– WWE reported today that WrestleMania XXX drew 690,000 pay-per-view buys. They previously announced almost 400,000 domestic buys. Considering the fact that the Network had over 667,000 subscribers at the time of WrestleMania, the show could have been viewed by over 1.35 million homes.
– SeekingAlpha.com has published an article about why investors should stay away from WWE stock. Their overall summary for why to avoid the stock:
- WWE’s goal of 2 to 3 million WWE Network subscribers in the steady state is aggressive.
- The company is very mismanaged and the product has been deteriorating.
- The future of WWE’s stock is dependent on the number of Network subscribers, which is difficult to predict.
As of Tuesday afternoon, the stock is hovering just over $11, down almost 2% today.
* Jim Ross Blogs About SETH ROLLINS Turning On THE SHIELD