– The Los Angeles Times has covered WWE’s Network announcement. They note that Vince McMahon says the terms pay-TV distributors wanted in return for carrying the WWE Network were “too restrictive”. WWE had deals ready to go with major distributors for a network that would have generated fees of 20 cents per month, per subscriber. Vince said he would not sign it.
Regarding cable and satellite providers continuing to carry WWE pay-per-view events, Vince said:
“I think it’d be foolish for them not to want to carry the pay-per-view anymore. It’s found money for them.”
After Vince’s comments, DirecTV representatives confirmed they could drop WWE pay-per-views.
“Clearly we need to quickly re-evaluate the economics and viability of their business with us, as it now appears the WWE feels they do not need their PPV distributors,” DirecTV said in a statement, adding that the audience for its events “has been steadily declining, and this new low-cost competitive offering will only accelerate this trend.”
The Hottest WWE news, photos and videos delivered to your inbox in one convenient newsletter. Sign up now and give it a try!