WWE Held their third quarter earnings for 2013 today announcing WWE studios results:
WWE Studios recognized revenue of $1.8 million as compared to revenue of $1.9 million in the prior year quarter reflecting the timing of results generated by the Company's overall portfolio of movies. Five films have been released during the first nine months of 2013, which compares to three releases during the first nine months of 2012. Revenues for current projects will be recognized on a net basis as participation statements are received from distribution partners rather than upon release as was the case with the Company's self-distributed movies. In general, for movies that are not self-distributed, the Company does not expect to begin recognizing revenue until four to six months after release. As such, the recognition of revenue related to the most recent releases, including 12 Rounds 2: Reloaded and The Call is not expected to begin until the fourth quarter 2013 or early 2014.
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WWE Studios recognized revenue of $1.8 million as compared to revenue of $1.9 million in the prior year quarter reflecting the timing of results generated by the Company's overall portfolio of movies. Five films have been released during the first nine months of 2013, which compares to three releases during the first nine months of 2012. Revenues for current projects will be recognized on a net basis as participation statements are received from distribution partners rather than upon release as was the case with the Company's self-distributed movies. In general, for movies that are not self-distributed, the Company does not expect to begin recognizing revenue until four to six months after release. As such, the recognition of revenue related to the most recent releases, including 12 Rounds 2: Reloaded and The Call is not expected to begin until the fourth quarter 2013 or early 2014.
We are looking for News, Results & Columns Reporter, If interested email me at this link
Go Check out all of our social media
– You can now follow me (Andy) on my Twitter account is at https://twitter.com/AR_Official_94
_ You can like me on Facebook: https://www.facebook.com/pages/AR_Official/244148072390274
- Pro Wrestling Unleashed Facebook Page
- Follow Pro Wrestling Unleashed On Twitter
- Official Youtube Channel
- Alternative News Talk Facebook Page
- Alternative News Talk Twitter
- NGWS official wrestling facebook page
- Follow NGWS On Twitter
- You can listen to Our WWE, TNA & UFC Previews/ Reviews. As well as NFL, Nascar Weekly Radio Show at this link
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