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WWE Ticket Price Backlash: Fans Draw the Line, Cancelled Shows & The Future of Wrestling

WWE Ticket Price Backlash: Fans Draw the Line, Cancelled Shows & The Future of Wrestling

Episode 76 Published 1 year, 4 months ago
Description

Full Podcast Summary / Notes (Timestamps):

00:00 – 01:15
  • Introduction: Fastest growing pro wrestling show, announcement about Coach and Bro launching on the Stadium Network, reaching over 110 million homes.
01:15 – 03:19
  • Audience engagement: Super stickers, live chat, and how fans can get involved in the discussion.
  • Growth of the show: YouTube numbers, national TV presence.
03:19 – 05:52
  • Vince Russo on the state of pro wrestling vs. other sports.
  • Honest take: Russo’s lack of passion for modern wrestling business compared to his love for baseball.
  • WWE’s current business decisions and their impact on fans.
05:52 – 07:07
  • WWE’s gamble: Four shows in four days at the same Florida arena.
  • Discussion about ticket price hikes and impact on families.
07:07 – 09:05
  • The fallout: NXT event canceled due to poor ticket sales (only 1,600 sold).
  • Broader implications of overpricing; encouragement for fans standing up to high prices.
09:05 – 13:37
  • Digging deeper: WWE’s costs, their business model, and reliance on wrestling as a piggy bank to pay off debts from other acquisitions.
  • TV deals and why cancellations matter more than before.
  • Insight into arena sizes, ticket sales, pricing (> $100 for NXT), and pipeline challenges.
13:37 – 15:47
  • Vince’s view as a consumer, not just a wrestling insider.
  • Candid anecdotes about the impact of ticket costs on families and the industry.
15:47 – 19:00
  • Super stickers: Fan questions about blurring lines between wrestling characters (heels vs. faces), social media, and kayfabe.
  • Coach’s pet’s interruption, adding a personal touch to the show.
19:00 – 22:16
  • WWE’s ratings woes: Viewership decline, YouTube and Netflix business strategies discussed.
  • Exclusive content, social media highlights, and concerns for long-term business health.
22:16 – 25:45
  • Missing star power: Triple H management decisions, Karrion Kross and Cody Rhodes’ absences and implications.
  • Missed opportunities in storytelling and authority figure roles.
25:45 – 27:38
  • Star power shuffle, comparison to sports, and how few can really sell tickets.
  • Issue of giving top stars extended time off despite struggling ratings.
27:38 – 29:50
  • Why did TKO really buy WWE? Corporate family drama between Vince, Stephanie, and Shane.
  • TKO’s focus: Using WWE profits to pay other debts, not growing the wrestling business.
29:50 – 32:23
  • Summer’s always slow for wrestling, pressure on upcoming shows, star availability issues.
  • Will TKO adjust strategies or double down? The critical importance of pivots in entertainment.
32:23 – 36:14
  • Content as king: WWE’s value to networks and streamers.
  • Russo’s consulting experience with USA Network.
  • Revenue models, sliding scale discussions, and why networks lack leverage.
36:14 – 39:36
  • Fun tangent: Paul Heyman, Bill Belichick, age-gap engagements, and marital humor.
  • Tangible fan connections—the real value of personalities beyond the ring.
39:36 – 42:45
  • Rapid-fire super stickers: Triple H, Roman Reigns movie rumors, main event talent not working enough dates, WWE’s business vs. Hollywood crossovers.
42:45 – 48:21
  • Mercedes Mone on the creative differences between WWE and AEW.
  • Changin
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