Update On WWE Network & PPV Bonuses, More Budget Cuts
– One of the major backstage stories that’s been brewing since the launch of the WWE Network earlier this year has been how WWE will be handling “PPV bonuses” for talent, since the PPV revenue stream is being phased out.
As of last week, WWE management has still not addressed the issue. A lot the wrestlers have been frustrated without knowing how they will be paid for pay-per-view events, including CM Punk, before he left.
– Regarding the ongoing WWE budget cuts, there will be even more staff and developmental cuts between now and the next investors call this fall.
WWE is also cutting the budgets on several planned projects. There had been plans to expand certain departments in the company and hire more employees, however, all of that is on hold for now.
As reported last week, WWE is scaling back the money spent on wrestler entrances and buses and trucks for the production crew.