tag:blogger.com,1999:blog-19729522.post5448978771552858407..comments2024-03-28T04:33:15.904-07:00Comments on Indeed Wrestling: What we learned during the Q3 results from WWE...Indeed Wrestlinghttp://www.blogger.com/profile/04352453911935389813noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19729522.post-62233822658358092162014-10-30T11:34:56.173-07:002014-10-30T11:34:56.173-07:00The WWE Network continues to be nothing but an unm...The WWE Network continues to be nothing but an unmitigated disaster. They have to average 1,000,000 subscribers during 2015 just to generate OIBDA in the same range that they did in 2011-2012.<br /><br />Had they not launched the network and just generated flat PPV revenue with the TV rights bump the company would be very profitable in 2015 and would not have had to even slash 7% of the workforce. If they had cut expenses they would have been crazy profitable.<br /><br />But the network has set them back significantly causing them to have to slash expenses and also work like the devil to promote the network just to have OIBDA in the range of the last few years<br /><br />Increasing TV rights revenue significantly, cutting 7% of the workforce, and if they are lucky getting to 1 million avg subscribers in 2015 will just get them back to OIBDA levels from 2011 and 2012. So even though they pitched the network as a way to grow it has in reality been a weight that has dragged them down despite the great tv rev increase and cost reductions. <br /><br />One cannot look at the network as anything other than a failure.Anonymousnoreply@blogger.com