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When Shane McMahon is not playing a “real-life superhero” fighting The Undertaker at WrestleMania, his day job is Vice Chairman for the “YOU On Demand” company that delivers Hollywood movies to China.
The company reported fourth quarter 2015 earnings results on Wednesday and held their quarterly conference call, which McMahon was part of.
There was an investor question about whether Shane’s return to WWE will affect his standing with YOD, the company that he founded.
“First off, YOU On Demand is my baby and the company couldn’t be in better hands in this with (chairman) Bruno (Wu) and the team that we’re assembling now,” McMahon said. “As Bruno mentioned, it’s three, maybe even four years ago we tried to do a deal together, it didn’t come to fruition, but sometimes things are just about timing and this is the right time. So the timing was correct what you’re now seeing, as the company, YOU On Demand is going to have a complete metamorphosis as Bruno went through very diligently and much laid out the plans of what’s happening. So we couldn’t be more excited about with the direction of the company.”
Shane added: “If you’re referring to my involvement with WWE, again that’s full support of the YOU On Demand Board and I have capacity to do both.”
Earlier in the conference call, McMahon reinforced his commitment to the YOD company in his opening remarks.
“I want to take this opportunity to reiterate my unrelenting passion for YOU On Demand, a company that I founded, and my intention to continue assisting this experience and capable team and pushing the boundaries and scope of the original anytime and anywhere video distribution vision, something that Bruno will speak about momentarily,” McMahon said.
[ Full Transcript at SeekingAlpha.com ]