Warner Bros. in Talks to Acquire WWE Library (Exclusive)
September 12, 2014 - WWE
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The library binds an estimated 150,000 hours of calm dating behind to a 1950s
Warner Bros. is in talks to acquire a WWE library, dual people with believe of a negotiations told TheWrap.
Warners Bros. and a WWE declined to comment.
While a sum and financial terms of a understanding were not disclosed, a library is estimated to have scarcely 150,000 hours of content, consisting of radio shows, pay-per-view events and residence shows dating behind to a 1950s. It also contains a vast preference of a visible story of complicated veteran wrestling.
WWE’s home video (DVD) library is now managed by Cinedigm. It is misleading if a talks would impact a element in this collection.
The WWE Network, that launched in February, has done use of a library though hasn’t received adequate monthly subscribers to make adult for a mislaid pay-per-view orders. At $9.99 per month, it indispensable 1.3 to 1.4 million subscribers, though a company closed a initial entertain with only underneath 670,000 subscribers and disappearing PPV revenue. The WWE Network believed it would strech one million subscribers this year.
The WWE Network is a 24/7-streaming network that features 12 WWE live pay-per-view events, strange programming, existence shows, documentaries, classical matches and some-more than 1,500 hours of video on direct during launch.
For a record: An progressing chronicle of this story indicated that Cinedigm hold a whole WWE library. The association binds WWE’s home video (DVD) library.
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