During WWE's third quarter conference call with investors on November 3, 2011, CEO Vince McMahon stated the organization would "soon be making a very big announcement" regarding WWE Network plans. He said the company feels confident they "finally turned the corner" on the cable television network's status to make the announcement. Included will be future expenses of $4-6 million for staffing and $10-15 million for additional equipment and construction of their media center to house network operations.
According to a source within WWE's corporate headquarters in Stamford, Connecticut, the "very big announcement" is that Wrestlemania 28 will be broadcast live. The cable television network is expected to be launched on April 1, 2012, the day of WrestleMania.
WWE has bought an extensive amount of office space in Norwalk and Stamford, Connecticut to employ over 200 employees for the cable television network. They've also spent money on trailers so employees could work on digitizing their tape library. WWE has approximately 100,000 hours of footage in their tape library, with 30,000 hours currently digitized.
Dolph Ziggler On How He Felt With Lana Pairing, WWEShop Black Friday Sale, Weekend WWE Live Events
Former WWE NXT Creative Assistant Nails It In Rant About WWE's Product And Their Ratings Decline
Vince Russo's 'Nuclear Heat': Record Low RAW Rating, How To Fix RAW, Attitude Era Shows Being PG
Great Khali And Andre The Giant Biographies, Update On Khali's Wrestling School, Black Friday Sale
Brad Maddox Tweets After Release, WWE Star Feeds Homeless On Thanksgiving, Post-WrestleMania Tour
Bayley On Being The Last Of The Horsewomen In NXT, Randy Savage Inspiring Her Ring Gear, More
More On WWE Hall Of Famer Having Surgery, Survivor Series And RAW Attendance, RAW Vs. Grammys
** SPOILERS ** WWE SmackDown Results For This Week
WWE RAW Viewership Drops Under 3 Million
Backstage WWE WrestleMania 32 Notes On Sting, Triple H And John Cena Vs. The Undertaker
WWE Releases Brad Maddox Due To Promo At WWE TV Tapings
WWE Hall Of Famer Says He's Close To Becoming A Former Fan Of WWE