More On WrestleMania 29 Price Increase & Why It Will Be A Very Profitable Show For WWE
Earlier this week, DirecTV announced that WrestleMania will be seeing a price increase this year, with the HD feed selling for $69.99 and the SD version going for $59.99. Both are $5 increases from last year. The cost of ordering the show is certainly high, but it’s on par with the price of a Floyd Meathweather PPV boxing fight, so WWE is not overly concerned that it will hurt the number of buys.
As PWMania.com previously reported, based on annual trends of repeat viewership numbers and the continued trend of viewers shifting to the HD broadcasts, it’s projected that WWE will see an additional $900,000 profit for WrestleMania 29 from the price increase alone. Even if WrestleMania does not draw as many buys as last year, it could still shatter the company’s all-time pay-per-view revenue records.
With a sellout crowd at the MetLife Stadium in East Rutherford, NJ, WrestleMania 29 is poised to be the second-largest WrestleMania crowd in WWE history (behind WrestleMania 3 at the Pontiac Silverdome) and has already grossed over $11 million for the company.
(Partial Source: Wrestling Observer Newsletter)