WWE Network Subscriber Number Released, Plans to Go Worldwide

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This morning, the WWE released its second quarter results for 2014 on its corporate website.  In the report, the updated WWE Network subscriber number was released which saw a slight increase for the period.

The company announced that the WWE Network now has 700,000 subscribers, up from 667,000 on April 7 which is the day after WrestleMania 30.  During that period, the network gained 161,000 subscribers but lost 128,000, giving a net gain of 33,000.

The WWE did announce plans to make the WWE Network available worldwide beginning on August 12 which is before the upcoming Summerslam event.  Here is the exact portion from today’s report:

The Company plans to make the U.S. version of WWE Network available on an over-the-top basis starting August 12th in over 170 countries and territories, including Australia, New Zealand, Hong Kong, Singapore, Mexico, Spain and the Nordics, among others. The network is expected to be live in the U.K. by October 2014. Plans for the network in Italy, UAE, Germany, Japan, India, China, Thailand and Malaysia will be communicated at a later date.

Also, the company is introducing a new monthly payment plan of $19.99 on a month-to-month basis.  WWE will continue to keep the price of the Network at $9.99 per month with a six-month commitment for existing customers.

Plus, the WWE Network is launching on several smart TV’s and Blu-ray players in mid-August.

WWE has also reached a new television agreement with Roger Communications in Canada:

The Company has entered into a new 10-year partnership with Rogers Communications, a leading media enterprise in Canada, under a landmark television programming and WWE Network agreement. The partnership facilitates the launch of WWE Network as a traditional a-la-carte Pay-TV channel in Rogers’ cable systems with a preview beginning August 12 and thereafter through other Pay-TV providers outside Rogers’ footprint. The partnership also renews Rogers’ license of the Raw and SmackDown television programs, and grants Rogers distribution rights to the Company’s pay-per-views.

WWE pay-per-view numbers still did solid numbers compared to previous years despite the shows now available on the WWE Network. WrestleMania 30 did 690,000 compared to 1,039,000 for WrestleMania 29 last year.  Remember that last year, the show.  The May Extreme Rules event did 108,000 versus 231,000 last year.  In June, Payback drew 67,000 buys compared to 186,000 in 2013 while this year’s Money In The Bank did 122,000 buys.  The show took place in July last year and earned 199,000 buys.

For the quarter, the WWE reported a loss of $14.5 million.  That is actually good news since the company had speculated that they would have a loss between $15 and $18 million.

 

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