Overview
- Netflix and Warner Bros. Discovery filed a 519-page proxy on Jan. 20 that revises the proposed sale to an all-cash offer.
- Reporting based on the filing indicates AEW programming rights would remain with WBD’s Global Linear Networks if the transaction closes.
- AEW’s weekly shows and premium live events are expected to continue on HBO Max for the life of the current agreement, tied to TNT/TBS through late 2027 or 2028 depending on an option year.
- After the current linear deal expires, AEW is projected to shift to Turner’s forthcoming sports streaming app, with nonexclusive scenarios described as possibilities rather than confirmed plans.
- WBD is reported to hold a sub-10% minority stake in AEW that would stay with the linear networks unit, and the proxy projects Netflix/WB to control UFC rights in Italy, Spain, Andorra, the Netherlands, San Marino and Vatican City within 12–18 months.