New WWE Home Entertainment Partner

[The Ultimate Nullifier]

www.f4wonline.com/more/more-top-stories/96-wwe-news/38899-update-on-wwe-library-sale


According to a few sources close to the situation, the story in Thewrap.com regarding WWE selling its entire library of 150,000 hours of content to Warner Brothers is not true.

What is in play is a deal between Cinedigm and Warner Brothers for the home video distribution rights to the entire WWE library.

[The Ultimate Nullifier]

www.f4wonline.com/more/more-top-stories/96-wwe-news/38889-is-wwe-bailing-on-the-network-or-on-use-of-archives-while-ufc-looking-at-acquiring-new-content


The Wrap.com has an article that WWE is in talks of selling its entire pro wrestling library to Warner Brothers. The story said that neither side would comment on the story and that WWE is transitioning away from using its library. It indicated it was due to disappointing network subscriptions.

The news comes at the same time that UFC is paying significant money to acquire a number of MMA libraries. A source with knowledge of two content libraries that UFC doesn't own said that negotiations for purchasing them has reached significant amounts of money.

[The Ultimate Nullifier]

www.thewrap.com/warner-bros-in-talks-to-acquire-entire-wwe-library-exclusive/


Warner Bros. in Talks to Acquire WWE Library (Exclusive)


The library holds an estimated 150,000 hours of content dating back to the 1950s

Warner Bros. is in talks to acquire the WWE library, two individuals with knowledge of the negotiations told TheWrap.

Warners Bros. and the WWE declined to comment.

While the details and financial terms of the deal were not disclosed, the library is estimated to have nearly 150,000 hours of content, consisting of television shows, pay-per-view events and house shows dating back to the 1950s. It also contains a large selection of the visual history of modern professional wrestling.

WWE's home video (DVD) library is currently managed by Cinedigm. It is unclear if the talks would affect the material in this collection.

The WWE Network, which launched in February, has made use of the library but hasn't received enough monthly subscribers to make up for its lost pay-per-view orders. At $9.99 per month, it needed 1.3 to 1.4 million subscribers, but the company closed its first quarter with just under 670,000 subscribers and declining PPV revenue. The WWE Network believed it would reach one million subscribers this year.

The WWE Network is a 24/7-streaming network that features 12 WWE live pay-per-view events, original programming, reality shows, documentaries, classic matches and more than 1,500 hours of video on demand at launch.

For the record: An earlier version of this story indicated that Cinedigm held the entire WWE library. The company holds WWE's home video (DVD) library.