Big Show’s SummerSlam Status, Update On WWE’s Tout Service
-WWE Superstar The Big Show recently spoke with Pittsburgh’s NBC affiliate, WPXI, to promote Saturday’s broadcast television premiere of WrestleMania 29. You can check out that interview online at WPXI.com.
-Speaking of Big Show, WWE is reportedly still waiting for him to get official medical clearance to return to in-ring action. With SummerSlam only two weeks away, WWE needs Big Show to get clearance as soon as possible if they want to include him on the pay-per-view lineup.
-On ther 10-Q document, WWE mentioned the following about their “Tout” service:
“On June 25, 2012, the Company invested $5,000 in Tout Industries, Inc.’s (“Tout”) Series B Preferred Stock. In July 2012, the Company entered into a two-year strategic partnership whereby WWE would fully integrate and promote Tout’s technology platform into WWE’s TV broadcasts,digital properties and live events. WWE is eligible to receive up to 11,250 shares of Tout common stock per quarter over the life of the two-year agreement if certain performance metrics are met. During the six months ended June 30, 2013, we achieved the required performance metrics and recorded revenue of $439. The Company increased its investment in Tout for the 22,500 shares it received related to the fourth quarter of 2012 and first quarter of 2013, respectively. The Company recorded a receivable for the shares it expects to receive related to the second quarter of 2013.”
[Partial Credit: PWInsider.com]