WWE has been dominated by the McMahon family for many decades. The company is being passed down from generation to generation. Stephanie McMahon is the current co-CEO of WWE, alongside Nick Khan, after her father, Vince McMahon, suddenly retired. Stephanie, like her father, appears to be committed to the growth of WWE.
Stephanie McMahon and Nick Khan recently represented the company at the Wells Fargo TMT Summit. This is where she discussed WWE’s focus on international growth and her desire to perform a stadium show in Australia. She even discussed establishing local Performance Centers with local talent to replicate the lines of business they have here in WWE on a much smaller scale.
In addition to that, international is the focus for us, as we have discussed in the past but now we really have the opportunity to create what we call ‘global localization’ or ‘glocal’ where we can create local Performance Centers with local talent, replicate the lines of business that we have here in WWE and do it on a much smaller scale but ultimately, hopefully that’ll ladder up into the bigger product and potentially then creating a World Cup-type scenario which would be fun and exciting. It also then of course is an opportunity for talent to rotate throughout and we can have local stars that can ultimately come up to the main roster of WWE.
Stephanie pointed at their new Foxtel deal in Australia. She then highlighted some key questions they are considering before bringing a stadium event to Australia. She stated that the terms of their international premium live events, domestic strategy, and how they plan to maximize their opportunities will be noted.
You look at our new deal in Australia with Foxtel, where we need to bring a stadium event to Australia as well and how are we looking at that in terms of our international Premium Live Events? How does that work in terms of our domestic strategy?… How are we gonna be able to maximize our opportunities there?
Let’s see how Stephanie’s new venture turns out. To get the latest updates, keep an eye on Ringside News.
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December 1, 2022 10:05 am