|
Post by thegame415 on Jul 31, 2014 17:13:23 GMT -5
The stock price is up a dollar... go figure
|
|
|
Post by thelonewolf527 on Jul 31, 2014 17:14:05 GMT -5
I haven't read the thread yet, but I'd like to point out a couple of things with the network numbers.
Back around WrestleMania, the number was 667,000. However, Dave Meltzer pointed out how this probably still included some international people getting away with this, as well as people who gamed the system to get their accounts cancelled after 1 month so they got WrestleMania for 10 bucks. With this in mind, one should assume that the Network numbers this time around DO NOT include those people, while the previous report did. Therefore being at 700,000 is actually a decent increase that will look bad because of what the last number was reported.
Edit: 128,000 cancelled?! See, people are f***ing assholes if THIS high of a percentage are cheating the system to get the Network monthly without the comittment. If I was WWE, I'd probably sue some of these people since this is worse than streaming, this is legitimate fraud
|
|
|
Post by angryfan on Jul 31, 2014 17:18:55 GMT -5
I haven't read the thread yet, but I'd like to point out a couple of things with the network numbers. Back around WrestleMania, the number was 667,000. However, Dave Meltzer pointed out how this probably still included some international people getting away with this, as well as people who gamed the system to get their accounts cancelled after 1 month so they got WrestleMania for 10 bucks. With this in mind, one should assume that the Network numbers this time around DO NOT include those people, while the previous report did. Therefore being at 700,000 is actually a decent increase that will look bad because of what the last number was reported. Reports thus far are they lost 128K subscribers from the initial number, so they "gained" around 160K since the first set of numbers. The between 1/4 and 1/3 turnover is a little disturbing if I'm looking to give them money, though. Basically, if I'm a high level investor with them, the first thing I demand is that Vince never ever goes carny with numbers during a meeting again. One million, looking back, is ridiculous, and the fact that for them to "break even" now they need almost as many new subscriptions as they got with launch? That's not good at all.
|
|
kidglov3s
Bill S. Preston, Esq.
Wants her Shot
Who is Tiger Maskooo?
Posts: 15,870
|
Post by kidglov3s on Jul 31, 2014 17:20:47 GMT -5
I haven't read the thread yet, but I'd like to point out a couple of things with the network numbers. Back around WrestleMania, the number was 667,000. However, Dave Meltzer pointed out how this probably still included some international people getting away with this, as well as people who gamed the system to get their accounts cancelled after 1 month so they got WrestleMania for 10 bucks. With this in mind, one should assume that the Network numbers this time around DO NOT include those people, while the previous report did. Therefore being at 700,000 is actually a decent increase that will look bad because of what the last number was reported. Edit: 128,000 cancelled?! See, people are f***ing assholes if THIS high of a percentage are cheating the system to get the Network monthly without the comittment. If I was WWE, I'd probably sue some of these people since this is worse than streaming, this is legitimate fraud There's no way to filter out international "Domestic" subscribers, they're baked in.
|
|
|
Post by Pillman's Pencil on Jul 31, 2014 17:26:58 GMT -5
I haven't read the thread yet, but I'd like to point out a couple of things with the network numbers. Back around WrestleMania, the number was 667,000. However, Dave Meltzer pointed out how this probably still included some international people getting away with this, as well as people who gamed the system to get their accounts cancelled after 1 month so they got WrestleMania for 10 bucks. With this in mind, one should assume that the Network numbers this time around DO NOT include those people, while the previous report did. Therefore being at 700,000 is actually a decent increase that will look bad because of what the last number was reported. Edit: 128,000 cancelled?! See, people are f***ing assholes if THIS high of a percentage are cheating the system to get the Network monthly without the comittment. If I was WWE, I'd probably sue some of these people since this is worse than streaming, this is legitimate fraud The internet will always been one step ahead, every time, didn't they think about combatting the 'International Dometic Subscribers' when they planned or launched it?
|
|
|
Post by PsychoGoatee on Jul 31, 2014 17:37:29 GMT -5
Seems like they're doing pretty well to me, especially for a new and fairly forward thinking venture.
As people have mentioned stock prices are up etc, and we know WWE is a very wealthy company, I don't think we have much to worry about as fans. For me, the network is a great deal, insanely good compared to pay-per-view prices, it's nice to me that they're passing some of the wealth along to the fans. And they can handle that.
