The quarterly financial reports came out today, and they were anything but great news for the WWE. Since the initial subscriber count was announced after WrestleMania, the WWE Network has only added 33,000 net subscribers. While signing up 161,000 new subscribers, they've also lost 128,000, bringing them to a total of about 700,000, according to WrestlingINC.com.
In an effort to protect itself from Wall Street backlash, the WWE made two key announcements.
First, CFO George Barrios announced a set of improved "efficiencies" across the company that will bring down costs, including a reduction...
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