Posted in: WWE Update on WWE's Investment with Tout, JR Comments on Shaun Ricker, WWE 2K14 Interview
By Marc Middleton
Aug 5, 2013 - 8:35:38 AM
- In the video below, Bryan Williams from 2K Sports talks about what's in store for wrestling fans with the new WWE 2K14 video game:
- In the WWE financial report that was released last week, they mentioned some new details on their investment in Tout:
"On June 25, 2012, the Company invested $5,000 in Tout Industries, Inc.'s ("Tout") Series B Preferred Stock. In July 2012, the Company entered into a two-year strategic partnership whereby WWE would fully integrate and promote Tout's technology platform into WWE's TV broadcasts,digital properties and live events. WWE is eligible to receive up to 11,250 shares of Tout common stock per quarter over the life of the two-year agreement if certain performance metrics are met. During the six months ended June 30, 2013, we achieved the required performance metrics and recorded revenue of $439. The Company increased its investment in Tout for the 22,500 shares it received related to the fourth quarter of 2012 and first quarter of 2013, respectively. The Company recorded a receivable for the shares it expects to receive related to the second quarter of 2013."
- Jim Ross was asked if he knows WWE developmental talent Shaun Ricker, who also just appeared on The Rock's Hero reality show. Ross replied:
"Not well...yet. Excellent project. Happy he's in our program."