AEW faces challenges just like all business while dealing with the coronavirus outbreak in the United States.
As a result of this virus, AEW had to start running empty arena shows back in late March with no fans in attendance. The promotion held some live shows while also holding a string of TV tapings in April.
Now, the promotion is holding a mixture of live and taped episodes of AEW Dynamite on TNT. In fact, they’ll run an empty arena show with its Double or Nothing pay-per-view event next Saturday.
Dave Meltzer reported in the latest edition of the Wrestling Observer Newsletter that AEW made a “very small” profit in the month of April.
It was noted that the costs were reduced to them holding the string of TV tapings instead of doing weekly TV events. While the reduced costs were a good thing, it was not enough to offset the loss of the live gates from what would’ve been.
The virus caused AEW to cancel five planned TV events. AEW still did slightly better than break-even for the month. The reason for that was due to the money they receive from TNT for TV, online merchandise sales, and costs being down.
Despite holding the string of TV tapings, AEW still paid all staff and talent, and the production crew just the same as if they were running weekly shows. The promotion saved money because they had everyone fly in and out at the same time during taped shows instead of paying for everyone to make five trips to various locations.
The five canceled shows in Milwaukee, St. Louis, Boston, Philadelphia, and Houston were expected to draw good money for the live gate but they were postponed due to the virus.
Shows in Rochester and Newark were expected to be two more high-grossing events. AEW had hoped to start being profitable at this time and make back some of the financial losses from the first of this year.