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Match Announced For SmackDown, Update On Paul Bearer, More

10

— As seen last night on SmackDown, MVP become the No. 1 contender to the Intercontinental Championship after defeating “Dashing” Cody Rhodes and Drew McIntyre in an Intercontinental Championship Qualifying Match. Next week, MVP will face Intercontinental Champion Dolph Ziggler in a title match on SmackDown.

— Thursday’s episode of WWE Superstars on WGN America scored a 0.64 cable rating, with 639,000 viewers. The midnight replay drew a 0.2 cable rating, with 174,000 viewers. (source: PWInsider.com)

— Paul Bearer stated on his Twitter account that he is solely being used for television and pay-per-view events—no house shows. He will be flying to England for Tuesday’s SmackDown taping and returning stateside the next day.

Mind Behind Bryan’s “Nerd” Character, Bourne Hopeful For WM

10

— The unique manner in which Daniel Bryan is being promoted on television — as a “nerd” character — is the brainchild of Vince McMahon. When Michael Cole chastises the United States Champion over commentary, it’s largely the WWE Chairman feeding Cole lines than Cole developing his own insults.

— Evan Bourne is hopeful to return to the ring in time for WrestleMania after undergoing surgery on his shoulder. He is expected to be sidelined until at least February.

— Jerry Lawler’s flight to Minneapolis for Bragging Rights caught on fire and had to make an emergency landing in Syracuse, New York. The WWE Hall of Famer made mention of it during the pay-per-view broadcast.

source: Wrestling Observer Newsletter

When Nexus Will Be Broken Up, Latest Name Discussed For HOF

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— The November programming schedule for WWE Classics on Demand has been released here.

— J.J. Dillon’s name has been discussed for induction into next year’s WWE Hall of Fame class. Should it occur, it is expected that he would be inducted with the Four Horsemen as a group rather than by himself.

— WWE’s creative department has discussed keeping The Nexus together through WrestleMania and then splitting the group via the annual Draft in April.

source: Wrestling Observer Newsletter

Gross Amount For Knucklehead, Former WWF Announcer Dies

5

— Michael Porter, who worked as a ring announcer for World Wrestling Federation live events in the West Coast from 1988 to 1993, died on Oct. 23.

His cause of death has yet to be disclosed, but it is said that he was having heart problems.

— While the exact gross amount for the two-day theatrical release of WWE Studios’ Knucklehead has yet to be disclosed, the film reportedly garnered less than $1,000 total.

It is said that company officials did not expect to make much money off the film at the box office due to it basically being a straight-to-video release. The film was given a limited release in theaters to ward off the perception.

source: Wrestling Observer Newsletter

TNA In Talks With Serena, 80s Star Offered Producer Job, More

10

— Attendance for this past week’s TNA Wrestling live event tour was dubbed “horrible,” especially considering that World Heavyweight Champion Jeff Hardy headlined the cards. Thursday in Sedalia, MO drew 600, Friday in Springfield, MO drew 300, and Saturday in West Plains, MO drew 500.

— Ricky Morton of Rock ‘n’ Roll Express fame is strongly hinting on his Facebook account that he’s headed to TNA Wrestling. He has been offered a job as a producer. It is said that the 80s tag team star would assist talent in structuring matches, but would have no creative input in finishes.

— TNA Wrestling officials have had discussions with former WWE performer Serena Deeb in regards to joining the organization.

source: Wrestling Observer Newsletter

Belief Within WWE That The Product Is Suffering, Ryan Touring

11

— WWE’s creative department has not been getting much face time with Vince McMahon in recent weeks due to Linda McMahon’s U.S. Senate campaign. A number of people within the organization feel Vince has become obsessed with his wife’s political race, resulting in the television product suffering.

— FCW Florida Heavyweight Champion Mason Ryan worked the opening night of SmackDown’s eleven-day live event tour of Europe, beating Chavo Guerrero Thursday night in Belfast, Ireland. The developmental wrestler also worked a dark match at Tuesday’s SmackDown taping in Bridgeport, Connecticut, defeating Trent Barreta.

Finlay is also touring with the brand. He beat Tyler Reks in the opening match of the Belfast event.

sources: Pro Wrestling Torch, PWInsider.com

Anderson Confirms Return Date, Wrestler Removed From Roster

0

— Mr. Anderson told Live Audio Wrestling that he will miss Sunday’s Turning Point pay-per-view and subsequent iMPACT! tapings, but will return to the ring on Nov. 12 for a live event in Nashville, Tennessee.

He was sidelined after suffering a concussion from a chair shot he received from Jeff Hardy last month at an iMPACT! taping.

In a separate note, his wife underwent ankle surgery on Oct. 27.

— The official TNA Wrestling website has removed Suicide from its roster page.

The video game based character was portrayed by Frankie Kazarian, Christopher Daniels and Kiyoshi during its two year run.

The character last appeared on June 14 in a bout taped for Xplosion.

source: Pro Wrestling Torch

Hall Undergoes Pacemaker Surgery, Diva Says She’s Drug-Free

5

— Scott Hall is hospitalized after undergoing surgery to implant a pacemaker in his heart. Sid Vicious discussed Hall’s health during an interview Wednesday night with www.ringsideradio.com:

“His condition is this, I think everybody knows a little about, he just received a little thing in his heart where it monitors his heart beat and if it gets too low it kicks his heart back in because of some of the medication he has been on and because of this heart deal he has been having a few seizures. That is why he has been in the hospital the last couple of days. One thing is he has told me and the people around him, I forgot how many hits he had for his birthday, those things right there. Those are the things that people like me and Scott, of all the things I cherish in this business are things like that…I know all the comments and all the great feedback he got for his birthday and about his condition has been good. I hope people keep that up.”

— Beth Phoenix wrote a message Thursday on Twitter praising WWE’s drug testing policy and noting she herself is drug-free.

“The WWE Wellness Policy is such an important part of our company. I am very proud to be a healthy drug-free athlete,” The Glamazon wrote. “I want young female athletes to know you CAN be the best and lead a healthy lifestyle. Make smart choices for your future.”

