We already mentioned that WWE has lost millions of dollars on the Network already. Well the problem for WWE, which no other wrestling promotion in the world faces, is that they are a publicly traded company with shareholders to please. So when their stock goes down, you can bet it's not a metaphor. Their stock has literally plummeted in 2014 and shareholders have rightfully evacuated. April 7 (the day after WrestleMania) was the day WWE revealed that less than 700,000 people had subscribed for the first six month period. Failing to reach their target of 1 million subscribers set off alarm bells at the stock exchange and investors sold their stock like it was poisonous. So yes the shareholders have taken a hit too.But as we mentioned earlier, WWE responded to this loss of income by firing over a dozen wrestlers and 55 employees in order to keep costs down and appease these shareholders. They come first see.
As a wrestling fan I've flown across the Atlantic for the last five years specifically to attend WrestleMania (28 and 30) as well as TNA, ROH, Evolve, Chikara and most recently PWG.
I may have a problem!
But if you're reading my work then you probably love wrestling too, so lets focus on that!
