Daniel Jennings
Long only, deep value, contrarian, momentum

WWE Tries To Give Itself Float With Streaming Video Subscriptions

A lot of investors are probably wondering why World Wrestling Entertainment (NYSE:WWE) is staying the course with its new business model based on streaming video subscriptions.

The streaming video experiment called WWE Network hasn't done much for WWE's bottom line or financials so far. On Aug. 1, the venerable wrestling promotion announced that it was eliminating 7% of its workforce because of a $14.5 million net loss. The loss compares to a $5.2 million net profit WWE made last year before the WWE Network launched on Feb. 24, 2014.

Nor has the venture given a long0-term boost to WWE's share price. WWE was trading at $24.67 a share on Feb. 21, 2014, and $14.57 a share on August...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details