Sunday, March 15, 2020

Blind Item #3

This massive entertainment company is in dire financial straits and can't afford the payout to a city if they pull out of an upcoming huge event. So, they want the city to make the first move to cancel and then city would have to pay them.

30 comments:

Zach said...

WWE

Zach said...

And Wrestlemania in Tampa

k said...

NBC for the entertainment company & the upcoming Olympics (still on for now)

T. W. said...

Thanks Zach! I was stumped on this one.

Guesser said...

No way will the Olympics go on as scheduled. Later in the summer or even next year, when they might have a vaccine.

T. W. said...

@k

Why would NBC have to pay Tokyo or the International Olympic Committee? The networks that air the Olympic Games share broadcast footage & such because the IOC owns the footage.

I think the IOC has to cancel or postpone the games, not the city.

Freed Weave said...

How is Vince Mcmahon supposed to be a billionaire if he can't even bail out his show?

Rosie riveter said...

Once the trumpster's cult realizes WWE and Nascar is getting cancelled we're gonna get a vaccine
#stat

T. W. said...

@Guesser

Agreed. A lot of IOC sanctioned events are cancelled. Athletes can’t train. There ain’t gonna be no Olympic trials either.

T. W. said...

@Rosie Riveter

I think the last NASCAR event went on without anyone in the stands. That is crazy. Besides. Who wants to watch people drive in circles?

Guesser said...

@T.W.,NBC already paid, if they cancel,they forfeit the money. The IOC will be forced to cancel, though.

T. W. said...

NBC won’t be the only network screwed because of this.

I still think the WWE guess fits the blind better. We'll see.

T. W. said...

@Guesser

I forgot to say that NBC paid for the rights to broadcast the Olympic Games in America years ago. NBC will miss out on advertising revenue & take a hit but they will recover.

Faust said...

I live here in Tampa and this is 100% Wrestlemania

HushHush said...

I can't see the Olympics happening. Just the set up alone is massive. Laying cable alone takes weeks. I have many freelance film crew friends who have worked other Olympics, and they're on the fence as all other productions have shut down, and freelancers can't go on Employment Insurance like other workers. Colds and flu are taken very seriously on set, and this Covid-19 is whole other thing.
Also China won't be ready for test events next winter for the 2022 Beijing Olympics. There is a knock on effect, the IOC really needs NBC, and TV revenue.

Guesser said...

The way it is worded,it likely is Wrestlemania, Japan wouldn't be paying out. And Wrestlemania is in the beginning of April,everything is closed till then at least!

Aquagirl said...

+1@Rosie: 不不不不不

AngryLiberalKTS. said...

+1

squirrelmistress said...

this is all because gronk wanted to be a wrestler

gauloise said...

I can understand about NBC losing advertising, but the blind said they would have to "payout the city" Thaat doesnt make sense for the Olympics, NBC pays the IOCC not the individual cities

IndieRaga said...

Gronk is wrestling now....I'd watch that!

IndieRaga said...

Is everyone in debbt?
Nobody has money?!!
Whats happening? I have 3 friends asking for money today!

Faust said...

@Indie You know how it is.... always ask the drunk guy for money

Faust said...

Oh and @Indie, if the bed is spinning to fast just put one foot on the floor....that will stop it

IndieRaga said...

Ohh...thanks I was trying to control with my mind! Your a tru frend Fasut!

Tierney said...

Laws are changing because of the virus, so chances are a clause like that won't be enforceable, and neither part will get a payout.

sandybrook said...

It’s WWE but they are not in massive financial straits. They have a huge contract with Fox to broadcast their crap on Fox and FS1. The only reason McMahon hasn’t cancelled this yet is for insurance reasons. He doesn’t get any if he cancels, he does if the city pulls out. And he can reschedule it for later in the month since there are no sports, if he has to.

Do Tell said...

Aren't there insurance policies or contractual clauses set up for instances like this -- circumstances beyond their control?

Simon Jenkin said...

you'll never see a billionaire using their own money to bail out their property. they don't want to pay taxes but they're perfectly happy for public money to go on keeping them in business

MrsLolaC said...

But WWE cancelled first so this makes zero sense.

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