Surprised by this? Aren't most people stupid? And don't they love stupid sports?
Yes, but I think they also love....FREE.
Vince McMahon, the pinhead steroid-body oaf that owns the WWE lost $325 million (he still has about $600 million) of his own fortune because of the downturn in WWE stock.
Investors are very concerned with the poor numbers for "streaming" subscriptions. They need 1.5 million just to break even, and they aren't getting close to that.
Well, guess what. The "streaming" figures for most PPV sports events are down. Bob Arum, at Top Rank Boxing, grumbled all the way to the bank about some of the non-Floyd Mayweather matches that didn't get many buys.
So, tell me, what do YOU think has caused the problem? I think it's pretty obvious. People still like violent sports, even fake ones. They still like homoerotic pro wrestling, with men in tights or panties, grappling with other sweaty men in sado-masochistic games of dominance and submission.
No, I think the problem is PIRACY. It's very easy to dial up any sports event via the Internet, and enjoy a fairly decent-quality free stream. It's only the very lazy AND affluent fan who pays for entertainment.
Ordinary sports...football, baseball...basketball...these games are on "regular" free TV. They are the prime sports people watch. It involves home teams and tradition. Kids grow up playing these team sports in school. But the oddball sports...boxing, MMA, wrestling...which depend on PPV so much of the time...they are in trouble.
The future? Unless pro wrestling finds another Hulk Hogan, and unless boxing finds a few more Floyd Mayweather types, and unless MMA can really promote Ronda Rousey and get people to care about non-Brazilian fighters or "Bones" Jones...people will NOT be manic and driven enough to PAY for PPV. Oh, they might go to the actual event (and even buy t-shirts) but...that's it. And that's not enough to float a thriving sports enterprise.
It means poor Vince Pinhead will not be able to finance his odious witchy wife's next attempt to be governor of Connecticut. It might mean that shitty boxing matches like Stiverne vs Arreola (for a WBC championship belt nobody cares about) will not earn the fighters enough to pay for their future years as comatose nursing home wrecks.
Mr. Bunce commented that $250,000 for one guy, $100,000 for the other, was peanuts. But that's the way it is now...piracy and so much competition from Internet video games, social media, etc., means that a lot more people will be out of business and a lot more will barely be making a living wage.
In other words, some pro wrestlers won't be able to afford a pack of fake blood to chew on, and will have to use a packet of ketchup.
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