During the latest edition of the Wrestling Observer Radio, Dave Meltzer reported that WWE plans to have cities bid for all their pay-per-view events, expanding beyond just the major ones.
In recent years, the sports entertainment giant has accepted bids from cities for events like Royal Rumble, SummerSlam, and Money in the Bank, and of course, WrestleMania.
Meltzer anticipates a gradual increase in this strategy, aiming for four or five shows next year and potentially scaling up to 12 in the future.
Notably, WWE and UFC merged to form TKO Group Holdings earlier this week following Endeavor’s acquisition. This seems to have played a part in WWE adopting the new strategy to maximize revenue from pay-per-view event.
WWE Expands Bidding Process for Pay-Per-View Events
In a recent report by Dave Meltzer on the Wrestling Observer Radio, it has been revealed that WWE plans to have cities bid for all their pay-per-view events, expanding beyond just the major ones. This new strategy aims to maximize revenue and create more opportunities for fans across different locations to experience the excitement of WWE live events.
In recent years, WWE has already accepted bids from cities for events like Royal Rumble, SummerSlam, Money in the Bank, and of course, WrestleMania. These events have been highly successful, attracting thousands of fans from around the world and generating significant revenue for the company. By extending the bidding process to all pay-per-view events, WWE hopes to replicate this success and create a more competitive environment among cities vying to host these events.
According to Meltzer, WWE plans to gradually increase the number of shows involved in this bidding process. Next year, they aim to have four or five shows open for bidding, with the potential to scale up to 12 in the future. This expansion will not only provide more opportunities for fans to attend live events but also create a sense of anticipation and excitement as cities compete to host these prestigious wrestling spectacles.
One of the factors that may have influenced this decision is the recent merger between WWE and UFC, forming TKO Group Holdings under Endeavor’s acquisition. This merger has likely provided WWE with new insights and strategies to maximize revenue from pay-per-view events. By adopting a bidding process for all their shows, WWE can tap into the potential of different markets and negotiate better deals with host cities.
For fans, this expansion means more chances to witness their favorite WWE superstars in action. It also brings the excitement of hosting a pay-per-view event closer to home. With cities competing for the opportunity to showcase WWE’s biggest shows, fans can expect a higher level of production, grandeur, and entertainment.
This new strategy also opens up possibilities for cities that may not have previously been considered for hosting WWE events. Smaller cities or those outside the traditional wrestling hotspots now have an opportunity to showcase their passion for the sport and attract a global audience. This expansion could potentially lead to the discovery of new fan bases and the growth of wrestling’s popularity in untapped markets.
As WWE continues to evolve and explore new avenues for revenue generation, fans can stay updated on all the latest wrestling news on eWrestlingNews.com. The website provides comprehensive coverage of WWE events, backstage rumors, and interviews with wrestlers. Additionally, fans can follow eWrestlingNews on Twitter and Facebook for real-time updates and engaging content.
In conclusion, WWE’s decision to expand the bidding process for all their pay-per-view events is a strategic move to maximize revenue and provide more opportunities for fans to experience live wrestling. This expansion will create a competitive environment among cities, leading to higher production values and a greater sense of anticipation. With the potential for more shows in the future, fans can look forward to witnessing their favorite superstars in action in various locations around the world.