Date: February 18, 2004
WWE REPORTS QUARTER OFF LAST YEAR
World Wrestling Entertainment Inc. yesterday (Feb. 17) announced financial results for its third quarter ended Jan. 23, 2004. Revenues totaled $79.1 million, as compared to $92.6 million in the prior year quarter, a decline of approximately 15 percent. Live Event revenues were $11.7 million as compared to $16 million in the third quarter of last year. There were 74 events, including three international events, during the quarter as compared to 79 events, including seven international events, during the same period last year.
Average attendance for domestic live events was approximately 4,000 this quarter as compared to 4,300 in the prior year quarter, while average attendance for international live events was 8,700 in the current quarter as compared to 9,100 in the prior year quarter. The average ticket price decreased to approximately $37.90 as compared to $41.70 in the prior year quarter.
Contact: Gary Davis, (203) 353-5066
AZOFF BIDS ON TBA
A company affiliated with Irving Azoff and other parties are in exclusive negotiations to acquire Encino, Calif.-based TBA Entertainment, reporters learned from an internal memo distributed at TBA. Neither TBA nor Azoff's camp had any comment on the status of the negotiations.
Contacts: Irving Azoff, (310) 209-3131; TBA, (615) 742-9000; Larry Solters, (213) 639-6169
PAC PLANNED FOR WTC SITE
The New York City Opera, the Joyce Theater Foundation and the Signature Theatre Co. have put in bids to operate a performing arts center that is planned for the new World Trade Center site in New York City. Lower Manhattan Development Corp., the agency overseeing reconstruction, also released new drawings for the performing arts center and up to five new cultural buildings at the site. The contestants will be asked this month to submit more details on their programs, proposed facilities and financial outlooks. The institutions' ability to raise money will be a deciding factor, the LMDC report said.
Contact: LMDC, (212) 962-2300
HARNELL GOES TO AEG
Talent buyer Ali Harnell, formerly vice president with Clear Channel Entertainment in Nashville, has joined TMG/AEG Live as executive vice president, working with Louis Messina. This establishes an AEG presence in Nashville.
Contact: Michael Roth, AEG, (213) 742-7155