Plus I'm sure a lot of people subscribing to the network never bought WWE pay-per-views or not often, so this is giving WWE new paying costumers, a broader audience.
|
|
andrew8798
FANatic
on 24/7 this month
Posts: 106,081
|
Post by andrew8798 on Jul 31, 2014 17:38:58 GMT -5
|
|
|
Post by Pillman's Pencil on Jul 31, 2014 17:39:02 GMT -5
Seems like they're doing pretty well to me, especially for a new and fairly forward thinking venture.As people have mentioned stock prices are up etc, and we know WWE is a very wealthy company, I don't think we have much to worry about as fans. For me, the network is a great deal, insanely good compared to pay-per-view prices, it's nice to pass some of the wealth along to the fans. And they can handle that. You live in hope.
|
|
Boo!
Dennis Stamp
Posts: 4,417
|
Post by Boo! on Jul 31, 2014 17:42:19 GMT -5
Losing subscribers before the 6 month commitment is their own fault for not having systems in place to prevent it. It isn't fraud to cancel before the commitment is up if you can. If that's fraud then calling your cell phone network provider up before the contract is up and asking for a better deal is too. In other words - it isn't.
|
|
Boo!
Dennis Stamp
Posts: 4,417
|
Post by Boo! on Jul 31, 2014 17:48:09 GMT -5
I haven't read the thread yet, but I'd like to point out a couple of things with the network numbers. Back around WrestleMania, the number was 667,000. However, Dave Meltzer pointed out how this probably still included some international people getting away with this, as well as people who gamed the system to get their accounts cancelled after 1 month so they got WrestleMania for 10 bucks. With this in mind, one should assume that the Network numbers this time around DO NOT include those people, while the previous report did. Therefore being at 700,000 is actually a decent increase that will look bad because of what the last number was reported. Edit: 128,000 cancelled?! See, people are f***ing assholes if THIS high of a percentage are cheating the system to get the Network monthly without the comittment. If I was WWE, I'd probably sue some of these people since this is worse than streaming, this is legitimate fraud The internet will always been one step ahead, every time, didn't they think about combatting the 'International Dometic Subscribers' when they planned or launched it? They can't really. The internet is a borderless thing in many ways. I'm in the UK and, as an example, I'd guess that at least half the people I know access the US version of Netflix. The same applies really, it's almost impossible to geographically restrict content online. On a wider point I think the entertainment industry will have to deal with that in the coming years. The idea that services like Hulu or Amazon Prime can have content for Canadians and content for Australians and content for Germans etc is of another age really. Going forward all these things will have to be worked out without regional restrictions. But it'll take time to sink in. Just like when the music industry fought piracy for years which was a losing battle before finally we got things like Spotify and the like. In 5 years time the idea of having separate services for different regions will seem laughable. Why companies like Netflix keep up the pretence it's still enforced is, I suspect, just paying lip service to content holders. I digress, but still georgraphically restricted content online is a thing of the past it's just wait until the big corporations and rights holders admit it. They will, in time.
|
|
|
Post by cabbageboy on Jul 31, 2014 18:27:25 GMT -5
The numbers are fine actually. Keep in mind a ton of those people who dropped were likely the cheapskates who ordered only for WM and then cut ties right after. I wouldn't expect a drop off like that at all for the next few quarters until WM next year.
Take those PPV buys and add 667,000-700,000 depending on the show and that's the actual number of buys, except some were regular PPV and the rest 9.99 Network buys. It's wild that MITB wasn't even down that much compared to the rest, still doing 122,000 buys on PPV.
They had some start up costs this quarter but imagine long run what these numbers could look like once it expands worldwide. They could be pulling in 1 million fairly soon and still get some PPV revenue on top of that. That said, I have no idea why that many people would spend 20 for 1 month rather than spend 60 for 6 months and get a ton of PPVs and content. The figure is too high to keep frauds from canceling after 1 major PPV at 9.99 instead of buying 1 month at 19.99.
|
|
|
Post by Mayonnaise on Jul 31, 2014 18:37:13 GMT -5
I am curious what will happen when someone that canceled early tries to sign up again. Granted they can always use different info but not all would think to do it or care to go through the effort. Will WWE try to charge them for the time remaining on the original sub, refuse service or just take them without thought.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 31, 2014 18:51:13 GMT -5
I am curious what will happen when someone that canceled early tries to sign up again. Granted they can always use different info but not all would think to do it or care to go through the effort. Will WWE try to charge them for the time remaining on the original sub, refuse service or just take them without thought. They seem to just treat them as if their payment period ended. When they had that free week awhile back I was able to use it with no problem and e-mails I get from them just encourage me to sign back up.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 31, 2014 19:00:39 GMT -5
I guess it's better to have the option than not. Don't really see too much use for it though.
If you want to ONLY watch Wrestlemania this is a good way to do it at least.
|
|
Boo!
