WWE’s risky gamble on streaming video is paying off

photo: Don Feria, AP

[T]he company on Thursday showed signs that the model is working, adding more paid online subscribers than Wall Street expected and turning a second-straight quarterly profit, if a modest one. It now makes more from Web subscribers, which reached 1.2 million during the quarter, than it ever did from pay-per-view, WWE’s chief executive Vince McMahon told investors. – Thad Moore, Washington Post