 Hey guys, it's Casey with The Verge. So one of the most interesting things we've seen at CES this week is the announcement of the WWE Network. It's a way to get 12 monthly pay-per-views plus original programming plus a library of everything WWE has ever released all for $9.99 a month. But at the same time, WWE will be giving up a huge chunk of that revenue they used to make on pay-per-views. It's a gamble. The company says they're going to make it up by creating a huge subscriber base, but it might not work out. We talked to WWE's Perkins Miller about what the move means for wrestling fans and what it could mean for the cable industry at large. I think the way we look at it is we have an incredibly rich history. We've got this archive that's 100,000 hours of programming, 52 weeks of live programming a year. We have a live pay-per-view business and we have our incredibly engaged fans. Our fans just live and breathe and love the WWE. So for us, it was a really easy step to take. And I think you look out there in the market and the path that's been paved by Netflix, by Hulu Plus, people are using these devices in order to consume media like they never have before. I think you're going to see a lot more brands potentially like ours be able to make this decision. We're hopefully ahead of the curve and we'll continue to stay there for a little while. It's only because of the success of services like Netflix and Hulu, which prove that millions of people are willing to cut the cable cord if you give them access to a large number of TV shows and movies at a fraction of the cost. In the short term, WWE is likely giving up millions in revenue. But if the network works, it could have implications that go far beyond the world of professional wrestling. We're all waiting for the day that we can buy channels like HBO and Showtime a la carte over the internet. If WWE network works, that day could come a lot closer. But if it doesn't, WWE's lucrative pay-per-view network could be going down for the count.
 Hey guys, it's Casey with The Verge.
 So one of the most interesting things we've seen at CES this week is the announcement
 of the WWE Network.
 It's a way to get 12 monthly pay-per-views plus original programming plus a library of
 everything WWE has ever released all for $9.99 a month.
 But at the same time, WWE will be giving up a huge chunk of that revenue they used to
 make on pay-per-views.
 It's a gamble.
 The company says they're going to make it up by creating a huge subscriber base, but
 it might not work out.
 We talked to WWE's Perkins Miller about what the move means for wrestling fans and what
 it could mean for the cable industry at large.
 I think the way we look at it is we have an incredibly rich history.
 We've got this archive that's 100,000 hours of programming, 52 weeks of live programming
 a year.
 We have a live pay-per-view business and we have our incredibly engaged fans.
 Our fans just live and breathe and love the WWE.
 So for us, it was a really easy step to take.
 And I think you look out there in the market and the path that's been paved by Netflix,
 by Hulu Plus, people are using these devices in order to consume media like they never
 have before.
 I think you're going to see a lot more brands potentially like ours be able to make this
 decision.
 We're hopefully ahead of the curve and we'll continue to stay there for a little while.
 It's only because of the success of services like Netflix and Hulu, which prove that millions
 of people are willing to cut the cable cord if you give them access to a large number
 of TV shows and movies at a fraction of the cost.
 In the short term, WWE is likely giving up millions in revenue.
 But if the network works, it could have implications that go far beyond the world of professional
 wrestling.
 We're all waiting for the day that we can buy channels like HBO and Showtime a la carte
 over the internet.
 If WWE network works, that day could come a lot closer.
 But if it doesn't, WWE's lucrative pay-per-view network could be going down for the count.