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Originally Posted by Emperor Smeat
This week's Wrestling Observer Newsletter probably will have more details on that talent cost number but its also entirely possible that was something mentioned by his sources and he confirmed it afterwards.
He's been doing other number crunching to figure out how much of an impact the coronavirus really will have on the company this year and came to the conclusion WWE still likely are going to rake in around $1 billion just from their global tv deals. Other major areas like house show and merch/licensing revenues dropping to zero for the rest of the year wouldn't impact that number nor needing the Saudis to bail them out with another Saudi show.
Meanwhile every other notable wrestling company probably going to need a miracle to make any profit this year and none have resorted to doing cuts to save money. Not even Impact and they've been on shaky financial grounds for years. Even Sinclair and their current money issues hasn't been a problem for ROH since they have been paying talent for cancelled shows.
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Oh I'm no way arguing that Vince isn't a complete asshole for firing anybody with the amount of money they are still bringing in. Just specifically that I think Meltzer is a joke of a reporter, and that he is full of shit most of the time.
Quoting $703,000 exactly, that's his typical bullshit style. He is either guessing or taking other general estimates and picking a specific number to portray that he has the scoop.