wrestling / Columns

The Hamilton Ave Journal 08.23.08: Volume 1 – Issue 48

August 23, 2008 | Posted by JP Prag

THE HAMILTON AVE JOURNAL
By JP Prag

Volume 1 – Issue 48

ABOUT THE JOURNAL

The Hamilton Ave Journal is the only wrestling news report focused solely on the business of wrestling. Here in the Journal we not only look at the stories that are important to the investor and business-minded person, but also delve deeper into stories that most fans of wrestling would overlook. That is because the Journal is about getting the heart of the matters that affect the companies and outlooks of the wrestling world.

And where is Hamilton Ave? That is the location of the WWE Production Studio in Stamford, CT, and thus the most powerful place in the wrestling world. Besides, The East Main Street Journal just does not have the right ring to it.

Who am I? I am JP Prag: consultant, entrepreneur, businessman, journalist, and wrestling fan.

Now, ring the bell because the market is open.

The Hamilton Ave Journal

WHAT’S NEWS

The Journal’s front page area known as What’s News isn’t just about telling you what has happened. The stories in this section are about what will have an effect on the wrestling industry, individual federations, and the wallets of the fans.

LEAD STORY: Where have all the trademarks gone?

The WWE and TNA are well known for patent protection to maintain their intellectual property rights. This is why Team 3D is not called the Dudleys in TNA, Evan Bourne is not called by his indy name, and ROH cannot produce Starrcade. From time-to-time, though, these companies let trademarks expire and produce new ones. The Journal has done some investigation to see what are the latest adds (Live) and deletions (Dead) in the wrestling trademark world.

All of the below is courtesy of the United States Patent and Trademark Office Trademark Electronic Search System

First up is the WWE and some of their recent Dead trademarks:

Trademark Abandon Date Analysis
MNM April 26, 2008 With Joey Mercury not on the roster and Johnny Nitro being John Morrison and tied it up in ECW, there was no need to keep this around.
King Booker May 8, 2008 As expected, Booker T being in TNA would make this one useless for the WWE, but it seems odd that they did not maintain it. Although this mark requires Booker T’s consent, he can now use an abandoned mark in TNA. Although this most likely will not happen as the WWE can demonstrate they still have an implied copyright on the King Booker intellectual property.
Friday Night RAW September 15, 2006 Although this one happened two years ago, it is interesting to note. It appears as if at one time the WWE was considering the possibility that RAW would move to Friday or that AM RAW would air on Fridays.
Mr. Thursday Night April 21, 2008 Quite an odd one that only recently went away. Mr. Thursday Night used to refer to Rob Van Dam (although it does not specify him in the trademark). But RVD had not been on SmackDown in quite some time and SmackDown has been on Friday nights for two years.

Also for the WWE are some of their newer trademarks:

Trademark Filing Date Analysis
Ring Things Jun 23, 2008 These are described as basically drawing, paintings and comics related to the wrestlers. Most likely this is for a new product in customized paintings as well as comic strips for the Kidz Initiative.
WWE Universe June 9, 2008 This term has been batted around television (even during serious interviews) in recent weeks and appears to be part of the WWE’s latest branding effort. The hope would be around to create something like “Red Sox Nation”.
Rhyno February 21, 2008 Either the WWE thought they were going to negotiate Rhyno back and were preparing for him or this is pure maliciousness to make sure he does not use the Y.
William Regal August 11, 2008 This mark must have become abandoned at one point and the WWE realized, with Regal being one strike away from being fired, that they need to take control of the intellectual property of the name.

Over in TNA, they have fewer trademarks and therefore less to abandon:

Trademark Abandon Date Analysis
Raven April 1, 2008 Since Scott Levy owned Raven anyway, it seems odd that TNA would have tried to have this trademark at all. What is interesting is the timing as less than 7 weeks later Raven filed suit against the WWE. Perhaps knowing that TNA had no plans for his trademark Mr. Levy knew that he needed to take some action for financial gain.
Austin Starr January 21, 2008 Since TNA and Austin Aries parted ways long ago and Austin Starr had little cache, this one seems completely logical.

