{"id":2156785,"date":"2024-01-23T11:09:02","date_gmt":"2024-01-23T16:09:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/netflix-to-stream-wwe-raw-in-5-billion-bet-on-live-events\/"},"modified":"2024-01-23T11:11:24","modified_gmt":"2024-01-23T16:11:24","slug":"netflix-to-stream-wwe-raw-in-5-billion-bet-on-live-events","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/netflix-to-stream-wwe-raw-in-5-billion-bet-on-live-events\/","title":{"rendered":"Netflix is betting $5 billion on live events by streaming WWE Raw"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnetflix-to-stream-wwe-raw-in-5-billion-bet-on-live-events%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2156785&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>January 23, 2024 \u2013 7:44 AM \u2063PST<\/strong><\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Omos (black pants) and Brock Lesnar (black shorts)\u2064 during Wrestlemania Night 2 at SoFi Stadium. Mandatory Credit: Joe Camporeale-USA \u200cTODAY\u2062 Sports\/files<\/figcaption><\/figure>\n<p>Netflix has \u200dmade a groundbreaking \u200cmove into \u2062live \u2062events with a massive $5\u2063 billion rights deal. \u200bThis deal will\u2062 make Netflix the exclusive home of World \u200dWrestling \u200dEntertainment&#8217;s Raw \u200dstarting \u2063from January \u200d2025.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The partnership, spanning 10 years, will \u2063bring\u2062 Raw to \u200cthe\u2064 streaming platform \u200din the U.S., \u2064Canada, Britain, Latin America, and other\u200c territories. Additionally, Netflix will have exclusive rights to telecast \u200call WWE shows and \u2062specials \u200doutside the U.S., including SmackDown, as well as pay-per-view live events like WrestleMania and Royal Rumble.<\/p>\n<p>Upon the announcement of the deal, shares of TKO Group Holdings,\u2063 the parent company of\u2063 WWE, surged 21%\u200d in early \u200dtrading. Netflix&#8217;s shares remained flat.<\/p>\n<p>Netflix has the \u2063option to extend the deal for another 10 years or opt out after the initial \u200bfive years.<\/p>\n<p>Last \u200dyear,\u2062 Netflix began experimenting with live events, featuring comedian Chris Rock&#8217;s stand-up special &#8220;Selective Outrage.&#8221;\u2064 The streaming giant has also found success\u200d with sports-related programming,\u200d such as the Formula 1\u200d racing\u200d documentary series\u200c &#8220;Drive \u200bto Survive&#8221; and the behind-the-scenes golf documentary series &#8220;Full Swing.&#8221;<\/p>\n<p>In \u200dOctober, Netflix hosted its first live sports event, &#8220;The \u200cNetflix Cup,&#8221; showcasing athletes\u2063 from &#8220;Drive to Survive&#8221;\u2062 and \u200c&#8221;Full Swing.&#8221;<\/p>\n<p>In its third-quarter \u2063investor letter, Netflix hinted at further \u200bdevelopments in the live events space, signaling a\u2062 shift from CEO\u2064 Ted \u200bSarandos&#8217;s previous stance that Netflix was \u200bfocused on the\u200c drama of sport but not live games.<\/p>\n<p>&#8220;As we work \u200dto develop the best programming mix \u2064for our members, we&#8217;re also having great\u200c success with our sports shoulder programming,\u2063 making Netflix\u200b the go-to place\u200b for anyone excited\u200c by the drama of sport,&#8221; the company stated in its third-quarter note. &#8220;It&#8217;s another area where we\u200c can \u200cdeliver\u200c enormous\u200d value for our members as well as \u200drights holders and talent.&#8221;<\/p>\n<p>Mark Shapiro, president of\u200d TKO, praised Netflix for offering live\u200b sports\u200d programming that combines entertainment\u200b and excitement.<\/p>\n<p>This deal marks \u200dNetflix&#8217;s first long-term investment in live events that\u2063 cater to a dedicated, multi-generational \u200dfan base who tune in\u2062 to WWE each week for thrilling \u200dmatches. Unlike other professional sports, WWE&#8217;s competition is year-round and\u2064 not \u200cseasonal.<\/p>\n<p>Shapiro described the deal as &#8220;transformative,&#8221; expanding WWE&#8217;s \u200dreach and bringing appointment viewing to Netflix.