Diondon
Thanks to the lawyers uh, I marbled the foyer
Netflix to stream WWE's Raw starting next year in its biggest jump into live entertainment
Netflix adds WWE Raw after making only a few forays into live programming in its history.
www.cnbc.com
Netflix and TKO Group Holdings said Tuesday that the streaming platform will air WWE's flagship program "Raw" starting next year, in Netflix's first major foray into live sports.
The 10-year deal is valued at more than $5 billion, according to a company filing. Netflix will have the option to exit the deal after five years and to extend it for another decade. The streaming platform will be able to stream "Raw" globally, and will start the agreement with exclusive rights to it in the U.S., Canada, U.K. and Latin America. Netflix will also become the home for all WWE shows and specials outside the U.S., including "SmackDown" and "NXT" as well as "WrestleMania," "SummerSlam" and "Royal Rumble."
Subscription services are a black hole desperate for content