Dennis Stamp
Posts: 4,417
|
Post by Boo! on Jul 31, 2014 19:06:40 GMT -5
I am curious what will happen when someone that canceled early tries to sign up again. Granted they can always use different info but not all would think to do it or care to go through the effort. Will WWE try to charge them for the time remaining on the original sub, refuse service or just take them without thought. Take them, without question. If they charge them for time remaining on the original sub that'll be 100,000 + people you piss off who definitely won't ever renew again. It'll be clean slate for everyone
|
|
ToyfareMark
Vegeta
A WINNER IS YOU!
In Hutch I trust!
Posts: 9,593
|
Post by ToyfareMark on Jul 31, 2014 20:11:28 GMT -5
None of this stuff really matters to me, all I know is I'm satisfied with the Network.
|
|
mrjl
Fry's dog Seymour
Posts: 20,319
|
Post by mrjl on Jul 31, 2014 20:17:28 GMT -5
You don't want to sign up for 6 months? How about one month at double the price?!?! you mean one month at a third of the price. It's 19.99 x 1 vs 9.99 x 6
|
|
SEAN CARLESS
Hank Scorpio
More of a B+ player, actually
I'm Necessary Evil.
Posts: 5,770
|
Post by SEAN CARLESS on Jul 31, 2014 20:46:45 GMT -5
You don't want to sign up for 6 months? How about one month at double the price?!?! you mean one month at a third of the price. It's 19.99 x 1 vs 9.99 x 6 Except, WWE STILL has not, and cannot, remedy the loophole that would see someone clean out their PayPal, or contest their credit card. There are still no safeguards in place. So ergo, someone can STILL order say WrestleMania at the 6 month commitment, and still flat out cancel after that first month, basically giving them that show again for just $9.99. The $19.99 thing is just an attempt by WWE to somehow circumvent someone who'd do this into saving the trouble for just ten dollars more. That all said, there's a lot of misinformation and ignorance here on this number. From a straight growth standpoint it is NOT GOOD. In any way. It is in fact, a bit of a disaster. There has been no month to month growth, (something needed originally needed domestically to even break even) and even more people have quit than joined recent months. In fact, 10,000 have quit in the month of July alone. WWE are also NOT making any money on it yet, despite some of the claims in this thread. They are not profitable. HOWEVER ...they will be. But not because of the Network, or even the International growth (International standard PPV numbers are significantly down, meaning that either they've lost interest in WWE entirely, or the much more plausible explanation: They are already subscribed and already a part of the current number), but rather due to the current and ongoing cuts. WWE is going to sneakily make it all profitable, and lower their needed break even point by proxy to about 500,000, but not because of anything to do with the implementation of Network strategy, outside the box thinking or aggressive advertising, but rather by cutting upwards of 30 million dollars in expenses, and firing a TON of people. WWE, this time next year, will be making money, but it will be off the backs of people they've terminated to plug the holes they themselves have made. Scummy as f***, but business as usual in, well, business. (And the reason why the Stock went up. Wall Street only cares about how much WWE is WORTH or will be, not how they get there. And WWE will get there on the strewn bodies of its own employees, talent and production staff).
|
|
|
Post by Muskrat on Jul 31, 2014 20:47:50 GMT -5
Losing subscribers before the 6 month commitment is their own fault for not having systems in place to prevent it. It isn't fraud to cancel before the commitment is up if you can. If that's fraud then calling your cell phone network provider up before the contract is up and asking for a better deal is too. In other words - it isn't. I would definitely call it fraud if you sign up for the commitment, then backdoor your way out after a month by cancelling a credit card, or PayPal account etc. They aren't talking people who cancelled and paid out the rest of their commitment.
|
|
JCBaggee
Hank Scorpio
Writer, streamer. I used to write for CBR but then they fired everyone who cared about their writers
Posts: 6,781
|
Post by JCBaggee on Aug 1, 2014 2:57:06 GMT -5
Losing subscribers before the 6 month commitment is their own fault for not having systems in place to prevent it. It isn't fraud to cancel before the commitment is up if you can. If that's fraud then calling your cell phone network provider up before the contract is up and asking for a better deal is too. In other words - it isn't. I would definitely call it fraud if you sign up for the commitment, then backdoor your way out after a month by cancelling a credit card, or PayPal account etc. They aren't talking people who cancelled and paid out the rest of their commitment. Fraud may be a harsh way of putting it, but it IS a violation of the ToS. It's clear as day when you sign up; six month commitment, period. What stands to be seen is whether or not WWE is willing to risk alienating an already frustrated and volatile group of fans by actually reporting them to bill collectors.
|
|