I Had a Thought Today, Vince And His Money

[Zardnaar]

The WWE is a multi million worldwide company. Its last few years of profit and revenue are around if you want to look for it. It sounds like a big fish BUT.

I have worked for a bigger company.

And I am not talking about something like McDonalds when I was younger.

Or selling Coca Cola.

Or a factory.

I worked briefly in a distribution centre for super markets.

No big deal right people gotta eat. Distributing food to NYC would be big right? Think smaller.

Ok a large USA state.

Nope.

How about a smaller country then? Nope.

A richer province of a smaller country? Nope.

I live in New Zealand. We have 2 islands here population approx 4.5 million. 3.5 million in the North Island, 1 million in the South.

Not even that. We basically have two companies here in charge of the supermarkets. The one I worked for was the lower half of the South Island- around 350k people (market share with another company).

Selling food.

And its income was over a billion dollars with 50 million in profit couple of years ago. Even with the currency conversion from the NZD to USD they still made more money than Vince, selling food to 5% of our population (approx).

WWE is small potatoes in the grand scheme of things. Its pocket change to the large corporations (Unilever, Nestle, Apple etc) and in size its revenue is more comparable to a regional super market chain serving a few hundred thousand customers.

 

[Stopspot]

Niche entertainment company is smaller than massive worldwide grocery chains. Who would have thought?

 

[Zardnaar]

Niche entertainment company is smaller than massive worldwide grocery chains. Who would have thought?

Not world wide. Just a regional division of a national chain.

WWE profits have not been great lately, maybe 1/3 or so of 1998-2001 or so (less adjusted for inflation).

 

[Stopspot]

I still fail to see the purpose of this thread. That there are companies bigger than WWE? No shit.

 

[Zardnaar]

I still fail to see the purpose of this thread. That there are companies bigger than WWE? No shit.

Not so much that, the WWE is actually kind of small.

 

[Stopspot]

Not so much that, the WWE is actually kind of small.

Yeah it is. I don't think anyone outside of the most casual fans or absolute die hards thought it was one of the biggest companies on the planet.

Which it is, within its sector of entertainment. Within the world of pro wrestling it is by far the biggest and most financially successful company out there. Within the entertainment industry at large it is of respectable size at least.

But people who didn't think there were bigger companies out there were fooling themselves.

This is by no means a groundbreaking discovery

 

[edge4ever]

WWE is a billion dollar company, but it's not surprsing that companies like Sony, MS, Cisco, etc. make a lot more. Hell the last company I worked for made more money than WWE. Not a shocker. WWE makes good money for a wrestling organization, all things considered, and that's one thing you can't take away from vinny: he knows how to make money with wrestling.

 

[Grievous 3D]

I live in New Zealand.

Nice...I'm just across the pond in Townsville, Queensland, Australia...

 

[Gman003]

No wwe is best! Ramen rains is best!

All kidding aside, it has done extremely well over the decades as far as wrestling goes.

 

[edge4ever]

Agreed, Vince has made a million dollar enterprise a billion dollar one. Not bad if you ask me.