WWE In Talks With The Rock, Layla’s Reaction To BP Sign, More

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— WWE officials are in talks with former talent Dwayne “The Rock” Johnson regarding a possible appearance to promote his latest feature film, Faster, which hits theaters on Nov. 24.

The WWE website is currently serving numerous banner ads promoting the action thriller drama.

— According to a fan in attendance at last night’s SmackDown live event in Belfast, Ireland, Layla acknowledged his sign putting over TNA Wrestling’s “Beautiful People” group by airing a disgusted look on her face once it was brought to her attention. The sign read “Beautiful People > Lay-cool.”

— The WWE Smackdown taping on February 8, 2011 will be held at the Resch Center in Green Bay, Wisconsin. Tickets go on sale November 13, 2010.

AJ Styles Babyface Turn Nixed, Two TNA Live Events Canceled

7

— TNA Wrestling’s original creative plans called for AJ Styles to turn babyface to replace the injured Mr. Anderson as Jeff Hardy’s opponent at Turning Point, but they instead went with Matt Morgan.

Some have questioned whether Morgan’s turn will culminate with a finish similar to Kevin Nash lying down for Hulk Hogan during match on a 1999 episode of WCW Monday Nitro, but the belief is that he will be a face going forward.

— TNA Wrestling has canceled live events scheduled for Nov. 19 in Evansville, Indiana and Nov. 20 in Indianapolis, reportedly due to lackluster ticket sales. The only events scheduled past those dates for the remainder of the year are iMPACT! television tapings and the Final Resolution pay-per-view in December.

It is said that live event attendance has been “way down” since Bound for Glory.

sources: Pro Wrestling Torch, f4wonline.com

Kendrick Says He Hates Wrestling At times, Comments On 9/11

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TNA Wrestling has posted online the latest episode of its Spin Cycle web series, which features Rob Van Dam, Brian Kendrick, Mickie James and Douglas Williams as panelists, with Jeremy Borash hosting. The wrestler formerly known as “The Brian Kendrick” notably remarked his hidden secret, his hatred for finisher maneuvers, and his conspiracy theory for 9/11.

In response to the topic of the premiere finishing maneuver in the company, Kendrick replied, “I think the idea of having a move to finish someone off with is silly to begin with. You know what I mean?

“I’m going to wait to hit you with my speciality move, then you’ll be knocked out.”

On the topic of hidden secrets, Kendrick said that at times, he really hates being a professional wrestler.

“My hidden secret is sometimes I hate wrestling so much,” he revealed.

“I was lying in bed last night and I couldn’t move my knee. I just started crying. I had to wrestle a dark match because of all the stupid politics. And I just hate being a wrestler so much sometimes that I just want to slap myself in the face for being so stupid.”

He later issued his conspiracy theory for 9/11, calling it “an inside job.”

To view the episode, click here.

WWE Rep Comments On Austin Rumor, Jackson Denies Report

5

— Regarding Jeff The Drunk’s claim on The Howard Stern Show that he and “Stone Cold” Steve Austin would appear as guest celebrities on the Dec. 27 Raw in Albany, NY, a WWE representative said, “I think this is one of the reasons why Stern calls him Jeff The Drunk”.

— The first SmackDown taping of 2011 will take place on Tuesday, Jan. 4 at the Tucson Arena in Tucson, Arizona.

— Ezekiel Jackson denied reports that he suffered an injury during a match at Wednesday’s Raw live event in Nice, France, writing on Twitter, “not true.”

Hulk Hogan Denies Flashing His Junk In Video

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Earlier this week, we posted a link to a video featuring TNA star Hulk Hogan playing the new “Def Jam Rapstar” video game with his daughter Brooke and allegedly exposing himself. Hogan’s private parts were censored in the video with a black box, but it was pretty apparent exactly what Hogan was doing.

Now, Hogan has gone on Twitter and has responded to the story:

“Be on the lookout for press, from people apologizing and releases of real footage from the video with nothing but good, clean fun”

He added:

“My real friends and fans know what I’m really all about and after 30 years, I’m not about public displays of private parts.”

Whether or not Hogan’s junk actually was exposed under that black censored box – from the video, it’s pretty clear what they were going for.. Check it out below and judge for yourself:

GSP Says He Will KO Or Submit Koscheck At UFC 124

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UFC Welterweight champion Georges St-Pierre is usually not much of a trash talker,  but had the following to say about his upcoming rematch fight with Josh Koscheck at UFC 124 on December 11th ..

“Yeah, I think he’s going to try to put me down. I also think he’s going to try to knock me out with his big right hand but I know him. I’ve been studying so much tape on him, I’ve got to the point where I know Josh Koscheck probably better than he even knows himself. My coaches have been studying him a lot. Being with him on the Ultimate Fighter for eight weeks was a way for me to know him a little bit better as a person and as a fight”

GSP continued:

“I knew how he was before I got there. I think he was like that to get inside my head, and to keep the fans entertained. I don’t think he’s a bad person. In a way, I think that’s his way to motivate himself. He likes to be the bad guy…. [I’ll] win, that’s all I can say. Submission or knockout.”

(Source: MixedMartialArts.com)

JR Blog: Austin Hosting RAW? Lita’s Surprise Return

11

WWE Hall of Famer Jim Ross has updated his blog, which you can read in its entirety at JRsBarBQ.com. Here are some highlights of what JR said about:

Steve Austin Not Hosting RAW? “To the best of my knowledge, Steve Austin has not been officially scheduled to appear on an upcoming Raw as has been reported elsewhere. Steve is preparing to film another movie in Vancouver soon that will take him into December. At that time I assume he will head to his Texas ranch for some R&R and to celebrate the holidays. Jan and I hope to visit Steve and his crew at the Broken Skull Ranch in late December or early January. BTW Steve’s latest movie ‘Hunt to Kill’ is out next week on DVD and it’s a cool, kick ass movie that I really enjoyed. I think that you will too especially if you like to see Stone Cold kick the bad guy’s butt. Good storyline/script that makes for some stout action/adventure.”

