Two major moves will happen over the next six weeks — the WWE Network’s move to Peacock on March 18, along with the search for a new home for the ThunderDome, which is where “Raw” and “Smackdown” are being held due to the coronavirus pandemic.
WWE Network was launched in February 2014 and was ahead of its time because it changed its business model from relying on pay-perview events in favor of an OTT (streaming media) service. The network originally partnered with MLB BAMTech to build the framework, which marked the first time that MLB Advanced Media had supplied all the hardware, software and built a network for another company.
BAMTech was eventually spun off by MLB into a separate company before Disney acquired majority ownership. Over the past couple years, WWE realized that trying to maintain the infrastructure could come at the expense of programming, bringing about the relationship with Peacock, which was a streaming service started last summer by NBCUniversal.
WWE president and chief revenue officer Nick Khan said discussions about WWE Network’s future had been happening since well before the pandemic.
“The big question internally was how much can you invest and keep pace with the technology? It would be a massive investment,” he said.
This story is from the March 12, 2021 edition of AppleMagazine.
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This story is from the March 12, 2021 edition of AppleMagazine.
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