WWE has been in talks with several companies in recent months as it seeks a new home for Monday Night Raw and now it’s found one.
Now all those questions have been answered as WWE announced a massive deal with Netflix to be the new home for the company’s flagship show. In addition, outside of the US, Netflix will be the home for all WWE programming including premium live events which could mean an end to the WWE Network as we know it.
WWE Deal With Netflix Worth $500 Million Per Year
The deal with Netflix will begin in January 2025 and CNBC has reported that it is a ten-year deal worth a whopping $5 billion.
It is noted in the report that the deal now brings WWE programming to over 250 million subscribers worldwide. In further good news for the TKO Group, the company’s stock jumped 10% in premarket trading following the announcement.
In a huge day for WWE and TKO, the company has also announced that The Rock has been appointed to TKO’s Board of Directors.