Lita Appearing On RAW: “Enjoyed seeing Lita make her cameo on Raw Monday night. She was one of the all time great Divas in WWE and I can still vividly remember her job interview in my WWE office many years ago. I assume she will not come back to WWE full time but, as a fan of her work, it would be nice to see her back for a short run. I think that the team of Trish & Lita vs. Lay Cool, for example, would be a really nice attraction type bout at WM27. Just an idea.”

*SPOILERS* WWE SmackDown Tapings Results For Friday

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WWE SmackDown on Syfy

Credit to reader Nick Fox for sending in this live report of Tuesday’s WWE SmackDown! tapings from Bridgeport, CT:

*Edge vs. Alberto Del Rio goes to a no contest when The Nexus (except Wade Barrett) hits the ring and attacks both. David Otunga says that Nexus are taking over. Kane, Big Show and Rey Mysterio make the save.

* Teddy Long announces a ten man tag tonight: The Nexus vs. Edge, Del Rio, Big Show, Rey Mysterio, & Kane.

* WWE Intercontinental champion Dolph Ziggler defeated JTG. Kaitlyn comes into the ring to celebrate with Dolph but Vickie Guerrero comes out and slaps her. Officials hold the women apart.

*Backstage, Guerrero storms into Teddy Long’s office and demands revenge against Kaitlyn. Long makes the match.

*Backstage, The Nexus attack Rey Mysterio and lay him out. David Otunga says that Wade Barrett is in Great Britain, but they attacked Rey because they can.

*MVP, who had new theme music, defeated Drew McIntyre and Cody Rhodes in a Three-Way to earn an Intercontinental championship match. The former Dashing Ones worked together early but that didn’t last long.

* Vickie Guerrero pinned Kaitlyn.

* Teddy Long announces Kofi Kingston will replace Rey Mysterio tonight.

* Backstage, Kelly Kelly and Kaval congraulate MVP on his win. The Nexus attack Kaval and MVP.

* Tyler Reks pinned Chris Masters.

* Team Smackdown defeated The Nexus.

Linda McMahon Formally Thanks Her Campaign Supporters

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Linda McMahon’s campaign issued the following to her mailing list:

Dear Friend,

It has been my honor and pleasure to have had the opportunity to run for the United States Senate here in Connecticut.

I couldn’t have done it without you. Your faith and trust in me during the past 13 months has meant so very much.

I have thoroughly enjoyed traveling around our beautiful state from the northwest corner, to the quiet corner down along the shoreline and into Fairfield county with points in between. We racked up 52,000 miles on the campaign vehicle but the journey has been a joy.

I am also very proud of the campaign that we have run. Our ground game was tremendous: hardworking volunteers like you knocked on 100,000 doors, made more than 400,000 phone calls and proudly placed countless yard signs in front of your homes and businesses.

My campaign’s focus was on economic recovery and job creation, and today, that same focus must remain the top priority of our newly elected officials. Let us all make sure they have our support for the good of our state and our country.

The United States is the best place to live in and I truly believe we as American’s have a strength and resolve that will pull us through these next few unpredictable years. We must look ahead and bring ourselves to remember as President Ronald Reagan once said, “If you’re afraid of the future, then get out of the way, stand aside. The people of this country are ready to move again.”

Thank you all for your heartfelt support and encouragement. Sincerely,

Linda McMahon

PPV Buyrates Down For 2010’s SummerSlam, MITB & NOC

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As part of its Third Quarter 2010 financial results that were released on Thursday morning, World Wrestling Entertainment released the official pay-per-view buyrates and revenues for the quarter – and no surprise here, they’re down from last year.

WWE’s 3 pay-per-view events from July-September generated $13.6 million which is down 6.2% from $14.5 million in same quarter in 2009. PPV buys were down an alarming 16% from the same quarter last year.

Here is the breakdown:

  • Money in the Bank (July) did 165,000 buys, down from the 267,000 buys that Night of Champions drew in July 2009.
  • SummerSlam (August) did 350,000 buys, down from the 369,000 buys that SummerSlam 2009 drew.
  • Night of Champions (September) did a 165,000 buys, down from the 169,000 buys earned by the Breaking Point in September 2009.

It’s worth noting that WWE raised the price of pay-per-view events by $5 this year .. One could make the argument that the company would have likely sold more PPV events had the price remained lower, but PPV buyrates and overall PPV revenue are down either way.

For more details on WWE’s Third Quarter 2010 financial results, click here.

WWE Announces Third Quarter 2010 Financial Results

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WWE has released its Third Quarter 2010 Financial Results on Thursday morning …

It’s quite interesting to note that WWE Chairman Vince McMahon did not take part in the company’s investor conference call, which he was previously scheduled for.

Here’s the official statement from Corporate.WWE.com:

STAMFORD, Conn.–(BUSINESS WIRE)– World Wrestling Entertainment, Inc. (NYSE:WWENews) today announced financial results for its third quarter ended September 30, 2010. Revenues totaled $109.6 million as compared to $111.3 million in the prior year quarter. Operating income was $20.3 million as compared to $14.5 million in the prior year quarter. Net income was $14.3 million, or $0.19 per share, as compared to $8.9 million, or $0.12 per share, in the prior year quarter. Impacting comparability to the prior year quarter are production tax credits recorded in both current and prior year quarters. Excluding the impact of these credits, Adjusted Operating income was $14.2 million as compared to $12.0 million in the prior year quarter. Adjusted Net income was $10.3 million, or $0.14 per share, as compared to $7.4 million, or $0.10 per share.

“In the third quarter, our results reflected the Company’s continued focus on optimizing business results in a difficult environment,” stated Vince McMahon, Chairman and Chief Executive Officer. “We generated earnings growth despite a decline in revenue across many of our businesses. We believe our ongoing talent transition and the sluggish economy were important factors in these declines. Based on our history of developing talent and creating content with broad appeal, we are confident we can address these creative challenges. Further, by taking advantage of our strategic opportunities, we can achieve meaningful growth.”

