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WWE Takes Out Huge Line Of Credit For New Channel


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#1 Trademark

Trademark

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Posted 16 September 2011 - 09:36 AM

WWE Takes Out Huge Line Of Credit For New Channel
Credit: Wrestlezone

Quote

The Wrestling Observer is reporting that WWE has taken out $200 million line of credit with JP Morgan Chase Bank.  WWE said they would be doing this because interest rates are low right now and it would be used to help finance the new television network which is set to launch sometime in 2012. Vince McMahon stated earlier this year that the company would be willing to go into debt spending, which is something they have avoided doing in past years for any project.There was a problem loading Disqus. For more information, please visit status.disqus.com

ridiculous amount of money, also when the WWE Network does launch, i wonder if that means the end of RAW being on the USA network and SD being on Syfy, if that would be the case they better hope they can reach a deal with time warner instead of going through what the NFL Network is dealing with Time Warner, or you may end up losing a lot of viewers