Home Entertainment Despite Royal Rumble Recoil, WWE Stock and Subscriptions Spike

Despite Royal Rumble Recoil, WWE Stock and Subscriptions Spike

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Vince-McMahon
(WWE CEO Vince McMahon)

Royal Rumble caused quite a stir for WWE fans. Many were upset to the point of firing back at the company by taking to twitter in support of the #CancelWWENetwork hashtag, which garnered so much support that it became a top trending hashtag on twitter. With the news that Storm Juno had put a damper on the pivotal Monday Night Raw, it looked like the company would be taking a large hit over the course of a rough two days. Contrary to those factors, The WWE announced yesterday that it had hit a whopping 1 million subscribers.

Vince-McMahon
(WWE CEO Vince McMahon)

WWE CEO Vince McMahon remarked,

“We’re thrilled that we’ve surpassed the 1 million subscriber milestone less than a year after launching WWE Network and in advance of WrestleMania, our biggest event of the year on March 29,” said WWE Chairman & CEO Vince McMahon. “We remain focused on delivering an outstanding value proposition for ours fans by adding new content and new features in the coming year.”

The ripple effect was felt all the way through company and into the New York Stock Exchange. WWE stock shot up a staggering 19.3% Tuesday after the subscription numbers announcement, peaking at $12.57 a share at 3:30 p.m. WWE Credits the availability of the WWE Network as a great contributing factor to hitting the one million subscribers mark. The network is available everywhere online, through home devices such as Sony Playstation, Xbox One, as well as smart TV devices such as Amazon Fire TV, and Apple TV. The network has also spread internationally, making the vast wrestling library available in the U.K. and Ireland. While Scifighting had originally reported that the cancellation page on the WWE website was so overloaded that it crashed, a source told the New York Post that those claims were not true.

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SciFighting's mission is to bring a higher standard of fitness to both the professional athlete and general population through concise reporting on the latest trends in the science of fighting. Our involvement in mixed martial arts spans both the professional and recreational realms of the sports. In addition to reporting on the news in the industry we function as a think tank, researching new facets of combat science and developing new tools and techniques to analyze theoretical and practical applications.