TNA has been filing a few new trademarks during this time, though:

Trademark Filing Date Analysis
TNA iMPACT! Total Nonstop Action Wrestling July 25, 2008 This mark was specifically written for the video games. This is not a good sign that TNA is just trying to get a trademark for video games after developing one for three years.
TNX May 25, 2008 This mark calls specifically for exhibition of wrestling events, so perhaps TNA is considering a name change after all?
Cross the Line February 21, 2008 TNA’s current slogan is still out for review. The Trademark office sent a request for additional information on June 4, 2008 and TNA has still not responded.

As can be seen, trademarks can reveal a lot of what these wrestling companies are up to… or what they are not planning to do anymore.

Newsbites

Some items of note in the rest of the wrestling business world:

  • TNA’s Hard Justice PPV in Trenton, NJ drew 3,500 paid fans. TNA has announced that they will no longer paper buildings to give them a larger look on TV as they feel it will be bad for business. The Journal agrees that papering a building does not help the bottom line, but would also recommend that TNA go to smaller venues as they do not have the drawing power to fill a 10,000 seat arena at this time. TNA has always tried to take giant leaps and live beyond their means, but in situations likes this it would be best for TNA to sell out a 2000-seat arena then have 5000 empty ones.
  • Recently added to the Board of Directors member Frank Riddick made an inside trading purchase of WWE stock. Mr. Riddick purchased 3,000 shares at between $16.15 to $16.21, to a sum of over $48,000. Prior to this, Mr. Riddick owned just 125 shares. This is quite a premium Mr. Riddick has paid for a job he just received and was more likely paid for by TowerBrook Capital Partners as a gesture of goodwill.
  • Mexican wrestling promotion AAA returns to American PPV this Sunday with a “Legendary Battles of TripleMania” feature. AAA has also been on tour with the Vans Warped Tour in California.
  • WWE Executive Vice President of Global Media Shane McMahon recently went to Mexico to meet with Televisa Network. Televisa is the largest over-the-air television network in Mexico and currently home to CMLL and AAA programming. Mr. McMahon was most likely negotiating WWE rights in Mexico and to increase presence in the country. The WWE covets the Latino demographic, and having a larger presence in Mexico will help tremendously with that effort.
  • ROH is planning to expand into new markets. Already on the docket is the St. Louis, MO area. St. Louis was a hot wrestling town throughout the 60’s, 70’s and into the 80’s and remained a strong draw for WWE and WCW after that. Also planned (although no date is set) is Nashville, TN, which happens to the corporate and media home of TNA Entertainment.

    MARKETPLACE

    In the Marketplace we look at the trends in television ratings. This section is less for critical analysis by the Journal but more for the reader to see what is really going on and to draw their own conclusions.

    As with stocks, here in the Journal we track the progress of television ratings. If ratings are the barometer by which we judge the product, then over the course of 52 weeks we should be able to see patterns, trends, and anomalies. Please note that gaps in the chart below are due to data not being released/available.

    For the week ending Thursday August 21, 2008, here are the current standings of our shows:

    Ratings

    RAW
    Close (This Week’s Rating): 3.3
    Open (Last Week’s Rating): 3.1
    Percentage Change: ▲ 6.5%
    52-Week High: 4.1
    52-Week Low: 2.5
    All Time High: 8.1
    All Time Low: 1.8

    SmackDown*
    Close (This Week’s Rating): 2.4
    Open (Last Week’s Rating): 2.0
    Percentage Change: ▲ 20.0%
    52-Week High: 2.9
    52-Week Low: 1.6
    All Time High: 5.8
    All Time Low: 1.0

    * SmackDown! ratings may include fast overnight if final ratings are not posted. Also, SmackDown! ratings are for the prior week as overnights are not available before this article goes to print.

