Ouch: WWE’s Biggest Streaming Partner Loses A Fortune
That’s a lot of money. WWE has made a fortune by producing so much content that they are constantly in demand. Other platforms are interested in bringing over WWE and everything that they can showcase, which comes with a built in audience. That can come at a high price tag, and now it seems that one of WWE’s biggest partners has paid for quite a few of those price tags.
According to Variety, Peacock, the official platform for the WWE Network in the United States, lost $1.7 billion in 2021, doubling its losses from last year. Peacock is entering its third year of availability and features Universal films, NBC television and WWE content. There is nothing to suggest that Peacock will be shutting down, as it is reportedly not expected to be profitable until 2025.
Opinion: This is one of those things that is kind of hard to get my head around, as losing nearly two billion dollars sounds catastrophic to any business. That being said, NBC Universal is a mammoth company and something on the level of Peacock is going to have some very high costs. WWE is benefiting from the amount of money that NBC Universal is willing to spend too, and that is a big reason why WWE does not want to change.
What do you think of WWE on Peacock? What else would you like to see added? Let us know in the comments below.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 60,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 6,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books
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