On the other hand, with the increasing popularity of WWE and growing revenues from cable television, Vincent’s wrestlers are quickly persuaded by the attractive salary and the ability to float. the sound is “as fast as the wind”.
This tactic puts an end to many different organizations. The first is WWA with the departure of Gorilla Monsoon and Pedro Morales. Then AWA after Larry Hennig, Vachons, Blackjacks and “superstars” Hulk Hogan all turned to WWE.
NWA is one of the few organizations that can compete with WWE, but also soon fails in the 1990s. Vincent also bought out ECW and is trying to “finish” TNA, proceeding to monopolize the wrestling industry. America.
The stars in WWE’s Hall of Fame
It can be said that cable TV partners have contributed to a “dead end” of most of WWE’s competitors in the market. In particular, the exclusive contract of “Raw” and “Smackdown” with NBC Universal partner, brought a huge amount of revenue for WWE to continuously draw “superstars”.
In addition, Wrestlemania and Summerslam quickly became a major source of revenue for the US pay-TV model. But Vincent McMahon had a different plan, the fact that WWE became a force of the United States but had to “share” the profits and depend on cable television that made him unhappy.
When the business was rated by outsiders as “impossible to be more perfect,” WWE suddenly launched its own broadcast for $ 9.99 per month, despite being collaborating very effectively with the transmission. cable shape.
WWE and its trusted partner NBC Universal
NBC Universal stated that WWE is deliberately “ruining” its existing relationship, immediately demanding a reduction in its partners’ rights and issuing a new contract with a lower amount.
WWE shares fell 44% in a single day because no one dared to cope with such cable before. But Vincent and The WWE team only sees it as an obstacle on the way of development.