Major Backstage Update On WWE's Network Plans
There is said to be no complete direction in place for the new WWE Network that debuts next year. Ideas have been tossed around about doing TV series and reality shows with the WWE talents. The backbone of the network will be WWE's massive tape library and the WWE Studios films. Vince McMahon made an internal decree six weeks ago to get a move on everything as they want the network up and running by the end of 2012.
As noted earlier, WWE has taken out a $200 million line of credit with JP Morgan Chase Bank. Vince McMahon stated earlier this year that WWE would be willing to go into debt spending, something they have avoided doing. WWE said they would be doing this because interest rates are low right now and it would be used to help finance the new television network.
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