McMahon lost an estimated $842 million on-paper worth from late March to late April (©GettyImages)
McMahon lost an estimated $842 million on-paper worth from late March to late April (©GettyImages).

WWE talent releases due to The Network?

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The recent wave of WWE talent releases were part of cost-cutting measures aimed at stemming the losses of the WWE Network.

The venture, which has thus far seen far fewer subscribers than initially predicted, is an in-house TV channel and on-demand service in the mold of Sky Sports F1 or Netflix.

But despite a fairly nominal subscription price in the US - $9.99 a month - The Network has resulted in heavy losses for the group.

And in response to owner Vince McMahon's personal wealth loss, the lower than anticipated income from renewed TV-rights deals and the company's stock price plummeting, there have been cuts to the locker room staff.

Any superstars deemed dispensable by the group were swiftly sent packing over the space of several days, with former Tag Team and Intercontinental champion Drew McIntyre among the most high-profile names to be given the chop.

Former SmackDown General Manager, manager and referee Teddy Long's contract expired, with Jinder Mahal also receiving the call that his employment had been terminated.

Elsewhere, Japanese superstar Yoshi Tatsu was released, alongside JTG, Brodus Clay and Evan Bourne.

Curt Hawkins - who had several years left on his deal - was surprisingly released, along with NXT wrestler Camacho, Diva Aksana and referee Marc Harris.

The idea within WWE had initially been to avoid cuts and merely allow contracts to expire naturally over time, but given the heavy losses incurred lately, they have had to change course.

There is internal concern within WWE right now that another wave of cost-saving cuts could be imminent.

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