WWE Streaming Video Service Tops 1.2M Subs

WWE Network
World Wrestling Entertainment announced its WWE Network subscription streaming service had 1.23 million paid subs for the third quarter, ended Sept. 30. The tally represented a 73% increase from the previous-year period. WWE Network ($9.99 monthly) was launched Feb. 24, 2014, utilizing technology from Major League Baseball Advanced Media, which also powers HBO Now and WatchESPN, among other digital properties.

WWE Network generated $40.2 million in operating income on revenue of $145.8 million. The service has premiered more than 85 hours of original content, including "Beast in the East," "NXT Takeover: Brooklyn," "Swerved" and "Stone Cold Podcast."

WWE said its YouTube content was the most-viewed channel on the Google-owned social media site in August, ranking above other channels such as BuzzFeed and Taylor Swift; WWE content (on and off-channel) garnered close to 7 billion views on a trailing 12 month basis.

Meanwhile, WWE discs continue to sell at retail, including WWE: Night of Champions 2015, WWE: SummerSlam 2015, WWE: Battleground, WWE: Payback, WWE: Money in the Bank and WWE: Fast Lane 2015, among others.

"Over the next year, we expect to leverage our brand and content initiatives to further enhance engagement, promote network subscription, and maximize our long-term earnings growth," CEO Vince McMahon said in a statement.