It’s never an easy decision for a successful company’s management to commit to a change in strategy to keep pace with the times. However, World Wrestling Entertainment, Inc. ’s pivot from a pay-per-view (PPV) model to a subscription-based model has been a huge success, according to Citi analyst Jason Bazinet. In a new research note, Bazinet says WWE still has some work ahead to replace all its lost revenue with WWE Network subscription revenue, but the subscription model provides a unique opportunity for long-term growth.“Three years ago, WWE made a smart strategic pivot by migrating from a pay-per-view model to a web-based subscription model,” Bazinet explains.Read more