WWE News & Rumors: WWE Announce Q1 Financial Results Ahead of Backlash 2017, WWE Network Subscriber Increases.
In WWE News & Rumors we bring you WWE’s Q1 Financial Results.
SmackDown Live exclusive pay per view Backlash will take place on May 21, 2017. WWE just announced the quarter 1 financial results. According to the to wrestling observer report WWE Network averaged 1,490,000 paid subscribers over the first quarter of 2017. It registered 16 percent higher than the previous year’s first quarter results.
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As of March 31
WWE Network Total Paid Subscriber: 1,574,000
Total Paid Subscriber In USA: 1,165,000
International Paid Subscribers: 409,000
Q1 Revenue Comparisons
Revenue in Q1 2016 $171.1 Million
Q1 Revenue in 2017 $188.4 Million
WWE Chairman Vince McMahon on Growth:
“We are pleased with the continued growth of WWE Network, which is a critical building block of our content strategy,” Vince McMahon was quoted as saying in a press release. “The recent production of WrestleMania set records for network viewership as well as digital and social engagement. As we leverage continuing innovation to extend our reach in India, China, and around the world, we are confident that the enduring and increasing global power of our brands will provide a solid foundation for long-term growth.”
Chief Strategy and Financial Officer George Barrios On Recent Push of Jinder Mahal:
Jinder Mahal who is currently getting a push by WWE. Not only he won the six pack challenge to become the no.1 contender, he also got a chance to challenge Randy Orton at Backlash 2017. This is considered as a marketing strategy. Because WWE recently established is merchandise shop in India. Jinder Mahal’s Indian connection is something to do with this recent push.
Along with Mahal “Singh Brothers” also know as Bollywood Boyz were continuously on WWE shows for quite sometimes.
However, Chief Strategy and Financial Officer George Barrios Said; “We let storylines drive who is popular or not, but a local character getting hot could boost business in a country a bit.”