AEW video game investment, current financial standing revealed
In a Forbes magazine article released Tuesday, several AEW financial details were revealed including their current status and how much they have invested into their video game division.
Founder Tony Khan said that he expects the wrestling division of AEW to turn a profit in 2021, but an eight-figure investment in video game development is keeping them in the red for now.
Their largest share of revenue is their WarnerMedia deal, which is $175 million over four years that carries through 2023.
Other notes from the feature, some of which have previously been reported:
- Self-made billionaire Shahid Khan (Tony’s father, Jacksonville Jaguars owner) invested nearly $100 million to start up AEW.
- Shahid took then 13-year-old Tony to a 1996 ECW show in Philadelphia as a reward for taking an entrance exam for a labratory high school operated by the University of Illinois.
- Shahid didn’t think AEW was a good idea, but told his son, ‘Look, when I’m dead and gone, I’m going to be leaving you and your sister a lot of money. Why don’t you blow some of that while I’m alive?’”
Since 2011, Josh has been a contributing editor to Wrestling Observer/F4WOnline.com and also hosts the Punch-Out podcast. He has also written for Fight Magazine, Bloody Elbow, Bleacher Report, and other websites. He's a 2000 graduate of the University of Maine, worked in pro sports, and once was an indie ring announcer.