Comparability of Results

Excluding the impact of production tax credits, Q3 2010 Adjusted Operating income increased 18% to $14.2 million and Adjusted EBITDA increased 12% to $17.4 million. The Q3 2010 results included approximately $6.1 million of tax credits received related to our television and digital media production activities, which were recorded as a reduction of the direct expense in these areas and in our selling, general and administrative costs. The Q3 2009 results included approximately $2.5 million of such tax credits, which were recorded in the same manner. (See Schedules of Adjustments in Supplemental Information)

Results by Business Segment

Revenues from North America decreased by 3%, led by declines in our Live Event and Home Video businesses, while revenues outside North America increased 2%, led by growth in our Television and Licensing businesses. There was no significant impact from changes in foreign exchange rates in the current quarter.

The following tables reflect net revenues by segment and by region for the three months ended September 30, 2010 and September 30, 2009. (Dollars in millions)

Three Months Ended
Net Revenues
September 30,

2010
September 30,

2009
Live and Televised Entertainment $
73.8
$
77.9
Consumer Products 21.4 23.0
Digital Media 6.8 7.4
WWE Studios 7.6 3.0
Total $ 109.6 $ 111.3

Three Months Ended
Net Revenues by Region
September 30,

2010
September 30,

2009
North America
$
78.9
$
81.3
Europe, Middle East & Africa (EMEA) 15.0 14.4
Asia Pacific (APAC) 13.3 12.5
Latin America 2.4 3.1
Total $ 109.6 $ 111.3

Live and Televised Entertainment

Revenues from our Live and Televised Entertainment businesses were $73.8 million for the current quarter as compared to $77.9 million in the prior year quarter, representing a 5% decrease.

  • Live Event revenues were $22.8 million as compared to $27.2 million in the prior year quarter. Revenues decreased 16% primarily due to 15 fewer events in North America as lower average attendance, both domestically and internationally, was offset by higher average ticket prices.
    • There were 78 events, including 16 international events, during the current quarter as compared to 94 events, including 17 international events, in the prior year quarter, primarily due to changes in our touring schedule.
    • North American events generated $13.8 million of revenues from 62 events as compared to $16.6 million from 77 events in the prior year quarter. North American average attendance decreased 10% to approximately 5,200 from 5,800 in the prior year quarter. The average ticket price for North American events was $41.07 in the current quarter as compared to $36.26 in the prior year quarter.
    • International events generated approximately $9.0 million of revenues from 16 events as compared to $10.6 million from 17 events in the prior year quarter. International average attendance decreased 26% to approximately 6,700 from 9,100 in the prior year quarter. Average ticket prices were $86.07 as compared to $65.59 in the prior year quarter, a 31% increase, in part due to changes in foreign exchange rates.
  • Pay-Per-View revenues were $13.6 million as compared to $14.5 million in the prior year quarter, reflecting a 12% decline in total pay-per-view buys. Beginning in January 2010, the suggested domestic retail price of non-WrestleMania pay-per-view events increased $5.00 to $44.95.The details for the number of buys (in 000s) are as follows:

Broadcast Month
2010 Events (in
chronological order)
2009 Events (in
chronological order)
Three Months Ended
September 30,
2010
2009
July
Money in the Bank
Night of Champions® 165 267
August SummerSlam® SummerSlam® 350 369
September Night of Champions® Breaking Point® 165 169
Prior events 55 31
Total 735 836

  • Television Rights Fees revenues were $31.1 million as compared to $28.3 million in the prior year quarter. This increase was primarily due to contractual increases from our existing programs.
  • Venue Merchandise revenues were $3.9 million as compared to $4.3 million in the prior year quarter, as the impact of 15 fewer events in North America was partially offset by an 8% increase in domestic per capita merchandise sales to $9.44 in the current quarter.

Consumer Products

Revenues from our Consumer Products businesses decreased 7% to $21.4 million from $23.0 million in the prior year quarter, primarily due to the performance of our Home Video business.

  • Home Video net revenues were $7.2 million as compared to $11.2 million in the prior year quarter, reflecting lower sell-through rates. Shipments increased 2% to approximately 864,000 units in the current period. This increase in units was more than offset by a 6% decline in the average price per unit to approximately $12.17, reflecting discounted sales and promotions.
  • Licensing revenues were $10.8 million as compared to $7.9 million in the prior year quarter, predominantly due to higher toy sales. Revenues related to toys increased by approximately $2.4 million, reflecting improved performance and the strength our new partnership with Mattel. Revenues from video games decreased by approximately $0.5 million as the prior year quarter benefited from the release of an additional video game title, Legends of WrestleMania. Unit shipments of our SmackDown vs. Raw video game increased slightly as compared to the prior year quarter.
  • Magazine publishing net revenues were $2.6 million as compared to $3.4 million in the prior year quarter, reflecting lower newsstand sales in the current quarter.

Digital Media

Revenues from our Digital Media related businesses were $6.8 million as compared to $7.4 million in the prior year, representing an 8% decrease.

  • WWE.com revenues were $4.0 million as compared to $4.5 million in the prior year quarter, primarily reflecting a decline in online advertising and mobile content revenues.
  • WWEShop revenues were $2.8 million as compared to $2.9 million in the prior year quarter. The number of orders increased by 7% to approximately 59,000 while the average revenue per order declined to $46.04 as compared to $50.46 in the prior year quarter.

WWE Studios

During the current quarter, we recorded revenue of $7.6 million related to all seven of our released films as compared to $3.0 million in the prior year quarter. The current quarter results included $3.8 million of revenue associated with our latest film, Legendary. For our first six film projects, we participate in revenues generated by the distribution of these films after the print, advertising and distribution costs incurred by our partners have been recouped and the results have been reported to us. In September we released our latest film, Legendary, under our revised film strategy. This strategy entails self-distribution and marketing of films. Under this new model, we reflect a film’s gross receipts and its associated distribution and advertising costs in our results. In addition, the change in distribution results in earlier recognition of revenue and expenses relative to initial release of the film as compared to our previous model. As a result of the timing of Legendary’s distribution and advertising expenses, we have recorded a $0.6 million loss for Studios in the current quarter.

