mistery
King Koopa
Posts: 11,545
Member is Online
|
Post by mistery on Jan 30, 2020 19:04:02 GMT -5
I think the Network is pretty quickly becoming a huge problem for the company. They've basically hammered in the low cost so much that it would be extremely difficult to get away with raising the price, especially given the Network clearly operates at a bare-minimum budget given NXT UK and 205 Live are really the only things of any kind of note being produced for it on the regular, and unlike, say, Netflix, there basically isn't a way to attract new customers to it. Thus the year after year gradual bleeding - as they lose TV viewers they lose potential Network customers and there isn't really any way to turn that around without fixing all of the other problems the company has first. I think the Network's fix will probably be the rumored ala-carte/tier options being added in sometime "soon". There was talk of featuring shows from EVOLVE, Progress, and other companies as part of a new tier.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 30, 2020 19:04:18 GMT -5
Anyone else we should not get too attached to now that GeeBee and M Wil are out of stock?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 30, 2020 19:06:08 GMT -5
I think the Network is pretty quickly becoming a huge problem for the company. They've basically hammered in the low cost so much that it would be extremely difficult to get away with raising the price, especially given the Network clearly operates at a bare-minimum budget given NXT UK and 205 Live are really the only things of any kind of note being produced for it on the regular, and unlike, say, Netflix, there basically isn't a way to attract new customers to it. Thus the year after year gradual bleeding - as they lose TV viewers they lose potential Network customers and there isn't really any way to turn that around without fixing all of the other problems the company has first. I think the Network's fix will probably be the rumored ala-carte/tier options being added in sometime "soon". There was talk of featuring shows from EVOLVE, Progress, and other companies as part of a new tier. I really can't imagine that making any sort of meaningful difference. Especially to more casual fans - not exactly sure how you sell, "Hey, now you can watch shows from Progress!" to someone who barely knows what NXT is.
|
|
Perd
Patti Mayonnaise
Leslie needs to butt out for fear of receiving The Bunghole Buster
Posts: 31,999
Member is Online
|
Post by Perd on Jan 30, 2020 19:18:06 GMT -5
As Seth Rollins swears he left an apple and an orange on his table.
|
|
kidkamikaze10
Dennis Stamp
Trying to think of a new avatar
Posts: 4,279
|
Post by kidkamikaze10 on Jan 30, 2020 19:30:48 GMT -5
I'm actually surprised by this though.
Barrios in particular was always the go to when WWE went to speak on business news channels. The corporate face instead of the McMahon's.
These numbers must be baaaaad.
|
|
Xxcjb01xX [PIECE OF: SH-]
FANatic
Writer, Lover of all things Wrestling. Analytical, Critical, Lovable (hopefully). Lets all have fun!
Posts: 236,212
|
Post by Xxcjb01xX [PIECE OF: SH-] on Jan 30, 2020 19:39:36 GMT -5
I think the Network is pretty quickly becoming a huge problem for the company. They've basically hammered in the low cost so much that it would be extremely difficult to get away with raising the price, especially given the Network clearly operates at a bare-minimum budget given NXT UK and 205 Live are really the only things of any kind of note being produced for it on the regular, and unlike, say, Netflix, there basically isn't a way to attract new customers to it. Thus the year after year gradual bleeding - as they lose TV viewers they lose potential Network customers and there isn't really any way to turn that around without fixing all of the other problems the company has first. NXT being moved off the Network has really hurt the Network and hasn't exactly been a huge victory for NXT either. And since it was a move done entirely out of spite it's really backfiring in a big karma way.
|
|
spagett
Hank Scorpio
Great Job!
Posts: 5,649
|
Post by spagett on Jan 30, 2020 21:50:33 GMT -5
I think the Network is pretty quickly becoming a huge problem for the company. They've basically hammered in the low cost so much that it would be extremely difficult to get away with raising the price, especially given the Network clearly operates at a bare-minimum budget given NXT UK and 205 Live are really the only things of any kind of note being produced for it on the regular, and unlike, say, Netflix, there basically isn't a way to attract new customers to it. Thus the year after year gradual bleeding - as they lose TV viewers they lose potential Network customers and there isn't really any way to turn that around without fixing all of the other problems the company has first. NXT being moved off the Network has really hurt the Network and hasn't exactly been a huge victory for NXT either. And since it was a move done entirely out of spite it's really backfiring in a big karma way.I didn't even think of that but if that is the case here then that is wonderful. Would be nice to think they've suffered a bit due to acting out of hypocritical spite.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 30, 2020 21:57:24 GMT -5
I think the Network is pretty quickly becoming a huge problem for the company. They've basically hammered in the low cost so much that it would be extremely difficult to get away with raising the price, especially given the Network clearly operates at a bare-minimum budget given NXT UK and 205 Live are really the only things of any kind of note being produced for it on the regular, and unlike, say, Netflix, there basically isn't a way to attract new customers to it. Thus the year after year gradual bleeding - as they lose TV viewers they lose potential Network customers and there isn't really any way to turn that around without fixing all of the other problems the company has first. NXT being moved off the Network has really hurt the Network and hasn't exactly been a huge victory for NXT either. And since it was a move done entirely out of spite it's really backfiring in a big karma way. Honestly I really doubt NXT's actually affected Network subscribers much at all. By all accounts even the Takeovers don't have very good viewership - which is why they're experimenting with a Sunday one - and there are tons of people who only watch those.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 30, 2020 22:29:05 GMT -5
Absolutely love it. Burn..
