Subhojeet Mukherjee on June 8, 2022
WWE Hall Of Famer Kane is certainly one of the most respected and loved Superstars in the company. Kane has competed in numerous matches in his career and been part of several memorable moments. He also has a very high opinion of Vince McMahon.
On the other hand, Vince McMahon is the Chairman of WWE and is one of the most controversial names in the pro wrestling world. He has given countless memorable moments throughout the years in WWE, but many also hate him.
However, many fans agree that he is a genius when it comes to begin a businessman. While speaking on Honest Offense with Eric Cervone, Kane talked about McMahon’s business skills. He also said that Vince McMahon has weird ESP when it comes to trends in pro wrestling.
“You look at pay-per-view, if you go to www.payperview.com, you get redirected to WWE. Vince did not invent pay-per-view, but you can make an argument that he was the guy that perfected it. He was ahead of the curve there. We had a huge presence on the internet in 1995, before anyone really knew what the internet was. We were doing chat rooms and all sorts of stuff. Then, you look at the app that came out, which was kind of not great, but he recognized before a lot of people did that folks were migrating away from their TV and to their computer and now they are migrating from their computer to a handheld device. When the app came out, we were like, ‘we’re behind the curve.’
The reason for that was, they were thinking about WWE Network, which originally was going to be a cable network, and then he decided ‘we’re going put it online, move all the pay-per-views to a monthly subscription,’ we all thought he was crazy for that because pay-per-view made up half the companies revenue. He was completely changing the business model.
I remember, the stock sunk, ‘Vince McMahon is an idiot,’ people were talking about suing. Now, the company is making more money than ever. Vince is not a huge technophile, I don’t even know if he can login to his own email, but he doesn’t have to. All he has to do is see where the trends are going and he gets ahead of them, everyone thinks he’s crazy, sure enough, he’s making all the money.
That’s his true brilliance. He can figure out where entertainment, technology, and delivery is going and he ends up getting there first. It’s like he has a weird ESP about it.”
WWE continues to make record profits every quarter and that is unlikely to ever change. The company made close to $20 million in advertising-related revenue in the first three months of the year. We’ll have to see what WWE has planned next for fans.
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June 8, 2022 8:49 am
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