With subscriptions down 10%, WWE says they’ll pursue strategic alternatives to the Network
By
Cain A. Knight Feb 6, 2020, 10:05am EST
WWE has released their earnings results for the fourth quarter of 2019, as well as an outlook on their 2020 business expectations.
https://www.cagesideseats.com/wwe/2...tegic-alternatives-network-subscriptions-down
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Really good article if your into the financials of the business. Ticket sales were down do to fewer live events but the big thing is subscriptions to WWE Network dropped 10%. Considering it's only $9.99 a month I'm surprised. JMO but that a steal for what you get. We watch the PPV each month for the price of a cheap pizza.
Key take away from the article:
"The Company is pursuing several strategic initiatives that could increase the monetization of its content in 2020 and/ or subsequent years. These include distribution of content in the Middle East and India as well as the evaluation of strategic alternatives for the Company’s direct-to-consumer service, WWE Network. At this time, the outcome of these initiatives is subject to considerable uncertainty."
Want to know why they go to Saudi Arabia and Australia each year? Now you know. It's no different than the NFL wanting to expand. It has to go out of the country.