Eric Bischoff sees no issue with WWE reportedly cutting back on the number of live events after reports that TKO was considering scaling back.
On a recent edition of his “Strictly Business” podcast, Bischoff reacted to the news and downplayed the idea that this is a sign of a big problem within WWE/TKO. He said,
“That’s it. That’s all it means. It doesn’t mean anything else. You don’t have to be a Harvard business grad to react to something like that. They’re losing money in small markets. It doesn’t make any sense anymore.
“They’re growing in other markets, so put your resources behind your growth and quit doing things that don’t make money. F**k. If I was running a Kool-Aid stand, that would be the same thing. Simple. Good for them. I did the same thing in WCW.”
TKO Group Holdings launched in September of this year after WWE reached a deal with Endeavor to be acquired by the latter in April 2023.
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Eric Bischoff, a prominent figure in the world of professional wrestling, has shared his thoughts on WWE’s reported decision to cut back on the number of live events. In a recent episode of his podcast, “Strictly Business,” Bischoff downplayed the significance of this move and emphasized that it is not indicative of a major problem within WWE or its parent company, TKO.
Bischoff stated that the decision to reduce live events simply means that WWE is focusing its resources on markets where it is experiencing growth and profitability. He highlighted the fact that the company may be losing money in smaller markets, which no longer makes sense from a business standpoint. Bischoff drew a parallel by stating that if he were running a Kool-Aid stand, he would do the same thing – prioritize areas where he can make money and abandon ventures that are not financially viable.
TKO Group Holdings, the parent company of WWE, was launched in September of this year following a deal with Endeavor. This acquisition took place in April 2023 and has likely influenced the decision to scale back on live events. By streamlining their operations and focusing on profitable markets, WWE aims to optimize its resources and ensure sustained growth.
It is important to note that Bischoff’s perspective is based on his own experience in the wrestling industry. He previously served as the President of World Championship Wrestling (WCW) and implemented similar strategies during his tenure. Therefore, he sees WWE’s decision as a logical business move rather than a cause for concern.
As fans and observers of the wrestling industry, it is crucial to stay informed about developments like these. Websites such as eWrestlingNews.com provide comprehensive coverage of wrestling news, allowing fans to stay up-to-date with the latest happenings. Additionally, following their social media accounts on platforms like Twitter and Facebook can provide real-time updates and insights into the world of professional wrestling.
In conclusion, Eric Bischoff’s perspective on WWE’s decision to reduce live events sheds light on the company’s strategic approach to maximize profitability. By focusing on growth markets and cutting back on ventures that are not financially viable, WWE aims to ensure long-term success. As fans, we can stay informed about these developments through reliable wrestling news sources and social media platforms.