Kane has always been on the cutting edge of technology, always on Vince McMahon. The WWE Hall of Famer said he was a little skeptical of a major industry. He thought Vince was insane when he realized that the boss wanted to transfer pay-per-views to the WWE Network for only $ 9.99 a month.
Speaking with Doug Collins Podcast, Kane expressed his shock at the decision. They believed that major PPVs should be their own, while other monthly shows serve as a network theme. Finally, Big Red Machine says Vince made the right choice.
“Vince’s true talent, when it comes to his entrepreneurship, I think is deciding where entertainment technology is going and going to the cutting edge. When he launched the WWE Network, we all thought he was crazy. You have a subscription-based network, great. Transferred and we were getting $ 50 a pop or something for PPVs.
When you go to the subscription base, and you get all the PPVs for $ 9.99 a month, you know you get them for free, or not for free, but PPVs. So, PPVs at the time, about 50% of the company’s revenues were coming from PPV. So you remove that entire revenue stream and move it to a different platform. Who in their right mind would do it?
That’s what he did, I thought he was crazy. What I thought he would do is, you keep important PPVs like WrestleMania, Royal Rumble, SummerSlam and Survivor Series. You put them on your PPV platforms and you move everything. Because they were somehow making great returns. But that’s not how he saw it, and I was wrong. Now you look at the network and the revenue is bigger than ever. They now outnumber the PPV’s in the network. He is not afraid to take risks. ”
Kane was mostly a stranger to professional wrestling. He has been into politics ever since. He was elected mayor of Knoxville, Tennessee in 2018. Compete for the second term In 2022.
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November 23, 2021 5:25 pm