Backstage News: The Latest On The New WWE Network
The Wrestling Observer Newsletter reports that WWE has no overall direction solidified for their new TV network launching next year. Some idea tossed around include doing TV series and reality shows with WWE talents. The backbone of the network will be WWE’s massive content library, and their films by WWE Studios.
WWE has taken out a $200 million line of credit with JP Morgan Chase Bank. WWE is willing to go into debt spending, something they have historically avoided doing. Vince wants to do this to help finance his new TV network because interest rates are so low right now.
Vince McMahon made the call six weeks ago to get everything ready to go by the end of 2012.