-

WWE Chief Financial Officer talks about the WWE Network

Earlier this week, WWE’s Chief Financial Officer George Barrios attended the Citi Global Consumer Conference to discuss the WWE business.

Barrios talked how WWE “launched the pay-per-view business” with WrestleMania I and now they are going to”re-imagine” the same business with the WWE Network.

“We are going to take 11 of our 12 pay-per-views – Wrestlemania will continue to be a pay-per-view – and move it to a subscription network,” Barrios said.

The CFO listed the price between $12.99 to $14.99 a month for the network, making their PPV broadcasts more available to people because as he said, today’s pay-per-views are “pretty expensive…and frankly we know that kind of narrow caps our audience because of the high price point.”

Barrios said the price will be easy to afford and they have received a lot of good feedback from their research. The company plans to produce new shows from their 100,000+ hours of library footage as well as airing classic shows.

“At two million subscribers on a steady state basis, it would be fairly transformational for WWE,” Barrios said, saying that that would bring in the range of $50 million to $100 million incrementally.

“At 3 million to 4 million subscribers it really changes the business completely. So there is a lot of focus within the company on bringing this to fruition.”


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Collision rating for 10/26/2024

Collision on TNT this past Saturday drew 321,000 viewers, down 25,000 viewers from the prior week. The show had...

Report: Vince McMahon working to launch new entertainment company

PWInsider.com is reporting in an exclusive story that Vince McMahon is setting up a new company which would "back,...

Thousands of WrestleMania 41 tickets go on re-sale on Ticketmaster

Thousands of WrestleMania tickets went on re-sale on Ticketmaster, showing that despite the incredible cost of each ticket, thousands...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading