Sources: The Los Angeles TimesThe Los Angeles Times has an article about WWE's Network announcement. They note that WWE was looking it creating a pay channel model similar to HBO and Showtime, but Vince McMahon felt that the terms pay-TV distributors wanted in return for carrying the WWE Network were "too restrictive." WWE had deals ready to go with major distributors for a network that would have generated fees of 20 cents per month, per subscriber. Vince said he would not sign it "to the chagrin" of his staff.
Regarding cable and satellite providers continuing to carry WWE pay-per-view events, Vince said:
"I think it'd be foolish for them not to want to carry the pay-per-view anymore. It's found money for them."
As noted last night, DirecTV representatives confirmed to The Los Angeles Times that they could drop WWE pay-per-views.
"Clearly we need to quickly re-evaluate the economics and viability of their business with us, as it now appears the WWE feels they do not need their PPV distributors," DirecTV said in a statement, adding that the audience for its events "has been steadily declining, and this new low-cost competitive offering will only accelerate this trend."
Got a news tip or correction? Send it to us by clicking here.
Short URL: http://winc.cc/6l8SS3
Vince McMahon And Triple H Watch Piper Video, Cesaro Acknowledges Fans, Piper Eye Poke Tribute
WWE Announces Actor For Next Week's RAW As Guest Star
Ronda Rousey's Next Fight, Diaz Brothers Banned From MMA Event, UFC Rankings Movement
Wrestling INC. Podcast: Roddy Piper Passes Away, Brock Lesnar Back On Raw, Ronda Rousey, & More
Photos: Elijah Becomes Honorary WWE Superstar After RAW Goes Off The Air
Six-Man Match On SmackDown, Charlotte And Becky Lynch Talk Submission Sorority, The New Day
Paige And Steve Austin On Who Started The Divas Revolution, WWE Tough Enough, Patrick's Ego, More
Update On New Gimmicks For Several WWE Talents
WWE Monday Night RAW Results - Six-Man Main Event, Paul Heyman And Brock Lesnar, More
More Dana White Backlash, CM Punk On Wrestling Being "Fake," Bully Ray Wants Apology, More
Why Kane Was Written Out Of Storylines, New Details On WWE Movie With Dolph Ziggler,
Sexy Star Nude Photoshoot Video, Lucha Underground - Dario Cueto Note, Shelton Benjamin - GFW Video