WWE issued the following press release today:
WrestleMania Makes Close to $50 Million for Host City
STAMFORD, Conn.–(Business World)– World Wrestling Entertainment announced today that The 25th Anniversary of WrestleMania generated a $49.8 million dollar economic windfall for the greater Houston area, according to a study conducted by the Enigma Research Corporation. Despite one of the biggest economic downturns in recent history, local and state governments collected $5.7 million in taxes. This follows the $51.5 million of economic impact WrestleMania XXIV brought to Orlando.
"Having the opportunity to host The 25th Anniversary of WrestleMania was a huge honor and success," said Greg Ortale, President and CEO of the Greater Houston Convention & Visitor`s Bureau. "The direct expenditure demonstrates that WrestleMania is indeed economically on par with the world`s greatest sports and entertainment offerings."
"Our overarching goal with our public and private sector partners is to consistently provide positive economic impact for WrestleMania`s host communities and establish a lasting pro-social legacy, "said John P. Saboor, Senior Vice President of Special Events for World Wrestling Entertainment.
A capacitycrowd of72,744from all 50 states, 24 countries and seven Canadian provinces attended the pop culture extravaganza. Key highlights from the study included:
* $49.8 million of direct, indirect and induced impact derived from spending by non-locals visiting specifically for The 25th Anniversary of WrestleMania, equating to 600 full time jobs for the area.
Next year, WrestleMania XXVI will take place March 28, 2010 from University of Phoenix Stadium in Glendale, AZ. Tickets go on sale Saturday, November 7 at 10 AM MT through the University of Phoenix Stadium box office, all Ticketmaster outlets, www.ticketmaster.com, or charge by phone at 1-800-745-3000. The event will be broadcast live on pay-per-view, and viewed in more than 100 countries.
Enigma Research Corporation is an international consulting firm which specializes in measuring the economic impact of special events. Enigma`s economists developed a customized model which converted expenditures into economic impact, employment created and taxes generated as a result of the event.
World Wrestling Entertainment, Inc., a publicly traded company (NYSE: WWE), is an integrated media company and recognized leader in global entertainment. With programming broadcast in more than 145 countries and 30 languages, WWE provides 22 hours of weekly PG-rated programming domestically, in addition to 14 pay-per-views a year. Each week, 16 million people tune-in domestically to see WWE Superstars and Divas on Monday Night Raw, Friday Night SmackDown, ECW, and WWE Superstars` with millions more internationally. WWE holds more than 300 live events, entertaining over two million fans a year. The company`s brand extends across multiple platforms including: WWE Studios; WWE.com and WWEKids.com; WWE Magazine and WWE Kids Magazine; licensed merchandise; music and home entertainment. In addition, WWE "In Your Corner" is WWE`s charitable arm that focuses on literacy programs, civic engagement, military support and a 20+ year partnership with the Make-A-Wish Foundation. More information on World Wrestling Entertainment can be found at http://corporate.wwe.com/
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