Wrestlers pin PPV

Grappler group takes quarterly crown in buys

The World Wrestling Federation placed a hammer lock on pay-per-view revenues in the second quarter, generating 65% of the total income for events on PPV.

The seven WWF events that ran in the quarter took down $83.5 million, more than doubling the $40.2 million in revenue harvested by four boxing matches.

PPV took in a total dollar figure of $126.65 million for all events in the quarter, 4% below the $131.6 million pulled in for the same period last year.

But SET Pay Per View, which compiles the data every quarter, said the 2001 revenues represented a considerable improvement over those of the second quarter of 1999 ($60.6 million) and 1998 ($41.5 million).

The four biggest-grossing PPV events in the quarter were all from the WWF (in descending order): “Wrestlemania X-Seven” on April 1; “King of the Ring,” June 24; “Backlash,” April 29; “Judgment Day,” May 20.

The WWF is expecting even fatter revenues in the third and fourth quarters because it’s keeping alive the World Championship Wrestling operation, which it bought from Turner Broadcasting earlier this year. For the first time, the WWF will be able to stage PPV showdowns with wrestlers from the WCW.

The best-performing boxing event was a middleweight bout between Felix Trinidad and William Joppy, which picked up about 350,000 buys.

As usual, concerts lagged way behind. The four second-quarter concerts couldn’t even muster $1 million, settling for a total of $889,376. A Destiny’s Child performance did the best, with about 35,000 buys.

Pay-per-view is available to 47.5 million subscribers in the U.S.

More Biz

  • Jussie Smollett Good Morning America

    Jussie Smollett Angrily Denies Complicity in Attack

    Attorneys for “Empire” actor Jussie Smollett issued a statement Saturday denying that he orchestrated his Jan. 29 assault, and saying he is “angered” and “devastated” by recent developments in the case. Chicago police want to interview Smollett, after learning new evidence from two Nigerian brothers who were released on Friday night. Local media outlets have [...]

  • Walt Disney Archives Founder Dave Smith

    Walt Disney Archives Founder Dave Smith Dies at 78

    Walt Disney Archives founder Dave Smith, the historian who spent 40 years cataloging and preserving the company’s legacy of entertainment and innovation, died Friday in Burbank, Calif. He was 78. Smith served as Disney’s chief archivist from 1970 to 2010. He was named a Disney Legend in 2007 and served as a consultant to the [...]

  • Colin Kaepernick Kneel

    Colin Kaepernick, Eric Reid Reach Settlement With NFL

    Colin Kaepernick and Eric Reid, two football players who alleged the National Football League colluded to oust them from the game after they started kneeling in protest of racial inequality during the playing of the national anthem, have reached a settlement in the matter, according to a statement from the sports organization and lawyers representing [...]

  • R. Kelly

    R. Kelly Could Be in ‘Big Trouble’ Over Alleged New Sex Tape, Attorney Says

    Strong allegations of sexual misconduct have followed R. Kelly for 25 years, but the singer has always managed to slip free. Yet reports that a videotape of him sexually assaulting an underage girl, combined with the outcry surrounding the Lifetime documentary “Surviving R. Kelly,” means that public sentiment, at the very least, is definitely not [...]

  • Christian Bale as Dick Cheney in

    New Media Residuals and Feature Films Contribute to Spike in Writers' Pay

    The outlook for members of the Writers Guild of America has brightened — even amid pervasive uncertainty in the entertainment industry. According to the most recent report to WGA West members, earnings surged 2.8% to $1.41 billion in 2017, thanks mostly to gains in feature films and new-media residuals. Total covered earnings for WGA West [...]

  • Joe Dante Gremlins

    Hollywood Execs Seek Licensing Deals at the New York Toy Fair

    On Feb. 16 more than 30,000 studio executives, buyers and toy company reps will gather in Manhattan for the annual Toy Fair New York, all vying for market share and trying to snag the latest hot trend in a fast-changing industry. Those working the film side of the business will focus much of their attention [...]

  • Lady Gaga Bradley Cooper A Star

    Universal Music Group Fuels 11.3% Rise in Vivendi's 2018 Revenues

    Vivendi’s revenues were up 11.3% to €13.93 billion ($15.7 billion) in 2018, powered by Universal Music Group, which delivered such hits as the “A Star Is Born” soundtrack and Drake’s new album. UMG’s revenues climbed by 10% to €6 billion ($6.8 billion) compared to 2017. On top of the “A Star Is Born” soundtrack, the [...]

More From Our Brands

Access exclusive content