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Just ran across this article talking about Vince McMahon lost $350 million--1/3 of his fortune, knocking him out of the billionaire ranks--after the WWE's stock plummeted.
One of the cited reasons? Lack of confidence in the WWE's online network, which apparently has only picked up 700,000 subscribers so far and is expected to lose around $50 million this year.
I know many of us were thinking that if the WWE network were successful, then we could see a similar move from the UFC sometime in the future. So what does this mean for the UFC? It appears that for now we're still stuck with high-priced PPVs.
Source: http://www.thepostgame.com/blog/dis...n-loses-350-million-third-his-fortune-one-day
One of the cited reasons? Lack of confidence in the WWE's online network, which apparently has only picked up 700,000 subscribers so far and is expected to lose around $50 million this year.
I know many of us were thinking that if the WWE network were successful, then we could see a similar move from the UFC sometime in the future. So what does this mean for the UFC? It appears that for now we're still stuck with high-priced PPVs.
Source: http://www.thepostgame.com/blog/dis...n-loses-350-million-third-his-fortune-one-day