The WWE held a conference call this morning discussing the WWE Network. Chairman Vince McMahon and Chief Strategy & Financial Officer George Barrios were on the call. We were on the call and here are highlights from the call:
-McMahon says that the Network will also help increase ratings for WWE television.
-Barrios says WWE believes that the Network will help in other lines of business in TV ratings, consumer products and more.
-Online viewers is expected to overtake traditional TV viewers soon and is quickly growing in younger people.
-Financial impact of domestic @WWENetwork estimate that can make $50-$100 million at a steady rate.
-WWE financials for year could be a wide range depending on immediate impact of the Network and loss of PPV revenue.
-By the end of 2014, WWE expects to have over 1 million subscribers domestically and then adding to the VOD library.
-Question on how Network will increase TV ratings: Vince McMahon says value of Raw is live and also a value USA Network sees.
-Believed they will have something to announce on new TV deals by end of April or early May.
-Range of 2-3 million people showed in research would be interested in paying for the Network.
-As to why you cannot sign up for WWE Network right now, Barrios said because of PPV deals and events.
-Barrios: If we get to 2-3 million subscribers, we will be reinvested heavily in WWE programming.
-1 million subscribers by the end of the year is the target. That would be before WWE Network goes into international markets.