|
|
|
Post by Larryhausen on Jan 30, 2020 22:33:41 GMT -5
|
|
Mozenrath
FANatic
Foppery and Whim
Speedy Speed Boy
Posts: 121,129
|
Post by Mozenrath on Jan 30, 2020 22:38:19 GMT -5
I think the Network's fix will probably be the rumored ala-carte/tier options being added in sometime "soon". There was talk of featuring shows from EVOLVE, Progress, and other companies as part of a new tier. I really can't imagine that making any sort of meaningful difference. Especially to more casual fans - not exactly sure how you sell, "Hey, now you can watch shows from Progress!" to someone who barely knows what NXT is. True, but there's the whole "FOMO" factor, fear of missing out. There's probably a decent chunk of fans who would pay another 2-3 bucks for a tier with stuff like that. Even if they don't watch it, they may want the option to. Would it be enough to make a massive difference? Probably not, no, but it might be enough to make it worthwhile if even 10% of subscribers upgraded to it.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 30, 2020 22:46:11 GMT -5
WWE really needs to look into what’s working for other shows and movies and stop trying to exist in the weird bubble they’ve created for themselves. It’s crazy how dated most stuff about WWE is compared to other popular media.
|
|
|
Post by Cyno on Jan 30, 2020 22:50:51 GMT -5
Not surprised. When you fire two generally well-regarded executives, stocks are going to plummet as that usually triggers a sell-off. I'd expect share prices to stabilize some but it's another worrying sign of expectations of the next quarterly report.
|
|
Bub (BLM)
Patti Mayonnaise
advocates duck on rodent violence
Fed. Up.
Posts: 37,742
|
Post by Bub (BLM) on Jan 30, 2020 23:05:26 GMT -5
I have a feeling the Network is going to be a big part of this story. If I'm not mistaken, Wilson was a big advocate for the Network, and given it's continued, uh, disappointment, including now losing subscribers year-over-year, she seems like an obvious scapegoat. This makes me feel bad for needing to cancel it over financial reasons. I really enjoyed it, but it was becoming too much. Never feel bad that you didn't give your money to a publicly traded company worth billions.
|
|
|
Post by xCompackx on Jan 30, 2020 23:13:51 GMT -5
I mean, hell did they expect? You can't fire your co-presidents and have your investors go "Oh, okay. Nothing wrong with this!".
Also, this is shedding a lot more light on the cutting back of live events. Almost like they didn't do it for the wrestlers.
|
|
|
Post by TWERKIN' MAGGLE on Jan 30, 2020 23:15:03 GMT -5
You're supposed to wait till the middle of the night on friday to fire executives this big, dummies.
|
|
|
Post by cabbageboy on Jan 30, 2020 23:16:08 GMT -5
The stock is basically at 48.00 right now. I don't really understand this move. I really don't. So they might have a lousy quarter before the TV deals kick in. Once the TV money kicks in they'll be rolling in money. Why fire key execs and cause the stock to tank?
I went back to find the Raw after Rumble ratings for years prior to 2016 since that was mentioned recently. In 2014 they did 4.71 million viewers the night after the Rumble, then in 2015 the odd snowed out replay episode did 4.42 million. So this is even worse than we figured. Basically since the launch of the WWE Network they've lost nearly half of their viewers, although I really wouldn't blame it on the Network exactly. I've discussed in other threads what I feel has wrecked WWE's audience in the past 5 years.
|
|
Bub (BLM)
Patti Mayonnaise
advocates duck on rodent violence
Fed. Up.
Posts: 37,742
|
Post by Bub (BLM) on Jan 30, 2020 23:23:59 GMT -5
God this company is a disaster. Pro wrestlers have got to be stupid by and large, otherwise I cannot fathom how they're still getting big name indie signings. If AEW and New Japan are offering you a spot as well, and you STILL go to WWE? You're literally just a mark trying to live the dream of being on WrestleMania. Good for you, I guess.
Point is, everyone is talking about big WWE prospects like Keith Lee right now, but he works under a shitshow and will be lucky if WrestleMania still exists in 5 years. He'll probably be in a top match on AEW SuperBrawl.
|
|
warden
Don Corleone
Posts: 1,358
|
Post by warden on Jan 30, 2020 23:39:55 GMT -5
God this company is a disaster. Pro wrestlers have got to be stupid by and large, otherwise I cannot fathom how they're still getting big name indie signings. If AEW and New Japan are offering you a spot as well, and you STILL go to WWE? You're literally just a mark trying to live the dream of being on WrestleMania. Good for you, I guess. Point is, everyone is talking about big WWE prospects like Keith Lee right now, but he works under a shitshow and will be lucky if WrestleMania still exists in 5 years. He'll probably be in a top match on AEW SuperBrawl. They'll still be around so don't fret. After 5 we may have to reevaluate. And wrestlers sign with the wwe because it is the top when it comes to exposure. And money. Never forget the money
|
|
|
Post by TWERKIN' MAGGLE on Jan 30, 2020 23:46:33 GMT -5
Y'know, since the stock tanked anyway, Vince should name his successor now to minimize damage.
|
|