Saturday, December 22, 2012

Backstage Reaction To The Miz's Face Turn

Source: Wrestling Observer Newsletter

Within WWE, there has been some second-guessing the recent babyface turn for The Miz. The feeling is that while things may have started rough, officials feel that it will work out in the long run.
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WWE Owed Money By THQ

WWE Responds To THQ Filing

STAMFORD, Conn.--(BUSINESS WIRE)-- WWE (NYSE:WWE) is listed in THQ, Inc.’s recent bankruptcy filing as an unsecured creditor holding a claim of approximately $45 million reflecting the entirety of the existing multi-year agreement.

Any impairment of a current THQ account receivable would be immaterial to WWE's financial statements. Even if the impact of THQ’s bankruptcy were detrimental to WWE, the Company does not believe that the ultimate economic impact for financial statement purposes would materially and adversely affect the results of operations or financial position of WWE in light of the strength of the WWE brand and the historical performance of WWE's video game business.
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