Vince McMahon returned to WWE earlier this year to pursue a sale of the company, and it was announced the day after WrestleMania 39 that WWE would be acquired by Endeavor. UFC and WWE merged to form TKO back in September and now everyone is waiting to see what kind of changes TKO may or may not make in the future.
TKO President Mark Shapiro recently talked about WWE’s massive schedule at UBS Global Media And Communication Conference, and he hinted that TKO may be looking to cut back on WWE live events.
“WWE has over 300 events a year, with 170 televised. There is probably, while all those other superstars events, there is a reason to have them because it’s good for the brand, we’re building the audience, we’re putting them on C and D counties, so we’re really stretching the brand and amassing a greater array of eyeballs for all demos, it’s good for our long-term growth. For a margin perspective, they are dilutive. There are probably opportunities, as we go through our efficiencies and synergies, to cut back those non-televised events, which will, of course, push our margin up. We’re going through that exercise now.”
H/T Fightful
