>WWE is now putting ALL of their PPVs on the WWE Network
>including WrestleMania, which now means 1. they're going to
>lose crucial PPV revenue, and $50/mth each is > $9.99/mth. 2.
>They're now going to REALLY have to depend on getting a
>significant increase in rights fees for Raw and other shows
>that are coming up to be renegotiated in case the Network
>doesn't pull it's own weight.
>

WWE's stock is up 100% over the past four quarters, despite badly missing earnings estimates on three of those. it's trading at a P/E of 104! what is this, a high-beta tech stock?

i have no idea how they expect to improve already-eroded gross margins with a $9.99 price point. they're really gonna need to hit a home run with this... otherwise look out below.