Profit Contribution (Net revenues less cost of revenues)

Profit contribution decreased to $47.8 million in the current quarter as compared to $51.2 million in the prior year quarter, reflecting lower revenue across our business segments and a loss in our WWE Studios segment, which more than offset a $2.6 million net increase in production tax credits, recorded in cost of revenues. Gross profit contribution margin decreased to approximately 44% as compared to 46% in the prior year quarter, primarily driven by the performance of our film business, which reflected the recognition of marketing costs under our new self-distribution model. Excluding the impact of production tax credits, Adjusted Profit contribution declined to $43.8 million in the current quarter as compared to $49.8 million in the prior year quarter and Adjusted profit margins declined to 40% as compared to 45% in the prior year quarter.

Selling, general and administrative expenses

SG&A expenses were $24.3 million for the current quarter as compared to $33.1 million in the prior year quarter, led by decreases in staff-related expenses, predominantly accrued management incentive compensation, and to a lesser extent lower legal and professional fees and reserves for bad debt. Excluding the impact of production tax credits, Adjusted SG&A expenses declined to $26.4 million in the current quarter as compared to $34.2 million in the prior year quarter.

Depreciation and amortization

Depreciation and amortization expense was $3.2 million for the current quarter as compared to $3.6 million in the prior year quarter.

EBITDA

EBITDA was approximately $23.5 million in the current quarter as compared to $18.1 million in the prior year quarter, reflecting a $3.6 million net impact from production tax credits and SG&A cost savings. Excluding the impact of production tax credits, Adjusted EBITDA was approximately $17.4 million in the current quarter as compared to $15.6 million in the prior year quarter.

Investment and Other (Expense) Income

The decline in investment income of $0.2 million in the current quarter reflected lower average investment balances and average interest rates. Other income was $0.9 million, as compared to $0.2 million in the prior year quarter, reflecting realized foreign exchange gains and losses and the revaluation of warrants held in certain licensees. During the quarter, we recorded a $0.3 million gain relating to the revaluation of our warrants as compared to a $0.1 million loss in the prior year quarter.

Effective tax rate

The current quarter effective tax rate was 34% and reflects benefits due to the increased Internal Revenue Code (IRC) Section 199 deduction rate on qualified production activity income and the recognition of previously unrecognized tax benefits. The prior year effective tax rate was 42% and was negatively impacted by differences between our tax returns and our estimated tax provision.

Summary Results for the Nine Months Ended

Total revenues through the nine months ended September 30, 2010 were $355.1 million as compared to $357.9 million in the prior year period. Operating income was $67.8 million as compared to $59.3 million in the prior year period. Net income was $45.3 million, or $0.60 per share, as compared to $39.1 million, or $0.53 per share, in the prior year period. EBITDA was $76.3 million for the current nine month period as compared to $70.3 million in the prior year period. Excluding items that impact comparability, Adjusted Operating income for the current period was $60.1 million as compared $59.0 million in the prior year period. Adjusted Net income was $40.4 million, or $0.54 per share, as compared to $38.7 million, or $0.52 per share, in the prior year period. Adjusted EBITDA was $70.2 million for the current nine month period as compared to $70.0 million in the prior year period.

The following charts reflect net revenues by segment and by geographical region for the nine months ended September 30, 2010 and September 30, 2009. (Dollars in millions)

Revenues from outside North America increased 11% led by our Television and Licensing businesses as well as an approximate $2.8 million favorable impact from foreign exchange rates.

Net Revenues by Segment
Nine Months Ended
September 30,
2010
September 30,
2009
Live and Televised Entertainment $ 249.5 $ 251.2
Consumer Products 75.4 77.0
Digital Media 18.6 22.2
WWE Studios 11.6 7.5
Total $ 355.1 $ 357.9
Net Revenues by Region
Nine Months Ended
September 30,
2010
September 30,
2009
North America
$
256.4
$
268.6
Europe, Middle East & Africa (EMEA) 55.6 55.8
Asia Pacific (APAC) 29.2 25.1
Latin America 13.9 8.4
Total $ 355.1 $ 357.9

Live and Televised Entertainment

Revenues from our Live and Televised Entertainment businesses were $249.5 million for the current period as compared to $251.2 million in the prior year period, a decrease of 1%.

September 30,
2010
September 30,
2009
Live Events
$
78.0
$
79.6
Pay-Per-View $ 56.4 $ 63.7
Venue Merchandise $ 14.7 $ 15.2
Television Rights Fees $ 91.3 $ 81.5
Television Advertising $ 4.5 $ 5.5
WWE Classics On Demand $ 3.5 $ 4.2

Consumer Products

Revenues from our Consumer Products businesses were $75.4 million as compared to $77.0 million in the prior year, a decrease of 2%.

September 30,
2010
September 30,
2009
Home Video
$
26.3
$
29.0
Licensing $ 39.4 $ 36.7
Magazine Publishing $ 7.9 $ 9.9

Digital Media

Revenues from our Digital Media related businesses were $18.6 million as compared to $22.2 million in the prior year, a decrease of 16%.

September 30,
2010
September 30,
2009
WWE.com
$
10.4
$
12.9
WWEShop $ 8.2 $ 9.3

WWE Studios

We recorded revenue of $11.6 million in the current period related to all seven of our film releases, including $3.8 million associated with our latest film, Legendary, as compared to $7.5 million in the prior year period. In September we released our latest film, Legendary, under our revised film strategy. This strategy entails self-distribution and marketing of films. Under this new model, we reflect a film’s gross receipts and its associated distribution and advertising costs in our results. In addition, the change in distribution results in earlier recognition of revenue and expenses relative to initial release of the film as compared to our previous model.

