Vince McMahon's 10 Biggest Successes
6. WWE Network
It
was a dream come true for wrestling fans and a new business model for the
McMahon empire. The WWE Network dismantled the traditional pay-per-view
structure, allowing viewers to pay only $9.99 a month for unlimited content
including events they used to pay $35, $40, $50, even $60 for. Utilizing the
vast tape libraries acquired over the years, WWE’s version of Netflix offers
fans a never-ending treasure trove of classic action.
After
WresteMania 33, three years since launching the network, WWE announced 1.95
million subscribers, a 7% increase from the same time a year prior. The
domestic subscriber base grew 4% to 1.45 million and the international
subscriber base soared 15% to 497,000.
It’s
still too early to know how else the Network will change the business, but so far
McMahon has made the right move by adapting to the technological advancements
of the 21st century.