More about the WWE Network It has been reported that many officials inside the WWE are growing more and more frustrated with the success (or lack their of) from the WWE Network. Many believe that it is time to pull the plug on the flagship programming platform before the financial loss becomes even greater. Many factors are attributing to the current lack of support from investors. One being the recent three-hundred and fifty million dollar loss by Vince McMahon. Also, the WWE not meeting their goal of one million subscribers before Wrestlemania 30. The thought was with all of the content from their library, and the savings of having to purchase the PPV every month more people would subscribe but unfortunately that wasnt the case. The real challenge now lays in the hands of Vince McMahon in convincing the investors that his business scheme will work. If you look at the financial platform, the WWE/NBC deal still has a huge profit margin for investors. The cost of maintenance to the network left an eight-million dollar loss in the first quarter, but with the new NBC Universal deal set in place, the WWE looks to bring in a profit of over sixty-million dollars this year alone. Which leaves extra money for new content and expanded library to the WWE Network which will potentially lead to more subscribers and investors. The numbers havent been what people initially expected, but giving the process a little more time, the talks of eliminating the WWE Network should subside and investors will see a gain in their initial investments as well. ~ Immy
Posted on: Mon, 26 May 2014 16:21:59 +0000
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