WWE Raw Media Rights Negotiations Ongoing, Rejected By Huge Potential Partner

Nick Khan WWE

A deal to secure the future of WWE Raw is almost complete.

Despite the returns of CM Punk and Randy Orton, Triple H missed Raw on November 27th, instead heading to Los Angeles with Nick Khan to close a new rights deal for the red brand. Following WWE’s merger with UFC and the completion of a new deal for SmackDown, the negotiations have taken on a huge significance.

Monday Night Raw is considered the company’s flagship show having first broadcast back in January 1993.

Writing in the Wrestling Observer Newsletter, Dave Meltzer noted that while WWE was hoping to make $400 million from the new contract, they’ll have to settle for $387 million.

“Paul Levesque was not at Raw this week because he and Nick Khan were in Los Angeles trying to finalize the new Raw television deal. The were hoping for $400 million but analysts believe it’ll be closer to $387 million per year.”

With regard to talks with Warner Bros. Discovery — the home of AEW, Meltzer revealed Nick Khan approached the conglomerate back in October but was rejected. Warner never took the offer seriously due to their ties with AEW, and WWE felt a potential deal was a long shot for the same reason.

“Regarding WBD which would be the game changer in many ways if it happened, the WBD version told to many this past week is that Nick Khan last went to WBD in October with a pitch and was turned down.”

WWE Agrees New Deals For SmackDown And NXT

On November 7th it was announced that NXT will be leaving the USA Network in October 2024. The new five-year agreement will see WWE’s third brand move to the CW Network in a deal said to be worth well over $30 million.

That news came after it was confirmed that WWE SmackDown would be leaving FOX and heading to the USA Network in October 2024 in a deal worth around $1.4 billion.