WWE has finally hit its target of 1 million WWE Network subscribers just before the anniversary of Vince McMahon's decision to establish the subscription-based streaming service.
Today marks a big day for the WWE as they finally get some good news out to the masses after a torrid 12 months that was encapsulated in the negative fan reaction to WWE's Royal Rumble pay-per-view on Sunday.
McMahon has faced a lot of criticism for creating the network which has lost them millions in that last 12 months, but today WWE's Chairman was thrilled to announce that the wrestling company has finally reached its target.
McMahon has previously said that WWE needed 1 million Network subscribers to break even on the project and WWE's Chairman was so delighted that he spoke about the news in a somewhat smug WWE press statement on Tuesday.
“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,” explained WWE Chairman & CEO Vince McMahon.
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Bad publicity = good publicity
Despite #CancelWWENetwork trending worldwide on Sunday night and into Monday morning following a controversial end to Royal Rumble, it's believed that more fans in fact signed up to WWE Network than cancelled their subscription on Monday.
It's clear that the discerning voices may be loud but not necessarily speaking for the whole of the WWE Universe.
Regardless of the controversy, fans across the globe are engaging with the WWE in one way or another so some in the company may think that even bad publicity is good publicity.
One thing's for sure, getting to the milestone of one million WWE Network subscribers is definitely a big moment for the company, and it has subsequently resulted in WWE's stock taking a massive surge upwards as of Tuesday afternoon.
Reports have confirmed that WWE's stock rose significantly after the WWE Network announcement. "Stock is currently up 14.79%, trading at $12.03 per share. It was at $12.19 earlier," wrestlinginc reported.
So what do you think WWE fans? Does Roman Reigns deserve to main event WrestleMania 31? Has Vince McMahon lost the plot? Leave your thoughts in the comments box below.
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