WWE Signs $5 Billion Deal with Netflix, Dwayne 'The Rock' Johnson Joins TKO Board

In a major shift for sports streaming, WWE's 'Raw' will move to Netflix in 2025, marking the platform's first significant venture into live events.

WWE has signed a 10-year, $5 billion deal with Netflix to stream 'Raw' in the US, Canada, the UK, and Latin America starting in 2025. This marks Netflix's first major foray into live events.
Netflix will also be the home for all WWE programming outside the US, including 'SmackDown', 'NXT', and live events like WrestleMania, SummerSlam, and Royal Rumble.
WWE has also signed a deal with Peacock, granting it exclusive rights to all of its wrestling catalog in the US. The specifics of this deal have not been publicly disclosed, but it is rumored to be valued at over $1 billion.
Dwayne 'The Rock' Johnson has been named to the TKO board of directors and has gained full ownership of 'The Rock' name, entering into a new services and licensing agreement with WWE.
The shift to Netflix is a potential game-changer for both WWE and the future of sports and live events on streaming platforms.