As you well know by now, WWE made significant (if not unexpected) talent cuts last week by releasing eleven on-screen talents from their contracts. According to sources, this is part of an ongoing effort to cut about $20 million from the company’s operating budget for this year.
Previous reports and statements by WWE have indicated that they will take a loss due to the WWE Network and other elements, and this would lead into the company’s cost-cutting measures. In addition to the talent cuts, the company is cutting out some production elements such as Fandango’s golden curtain entrance and the lift that Bad News Barrett used. With the company now able to take the truck used to transport those entrances off the road, they have saved about $250,000.
100% DIRECT LINK (PHOTOS): CM Punk Watches The UFC PPV w/ Machida!!
TNA Impact! Notes: Rich Swann Advances To Vacant TNA X-Division Title Match at Bound For Glory, Eddie Edwards Challenges Ricky Sosa for Bound For Glory, Moose Defeats Frankie Kazarian In Career Threatening Match & Saves His TNA Career, Mystery TNA Locker Room Attackers Appears, 9/24 Live Show Card
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Various: Backstage Update on Gisele Shaw Signing with NWA & Her MLP Departure, Matt Hardy on “Some People May Be Nostalgic For Us, But There’s Even More That Are Rabid To See Us & Meet Us. Numbers Don’t Lie”, Indies/Misc.
