WWE will look to make a lot of money as they aim to cut costs in the ner future.
During WrestleMania weekend, the news would be revealed that WWE was being sold to Endeavor. Many fans were quick to note how many cuts Endeavor has made in the years following the companies purchase of the UFC. Now, it looks like WWE will be doing the same.
While speaking to Lightshed Live, Nick Khan revealed that WWE will be making at least $50 Million in aggressive cuts. He would also note that the onscreen product will see little to no changes.
“If you look at what Endeavor was able to take out, cost-wise, from UFC in 2016 or shortly after that deal was done, we have the same expectation here. We think 50 (million) is a really conservative number. We have integration teams now, we’re going to get those in shape, I think we’ll have a better sense of it in a month or two. We’re going to be pretty aggressive with them to make sure that, for our shareholders and for our company, our organization is as lean and mean as possible, and we’re going to rely on the Endeavor flywheel to make up the rest.
The most important thing is to leave the product untouched. Untouched, meaning, if Triple H and Kevin Dunn want to evolve it, great, but in terms of cutbacks there, that’s not what we’re looking to do.
Nick Khan
Of course, cuts are nothing new in the world of WWE, as the company has been no stranger to letting go multiple talents on the same day in one swoop.
We will have to see how many cuts are made in the foreseeable future.
H/T to Ringside News
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