Kane Thought Vince McMahon Was 'Crazy' For Putting PPVs On The WWE Network
A bold move which paid off
Kane has admitted he and most of the locker room thought Vince McMahon was 'crazy' for making every single WWE pay-per-view available on the WWE Network.
Prior to the Network's launch in 2014, WWE got around half of their revenue from pay-per-view sales, but WWE Chairman McMahon decided to make each event available as part of the monthly subscription fee to the WWE Network.
Kane believed such a move would financially impact WWE negatively but was happy to be proven wrong, with the Network providing more revenue than ever for WWE.
Speaking on The Doug Collins Podcast, Kane said: "I think Vince’s real genius, when it comes to his entrepreneurship, was determining where entertainment technology was going and getting to the cutting edge.
"When he launched the WWE Network, we all thought he was crazy. You have a subscription-based network, wonderful. But he moved all of the PPVs over to the Network and we were getting $50 a pop or whatever it was for PPVs. When you go into subscription base, and you get all the PPVs $9.99 a month, so you get them for free, or not for free, but you know, that includes the PPVs. So, the PPVs at the time, were about 50% of the company’s revenue was coming off of the PPV. So you eliminate that whole revenue stream and move it to a different platform.
"Who in their right mind would do that? That is exactly what he did, I thought he was crazy.
"What I thought he should do is, you keep the major PPVs like WrestleMania, Royal Rumble, SummerSlam, and Survivor Series. You keep those on your PPV platforms and you move everything else. Because those were the big revenue generators anyway. But that’s not how he saw it, and I was wrong.
"Now you look at the Network and the revenue is bigger than it ever has been. They’ve now exceeded on the Network the revenue that’s coming off the PPV. He’s not afraid to take risks."