Hank Tucker of Forbes recently published an article about AEW. This is where it was noted the promotion got $43.75 million from WarnerMedia in 2020.
It was added the company is still in the red for now as they’ve invested eight figures into the video game department. They've already launched a casino-type game while also working on a GM mode mobile game in addition to their console game.
AEW President Tony Khan commented on the reaction from fans about the investment in the division while doing an interview with PWinsider. He started off by noting that he thought it was comical that anyone would try to spin a negative out of the news.
He noted that their $20 million investment into Epic Games "looks pretty smart now because it's worth a lot more than that now."
He continued, "It's crazy because that's going to be an even bigger investment that's going to pay off huge. I have made this huge eight figure investment into video games, but we won't see any revenue from that until 2022. That's why it's not going to pay off in 2021 on our books. We are going to deliver a great game for people next year and are going to make a ton of money. We'll be very profitable on all things next year."
Khan stated that the wrestling division is "significantly profitable" in addition to noting that is "pretty amazing for a startup that has had the level of investment that we have had and in the amount of time this has been going."
The AEW boss stated the promotion grew during the COVID-19 pandemic and didn't have to lay employees or talent off. He is also optimistic about their future with touring in addition to continuing their success with pay-per-views, and TV contract.