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DEAR OH DEAR
>It appears that ESPN's agreement with WWE may not be yielding the expected financial returns.
>The Wrestlepalooza event reportedly attracted only 100,000 to 125,000 new subscribers, which is considered a disappointing outcome.
>“If every month’s like this, it’s worth $35M a year. They’re spending $325M for $35M in return.”
>That’s why these deals lose money — banking on 50M subs someday.
(via WOR)
https://x.com/TheCovalentTV/status/1981022970161054003
>It appears that ESPN's agreement with WWE may not be yielding the expected financial returns.
>The Wrestlepalooza event reportedly attracted only 100,000 to 125,000 new subscribers, which is considered a disappointing outcome.
>“If every month’s like this, it’s worth $35M a year. They’re spending $325M for $35M in return.”
>That’s why these deals lose money — banking on 50M subs someday.
(via WOR)
https://x.com/TheCovalentTV/status/1981022970161054003
