WWE® Network Hits 1 Million Subscribers
January 27 2015 - 12:30PM
Business Wire
WWE® (NYSE: WWE) today announced that WWE Network has surpassed
1 million subscribers just 11 months after launch, making it the
fastest-growing digital subscription service. These results
represent a 37 percent increase (24 percent domestically) in
subscribers since last reported1 at the end of third quarter 2014,
driven primarily by a successful free November promotion, the
launch of the service in the UK and significant additions for the
Royal Rumble pay-per-view event.
“We’re thrilled that we’ve surpassed the 1 million subscriber
milestone less than a year after launching WWE Network and in
advance of WrestleMania, our biggest event of the year on March
29,” said WWE Chairman & CEO Vince McMahon. “We remain focused
on delivering an outstanding value proposition for ours fans by
adding new content and new features in the coming year.”
Viewer data continues to indicate that, on average, close to 90
percent of subscribers access WWE Network at least once per week,
99 percent access WWE Network at least once per month and 86
percent of subscribers are satisfied with WWE Network.
Like other digital subscription services, such as Netflix and
Hulu Plus, fans are able to sign up for WWE Network online by going
to WWE.com and can watch WWE Network on their TVs through connected
devices such as Sony Playstation 3, Sony Playstation 4, Xbox One,
Xbox 360, Amazon Fire TV, Apple TV and Roku streaming devices as
well as Smart TVs including Sony and Samsung. The U.S. English
language version of WWE Network is available direct to consumers in
more than 170 countries and territories and recently launched in
the UK and Ireland.
WWE Network’s one-of-a-kind programming includes all 12 WWE
pay-per-view events LIVE at no additional charge plus
groundbreaking original series, reality shows, documentaries,
classic matches, exclusive coverage of special events and more than
2,000 titles in its video-on-demand library.
Average fourth quarter and year-end WWE Network numbers will be
reported in the normal course as a part of our earnings release on
February 12.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated
media organization and recognized leader in global entertainment.
The company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE
is committed to family friendly entertainment on its television
programming, pay-per-view, digital media and publishing platforms.
WWE programming reaches more than 650 million homes worldwide in 35
languages. WWE Network, the first-ever 24/7 over-the-top premium
network that includes all 12 live pay-per-views, scheduled
programming and a massive video-on-demand library, is currently
available in more than 170 countries. The company is headquartered
in Stamford, Conn., with offices in New York, Los Angeles, London,
Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich and
Tokyo.
Additional information on WWE (NYSE: WWE) can be found at
wwe.com and corporate.wwe.com. For information on our global
activities, go to http://www.wwe.com/worldwide/.
Trademarks: All WWE programming, talent names, images,
likenesses, slogans, wrestling moves, trademarks, logos and
copyrights are the exclusive property of WWE and its subsidiaries.
All other trademarks, logos and copyrights are the property of
their respective owners.
Forward-Looking Statements: This press release contains
forward-looking statements pursuant to the safe harbor provisions
of the Securities Litigation Reform Act of 1995, which are subject
to various risks and uncertainties. These risks and uncertainties
include, without limitation, risks relating to entering into,
maintaining and renewing key agreements, including television and
pay-per-view programming and our new network distribution
agreements; risks relating to the launch and maintenance of our new
network; the need for continually developing creative and
entertaining programming; the continued importance of key
performers and the services of Vincent McMahon; the conditions of
the markets in which we compete and acceptance of the Company's
brands, media and merchandise within those markets; uncertainties
relating to regulatory matters; risks resulting from the highly
competitive and fragmented nature of our markets; uncertainties
associated with international markets; the importance of protecting
our intellectual property and complying with the intellectual
property rights of others; the risk of accidents or injuries during
our physically demanding events; risks associated with producing
and travelling to and from our large live events, both domestically
and internationally; risks relating to our film business; risks
relating to new businesses and strategic investments; risks
relating to our computer systems and online operations; risks
relating to general economic conditions and our exposure to bad
debt risk; risks relating to litigation; risks relating to market
expectations for our financial performance; risks relating to our
revolving credit facility specifically and capital markets more
generally; risks relating to the large number of shares of common
stock controlled by members of the McMahon family and the
possibility of the sale of their stock by the McMahons or the
perception of the possibility of such sales; the relatively small
public float of our stock; and other risks and factors set forth
from time to time in Company filings with the Securities and
Exchange Commission. Actual results could differ materially from
those currently expected or anticipated. In addition, our dividend
is dependent on a number of factors, including, among other things,
our liquidity and historical and projected cash flow, strategic
plan (including alternative uses of capital), our financial results
and condition, contractual and legal restrictions on the payment of
dividends, general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant.
1 Subscriber numbers in UK/Ireland are subject to local consumer
protection laws and regulations governing fee charges
WWEMedia Contact:Matt
Altman, 203-352-1177Matthew.Altman@wwecorp.comorInvestor Contact:Laura Kiernan,
203-328-2519Laura.Kiernan@wwecorp.com
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