WWE Media Division Sees Growth In Q2 – Details

The WWE announced their second quarter financials today, and revenue from the Company’s Media division increased to $99.1 million from $97.7 million. This was in apart due to the escalation of television rights fees more than offset the lower revenue from the Company’s Network, Home Entertainment and Digital Media segments…

* Television revenues increased 19% to $52.1 million from $43.8 million in the prior year quarter primarily due to the renegotiation of key domestic and international distribution agreements, the largest of which became effective in the fourth quarter 2014 and the first quarter 2015. Revenue growth was partially offset by the timing of Total Divas, which was not aired in the quarter whereas the prior year quarter reflected the production and monetization of the program’s second season.

* Home Entertainment net revenues decreased to $3.1 million from $5.4 million in the prior year quarter reflecting reductions in DVD/Blu-ray shipments and average pricing. Unit shipments declined by 10% to 523,000 units and average effective prices declined 21% to $10.70 due, in part, to broader industry declines.

* Digital Media net revenues were $3.8 million compared to $5.2 million in the prior year quarter. The decline reflected the absence of revenues associated with the Company’s Magazine Publishing business, which was discontinued in the third quarter 2014.

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