Profit Contribution (Net revenues less cost of revenues)

Profit contribution decreased to $156.6 million in the current period as compared to $165.6 million in the prior year period, reflecting a reduction in revenue across our operations and marketing expenses to support our film business. In addition, total profit contribution margin decreased to approximately 44% as compared to 46% in the prior year period due to the impact of lower effective pricing and sell-through rates in our Consumer Products business. Excluding items that impact comparability, Adjusted Profit contribution decreased to $152.6 million in the current period as compared to $164.2 million in the prior year period.

Selling, general and administrative expenses

SG&A expenses were $80.3 million for the current period as compared to $95.3 million in the prior year period, led by decreases in staff-related expenses, including accrued management incentive compensation, as well as lower legal and professional fees and reserves for bad debt. Excluding items that impact comparability, Adjusted SG&A expenses were $82.4 million for the current period as compared to $94.2 million in the prior year period.

EBITDA

EBITDA for the current period increased to approximately $76.3 million as compared to $70.3 million in the prior year period, reflecting SG&A cost savings as described above, and a $3.6 million net increase in production tax credits. Excluding items that impact comparability, Adjusted EBITDA was $70.2 million for the current period as compared to $70.0 million in the prior year period.

Investment and Other Income (Expense)

The $1.0 million decline in investment income in the current period reflects lower average interest rates and decreases in realized gains on sales of investments. Other expense of $1.2 million in the current period as compared to other income of $0.3 million in the prior year period primarily reflects the impact of realized foreign exchange gains and losses and the revaluations of warrants. In the current year period, we recorded $0.9 million of foreign exchange losses as compared to gains of $1.7 million in the prior year period. In the current year period, we recorded a gain of $0.6 million as compared to a loss of $0.8 million in the prior year period relating to the revaluation of warrants.

Effective tax rate

The effective tax rate was 33% in the current period as compared to 37% in the prior year period. The decrease in tax rate in the current period was primarily driven by increased benefits from IRC Section 199 related to qualified domestic production activities and the recognition of previously unrecognized tax benefits.

Cash Flows

Net cash provided by operating activities was $27.9 million for the nine months ended September 30, 2010 as compared to $92.8 million in the prior year period. This $64.9 million decrease was driven primarily by an increase in feature film investments and changes in WWE’s tax position. Our cash investment in films increased by $40.0 million, driven by a $33.5 million increase in film production spending and the absence of $6.5 million in film tax incentives as compared to the prior year period. Related to the current period spending, we anticipate receiving approximately $7.7 million of film tax incentives in future periods. Capital expenditures increased to $9.1 million from $3.6 million in the prior year period primarily due to increased investments in television production initiatives.

Additional Information

Additional business metrics are made available to investors on a monthly basis on our corporate website – corporate.wwe.com.

Note: World Wrestling Entertainment, Inc. will host a conference call on November 4, 2010 at 11:00 a.m. ET to discuss the Company’s earnings results for the third quarter of 2010. All interested parties can access the conference call by dialing 888-647-2706 (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.

World Wrestling Entertainment, Inc., a publicly traded company (NYSE:WWENews), 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, PG content across all of its platforms including television programming, pay-per-view, digital media and publishing. 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, Chicago, London, Shanghai, Singapore, Tokyo, Toronto and Mexico City. Additional information on World Wrestling Entertainment, Inc. (NYSE:WWENews) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to https://www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, copyrights and logos are the exclusive property of World Wrestling Entertainment, Inc. 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; acceptance of the Company’s brands, media and merchandise within those markets; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing live events both domestically and internationally; uncertainties associated with international markets; 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 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 significant and 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, including a waiver by the McMahon family of a portion of the dividends.

World Wrestling Entertainment, Inc.
Consolidated Income Statements
(in thousands, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30,
2010
Sept. 30,
2009
Sept. 30,
2010
Sept. 30,
2009
Net revenues $ 109,564 $ 111,254 $ 355,131 $ 357,873
Cost of revenues 61,763 60,077 198,542 192,264
Selling, general and administrative expenses 24,322 33,108 80,284 95,337
Depreciation and amortization 3,211 3,578 8,461 10,954
Operating income 20,268 14,491 67,844 59,318
Investment income, net 524 704 1,504 2,495
Interest expense (64 ) (82 ) (202 ) (261 )
Other income (expense), net 899 168 (1,173 ) 300
Income before income taxes 21,627 15,281 67,973 61,852
Provision for income taxes 7,290 6,342 22,648 22,717
Net income $ 14,337 $ 8,939 $ 45,325 $ 39,135
Earnings per share:
Basic $ 0.19 $ 0.12 $ 0.61 $ 0.53
Diluted $ 0.19 $ 0.12 $ 0.60 $ 0.53
Weighted average common shares outstanding:
Basic 74,576 73,944 74,372 73,646
Diluted 75,325 74,419 75,263 74,207

World Wrestling Entertainment, Inc.
Consolidated Balance Sheets
(in thousands)
(Unaudited)
As of
September 30,
2010
As of
December 31,
2009
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 84,361 $ 149,784
Short-term investments 95,367 58,440
Accounts receivable, net 51,761 62,732
Inventory, net 1,831 2,182
Prepaid expenses and other current assets 34,039 21,721
Total current assets 267,359 294,859
PROPERTY AND EQUIPMENT, NET 81,021 84,376
FEATURE FILM PRODUCTION ASSETS 57,301 37,053
INVESTMENT SECURITIES 15,107 22,370
INTANGIBLE ASSETS, NET 170 276
OTHER ASSETS 1,743 1,687
TOTAL ASSETS $ 422,701 $ 440,621
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt $ 1,147 $ 1,082
Accounts payable 22,218 21,281
Accrued expenses and other liabilities 25,090 35,164
Deferred income 22,281 14,603
Total current liabilities 70,736 72,130
LONG-TERM DEBT 1,922 2,790
NON-CURRENT TAX LIABILITIES 11,475 17,152
NON-CURRENT DEFERRED INCOME 10,293 11,528
STOCKHOLDERS’ EQUITY:
Class A common stock 274 257
Class B common stock 465 477
Additional paid-in capital 334,632 326,008
Accumulated other comprehensive income 3,453 2,377
Retained (deficit) earnings (10,549 ) 7,902
Total stockholders’ equity 328,275 337,021
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 422,701 $ 440,621

