WWE Network Officially Announced: Report, Videos & Your Feedback

Welcome to our live coverage of tonight's WWE groundbreaking announcement at the Consumer Electronics Show in Las Vegas. You can watch it live in the video above and enter your comments during our coverage below.

Tonight's press conference kicks off with Michael Cole welcoming us. Cole introduces Vince McMahon and out he comes. Vince says first and foremost he's a WWE fan. He leads us to a video package.

The video touts many of WWE's successes, their programs in the community, partnerships with celebrities and lots more. Vince says today is a good day to be a WWE fan because we are... drumroll... announcing the launch of the WWE Network. There's an applause from the crowd. Vince introduces Michelle Goldstein to explain the Network.

Michelle talks about how Vince launched WrestleMania I and changed WWE back in the 1980's, giving birth to the pay-per-view business. Michelle says WWE is here once again to change how TV is viewed with an even more revolutionary move. She says the Network promises to be the most innovative network in history. She says they are literally going over the top. There will be a 24/7 streaming service with scheduled programs, live content and on-demand content. She says this has never been done before. Why over the top and why now? She says WWE's fanbase shows they want WWE content any time, any where and on any device. Also, fans are willing to pay for premium content. She talks about the large subscriber base WWE has and talks about how fans consume a lot of online content. She says WWE fans are twice as likely to purchase online platforms like Netflix and Hulu Plus. All 12 live WWE pay-per-view events, including WrestleMania, will be shown on the Network. There will be groundbreaking original series, in-ring shows, live pre and post shows for RAW and SmackDown, reality shows and a new live in-studio show. The Network will include every single WWE, WCW and ECW pay-per-view on demand. Past years of RAW and SmackDown, and much more will also be available on demand. She says they will continue to add more content every month. Michelle then announces it will be just $9.99 per month.

The Network will be available on the WWE App, WWE.com, desktops, Xbox 360, Amazon Kindle, Playstation 3 and 4, Roku. Soon it will be available on Xbox One and smart TV's. Eventually it will be launched in the UK, Canada and other countries. She estimates by late 2014 or early 2015. She shows us the interface of the Network and it looks similar to the recent Netflix re-design. Stephanie McMahon is out next.

Stephanie says no matter what kind of fan you are, this will be the destination. Stephanie talks about the new pre and post shows for RAW and SmackDown. There will be a one-hour weekly NXT show. She cuts to a video package of NXT and Full Sail University, where they tape that show at. Stephanie announces the premiere of WWE Legends House and talks about the show that was filmed previously. She shows us a video preview.

There will be a new original series called WrestleMania Rewind. She shows us a video preview. It will be a show looking back at the different WrestleMania events with various personalities involved discussing it. Stephanie says the Network is also about fun. She introduces Shawn Michaels and Triple H to an applause.

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