– As noted earlier, WWE will announce their next quarterly results on October 30th and will reveal WWE Network subscription numbers after launching internationally. Seeking Alpha has an article here looking at WWE’s earnings for the quarter. The article noted that following the news from other subscription services like Redbox Instant and Verizon this past month, the chances of WWE Network hitting their 1 million subscriber goal “went down considerably.” The article added that a problem with the value of the Network is that nearly half of the company’s original content – RAW and SmackDown – appears on free TV already.
– The Motley Fool has an article at Nasdaq.com about the WWE Network starting to feature advertisements. The article stated that the Network has been a failure so far, and that the company should consider offering it as a subscription-based service, like it does in Canada.
– As of this writing, WWE stock is down a whopping 7.31% today. The Street reports that the stock is down after Nathaniel August, who founded hedge fund Mangrove Partners, announced his short position in the company. August told CNBC that WWE would have to “double its subscriber number to the Network to justify its valuation,” which his firm doesn’t believe will happen.
– TiqIQ has an article here looking at WWE Hell In A Cell ticket trends on the secondary market. The average ticket price for the event was $149.03 in 2011, $228.20 in 2012 and $160.70 in 2013. The average ticket price on the secondary market for this year’s show is $159.12.