World Wrestling Entertainment, Inc.
Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Nine Months Ended
Sept. 30,
2010
Sept. 30,
2009
OPERATING ACTIVITIES:
Net income $ 45,325 $ 39,135
Adjustments to reconcile net income to net cash provided by
operating activities:
Amortization of feature film production assets 7,014 3,723
Revaluation of warrants (552 ) 802
Depreciation and amortization 8,461 10,954
Realized gain on sale of investments (55 ) (863 )
Amortization of investment income 1,286 805
Stock compensation costs 6,522 5,659
(Recovery) provision for doubtful accounts (37 ) 3,115
Provision for inventory obsolescence 1,530 1,745
(Benefit from) provision for deferred income taxes
(8,946
)
6,000
Excess tax benefit from stock-based payment arrangements (2,723 ) (74 )
Changes in assets and liabilities:
Accounts receivable 11,008 (3,596 )
Inventory (1,178 ) 366
Prepaid expenses and other current assets (8,902 ) 12,615
Feature film production assets (27,343 ) (1,496 )
Accounts payable 937 2,859
Accrued expenses and other liabilities (10,882 ) 10,025
Deferred income 6,443 1,033
Net cash provided by operating activities 27,908 92,807
INVESTING ACTIVITIES:
Purchase of property and equipment (9,070 ) (3,640 )
Proceeds from infrastructure incentives 4,130
Purchase of other assets (60 ) (92 )
Purchase of short-term investments (88,343 ) (41,489 )
Proceeds from sales or maturities of investments 59,035 45,586
Net cash (used in) provided by investing activities (34,308 ) 365
FINANCING ACTIVITIES:
Repayments of long-term debt (804 ) (744 )
Dividends paid (62,598 ) (61,605 )
Issuance of common stock, net 961 864
Proceeds from exercise of stock options 695 1,290
Excess tax benefit from stock-based compensation arrangements 2,723 74
Net cash used in financing activities (59,023 ) (60,121 )
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (65,423 ) 33,051
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 149,784 119,655
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 84,361 $ 152,706

World Wrestling Entertainment, Inc.
Supplemental Information – EBITDA
(in thousands)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30,
2010
Sept. 30,
2009
Sept. 30,
2010
Sept. 30,
2009
Net income reported on U.S. GAAP basis $ 14,337 $ 8,939 $ 45,325 $ 39,135
Provision for income taxes 7,290 6,342 22,648 22,717
Investment, interest and other income, net (1,359 ) (790 ) (129 ) (2,534 )
Depreciation and amortization 3,211 3,578 8,461 10,954
EBITDA $ 23,479 $ 18,069 $ 76,305 $ 70,272

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 World Wrestling Entertainment Inc.’s performance or liquidity, determined in accordance with U.S. GAAP.

World Wrestling Entertainment, Inc.
Supplemental Information – Schedule of Adjustments
(in millions)
(Unaudited)
Three Months Ended Nine Months Ended
Sep. 30,
2010
Sep. 30,
2009
Sep. 30,
2010
Sep. 30,
2009
Profit contribution $ 47.8 $ 51.2 $ 156.6 $ 165.6
Adjustments (Added back):
Production tax credits (4.0 ) (1.4 ) (4.0 ) (1.4 )
Adjusted Profit contribution $ 43.8 $ 49.8 $ 152.6
$
164.2
Selling, general and administrative expenses 24.3 33.1 80.3 95.3
Adjustments (Added back):
Production tax credits 2.1 1.1 2.1 1.1
Restructuring (2.2 )
Adjusted Selling, general and administrative expenses $ 26.4 $ 34.2 $ 82.4 $ 94.2
Depreciation and amortization 3.2 3.6 8.5 11.0
Adjustments (Added back):
Infrastructure tax credit 1.6
Adjusted Depreciation and amortization $ 3.2 $ 3.6 $ 10.1 $ 11.0
Operating income $ 20.3 $ 14.5 $ 67.8 $ 59.3
Adjusted Operating income $ 14.2 $ 12.0 $ 60.1 $ 59.0
Depreciation and amortization (Added back) 3.2 3.6 8.5 11.0
Adjusted Depreciation and amortization (Added back) 3.2 3.6 10.1 11.0
EBITDA $ 23.5 $ 18.1 $ 76.3 $ 70.3
Adjusted EBITDA $ 17.4 $ 15.6 $ 70.2 $ 70.0

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 World Wrestling Entertainment Inc.’s performance or liquidity, determined in accordance with U.S. GAAP.

World Wrestling Entertainment, Inc.
Supplemental Information – Schedule of Adjustments
(in millions, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
Sep. 30,
2010
Sep. 30,
2009
Sep. 30,
2010
Sep. 30,
2009
Operating income $ 20.3 $ 14.5 $ 67.8 $ 59.3
Adjustments (Added back):
Production tax credits (6.1 ) (2.5 ) (6.1 ) (2.5 )
Restructuring 2.2
Infrastructure tax credit (1.6 )
Adjusted Operating income $ 14.2 $ 12.0 $ 60.1 $ 59.0
Investment, interest and other expense, net 1.4 0.8 0.2 2.5
Adjusted Income before taxes $ 15.6 $ 12.8 $ 60.3 $ 61.5
Adjusted Provision for taxes (5.3 ) (5.4 ) (19.9 ) (22.8 )
Adjusted Net income $ 10.3 $ 7.4 $ 40.4 $ 38.7
Adjusted Earnings per share:
Basic $ 0.14 $ 0.10 $ 0.54 $ 0.53
Diluted $ 0.14 $ 0.10 $ 0.54 $ 0.52
Weighted average common shares outstanding:
Basic 74,576 73,944 74,372 73,646
Diluted 75,325 74,419 75,263 74,207

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 World Wrestling Entertainment Inc.’s performance or liquidity, determined in accordance with U.S. GAAP.

