– It was reported back in August that WWE was part of an investor group for the subscription-based sports media company FloSports. Following the launch of the FloSlam subscription service, the FloSlam Twitter account confirmed that news…

FloSlam @FloSlam
WWE is an investor and was aware of yesterday's news. Beyond that, I can't really answer as it's above my pay grade. https://twitter.com/grapsed/status/791038278724124672 …
6:10 PM - 25 Oct 2016

While WWE is an investor, Dave Meltzer reports that FloSlam is running independently of the WWE. WWE is described as a silent partner, similar to Flash Entertainment out of Abu Dhabi, who bought into the UFC back in 2010.

Meltzer also says that Pro Wrestling Guerrilla turned the service down flat without any discussions, which is also what they did with FITE TV. PWG’s main issue is that they use a lot of talent that are contracted elsewhere (ROH, TNA, NJPW, Lucha Underground), and if they ran iPPV events, they would lose access to a lot of those talents.

FloSports has locked up the WWE Live shows (Evolve, SHINE, FIP, WrestleMania weekend events); they have been in talks with other independent groups and more announcements are expected soon.