Wrestling News World Reacts To Business Insider's "Grim" WWE Network Article

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Business Insider has a new article titled "The Money-Losing WWE Network Is Making Another Big Push For Subscribers" online looking at WWE offering a complete no-strings-attached free preview of their Network this week. The piece makes several claims that I feel are worth clearing up. We'll tackle them one by one:

From the article:

The offer, which doesn't even require people to provide a credit card number, is one of several recent indicators that the company isn't getting much closer to the 1.4 million global subscribers it needs to make the WWE Network profitable.

Reaction from WrestlingNewsWorld.com:

While we can assume "Free Preview Week" is a sign fans aren't buying the WWE Network as expected, the service isn't available in international markets. The time frame for launch in Phase 1 international countries (the United Kingdom, Canada, Australia, New Zealand, Singapore, Hong Kong and the Nordics) is still by the end of 2014/early 2015.

From the article:

The bad news for the company started in April, when it announced the WWE Network had only 667,000 subscribers after telling investors the service could debut with as many as 2 million.

Reaction from WrestlingNewsWorld.com:

While I truly believe WWE hoped to announce over 1 million subscribers the day after Wrestlemania XXX, they've repeatedly stated that as long as they reach 1 million domestic subscribers by the end of 2014, the launch of the WWE Network will be considered a success. I do not recall WWE ever throwing around the 2 million number. I'm not going to go as far as to saying the writer of the Business Insider piece made it up but I'd like to see proof.

UPDATE on Tuesday, July 8, 2014 at 11:51 AM EDT: The writer was quickly to provide a response on social media (I love Twitter):

">@wnwdotcom 2M came from here, saying they could get 2-3M, based on an estimate of btwn 1-2M by end of 2014: http://t.co/BgsfDfOs56

— Aaron Taube (@aptaube) July 8, 2014

">@wnwdotcom "Launch" was not the right word, and I have changed the story to clarify. Thank you.

— Aaron Taube (@aptaube) July 8, 2014

End update.

From the article:

Last month, it fired nine wrestlers and the head writer of its most popular weekly television show, Monday Night Raw, amid rumors that it was looking to cut costs to make up for the money it's losing on the network.

And it has reportedly cut budgets and delayed production on two of the WWE Network's original programs.

Reaction from WrestlingNewsWorld.com:

WWE wants to show investors they are serious about "cutting costs." None of the releases were considered a surprise -- even talent that were on TV such as Jinder MahalDrew McIntyre or Aksana -- but WWE purposely made the releases public for strategic investor relations purposes.

The company continues to make cuts to their budget and have enacted a hiring freeze.

From the article:

As part of its push, the WWE put on an unusually eventful episode of Monday Night Raw this past week, one that featured the return of former champion Chris Jericho and two other prominent wrestlers who had not been on the show for months.

Reaction from WrestlingNewsWorld.com:

This is true. Chris Jericho became a priority when CM Punk walked out [in January] and that was only believed to have increased with Daniel Bryan's injury and Batista's time off. RVD is the exact same situation.

From the article:

Perhaps the biggest carrot for potential subscribers will come at August's Summerslam event, where the WWE is expected to put on a rematch between two of its most popular wrestlers — John Cena and Brock Lesnar.

Reaction from WrestlingNewsWorld.com:

100% true. WWE plans to John Cena vs. Brock Lesnar at SummerSlam to not only entice people to signup but encourage people whose subscriptions will be expiring shortly thereafter to renew. Remember, initial subscriptions expire on Sunday, August 24, 2014, so the company wants to give current subscribers every reason to renew. They know a lackluster SummerSlam would spell disaster.

Click here to read the Business Insider article in its entirety.

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