{"id":27484,"date":"2016-07-28T15:01:01","date_gmt":"2016-07-28T20:01:01","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=27484"},"modified":"2016-07-29T02:39:31","modified_gmt":"2016-07-29T07:39:31","slug":"wwe-q2-2016-business-expenses-break-legal-bill-eating-profits-plus-increase-talent-costs","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2016\/07\/28\/wwe-q2-2016-business-expenses-break-legal-bill-eating-profits-plus-increase-talent-costs\/","title":{"rendered":"WWE Q2 2016 &#8211; Business Expenses Break Down &#8211; legal bill eating into profits, plus increase in Talent Costs"},"content":{"rendered":"<div id=\"pwtor-3598376583\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p><strong>By James Caldwell, PWTorch assistant editor<\/strong><\/p>\n<p>WWE reported record quarterly revenue in the Second Quarter 2016, but costs ate into profits.<\/p>\n<p><a href=\"http:\/\/hsprod.investis.com\/shared\/v2\/irwizard\/sec_item_new.jsp?epic=wwe&amp;ipage=11058182&amp;DSEQ=&amp;SEQ=&amp;SQDESC=\" target=\"_blank\">WWE released a full break down<\/a> of why corporate and business-related costs increased by $11.0 million (14 percent) in the first-half of 2016 compared to 2015.<\/p>\n<p>The big line-item increase was legal, accounting, and other professional fees, which WWE noted is &#8220;related to ongoing litigation,&#8221; such as the ongoing concussion suit that ramped up in\u00a0the first half of 2016. This accounted for 31 percent of the year-to-year increase.<\/p>\n<p>WWE also disclosed an\u00a0increase is expenses\u00a0related to\u00a0&#8220;talent\u00a0related costs and professional fees within our Business Support departments in support of company-wide strategic initiatives.&#8221; This segment is most closely tied to added WrestleMania costs and accounted for 42 percent of the increase.<\/p>\n<p>There was also a 16 percent increase for staff-related costs and an 11 percent increase for management incentive compensation.<\/p>\n<p>Overall, the cost of doing business increased from 55 percent in the first-half of 2015 to 58 percent in 2016.<\/p>\n<p>This meant Corporate expenses decreased\u00a0from 45 percent to 42 percent, mainly due to the increase in business costs.<\/p><div id=\"pwtor-3195408773\" class=\"pwtor-content pwtor-entity-placement\"><div align=\"center\" data-freestar-ad=\"__336x280 __336x280\" id=\"pwtorchcom_test_300x250\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_test_300x250\", slotId: \"pwtorchcom_test_300x250\" });\r\n  <\/script>\r\n<\/div><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-27485\" src=\"http:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWECorpExpenses.png\" alt=\"WWECorpExpenses\" width=\"648\" height=\"703\" srcset=\"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWECorpExpenses.png 648w, https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWECorpExpenses-277x300.png 277w\" sizes=\"auto, (max-width: 648px) 100vw, 648px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-27486\" src=\"http:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWE11Perc.png\" alt=\"WWE11Perc\" width=\"433\" height=\"220\" srcset=\"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWE11Perc.png 433w, https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWE11Perc-300x152.png 300w\" sizes=\"auto, (max-width: 433px) 100vw, 433px\" \/><\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-3100931514\"><div id=\"pwtor-1140887265\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>By James Caldwell, PWTorch assistant editor WWE reported record quarterly revenue in the Second Quarter 2016, but costs ate into profits. WWE released a full break down of why corporate and business-related costs increased by <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2016\/07\/28\/wwe-q2-2016-business-expenses-break-legal-bill-eating-profits-plus-increase-talent-costs\/\" title=\"WWE Q2 2016 &#8211; Business Expenses Break Down &#8211; legal bill eating into profits, plus increase in Talent Costs\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":1239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[71,1710,689,3465],"class_list":["post-27484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news_wwe","tag-wwe","tag-wwe-earnings","tag-wwe-financials","tag-wwe-q2-2016"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/2015\/10\/WWELogo_3x2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=27484"}],"version-history":[{"count":1,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27484\/revisions"}],"predecessor-version":[{"id":27487,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27484\/revisions\/27487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/1239"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=27484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=27484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=27484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}