    ECW
    Close (This Week’s Rating): 1.5
    Open (Last Week’s Rating): 1.2
    Percentage Change: ▲ 25.0%
    52-Week High: 1.6
    52-Week Low: 0.6
    All Time High: 2.3
    All Time Low: 0.6

    TNA iMPACT**
    Close (This Week’s Rating): 0.9
    Open (Last Week’s Rating): 1.0
    Percentage Change: ▼ 10.0%
    52-Week High: 1.2
    52-Week Low: 0.9
    All Time High: 1.2
    All Time Low: 0.6

    ** TNA iMPACT’s are for the prior week as ratings may not be available at the time of the Journal’s posting

    Analysis:

    After taking an initial pummeling due to the Olympics, all of the shows save iMPACT rebounded this week with some large gains. Both SmackDown and ECW returned to pre-Olympic levels—which is especially significant for the SmackDown rating as it is from last week when the games were still going in full force and setting ratings records. RAW’s rebound is still down to where they were a few weeks ago, but more in line where they were pre-draft. As Labor Day approaches, it will most likely be another down to slight gain week before things start to pick up a bit. This is except for TNA who traditionally sees their lowest ratings in the lead-up to Bound for Glory.

    MONEY AND INVESTING

    We all know that wrestling is a business, but we don’t often pay attention to what sells and makes money. Money and Investing looks into the top selling items in the world of wrestling and any interesting figures that may have come out this week.

    What are the top ten selling items for the WWE? From WWEShopZone.com:

    1. WWE Ultimate Rivals Trading Cards ($2)
    2. Jeff Hardy Armbands ($15)
    3. WWE Superstars Folder ($5)
    4. John Cena You Can’t See Me Backpack ($35)
    5. WWE Superstars Spiral Notebook ($5)
    6. Hardys Messenger Bag ($35)
    7. WWE Black Gift Bag ($3)
    8. Hardys Purple Logo Pendant ($10)
    9. D Generation X Backpack ($35)
    10. Hardys WWE Shop and Jakks Pacific Exclusive Action Figure ($34.99, on sale $24.99)

    The message from last week is still the same: it’s back to school time in the WWE. Joining the growing list of school paraphernalia this week is the D-Generation X Backpack. Despite no DX angles being run and the true heyday of the group being over a decade ago, DX merchandise continues to perform extremely well. At least in this case it involves wrestlers still on the roster, but too often retired wrestlers are far outsold existing roster members for weeks on end.

    TNA releases a list of Top Ten selling items, but the list has not been updated to current products in quite some time. Until TNA updates the list, the Journal will be take the list of featured products and sorting by most popular. When done so, the list comes up as:

    1. TNA Global iMPACT DVD ($19.99)
    2. Bound for Glory 2008 FanFest Tickets ($40)
    3. The Phenomenal AJ Styles Deal of the Century ($79.95)
    4. AJ Styles “Unim Phenomenous” T-Shirt ($19.99)
    5. Complete 100 Card Set ($24.99)
    6. Nash “Big Sexy Tour” T-shirt ($19.99)
    7. Samoa Joe “Drastic Times, Drastic Measures” T-Shirt ($19.99)
    8. Sting “Logo” T-Shirt ($19.99)
    9. Blaster Pack ($24.99)
    10. TNA “Cross The Line” T-Shirt ($19.99)

    The only movement this week on TNA’s list was the Fanfest tickets swapping places with the AJ Styles set. The fact that the AJ Styles set is still on the list and not sold out three weeks later (only 100 are available) does not make this list look particularly impressive.

    PERSONAL JOURNAL

    Wrestling isn’t just about watching and reading. The best way to be a wrestling fan is to experience it live. Where is wrestling coming to in the next 2 weeks? The Personal Journal answers that question.

    Sunday Monday Tuesday Wednesday Thursday Friday Saturday

    24 (Aug)

  • RAW Live
    Bethlehem, PA
  • SmackDown/ECW Live
    Canton, OH
  • TNA Live
    Wichita, KS
  • 25

  • RAW
    Wilkes-Barre, PA
  • TNA iMPACT
    Orlando, FL
  • 26

  • SmackDown/ECW
    Pittsburgh, PA
  • TNA iMPACT
    Orlando, FL
  • 27 28 29

  • RAW Live
    Cedar Rapids, IA
  • 30

  • RAW Live
    Peoria, IL
  • SmackDown/ECW
    Jonesboro, AK

  • 31

  • WWE SuperShow (St. Louis, MO)
  • 1 (Sep) 2 3 4 5

  • SmackDown / ECW SuperShow (Rochester, NY)
  • TNA Live (Westbury, NY)
  • 6

  • SmackDown / ECW SuperShow (Jamestown, NY)
  • TNA Live (Manhattan, NY)
  • Do you know a wrestling event coming up? Send one in to The Hamilton Ave Journal and we’ll be sure to add it to the list.

