naked Choke Hold to save a train full of people last week ... after an unruly passenger allegedly threatened to kill them. TMZ spoke to Daivari ... who says the incident went down last Thursday on an airport bound train from Minneapolis. The WWE star says an uncontrollable passenger in his car became violent ... shouted racial slurs and threatened to kill his fellow passengers. Daivari says multiple...
- 10/2/2012
- by TMZ Staff
- TMZ
Electus announced today that Oscar and Emmy Award-nominated director/producer Morgan Spurlock’s new documentary film Mansome will be distributed theatrically by Paladin. The hilarious look at men’s identity through the exploration of male grooming habits, which is scheduled to have its world premiere at the 2012 Tribeca Film Festival on April 21st, will open in limited release in several major cities nationwide including New York and Los Angeles beginning May 18th. Written, directed and produced by Morgan Spurlock (Super Size Me, The Greatest Movie Ever Sold) and executive produced by DumbDumb co-founders Will Arnett, Jason Bateman and Electus Founder Ben Silverman, Mansome marks Arnett and Bateman’s first executive producer credits.
In the age of manscaping, metrosexuals, fancy men’s day spas, and high-end grooming products galore, Mansome is a witty, provocative and highly-entertaining glimpse into what it means to be a man in a world where the definition...
In the age of manscaping, metrosexuals, fancy men’s day spas, and high-end grooming products galore, Mansome is a witty, provocative and highly-entertaining glimpse into what it means to be a man in a world where the definition...
- 4/4/2012
- by Michelle McCue
- WeAreMovieGeeks.com
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