What Will The WWE Network Cost Subscribers?, Foley Note, The Rock Talks New Movie (Video)
|By Raj Giri||March 21, 2013 | Comments|
- The Rock discussed his new movie, GI Joe: Retaliation, with The Showbiz 411 in the video above.
- We posted highlights from an interview that 4-Traders.com conducted with WWE CFO George Barrios yesterday. During the interview, it read that Barrios stated that the price to subscribe to the WWE Network would be between "$12.99 or $40.99." That was actually a misprint on the 4-Traders site as Barrios actually said $14.99, not $40.99. Here is his comment about the upcoming Network and doing away with monthly pay-per-views:
"Continuing on with our core products, we're going to keep them fully distributed," said Barrios. "We think that's a great platform for a network. And we think there's a lot of value as those shows come up for renewal. Our four biggest contracts will be renewed over the next three years. We think that's a great opportunity for us because of the value we deliver. Then to the network, we said we're going to take our pay-per-views. We're one of the preeminent pay-per-view providers today and our pay-per-views are priced anywhere between $49.95 and $59.95 today and we're going to make that the core of a value proposition with a lot of other new content and put it on a premium network so that our fans can subscribe. We said the price will be somewhere between $12.99 or $14.99, to be determined as we go to market but we think that's a real great opportunity. And to your question about break-even, about a million subscribers because the pay-per-view buyers will migrate over to the network. That's our belief. About a million subscribers, we break-even at 2 million, it's a really good business; at 3 million to 4 million, for us it's transformative.
"We believe the value proposition will be much more powerful to subscribe to a network at $12.99 to $14.99, 24/7, you have the pay-per-views, a lot of great content, our library, a lot of retrospective programming that we're doing that's testing really, really well, we're producing it right now so over time, I think the pay-per-view does go away."
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