Number of WWE Network Subscribers Revealed; Company Stock Falls

Per the WWE corporate website, the WWE Network currently has a total of 667,287 subscribers. The company hopes to reach the 1 million mark by the end of 2014.

Here is a look at the full statement:

WWE NETWORK ON TRACK TO 1 MILLION SUBSCRIBERS

STAMFORD, Conn., April 7, 2014 – WWE (NYSE: WWE) today announced that WWE Network has 667,287* subscribers and is well on its way to reaching its goal of 1 million subscribers by the end of 2014 just 42 days after launching in the U.S., making it the fastest-growing digital subscription service. This announcement comes following a historic WrestleMania® 30, which aired live on WWE Network as well as on pay-per-view through satellite and cable providers from a sold-out Mercedes-Benz Superdome in New Orleans.

WWE Network launched on February 24 in the U.S. and will be rolled out in Canada, the U.K., Australia, New Zealand, Singapore, Hong Kong and the Nordics in late 2014/early 2015.

WWE Network is the first 24/7 streaming network that provides access to live and scheduled programming, including all 12 live pay-per-view events, as well as the most comprehensive video-on-demand library. Available for only $9.99 a month – with a six month commitment – fans can subscribe to WWE Network at WWE.com. WWE Network is available on connected devices including Apple TV, Roku streaming devices, Sony PlayStation® 3, Sony PlayStation® 4 and Xbox 360. WWE Network is also available through the WWE App on iOS devices, including Apple iPad and iPhone, Amazon’s Kindle Fire devices and Android devices, as well as on desktops and laptops via WWE.com.

Following the reveal of the aforementioned numbers, the WWE’s stock fell five dollars per share.

Editor’s Note

667,287 subscribers seems like a lot in retrospect, however, the drop in WWE stock has to be of a concern. Hopefully WrestleMania XXX changed a lot of peoples minds on whether or not the Network would be worth it. 1 million seems like an achievable mark by the end of 2014.