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Many people have accused my next company of not being real -- was just column what they call it fake.
But the profits.
Are real trust us and no we're not talking about Herbalife.
We're talking about World Wrestling Entertainment WWE.
WW he's touring live event wrestle mania now wrestle mania 29 is literally taking over new York and New Jersey this week look at what was happening down the street from our studio on sixth avenue.
We said -- camera I was just a little while ago.
Lions -- lives of people -- you love this.
Waiting for what tell me wrestler -- the superstars.
-- -- going to be and wrestle mania.
Joining me now -- -- Fox Business exclusive is George various World Wrestling Entertainment CFO.
One of the best jobs world.
I have to believe that job at the world my boss always says our job description.
Even to -- -- -- which is rare is the put smiles on people's faces in as you saw from that clip and will be doing it all week if that's what we did some -- says that actually says and all the time well.
I I'll tell you something it it is entertainment when it comes to a very broad appeal.
Let's talk about wrestle mania and more specifically what it does for the cities in which performs because at a time when most city's coffers are running a little dry.
You guys are saying that each city you go and could.
At least bring us some 300 million dollars every time -- -- it comes there -- -- -- -- that it.
Actually it's still the last five years we've done about 300 million and in the cities we've been and so we'll do sixty to seventy million.
Per year what we do every year is we conduct an economic impact analysis and get a third party for him to come in and look at it.
And it's you know the reason that we drive all of that is because we bring people from all over the world will be 34 countries represented.
In terms of in the audience and wrestle mania 29.
MetLife stadium well -- -- stadium of course in New Jersey and the medal in Atlanta but but you can tell some of the other smaller areas that you've been in that you were just stunned at their efforts responsible reaction.
I've seen at Boston -- shot.
Sure -- look over the last few years we've been in Orlando we've been in Phoenix we've been in Atlanta we're always 65 to 80000.
At the event.
But -- the -- wrestle mania 29 when he 37 their weeklong event so we kicked it off today he showed the clips at the press conference at radio city.
Will do our hall of fame induction.
And best -- square garden on Saturday -- out of any of these -- these.
I want how many of these people called out sick from work at at tell us about who we're looking -- on stage and that's my black businessman in the middle and rock hinge on -- it'll be main event.
-- -- He's so unbelievably popular.
He is among the most known just behind Kobe Bryant number three behind arrogant athlete behind Colby and Michael Jordan Michael Jordan yeah he's got within fifteen million FaceBook followers -- casino and -- Well remember that -- that's right yeah we were talking about FaceBook if you look at our FaceBook and Twitter combined we're at a 140.
Million and it goes up about a million every day so it happens more FaceBook fans than Taco Bell then Pepsi for example more than the NFL and its 32 teams combined and you monetize that.
Today no but you we really view social media and as you know the mother of -- megaphones we are promotions company.
So we know how to promote and for -- social media is embedded everything we do I'll tell you RIR -- -- it again now has seven doesn't like our investor relations on -- 171000 followers that he gets the number one.
Followed investor early fourth of Berkshire Hathaway I'm not sure about that but I -- If he has well I think we're number one yeah well.
That's fascinating because then you wonder about the stock and you can -- don't translate to your stock is up about 3% year over year.
Priced earnings ratio of eighteen there is a 10%.
On the shortcut of the shorts are floating up at that level we'd like to point that out but don't put all that aside what's next for you guys pay channel everybody's talking about it WW we pay channel would that happen.
Yet we've said we're gonna do three things over the next couple years investors should really look out for number one.
We're gonna re imagine our paper view business and launch a subscription video premium ala carte channel 24/7.
I would eleven of -- twelve paper he's not wrestle mania on the channel chart somewhere between 1299912991499.
The second thing is we're going to be -- renewing our four top content agreements were on the US smacked them in the US.
Are dealing India which is our third largest country and -- -- in the UK so those are four big opportunities and then finally monetizing that did you.
Olympics we got to go but Glenn Beck called you guys stupid wrestling people what he's saying that he obviously doesn't know of very -- doesn't even got a felony stupid people ability to visit some pretty mean figure out reform Jewish people.
-- -- don't like that with some thank you saw Ali thanks for that George burials World Wrestling Entertainment CFO wrestle mania 289.
-- -- to wrestle -- a 1001 game and now it would tell closing.
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