Forbes Calls WWE Network the “Wave of the Future”
Forbes is yet another mainstream press outlet to cover WWE’s fourth quarter financial results, and WWE has been getting a lot of positive feedback from its earnings report.
Fortune has published a new article praising WWE Network and Vince McMahon, and notes while WWE is currently losing money, the WWE Network is a success. The following is an article excerpt:
Give McMahon credit for having the guts to go against conventional wisdom and critics who wanted WWE to stick exclusively with its pay-per-view model. McMahon has looked Joseph Schumpeter‘s creative destruction theory in the eye and smiled right back. It takes you know what to take a profitable business model and rip it apart, but that is exactly what McMahon has done.
Over-the-top is what will drive the WWE Network’s growth and is the wave of the future. Last year, Walt DisneyDIS +0.57% Company and the Dish Network announced a distribution agreement that provides DISH customers with access to Disney’s robust line-up of top quality sports, news and entertainment content across televisions, computers, smartphones, tablets, gaming consoles and connected devices. Sling TV, a new streaming service from Dish that was the first service that lets sports fans watch live ESPN without a cable or satellite subscription, offers ESPN and a dozen other cable channels–for only $20 a month.
Laurinaitis Update
John Laurinaitis noted on Twitter he is currently overseas on the WWE Abu Dhabi tour.
Alex Riley in Tears After NXT Match
Alex Riley reportedly received a huge reaction from the NXT fans when he made his return at last night’s TV tapings and began a feud with a top star. Riley posted the following reaction on Twitter:
2/12/15 will be remembered forever 4 many reasons, u bared witness to the supernatural, Never Forget & NEVER SURRENDER #RileyWalks @wwe
— Alex Riley (@AlexRileyWWE) February 13, 2015