Segment Information | Segment Information The Company currently classifies its operations into ten reportable segments. The ten reportable segments of the Company include the following: Network (which includes our pay-per-view business), Television, Home Entertainment and Digital Media, which are individual segments that comprise the Media Division; Live Events; Licensing, Venue Merchandise, WWEShop, which are individual segments that comprise the Consumer Products Division; WWE Studios, and Corporate and Other (as defined below). The Company presents OIBDA as the primary measure of segment profit (loss). The Company defines OIBDA as operating income before depreciation and amortization, excluding feature film and television production asset amortization and impairments, as well as the amortization of costs related to content delivery and technology assets utilized for our WWE Network. The Company believes the presentation of OIBDA is relevant and useful for investors because it allows investors to view our segment performance in the same manner as the primary method used by management to evaluate segment performance and make decisions about allocating resources. We do not allocate certain costs included in OIBDA of our Corporate and Other segment to the other reportable segments. Corporate and Other expense primarily includes corporate overhead and certain expenses related to sales and marketing, including our international offices, and talent development functions, including costs associated with our WWE Performance Center. These costs benefit the Company as a whole and are therefore not allocated to individual businesses. Included in Corporate and Other are intersegment eliminations recorded in consolidation. We do not disclose assets by segment information. In general, assets of the Company are leveraged across its reportable segments and we do not provide assets by segment information to our chief operating decision maker, as that information is not typically used in the determination of resource allocation and assessing business performance of each reportable segment. 3. Segment Information (continued) The following tables present summarized financial information for each of the Company's reportable segments: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, Net revenues: Network $ 40,883 $ 26,119 $ 118,618 $ 87,786 Television 65,247 42,198 175,532 126,277 Home Entertainment 2,937 3,625 10,756 19,488 Digital Media 5,809 5,001 13,888 16,879 Live Events 26,046 21,742 91,782 83,742 Licensing 11,557 10,011 39,325 29,534 Venue Merchandise 4,889 4,163 17,960 15,663 WWEShop 5,990 4,290 17,119 12,485 WWE Studios 1,751 1,928 5,334 8,009 Corporate & Other 1,123 1,106 2,278 2,202 Total net revenues $ 166,232 $ 120,183 $ 492,592 $ 402,065 OIBDA: Network $ 17,653 $ 2,317 $ 33,385 $ (8,619 ) Television 26,552 20,712 73,691 43,001 Home Entertainment 1,336 1,277 3,994 10,423 Digital Media 3,243 2,004 2,273 811 Live Events 6,432 3,850 30,683 23,149 Licensing 7,062 5,828 24,305 16,450 Venue Merchandise 1,753 1,632 7,009 6,325 WWEShop 1,052 729 3,590 2,400 WWE Studios (896 ) (421 ) (1,295 ) 940 Corporate & Other (40,738 ) (35,237 ) (120,012 ) (113,974 ) Total OIBDA $ 23,449 $ 2,691 $ 57,623 $ (19,094 ) Reconciliation of Total Operating Income (Loss) to Total OIBDA Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, Total operating income (loss) $ 17,878 $ (5,039 ) $ 40,295 $ (39,742 ) Depreciation and amortization 5,571 7,730 17,328 20,648 Total OIBDA $ 23,449 $ 2,691 $ 57,623 $ (19,094 ) 3. Segment Information (continued) Geographic Information Net revenues by major geographic region are based upon the geographic location of where our content is distributed. The information below summarizes net revenues to unaffiliated customers by geographic area: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, North America $ 125,857 $ 93,866 $ 373,607 $ 318,842 Europe/Middle East/Africa 22,736 11,646 75,150 47,840 Asia Pacific 15,901 13,704 38,388 30,991 Latin America 1,738 967 5,447 4,392 Total net revenues $ 166,232 $ 120,183 $ 492,592 $ 402,065 Revenues generated from the United Kingdom, our largest international market, totaled $16,297 and $7,699 , and $49,609 and $27,606 for the three and nine months ended September 30, 2015 and 2014 , respectively. The Company’s property and equipment was almost entirely located in the United States at September 30, 2015 and 2014 . |