WWE CFO on Earnings

" economic such talk about WW. Either earnings smack down that the company's revenues from outside North America went up 17%. We're joined now we're Fox Business exclusive behind the chief financial officer WW George burials. Georgia thanks for coming -- we are -- that that everybody's focusing on that revenue line and a lot of people are having trouble with the revenue line. Why are you having so much success of your top line. Hi -- Cheryl thanks for having me. Well we had a great quarter on the top line it's the first quarter of this year that we we've been up year over year were up about 2% and it was really driven by a few more businesses are -- business was up about 34% are venue merchandise business. Was up about 2% -- TV rights business was up 16% and finally our dvd business which it really had a tough time the first couple of quarters was up about 2%. We still have some headwind in in our paper view and -- and our licensing business. Which obviously very influenced by -- consumer trends. But we think a lot of the smart things that we've done on the pricing side we lowered some of our lower ticket price ticket for our events. A little bit. As wolf what we're doing on the marketing side of what we're doing on the content side that that combination is -- really help us had a terrific quarter in the third quarter and the real good about that."

" What's behind raising the growth rate you're now saying that between this year in 3215. To 20%. Increase in growth is second to be domestic -- international."

" Yeah how -- company doesn't give guidance what we have done historically is -- long term guidance. And this is our updates that long term guidance and as you mentioned reset from 2009 to 2012. We think we can grow our earnings fifteen to 20% on average a year. And in a fairly low to moderate revenue environment that's what we're -- we want to plan for higher earnings growth. In a load of moderate revenue environment and if if the economy picks up a little bit quicker. That we plan for the net leverages down to bottom line where it's coming from. A few places -- TV contracts worldwide we feel really good about our opportunities to establish new ones as well as improve the current deals that we have. We have a partnership -- Mattel that we're really excited about the kicks off on January 1 2010. We've been working with them for about a year and a half. They've been developing product that'll go on the shelves in 2010 and and that's a long term partnership and we think that's good idea -- a big tail wind for us. And an internationally we feel good about the domestic business but we think there's a lot of opportunity continued the good performance internationally. You guys mentioned we were up 17% in the quarter outside the US."

" Plus an -- and a lot. Answer fairly just when you're just talking and right now we're showing. Female wrestlers I mean have been no -- closing showing more female wrestling bouts and has up playing overseas in some markets that. You know women really don't have a lot of rights and has a plane."

" Well and -- is that you referred to -- as well as arts superstars are really popular in the US and they're really popular overseas different markets up. Well different market different specific superstar the specific even that might be more popular but overall we see just a lot. Engagement with our content double our superstars and our -- across the world are -- very as the CF the -- age -- spent the last time. -- one thing I wanted to follow up the last time I I invited you guys to one of our banks were playing at a garden on November 16 so we're going to send you some tickets are likely he'll join me."

" The would you like to meet my day it was McDonald -- we'll see you there polygamy."

" And Charlotte going to do it smack down on Mandela. "

" Okay."

" my guy so hard all flight data that -- Yeah a couple of folks get -- pile drive may very."

" The navy and I should mention that and it really isn't George that showing the video of the -- wrestlers at a production assistant Josh it's as they aren't many I thought."