WWE Announces 667,287 WWE Network Subscribers
WWE announced the first WWE Network subscriber data on Monday: the WWE Network has 667,287 subscribers as of the day after WrestleMania XXX. WWE is spinning the data as the Network being “well on its way to reaching its goal of 1 million subscribers by the end of 2014″ – however, Wall Street was not so forgiving with their interpretation of the news. WWE stock was down more than 20% during morning trading. Here’s the official announcement:
WWE NETWORK ON TRACK TO 1 MILLION SUBSCRIBERS
STAMFORD, Conn., April 7, 2014 – WWE (NYSE: WWE) today announced that WWE Network has 667,287* subscribers and is well on its way to reaching its goal of 1 million subscribers by the end of 2014 just 42 days after launching in the U.S., making it the fastest-growing digital subscription service. This announcement comes following a historic WrestleMania® 30, which aired live on WWE Network as well as on pay-per-view through satellite and cable providers from a sold-out Mercedes-Benz Superdome in New Orleans.
WWE Network launched on February 24 in the U.S. and will be rolled out in Canada, the U.K., Australia, New Zealand, Singapore, Hong Kong and the Nordics in late 2014/early 2015.
WWE Network is the first 24/7 streaming network that provides access to live and scheduled programming, including all 12 live pay-per-view events, as well as the most comprehensive video-on-demand library. Available for only $9.99 a month – with a six month commitment – fans can subscribe to WWE Network at WWE.com. WWE Network is available on connected devices including Apple TV, Roku streaming devices, Sony PlayStation® 3, Sony PlayStation® 4 and Xbox 360. WWE Network is also available through the WWE App on iOS devices, including Apple iPad and iPhone, Amazon’s Kindle Fire devices and Android devices, as well as on desktops and laptops via WWE.com.