WWE let go of two of their most senior employees last week who were basically in charge of overseeing the birth and growth of the WWE Network.
Seven days on from this, Vince McMahon told a press conference call the company are now OPEN to selling the rights to all WWE PPV’s effectively taking them off the network
Forbes confirmed the new position by Vince and new senior management at the Q4 brief which showed a 10% decrease in overall subscribers from the start to end of 2019.
“We have a lot of options [for WWE Network monetization]. We could continue on as we are now, with an enhancement of a tier…we also have an option right now—there’s no more better time to exercise the selling of our rights to all the majors who, quite frankly, all the majors are really clamoring for our content. So that could be a significant increase, obviously, in terms of revenue.”
WWE are hoping to benefit from the streaming wars currently going on at the minute with several high end streaming services battling for a foothold and superiority in the market.
If this does happen, it could change very quickly with a deal being done as early as the first quarter of this year.
What does this mean?
The WWE network would no longer have the rights to show PPVs live and you would have to subscribe to whichever streaming service bought the rights to the PPVs and perhaps pay a premium on top of that to watch the events.
Right now, with WWE fans getting so much content for 9.99 it could see the Network take a massive hit.