World Wrestling Entertainment, Inc.
Supplemental Information- Free Cash Flow
(in thousands)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30,
2010
Sept. 30,
2009
Sept. 30,
2010
Sept. 30,
2009
Net cash provided by operating activities $ 2,959 $ 17,778 $ 27,908 $ 92,807
Less cash used in capital expenditures:
Purchase of property and equipment (2,444 ) (765 ) (9,070 ) (3,640 )
Proceeds from infrastructure incentives 4,130
Purchase of other assets (55 ) (60 ) (92 )
Free Cash Flow $ 515 $ 16,958 $ 22,908 $ 89,075

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.


WWE’s Internal Version Of Tuesday’s NXT Leaks Online

12

A “rogue” version of Tuesday’s NXT show has leaked online – and WWE officials are said to be furious about it.

The leaked episode features WWE’s production channel instead of the “announcer’s commentary” from announcers Josh Matthews and Michael Cole. The producer, believed to be Kevin Dunn, can be heard giving cues to people, using foul language and revealing intimate details as to how the WWE product is put together behind the scenes.

A similar situation happened several years ago, when a video leaked online of The Undertaker and Paul Bearer rehearsing Paul Bearer being “buried alive” in concrete at the 2004 Great American Bash. The video exposed a side of the business that WWE works very hard to protect.

The rogue version of Tuesday’s NXT broadcast has hit various video sharing websites, including YouTube, but the videos are quickly taken down at WWE’s request.

Barrett & Sheamus To Feud & Main Event Plans For RAW

26

With WWE’s creative team working on storyline plans for early 2011, one top feud that’s being discussed is Sheamus vs. Wade Barrett.

Barrett and Sheamus are two of the real success stories of WWE’s recent youth movement and the two men squaring off presents a fresh match-up that many are excited to see.

Barrett is said to be “super over” with WWE management and the Nexus leader has been pushed as the RAW brand’s top heel, a spot that was held by Sheamus earlier this year. Barrett has followed in the foot steps of Sheamus, getting over and generating a ton of heat after top programs with John Cena and Randy Orton.

As we reported here earlier in the week, there are plans for Barrett to continue feuding with John Cena until the end of the year and then move on to a WrestleMania feud with The Undertaker, providing the Dead Man is healthy.

Internally, Barrett and Sheamus are now considered worthy challengers of Randy Orton and John Cena, an accomplishment WWE is quite pleased with.

(Partial source: f4wonline.com)

Undertaker To Undergo Shoulder Surgery This Weekend

10

To follow up on the news that The Undertaker’s shoulder has been causing him a lot of pain in recent months, we can confirm that the Dead Man is scheduled to undergo surgery this weekend to repair a torn rotator cuff.

At this point, the main concern is that he is healthy and able to work in time for WrestleMania in April – which is far from a guarantee.

When the injury first happened a few months ago and it became apparent that time off was inevitable, WWE planned for the Undertaker to lose a Buried Alive match against Kane at Survivor Series and then rest up after that. When the pain got worse, the call was made to have the Buried Alive match take place at Bragging Rights and get the surgery over with.

As recent as last week, there was talk that Taker may continue to wrestle lightly for the next few months, wrestle at WrestleMania 27 and then take the time off but that has changed now that the decision has been made to have surgery.

We should have a better idea this weekend as to The Undertaker’s recovery time.

(Source: Wrestling Observer Newsletter)

Ken Anderson Says TNA Has Banned Unprotected Chair Shots

29

In an effort to protect the health of wrestlers and reduce the frequency of concussions, TNA Wrestling has banned unprotected chair shots to the head, according to Ken Anderson.

Anderson told the Between The Ropes radio show this week, “TNA has absolutely thrown down the gauntlet and said no more unprotected chair shots… And every time there is a chair involved in the ring, the agents will come up and say please make sure for me that you are not going to … that you’re going to put your hand up. Please tell me you’re going to put your hand up or it’s going to be a back shot or something like that.”

Anderson, who is currently out of action after a chair shot from Jeff Hardy busted his head open and caused a concussion, says even when wrestlers try to protect each other, accidents happen.

“The chair shot that I received from Jeff Hardy was not intended to hit the back of my head. I heard through the grapevine that there were some people who were concerned about that. That was an accident and, you know what, in our business, accidents are going to happen.”

Update On WWE’s Plans For The Miz & The MITB Briefcase

29

There has been much talk amongst creative regarding The Miz and the Money in the Bank briefcase he won at the Money in the Bank pay-per-view.

Commentators have been informed to not push his title too hard because when he ultimately cashes it, they want it to come as a surprise to fans.

One idea tossed around was for the The Miz to be the first Superstar to lose after cashing in the Money in the Bank briefcase, but then to be quickly elevated with a huge follow-up victory.

It’s been noted that all of this doesn’t have to occur until WrestleMania, since the stipulation was that he had one year to cash it in and he won it in July.

Meanwhile, there has been discussion of holding a Money in the Bank Match at WrestleMania despite Money in the Bank being scheduled as stand-alone pay-per-view event in July.

(Source: Wrestling Observer Newsletter)

Hulk Hogan Flashes His Junk In Front Of Brooke (Video)

40

Video game website Kotaku.com has posted a very strange video of wrestling icon Hulk Hogan playing the new “Def Jam Rapstar” video game with Jimmy Hart and his daughter, Brooke Hogan. Everything is going great, Hulk Hogan and Brooke are singing a nice duet of the song “Juicy” by the late Notorious B.I.G., when the Hulkster … appears to flash his “junk” to the camera. Thankfully Kotaku was kind enough to censor the footage, but Brooke saw what went down and responded with a surprised “Whoa, Dad, whoa..”

Hogan received a lot of online criticism a few years back when pictures leaked online of him applying tanning oil to his daughters butt and legs. As strange as those pictures were, Hogan appearing to expose himself in front of Brooke is a different kind of behavior.

Click below to see the video … then comment below that and help us answer this one question:

“WHAT THE HELL IS WRONG WITH HULK HOGAN?”

“Listen dude, this is totally normal behavior, BROTHER!”