1241 East Main Street
The company called the World Wrestling Entertainment company has alot of different products services and activities. Some of the main activites that it has is every Monday the hace a show called RAW. Then on Thursday they have a show that comes on the is called Smackdown. Lastly, on Sundays they have a show that is called Heat. The WWE has conglomeratization because it is made up 2 other different companies they are WCW and ECW. The company also has globalization because it travels all over world to wrestle and it has companies in different countries. There is also evidence of horizontal intergration because the WWE has bought 2 other companies in WCW & ECW. There are examples of media synergy because all of the shows interact with each other from RAW to HEAT.
The WWE sells everything from action figures, clothing, posters, movies, books, to bedroom sets etc.
Some of the services thaat the WWE provides is they have a lot of charities
for kids and less unfornate people. Some of there other services that they
have is they have Pay-Per View.
For the nine months ended 1/24/03 the annual income for the WWE was net revenues fell 4% to $276.5 million.
The number of current employees in the WWE is 413 current employees.
Ticker symbol: WWE
My assessment of the current overall financial condition of the company is that during 90's the WWE was making money like it wasn't anything, but then when Vince McMahon bought all his competors and put them all in one company he started to lose money. He lose money because a lot of the wrestlers from the other compnaies did not like him, but in 2003 it looks like that the WWE is on the rise again because Mr. McMahon has hired a lot of those people back that were in the other companies so the viewing population is starting to get back where it once was. So the overall financia; condition of the company is that around 2000-2002 all of the shows were doing well then took that decline and now are on there way back up. So the condition of the company is, it will get back to where iut once was.
World Wrestling Entertainment, Inc. (WWE) is an integrated media and entertainment company, that is producuing and marketing television programming, pay-per-view programming and live events. The WWE company has been involved in the sports entertainment business for over 20 years. Before being the WWE it was known to all of us as the WWF but had to change because another company called the World Wildlife Fund that had taken them to court and made them change their name to WWE. In a effort to try to expand and just plain and simple try to take over the industry they launched a brand extension, creating two separate and distinct brands, Raw and SmackDown which each have their own distinct story lines and own charcters.
Vincent McMahon, 57
Chairman $1.9M
Linda McMahon, 53
CEO, Director 763K
Frank Serpe
Acting CFO
In the future for WWE there is not really any plans for any new facilities pr products, but they are bringging back some of the old methods or old charcters they used to have a very successful company. For instance Vince McMahon is bringging back Stone Cold Steve Austin on a Pay-Per View effent. He already brought back the one and only Hulk Hogan, and that has attracted a lot of older people watching wrestling all over.
http://biz.yahoo.com/bw/030211/110597_1.html - www.yahoo.com
In this section there is really not anythiung to write about as said in the beggingig the WWE bought all of their competors in 2001. Those companies were WWC and ECW.
Hogan and Rock Battle again!-http://biz.yahoo.com/bw/030211/110597_1.html - www.wwe.com
WWE post 16 million dollar loss- http://biz.yahoo.com/rb/030225/media_worldwrestling_earns_1.html - www.yahoo.com
WWE Close Restaurant-http://biz.yahoo.com/bw/030225/255707_1.html - www.yahoo.com
Kurt Schneider New Marketing Executive Vice President-http://biz.yahoo.com/bw/030224/245679_1.html - www.yahoo.com
World Wrestling Turns to 3Q Loss, Closes N.Y.C. Eatery-http://biz.yahoo.com/djus/030225/1903001144_1.html - www.yahoo.com
March 3,2003
David Denahm