Comcast To Launch WWE 24/7 OnDemand, SVOD Service Nationwide
World Wrestling Entertainment and Comcast (Nasdaq: CMCSA, CMCSK), the nation's leading provider of cable, entertainment and communications products and services, today announced that they will launch WWE's subscription video on demand service, WWE 24/7 OnDemand, this summer. The new SVOD service will be available to nearly 10 million Comcast digital cable customers with video on demand across the country.
This strategic agreement paves the way for WWE 24/7 OnDemand to be available to millions of WWE fans nationwide, and establishes this service at the forefront of digital television products in the subscription and VOD categories. Comcast's footprint adds coverage in 22 of the top 25 U.S. markets, including several areas where WWE pay-per-view and live events have historically performed extremely well.
"With this agreement, WWE 24/7 OnDemand is now firmly established in the on-demand platform across the United States," said Peter Clifford, Vice President, WWE® Distribution and Affiliate Marketing. "We're excited to be a part of the Comcast ON DEMAND line-up, and look forward to some incredible marketing and promotional opportunities for our fans in Comcast markets throughout the next several months."
"WWE 24/7 is perfect for SVOD because it's non-linear content that you can't find anywhere else, it has an incredibly dedicated fan base, and the WWE has proven expertise in delivering a targeted marketing message to these fans," said Matt Strauss, Vice President of Content Acquisitions for Comcast. "We are very excited to be teaming up with WWE and adding this great new content to the thousands of on-demand programs we offer our customers every month."
WWE 24/7 On Demand delivers all the best wrestling - all day, every day - from the world's largest professional wrestling video library. Favorite superstars of yesterday and today -- like Bruno Sammartino, Andre the Giant, The Rock and Triple H -- are all available on demand as well as:
In addition to Comcast, WWE 24/7 On Demand is distributed by Cox Communications, Insight, Rogers Communications and RCN. WWE also recently announced that WrestleMania 23 will be held in Detroit, Mich., on April 1, 2007, one of Comcast's key markets.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (http://www.comcast.com) is the nation's leading provider of cable, entertainment and communications products and services. With 21.4 million cable customers, 9.0 million high-speed Internet customers, and 1.5 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
The Company's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, OLN, G4, AZN Television, PBS KIDS Sprout, TV One and four regional Comcast SportsNets. The Company also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia. Comcast Class A common stock and Class A Special common stock trade on The NASDAQ Stock Market under the symbols CMCSA and CMCSK, respectively.
World Wrestling Entertainment, Inc. (NYSE: WWE) is an integrated media and entertainment company headquartered in Stamford, Conn., with offices in New York City, Los Angeles, Toronto and London. Additional information on the company can be found at wwe.com and corporate.wwe.com. WWE 24/7 is a subscription video on demand service being made available through Cable, Telephony and Satellite television providers, and leveraging WWE's 75,000-hour library, the largest of its kind in the world, featuring the leading wrestling and other sports entertainment brands and programming.
Trademarks: The names of all World Wrestling Entertainment televised and live programming, talent names, images, likenesses, slogans and wrestling moves and all World Wrestling Entertainment logos are trademarks which are the exclusive property of World Wrestling Entertainment, Inc. All other trademarks are the property of their respective owners.
Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include the conditions of the markets for live events, broadcast television, cable television, pay-per-view, Internet, entertainment, professional sports, and licensed merchandise; acceptance of the Company's brands, media and merchandise within those markets; uncertainties relating to litigation; risks associated with producing live events both domestically and internationally; uncertainties associated with international markets; risks relating to maintaining and renewing key agreements, including television distribution agreements; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition to these risks and uncertainties, our dividend is based on a number of factors, including our liquidity and historical and projected cash flow, strategic plan, our financial results and condition, contractual and legal restrictions on the payment of dividends and such other factors as our board of directors may consider relevant.