-

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.”

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

AEW makes debut in Council Bluffs, Iowa tonight for live Collision

Collision rolls into Council Bluffs, Iowa tonight live on TNT where six matches have already been announced for the...

Triple threat match for the WWE Women’s Tag Team titles at Clash at the Castle

Bianca Belair and Jade Cargill will be putting the WWE Women's Tag Team titles on the line at Clash...

Texas Holdem and winners to earn big

Players who love poker games do not look beyond Texas Holdem. In this game, players utilize an integration of...

Discover more from Wrestling-Online.com

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

Continue reading