Major Backstage Update On WWE’s Network Plans

Partial Source: The Wrestling Observer Newsletter

There is said to be no complete direction in place for the new WWE Network that debuts next year. Ideas have been tossed around about doing TV series and reality shows with the WWE talents. The backbone of the network will be WWE’s massive tape library and the WWE Studios films. Vince McMahon made an internal decree six weeks ago to get a move on everything as they want the network up and running by the end of 2012.

As noted earlier, WWE has taken out a $200 million line of credit with JP Morgan Chase Bank. Vince McMahon stated earlier this year that WWE would be willing to go into debt spending, something they have avoided doing. WWE said they would be doing this because interest rates are low right now and it would be used to help finance the new television network.

On a side note, I will be taking the train down to New York City tomorrow (Saturday) to cover the ROH i-PPV. If you’re interested in meeting up for drinks on us before the event around 5:00EST when my train arrives, please email me ASAP at Webmaster@ProWrestlingScoops.com and we’ll set up the details.

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