Source: ForbesAs noted earlier, Forbes has an interview with Vince McMahon, who discussed the Network and the future of the company.
The recent surge in the stock was discussed, with the story noting that while the stock price has tripled in the past six months, revenues "have barely budged over the last few years," and profits have been stagnant.
The article also noted that Intrepid Capital Management sold their 10% stake in the company this past January. Intrepid portfolio manager Jayme Wiggins stated that while the WWE Network "is a slam dunk for a die-hard fan," he doesn't believe that they will be able to draw 1 million subscribers, and that their core is around 700,000. From the Forbes article:
Not everyone is sanguine about those prospects, however. Intrepid Capital Management was WWE's largest outside shareholder until January 2014, when it sold its 10% stake in the public float at a 100% profit. Intrepid portfolio manager Jayme Wiggins believes the WWE Network will be a tougher sell.
It should be noted that the stock took a big hit this afternoon around 1pm ET after the article came out. At the time of this writing, it is down 7.34%.
Short URL: http://winc.cc/qk7Ze4
WWE Live Event Results From White Plains (5/24): Lana Helps John Cena Win, Title Matches, More
Ring Of Honor TV Results (5/24): Jay Lethal Vs. Kyle O'Reilly, Surprise World Title Match.
Booker T Unveils GI Bro Comic (Video), WWE Announcer Hosting Comedy Show, John Cena Note
Kane On The Current Incarnation Of His Character, What He Would Say To Isaac Yankem Of 1995, More
Finn Balor Talks Coming Up With The Bullet Club, Not Being Allowed In The NXT Ring, His Body Paint
Slow News Day Video: David Letterman Mocks Vince McMahon During Segment In 1985, "Shawn Michael"
New UFC Champ Involved In Scuffle At Presser, UFC 187 Bonuses, Last 2015 UFC Hall Of Fame Inductee
Triple H And Seth Rollins To Feud?, Samoa Joe Talks NXT Debut, Five Former WWE Divas Reunite
CM Punk Posts Light Hearted Tweet About Wrestling Again, Promoter Wants To Book Samoa Joe Vs. Punk
TNA Announcer Blasts WWE Hypocrisy After Samoa Joe Debut, TNA Live Event Tickets, Slammiversary
Mick Foley, Jim Ross, Natalya And Others Remember Owen Hart
Backstage News On Samoa Joe's WWE Contract, Injured WWE Superstar Grows A Beard, Sami Zayn