Ginger Beer Man
Dennis Stamp
Jam Up Guy
The kids can call you HoJu!
Posts: 4,221
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Post by Ginger Beer Man on Jul 31, 2014 9:25:45 GMT -5
It's not going well really is it?
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jul 31, 2014 9:26:32 GMT -5
Yeah, that doesn't include the people who paid for the Network, so those numbers are nowhere near as bad as they read initially. EDIT: Sorry, those buyrates are for traditional domestic & international PPV buys, not just US domestic buys, but still, add in the amount of people who had the Network + those buys and it didn't do bad, it did well. They're pretty alright all things considered, even astounding whatwith there being a 10 dollar option available (imagine there's circumstances at play there more than just being skeptical of the network). Sorry to Google-hound, but does anyone have any breakdowns of where the international buys are coming from? I imagine the majority would be UK and Germany. I can't find figures anywhere. According to Cageside Seats: With WWE already reporting that nearly 400,000 American homes bought WrestleMania 30 on PPV, that means the extravaganza only garnered about 275,000-350,000 buys abroad.SourceNot sure how trustworthy that side is albeit, so the pinch of salt rule applies.
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DMO-
Bubba Ho-Tep
Posts: 621
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Post by DMO- on Jul 31, 2014 9:31:45 GMT -5
I can't see that number going up, they really need to get it out in the international markets.
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Crappler El 0 M
Dalek
Never Forgets an Octagon
I'm a good R-Truth.
Posts: 58,479
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Post by Crappler El 0 M on Jul 31, 2014 9:32:13 GMT -5
One month for $19.99? That still gives people a much cheaper way to watch the PPVs assuming they only want to watch a few of them like Rumble or Mania. Also, if the potential subscriber timed it out right, they could order their one month in order to get two PPVs, assuming there are some instances next year where a PPV falls a little less than 30 days after the previous PPV.
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Post by Neo: "The One" who CLAPS on Jul 31, 2014 9:35:02 GMT -5
The PPV numbers are better than I thought they'd be, considering the carrier drops and, well, the lack of quality. Wrestlemania and MITB especially did well.
The subscriber numbers, however, are really bad. I still think the situation is salvageable, but it actually requires making the product interesting and fresh. And the cynic part of me really donuts that WWE can make that happen.
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Post by Gelatinous Parasite on Jul 31, 2014 9:50:29 GMT -5
I wonder how many of those 700,000 Network subscribers are outside the US. I know we're not allowed to discuss how to do it but a while back I saw that wwenetwork.com was highly ranked on a service (which I won't name) that lets you access geo-blocked websites from anywhere. My point is: I wonder how many more subscribers they can realistically expect to gain when it goes international.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jul 31, 2014 9:53:51 GMT -5
I can't see that number going up, they really need to get it out in the international markets. Pretty much the case as it is. Although 20 bucks a month without the 6-month commitment is a bit too steep IMO
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Post by turkeysandwich on Jul 31, 2014 9:55:59 GMT -5
I feel like the original post makes it sound like something bad has happened, but I actually find those numbers better than expected.
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Welfare Willis
Crow T. Robot
Pornomancer 555-BONE FDIC Bonsured
Game Center CX Kacho on!
Posts: 44,259
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Post by Welfare Willis on Jul 31, 2014 10:00:59 GMT -5
The PPV numbers are better than I thought they'd be, considering the carrier drops and, well, the lack of quality. Wrestlemania and MITB especially did well. The subscriber numbers, however, are really bad. I still think the situation is salvageable, but it actually requires making the product interesting and fresh. And the cynic part of me really donuts that WWE can make that happen. For $20.00 a month WWE better send me a donut with a subscription.
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Post by YellowJacketY2J on Jul 31, 2014 10:02:14 GMT -5
I'm thinking they're making it $19.99 a month without the commitment so those who were on the fence about the Network because of the commitment will now think it's a good deal and sign up for it (the commitment plan, that is). I don't think it'll actually work, but I feel that's what they're going for.
Overall, while this isn't the greatest of news, it's not a bad number. I don't think WWE, or people in general, take into account that a lot of casual fans are just that; casual. They watch Raw (mostly) every week and don't bother with the PPVs. Therefore, having them available via the Network (and the entire back catalog) isn't intriguing to them. Because of this, I'm actually surprised the PPV buys aren't down even more drastically, considering those who had any vested interest in them most likely would've gotten the Network.