    EDITORIALS

    The Editorials section is designed for you, the readers, to respond to the views presented in the Journal, send an important news item, or talk about another overlooked business related item in wrestling. Just beware: the Journal reserves the right to respond back.

    From the commentary section last week, some people questioned the validity of comparing hits of various wrestling news websites, starting with Guest#0728:

    The 411 hits are misleading, seeing as wrestling is only one portion of the website’s content. The politics, sports, entertainment, etc. sections all garner hits that no other wrestling site would otherwise get.

    Eric L. was also in agreement:

    The web site evaluation was a huge disappointment. While wrestling might have driven your hits a long time ago that’s not currently the case. I seem to recall a time where Ashish was getting a lot of recognition for his political reporting, and you have gotten a following in other areas of the site as well. While you have 4 times the hits you also cover 9 areas that the others don’t. What you did was akin to ESPN using their front page numbers to say that they are the number one baseball site. It’s deceptive. I would expect this kind of thing from others whose job it is to state opinions and back them up.

    While the Journal understands your thoughts and agrees that 411wrestling.com attracts a broader audience with different zones, you have grossly overestimated how much they bring in. No offence to Politics—they are excellent writers and do bring in an audience—but the crux of this website is still wrestling news.

    If wrestling only accounted for 50% of the unique hits, it would still far out-surpass those other sites. Also, Larry Csonka has several times in the past year talked about the large growth in all zones, including wrestling. So while the Wrestling Zone may not be growing at the rate of the MMA Zone, it is still growing and not shrinking by 60%.

    On the subject of MMA, many of these other sites actually do have MMA coverage and others have added “pop-culture” areas to expand readership. So in actuality, the comparison is much closer than you believe. But what was interesting was the idea of comparing the numbers of other sites, as Guest#3385 points out:

    I went to compete.com and YouPorn.com has the same amount of hits of wwe.com and ufc.com combined.

    The Journal was intrigued and did this comparison as well:

    YouPorn.com beats WWE.com and ESPN.com

    As can be seen, YouPorn.com is outperforming WWE.com and ESPN.com (and surprisingly WWE.com is outperforming ESPN.com). Pornography is an $18 billion a year industry and should never be overlooked for their economic impact and business acumen.

    The other big topic last week was on Scott Levy’s (aka Raven) suit against the WWE to try to be recognized as an employee and not an independent contractor. 411mania’s own DaFranchise said:

    Excellent, excellent, excellent article. Laying out the Employee vs. Independent Contractor information was nice. Very informative and easy to understand. WWE doesn’t have much ground to stand on.

    And Eric L from above more appreciated that story:

    Great article on the ramifications of the Scott Levy suit. That’s the kind of analysis I’ve grown to enjoy and expect from you. I’m a regular visitor, and I revisit the article on another computer sometimes as well to reread and show others some of your better points.

    As stated last week, the case seems pretty cut and dry. The question is how long with the WWE drag it out in court and how much in back-taxes will the IRS charge them? Another point is that TNA is going to be immediately impacted by this because they have a large number of the same issues. Although they do not have as many of the “yes” answers as the WWE, more than a few is enough. But from what TNA wrestlers told this reporter, TNA does not pay enough to make it a huge impact on their pocket books. Still, TNA cannot afford any additional cost in their precarious profitability.

    eRIC also wanted to ask a question about profitability and sales:

    Do you know the actual numbers of whats being sold in the top 10s? Because if the number one spot is only getting like 10 people a week, then how impressive is that really?

    Unfortunately, those type of figures are not released publicly, but as noted in the TNA merchandise section this week having something with a 100 unit inventory in the Top Ten for three weeks and still not be sold out is not a good sign for volume there.

    Plenty more was written, so be sure to take a look. And of course, a week would not be complete without a good dose of JP Prag’s own HIDDEN HIGHLIGHTS!!

    CLOSING BELL

    This concludes Issue #48 (Volume 1) of THE HAMILTON AVE JOURNAL. Join us next week as we get ready to ring the bell again.

    Till then!

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    JP Prag