On a recent edition of his podcast, The Jim Cornette Experience, Jim Cornette spoke about how much money NXT loses. He compared this to his time working for WWE’s old developmental system: Ohio Valley Wrestling (OVW). Here are some of the highlights (h/t to Wrestling INC):
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On how much WWE loses with NXT:
“NXT in 2016 sold $7 million in tickets and had $20 million in expenses. In 2017, NXT had let’s say $6 million in ticket sales and $25 million in expenses… In all honesty, 2016 they lost $13 million, 2017 they lost $19 million and that’s not a ton of money for that whole company and organization up there. But can you imagine what me and Danny Davis could’ve done with Ohio Valley Wrestling if they said, ‘OK guys, you can bring in anybody that you want that’s not on the main roster or signed to New Japan and you can lose $32 million over the next two years.’ Holy f**k!”
Cornette on His Success With OVW:
“We already had the highest rated show on the station’s Saturday schedule we were on… We had numerous events that drew large houses at the Gardens and we drew at Six Flags and we produced a ton of talent. I don’t know what the percentages would be but I guarantee we didn’t lose $32 million,” he said. “That’s the thing, Ohio Valley Wrestling never lost money since it’s been in operation. There have been a few years it may not have made much, but at that point in time it was the only full-time company with television running regular events in the United States besides the WWE that was profitable.”
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On Why WWE Makes The Investment:
“I understand they’re making the investment in training the future superstars and they have to, they’ve figured out that they have to because they’re not getting them from anywhere else, so they have to train their own, but my God!”
Discussion: Your thoughts?