WWE News: Vince McMahon on the WWE Network and international markets


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WWE News


WWE News: Vince McMahon on the WWE Network and international markets
Feb 28, 2013 - 08:49 AM


WWE issued a press release labeled a "business plan and potential path to significant earnings growth" on Thursday. The forthcoming WWE Network is the first of several "primary drivers" that are designed to achieve significant earnings growth.

"Our plan to transform our business is based on the global appeal of our brands and the rising value of content," Vince McMahon stated. "We believe we can achieve a significant increase in earnings based on launching a WWE network in the U.S. and international markets, leveraging the renewal of our largest content agreements, and developing digital products, such as mobile games and gamification of content, which take advantage of our presence online and in social media." You can read the full press release at 4-traders.com.

Powell's POV: No, WWE has not released a launch date for the WWE Network. I'm sure Vince will be pressured to give a potential timeline in the conference call he is heading (and we will be covering) at 10:00 a.m. CT today. It is worth noting that Vince's statement shows that WWE wants to make the network more than just an domestic product.

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