10 Reasons Why WWE Owner Vince McMahon Just Lost $842 Million

By Grahame Herbert /

8. The Over Optimism On The WWE Network

Vince's belief in the WWE Network being able top top over a million buys by the end of 2014 was a harmful misjudgement. When the first Network subscriber numbers came in it quickly delivered the stark reality: only 667,287 people had bothered signing up. Now that not might seem too far away from a million subscribers with months to go before December, but consider this - if you didn't sign up for the Network to get WrestleMania 30, why on earth would you sign up now? WWE internally know that they will be lucky to convince over 300,000 more people to sign up between now and December. Beyond that they need to average around 2 million subscribers from 2016 to 2020, just to get to the same profit margins of 2010, which effectively means just to get back to the way they were before they embarked on the Network project. Where are all these new subscribers going to come from? That's the reality WWE are facing up to and seeing their company lose value over... the realisation that if you were that big of a WWE fan you'd already have the WWE Network. The money to be made from the huge wrestling fanbase of 2 million people is at this point imaginary - the Network has told us that WWE's national popularity in America is under 700,000 committed fans.