WWE Conference Call Notes: Talent Development, WWE Network, Female Talent, More

WWE's investor presentation https://t.co/7IEAgt3RV1

— Brandon Howard (@BrandonThurston) October 26, 2017

Vince is speaking, going over this slide #WWEQ3 pic.twitter.com/3v8tXtRKHh

— Brandon Howard (@BrandonThurston) October 26, 2017

Vince putting over int'l signings. Needs Paul Levesque to help him remember Kavita Devi's name. Paul doesn't try to pronounce Shadia Bseiso.

— Brandon Howard (@BrandonThurston) October 26, 2017

CFO George Barrios now going over finances #wweq3 pic.twitter.com/AjhN2njERO

— Brandon Howard (@BrandonThurston) October 26, 2017

Paul Levesque has never spoken on a call since I've been listening. Possible he's often in the room but has just never participated.

— Brandon Howard (@BrandonThurston) October 26, 2017

Chief Marketing Officer Michelle Wilson now going over this slide #wweq3 pic.twitter.com/8at1iPIgss

— Brandon Howard (@BrandonThurston) October 26, 2017

Jinder Mahal featured in this slide looking at what WWE expects for Q4 and full year 2017 #wweq3 pic.twitter.com/HgcYErXbyl

— Brandon Howard (@BrandonThurston) October 26, 2017

It's a new year, yes it is #wweq3 pic.twitter.com/i6R54Ntt1q

— Brandon Howard (@BrandonThurston) October 26, 2017

Interesting slide visualizing WWE's upcoming TV rights negotiations, the company's biggest source of revenue. #wweq3 pic.twitter.com/vbKhMFj9s8

— Brandon Howard (@BrandonThurston) October 26, 2017

Q&A starting. BTIG asks if WWE is considering breaking up TV and digital rights in new TV deals. Barrios gives a non-answer. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios noted it's a "fairly small cohort" of networks interested in WWE. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Any part of business that could decline next year? GB says "secularly", Home entertainment could (probably will) continue to decline. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios puts over how well Supercard did in the Licensing segment. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Wilson says "we've gone from 100 to almost 200 advertisers", I think in reference to USA Network advertisers. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

As the call is underway, the stock is calming back down, still up 8% on the day #wweq3 pic.twitter.com/wYbEuKE3hc

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios: "We think bundles will exist. There may be different bundlers, but we think bundles will exist." #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios says nobody likes to see TV ratings go down, but "we're a powerful aggregator of eyeballs" #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios reminds an analyst "WWE Network is not a general entertainment network competing with other general entertainment networks." #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios says 2 years from now, WWE Network will "probably" have multiple tiers in it, and will be in at least 1 additional language. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Analyst wanted to know about UK brand, but that was skipped over. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios says the world has changed dramatically since the last TV rights negotiation (2013-2014) #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios says they expect WWE Network subs to "keep growing" next year. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Wilson says it's "early days' for WWE Network in China. "Too early to tell". "Our partners have been pleased". #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

How can we get analogs for "fair value" est on RAW/SD? Barrios doesn't name any analogs. "Ultimate metric is time." #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Analyst Laura Martin questions Vince on international business. "Could we be doing this 15 years ago?" re: signing int'l talent, etc. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios answers instead of Vince. Says content consumption and company has changed. WWE has "muscles" it didn't have before. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios says they see the same kind of "traction" for female performers as male performers, across their data. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios "we're about half way to 3 million" WWE Network subs, referring to the original sub goal for the Network. #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios says "10 years from now" talent development will be "all over the world" #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Wilson says 35% of WWE roster is female, "that number has grown over the past couple of years". #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017

Barrios talks about Cloud9 investment, mentions they make investments that are "strategically important". #wweq3

— Brandon Howard (@BrandonThurston) October 26, 2017