Is WWE Getting Rid of the WWE Network?
Contents
We’re taking a look at the rumors that WWE is getting rid of the WWE Network. Is there any truth to them? And if so, what would this mean for WWE fans?
Introduction
In recent years, WWE has been increasingly focusing on its digital platforms, including the WWE Network. However, there has been speculation that WWE may be getting rid of the WWE Network in favor of other digital platforms.
What is the WWE Network?
The WWE Network is a streaming service that launched in 2014. It is available in over 180 countries and features all live WWE pay-per-view events, original programming, on demand content, and a 24-hour linear streaming network. It is available on numerous devices including Amazon Fire TV, Apple TV, Roku, PS4, Xbox One, and more. The network cost $9.99 per month with a 6-month commitment required for new subscribers.
In 2017, WWE announced that they would be launching a new over-the-top platform called the WWE Network. This platform would allow users to sign up for a monthly subscription that would give them access to live pay-per-view events, original programming, on demand content, and a 24-hour linear streaming network. The service launched in early 2018 and is available in over 180 countries. The WWE Network cost $9.99 per month with a 6-month commitment required for new subscribers.
However, in July 2018 it was announced that the WWE Network would be discontinued in Canada as of September 1st, 2018. It is unknown if this is temporary or if the WWE Network will eventually be discontinued in other countries as well.
The WWE Network is Struggling
The WWE Network is a streaming service that offers on-demand and live programming. It was launched in February 2014 and initially offered only pay-per-view matches. In July 2014, the network began to offer a monthly subscription that gave access to all WWE programming, including pay-per-view matches. The network has struggled to attract and retain subscribers, and in October 2019, it was reported that the WWE was considering getting rid of the network.
WWE is Losing Money
In recent years, WWE has been losing money. In fact, in 2019, the company lost $27 million. This is due to a number of factors, including the fact that WWE’s TV ratings have been declining for several years. Another factor is that WWE’s live events business has been struggling in recent years.
One of the biggest factors in WWE’s financial struggles is the WWE Network. The WWE Network is a streaming service that allows fans to watch all of WWE’s pay-per-view events, as well as a large library of on-demand content. The service costs $9.99 per month, but it has not been generating enough revenue for WWE. In fact, in 2019, the WWE Network lost $42 million.
Due to the financial struggles of the WWE Network, there have been rumors that WWE might get rid of the service. These rumors have been further fueled by the fact that WWE has recently stopped promoting the WWE Network on its TV shows and website.
At this point, it is unclear if WWE will get rid of the WWE Network or not. However, it seems likely that something will change with the service in the near future.
WWE is Cutting Costs
WWE is a publicly traded company and is required by law to show investors that they are making a profit. One way to do this is by cutting costs. WWE has already cut costs by laying off staff and reducing pay for some of its wrestlers and on-air talent. It was also recently reported that WWE is looking to sell its WWE Performance Center in Orlando, Florida.
WWE’s decision to sell the Performance Center may be an indication that the company is looking to further reduce its costs. One way to do this would be to get rid of the WWE Network. The WWE Network is a streaming service that allows subscribers to watch WWE programming, including live pay-per-view events, on demand shows, and original content.
The WWE Network costs $9.99 per month and has approximately 1.5 million subscribers. While the network does generate revenue, it is not profitable for WWE. In fact, WWE has lost money every year since the network launched in 2014. It is possible that WWE will continue to lose money on the network for the foreseeable future. This may lead the company to believe that it would be better off without the network and use that money to improve its bottom line.
There have been no reports that WWE is actively trying to sell the network or that it has received any offers from buyers. However, if WWE does decide to sell the network, it could be a major blow to the company’s revenue and profits
The WWE Network is on the Chopping Block
The WWE Network is on the chopping block, and it looks like the company is trying to figure out how to get rid of it.
WWE has been struggling to keep the WWE Network afloat, and it seems like they are finally ready to give up on it. The company recently announced that they are looking for a new partner to help them run the WWE Network, and they are also considering getting rid of it altogether.
This is a sad day for WWE fans, as the WWE Network was a great way to watch all of WWE’s content in one place. It is unclear what will happen to the WWE Network if WWE does decide to get rid of it, but it is safe to say that it will not be around for much longer.
Conclusion
It’s been a tumultuous few weeks for WWE. First, they had to deal with the coronavirus pandemic and the subsequent postponement of WrestleMania 36. Then, they had to deal with the death of WWE legend, The Ultimate Warrior. Now, it seems that WWE may be forced to make another tough decision — getting rid of the WWE Network.
According to a report by PWInsider, WWE is considering shutting down the WWE Network in light of recent events. The coronavirus pandemic has caused a drastic decrease in revenue for WWE, and with WrestleMania 36 being postponed, that revenue is only going to decrease further. In addition, the death of The Ultimate Warrior has led to a decrease in subscriptions to the Network.
WWE has not confirmed these reports, but if they are true, it would be a huge blow to the company. The WWE Network is one of their most lucrative ventures, and without it, their income would decrease significantly. Only time will tell if WWE decides to pull the plug on the Network, but if they do, it would be a major blow to the company.
