FITE COO Michael Weber was recently the guest on the Wrestling Inc. Daily Podcast. During the show Weber talked about the financial impact of wrestling events being canceled due to the COVID-19 outbreak.
“It’s been pretty interesting. Over the last 5-6 days we’ve had probably 50-60 shows cancelled because we obviously do a lot more than just pro wrestling. The programming from WrestleCon, The Collective and Ring of Honor – there were 27 shows we were planning to air over a three-day period and had strong sales for it before being cancelled.”
“Our company is four years old and we were excited that last year we were in the black. Things were chugging along well and we were doing some big events. We were working with everyone in the combat sports world that matters,” Weber said before noting that they had plans for some upcoming soccer games.”
“We were in a real strong growth mode and this was like a kick in the shins. We’ve got an experienced and energetic group of people here that are looking for alternative programming, so we’re doing the best we can. Will we recoup everything that we’re probably losing? Of course not, but I don’t think it will set us back to dramatically. We are very nimble that we can move very quickly to make changes on what we’re trying to do.”
Click here for the full show.