Whodathunkit? Professional Wrestling a Recession-Proof Media Investment

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In an otherwise sandpaper dry Hollywood Reporter story about how media conglomerates are staring to pay their shareholders dividends again, writer Georg Szalai tacks on one of the most fascinating throw-away kickers we’ve read in quite some time.

“Sports entertainment powerhouse World Wrestling Entertainment is an industry dividend-yield champ: Its 36 cents per share quarterly dividend amounts to a yield of 8.8%.”

Yes, you read that right. If only you’d have invested your life’s savings in the WWE a couple of years ago — instead of that eight-bedroom, public transportation-adjacent monstrosity in Van Nuys — you’d be a rich bastard right now, with your choice of bargain-basement, foreclosed Van Nuys monstrosities.

With all apologies to Sarah Palin, capitalism sure can be retarded, can’t it?

Photo Illustration: WWE