The Los Angeles Times is featuring an article looking at the proposed WWE Network claiming the company is now considering an “HBO-like pay cable channel.” The expected price tag would be as low as $10 or as high as $15 per month.
“The WWE is still not ready to declare what type of channel it is planning. George Barrios, the WWE’s chief financial officer would only say: ‘The WWE Network in any form is a transformative opportunity if we execute it right.’ As for the growing impatience on Wall Street over the network, Barrios said: ‘It is taking the appropriate amount of time for us to identify the best strategic and financial opportunity.’
Despite the slow pace of the channel’s development, analysts such as Safalow are not ready to throw in the towel. The WWE’s recently launched YouTube channel WWE FanNation has already become one of the most popular outlets on the site with more than 600,000 subscribers, an amount that Safalow feels is further proof that there is a market for a cable outlet.”