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Post by thelaw on Jul 31, 2014 8:14:28 GMT -5
That means since April, the WWE added a net of roughly 33,000 new users.
On the bright side, users in 170 countries will be able to sign up for the network starting August 12, 2014. To be determined is what the fallout (if any) there will be because of the low number. Will the WWE just hope the international rollout will mean the magic cure? Or, will there be more cuts coming and/or will there be adjustment(s) to the network either in features and/or price?
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Post by Rob Tonkinson on Jul 31, 2014 8:45:35 GMT -5
170 countries except the UK, damn you McMahons!
700,000 doesn't sound too healthy at all and it was sort of to be expected with the reports of Indie workers pay being cut from $200 to $100 and Ricardo Rodriguez being released which will probably be the first of many more redundancies.
There's a market for a WWE Network and in hindsight I'd have released it like Netflix for the same price and continually adding more and more to the library from yesteryear, not like they'll run out any time soon, with three/four 'PPVs' exclusive to the Network, so as not to upset the PPV providers too much.
I think having just a few PPVs exclusive would entice people over, especially if you throw in say a Money in the Bank or Brock Lesnar's first match after WrestleMania and if it doesn't you're not desperately cutting everyone's jobs to save yourself.
Shame they can't go back and do a model like that now.
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Post by psykohurricane on Jul 31, 2014 12:13:00 GMT -5
My questions is how this effect canada with the rogers deals in place? The things i don't understand and maybe somebody can clarify this for me but with Rogers signing a deal to get the WWE network as a premium channel on cable, will other canadian that do not get rogers in the province be able to subscribe to the network via the website or not because this wasn'T really explain how the subcription for the network will work in canada and since only 3 province have access to rogers cable, that would be a shame for WWE to not give the availibility to the network for everybody in canada.
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Post by thelaw on Jul 31, 2014 12:46:05 GMT -5
Not sure, but my guess is you could not get online access without a traditional tv subscription package to the network.
Looks like the WWE will try to lower the breakeven point of the network by making huge cuts within the company. Once the cuts are made, the breakeven point will eventually be 500,000 subscribers instead of 1 million. Not exactly sure how the company crunched that number.
Edit:
Press release states that Rogers will make the WWE Network Traditional Premium TV Channel available to all pay providers in Canada. Since this is a pay channel, I would expect most everybody will offer the network to their subscribers.
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Post by Rob Tonkinson on Jul 31, 2014 13:26:31 GMT -5
Is the subscription channel (without PPV) really a selling point? The On-Demand back library was always the draw for me rather than what they're streaming.
This 10 year deal probably subsidises some losses this thing is making but if this was launching in the UK like it sounds in Canada, I wouldn't be buying it.
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Post by Andrew Sheehy on Jul 31, 2014 14:06:55 GMT -5
WWE deal with Rogers is very interesting. Next up for Rogers, renewing the UFC deal.
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Post by TolerancEJ on Jul 31, 2014 14:21:54 GMT -5
If it's a premium TV channel, then we won't be able to pick and choose the program we want to see. Will it just be Classics on Demand revisited?
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Post by mcmax3000 on Jul 31, 2014 14:47:20 GMT -5
If it's a premium TV channel, then we won't be able to pick and choose the program we want to see. Will it just be Classics on Demand revisited? Premium TV channel basically means like HBO. Something where you pay specifically for that channel, rather than it being part of a bundle. |
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Post by mcmax3000 on Jul 31, 2014 14:49:18 GMT -5
Is the subscription channel (without PPV) really a selling point? PPVs are included as part of the Network in Canada. The separate note about Rogers getting PPV distribution rights was for people that want to buy the PPVs separately, rather than subscribing to the Network. |
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Post by mcmax3000 on Jul 31, 2014 15:01:15 GMT -5
Press release states that Rogers will make the WWE Network Traditional Premium TV Channel available to all pay providers in Canada. Since this is a pay channel, I would expect most everybody will offer the network to their subscribers. See, they say that, and it sounds great, and all, but I'm still worried about that. Rogers is the same company that owns the Canadian version of FX. That channel launched in October of 2011. It took over a year for my provider (Shaw Direct) to start carrying FX, and to this day,almost three years later, Rogers still hasn't been able to make a deal with Bell to carry that channel. The spin off FXX channel, which they launched almost exactly four months ago, is still exclusive to Rogers, with not a single other Canadian carrier picking it up so far. So, they can say that it will be available to every cable/satellite provider, but I can't say I have a ton of confidence in that happening anytime soon looking at their recent track record. Plus, there's still the issue of the back catalog, and how one would get access to that. They could theoretically just give you access to the normal Network service if you connect your cable/satellite account, but as someone who still can't access the online Movie Network service, because they haven't been able to make a deal to offer that with my satellite provider, I'm not really overly confident in that solution either. All of this adds up to me keeping my US account for the foreseeable future, and very permanently. |
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Post by RKing85 on Jul 31, 2014 20:42:10 GMT -5
the big news here I think is the 130,000 that cancelled their subscriptions. THe plan was that this wasn't suppose to be possible with the 6 month commitment. I had heard that some people got it cancelled, but I figured that would be a few thousand at most. Not 130,000!!!!!!!
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Post by Above Average Mike Sanders on Jul 31, 2014 21:29:37 GMT -5
It'll be interesting to see how Rogers rolls out the Network here in Canada. If they have a good on-demand service and all the online content, I'd say it could give us the best of both worlds... however having seen some of Rogers offerings, I'm wary. Could just end up paying a higher price for a fraction of the content, if you get it at all if you're not with Rogers (which isn't even an option for half the population)
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Post by thelaw on Aug 1, 2014 4:28:33 GMT -5
the big news here I think is the 130,000 that cancelled their subscriptions. THe plan was that this wasn't suppose to be possible with the 6 month commitment. I had heard that some people got it cancelled, but I figured that would be a few thousand at most. Not 130,000!!!!!!! Yeah even with the 6-month commitment, some people just stop paying. I would think that would hurt their credit score, but evidently those people do not care. Another tidbit is that the 700,000 number used was the amount for the end of June. If the WWE had used the very latest number, it would have been 690,000. To get the breakeven point down to 500,000, the WWE is going to make about $30 million in cuts. |
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Post by Rob Tonkinson on Aug 1, 2014 6:42:33 GMT -5
I'm intrigued to know at what value WWE rounds up figures too.
For example if that figure is only 695,000 are they rounding up to 700,000?
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Post by Deleted on Aug 1, 2014 11:09:50 GMT -5
the big news here I think is the 130,000 that cancelled their subscriptions. THe plan was that this wasn't suppose to be possible with the 6 month commitment. I had heard that some people got it cancelled, but I figured that would be a few thousand at most. Not 130,000!!!!!!! Yeah even with the 6-month commitment, some people just stop paying. I would think that would hurt their credit score, but evidently those people do not care. Another tidbit is that the 700,000 number used was the amount for the end of June. If the WWE had used the very latest number, it would have been 690,000. To get the breakeven point down to 500,000, the WWE is going to make about $30 million in cuts. The only way those who dumped their subscription early would have their credit score impacted would be if WWE sent a collector after them or pursued a civil suit themselves. Even with the legal recourse to do so, I'd be shocked if they went that route. |
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