Once the Network goes International, I can see them making their ends meet. I know there's the issue with those outside of the US still getting access, but I'm sure there's a solid amount of international fans that haven't gone that route and will clamor to purchase the Network once it's available.
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Post by CM Parish on Jul 31, 2014 10:06:55 GMT -5
That 700,000 number isn't the worst. They've gained even after the renewal period, which was the big fear. They wanted to be at 1m at the end of this year and they go international next month don't they?
And it's still not costing them money, it makes them money every month.
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Post by The Dark Order Inferno on Jul 31, 2014 10:14:31 GMT -5
I don't see the international figures for the network being spectacular when it begins the rollout worldwide as there is little chance of their larger markets getting the same deal as the US. Take the UK for example, Sky signed a new deal with the WWE for more money, something they're unlikely to do if they lose exclusivity on anything when the network begins, so there'll be big delays on PPVs, Raw, Smackdown, NXT and any big original programming. I would be surprised if UK network ends up as more than a WWE archive service, one that will be more expensive than the US counterpart to boot, as that's how it usually goes, and I can't see other western nations getting a much better deal as there's more money to be made from TV rights than potential network subscribers.
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Post by rydndirty on Jul 31, 2014 10:17:19 GMT -5
Basically add 650,000 to every PPV number in the OP and you have your numbers. Actually, I'm shocked the PPV buys are as high as they are!
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Post by Andrew is Good on Jul 31, 2014 10:22:23 GMT -5
Man, I thought it would at least be a little higher. Get the failure horns out.
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Post by A Platypus Rave on Jul 31, 2014 10:40:40 GMT -5
Man, I thought it would at least be a little higher. Get the failure horns out. From what I remember they put the break even point around 400k subscribers. If so they are making money off of it.
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Phil Parent
El Dandy
Your Favourite Teacher
Posts: 8,508
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Post by Phil Parent on Jul 31, 2014 10:44:28 GMT -5
And just to make sure the Network fails even harder, WWE has signed a 10 years exclusivity deal for the rights with Rogers Communications, which will air it as a traditional Pay TV cable channel.
Meaning if you are Canadian and you really looked forward to watch online, heh, not happening. You get a subscription with Rogers or you can f*** the hell off.
Well, WWE will f*** the hell off in my household, and that potential 9,99$ per month from me has turned to zero.
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Post by Vice honcho room temperature on Jul 31, 2014 10:45:44 GMT -5
Man, I thought it would at least be a little higher. Get the failure horns out. From what I remember they put the break even point around 400k subscribers. If so they are making money off of it. Its just how much plus the start up cost and vs the old PPV model. I still say its how the WWE is going to future proof its self with how the old PPV buyrates kept going down year over year.
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Post by Ganon83 on Jul 31, 2014 10:49:22 GMT -5
This isn't good at all.
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Boo!
Dennis Stamp
Posts: 4,417
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Post by Boo! on Jul 31, 2014 10:51:27 GMT -5
I don't see the international figures for the network being spectacular when it begins the rollout worldwide as there is little chance of their larger markets getting the same deal as the US. Take the UK for example, Sky signed a new deal with the WWE for more money, something they're unlikely to do if they lose exclusivity on anything when the network begins, so there'll be big delays on PPVs, Raw, Smackdown, NXT and any big original programming. I would be surprised if UK network ends up as more than a WWE archive service, one that will be more expensive than the US counterpart to boot, as that's how it usually goes, and I can't see other western nations getting a much better deal as there's more money to be made from TV rights than potential network subscribers. The UK is WWE's second largest market outside the US. It's highly unlikely they're going to offer them a service that nobody would want to buy. It's more probably the case that they'll use Sky as partners and either give them a greater share of the traditional PPV income or a cut of the Network subscribers from the UK, or both.
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Post by bluemeii on Jul 31, 2014 11:11:51 GMT -5
IDK. Stock is up 6 percent today after the announcement as I type this. Losses were less than projected. Could have been alot worse.
Only question I have is how they accounted for the Network startup costs on the P&L statement. Did they lump all the costs in the just reported on quarter or are they strung out for the year? I know that 400K number is out there as a break even number but that's just operational costs. Any stockholder types know if that was reported?
Regarding the two tiered system? They should have launched with that. Gives people the chance to order a PPV for a discounted price, at no loss to WWE. That's about all they get ($20) for each buy anyway (not counting WM).
Not great news, but I wouldn't be sounding the death knells or anything like that yet.
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