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Report: Possible updates on format, pricing of WWE Network

On the latest episode of Chair Shot Reality, Justin Labar reported some potential details as to what will be the WWE Network.

According to his sources, whom he said are within WWE, the network will indeed launch Feb. 24, confirming a report from back in October.

Labar's sources also told him that the network would not be listed as a conventional channel like NFL Network or NBA TV.

The network is expected to be a web-based subscription service similar to Netflix where potential subscribers could access the network on a computer, laptop, smart phone, smart television or tablet.

The network is not expected to be merely an on-demand service, however. There will be a live stream of content on the channel.

The initial on-demand lineup is expected to be every episode of Raw, Smackdown and every single WWE pay-per-view ever.

The price of the subscription is expected to start between $10-12, but the WWE will try to convince people to subscribe for six months with the caveat that you will receive WrestleMania 30 along with that.

Moving forward, every pay-per-view is expected to be moved to the network with the exception of future WrestleManias.

PWInsider received a statement from WWE regarding the network, which said the following: "In addition to not being able to confirm timing of WWE Network launch, WWE is still considering all options for distribution, pricing and role of pay-per-view."

[Video courtesy of Shot Reality]