WWE Network hits 700K subscriber mark in 5 months

WWE Network hits 700K subscriber mark in 5 months is set to make its video vault of classic matches on its video-streamed network available around the globe.

WWE has hit 700,000 subscribers since the company home to Hulk Hogan, Brock Lesnar and John Cena launched the WWE Network in February, an increase of just 33,000 since the company revealed its initial total in April.

The sports entertainment giant had hoped to reach 1 million subscribers by the end of the year.

WWE could still hit that target by next year, with international network expansion coming Aug. 12 in more than 170 countries and territories, including Hong Kong, Mexico, Spain, and Russia.

But WWE lost $14.5 million in the second quarter and will lay off seven percent of the company's staff.

WWE announced Thursday a new 10-year partnership with Rogers Communications in Canada that will launch the WWE Network as a traditional pay-TV channel in Rogers' cable systems, also starting Aug. 12.