Overview
- Netflix and Warner Bros. Discovery submitted a revised, all-cash 519-page proxy to the SEC, and the transaction has not closed.
- The filing indicates AEW rights would reside with Discovery’s Global Linear Networks unit rather than move to Netflix.
- AEW’s current WBD agreement ties weekly shows to TBS and TNT through the end of 2027 or 2028 depending on an option year, with streaming on HBO Max during that term.
- Post-contract distribution is reported as likely to transition to a forthcoming Turner Sports streaming platform, though a nonexclusive split of content remains possible.
- Industry reporting notes an unconfirmed belief that WWE/TKO secured a Netflix noncompete, which could preclude AEW from appearing on Netflix.