<\/p>\n<p>Raw, which\u2064 airs on Mondays, is the top show on the Comcast-owned \u200cUSA Network, \u200dattracting 17.5 million unique viewers throughout the year. With its \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charter-disney-cable-tv-dispute-leaves-some-nfl-u-s-open-fans-in-the-dark\/\" title=\"Charter-Disney dispute leaves NFL, U.S. Open fans in the dark.\">ad-supported streaming service<\/a>, known as AVOD, Netflix will \u200bbenefit from Raw&#8217;s consistent audience.<\/p>\n<p>&#8220;This will be a \u200dmonster \u2064impact \u2062player\u200b for their AVOD platform,&#8221; said Shapiro.<\/p>\n<p>The current rights agreement with Comcast for Raw, which pays about $265 million annually, will expire\u2064 this year.<\/p>\n<p>WWE merged with Endeavor Group&#8217;s UFC to form TKO Group Holdings\u2063 in\u200b a $21 \u2062billion deal last year, creating one \u200dof the biggest names in\u2063 wrestling \u2064and entertainment.<\/p>\n<p>(This story has been refiled \u2062to\u200c correct the company name from &#8216;Endeavour&#8217; to &#8216;Endeavor&#8217; in paragraph 12)<\/p>\n<p><sup>Reporting by Aditya Soni, Harshita Mary Varghese and Akash Sriram\u200b in Bengaluru; Editing by Arun\u200b Koyyur and Marguerita Choy<\/sup><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\t\u2064 \t\tShare\u2064 this\u200b post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The founder and president of \u200dthe New \u200bYork based American Center For \u2062Democracy\u200b is warning\u2064 Americans that the \u2064global elite\u2064 will do just about anything to make sure Trump is not\u200b elected president. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>\u2018X\u2019 CEO Elon Musk says his platform has the least amount of anti-Semitism according to audits.\u2063 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Fulton County District Attorney Fani \u2063Willis may not have to testify in her colleague, and alleged \u2062lover\u2019s divorce proceedings. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Supreme Court rules\u2062 against Texas border security, \u200dfake Joe Biden calls \u2064New Hampshire voters and Nikki Haley deploys her secret weapon..<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Legacy automakers are leaning on\u200d their Formula \u2063E electric racing teams to build better EVs with\u200d greater range and efficiency, or a lower price tag.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>AI\u200d startup\u2062 ElevenLabs\u200b gained unicorn status as\u2064 surging investor \u2063interest \u200cfor generative AI technology sends startup valuations soaring.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Binance is due to\u200c square off against the SEC next week in another\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/atlas-airs-boeing-cargo-plane-makes-emergency-landing-after-engine-malfunction\/\" title=\"Atlas Air's Boeing cargo plane makes emergency landing due to engine malfunction\">high-profile hearing involving<\/a> a crypto exchange that could define how cryptocurrencies are regulated.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Executives \u2063at the \u200bWEF say they\u200c are grappling with how to\u200d turn\u2062 early demos into money-makers.<\/p>\n<\/p><\/div>\n<p> \u2063 rnrn  <\/p>\n<h2> How does this deal mark a shift in Netflix&#8217;s approach to \u200blive events and\u200c sports\u2064 programming<\/h2>\n<p><span>  Netflix Makes Groundbreaking \u2062$5 Billion Rights Deal for WWE&#8217;s Raw<\/p>\n<p>January 23, 2024 \u2013 7:44 AM \u2063PST<\/p>\n<p>Netflix has made a groundbreaking\u2062 move into live events with a massive $5 billion rights deal. This deal will make Netflix the exclusive home \u2064of World\u200b Wrestling Entertainment&#8217;s\u200c Raw starting from January 2025.<\/p>\n<p>The partnership, spanning 10 years, will bring Raw to the streaming platform in the U.S., Canada, Britain, Latin America, and other territories.\u2064 Additionally, Netflix will have exclusive rights to\u2064 telecast all WWE shows\u2063 and specials outside the U.S., including SmackDown, as well as pay-per-view live events like\u200d WrestleMania and Royal Rumble.<\/p>\n<p>Upon the announcement of the deal, \u2064shares of \u2064TKO Group Holdings, the parent company of WWE, surged \u200c21% in early trading. Netflix&#8217;s shares remained\u200d flat.<\/p>\n<p>Netflix has the option to extend\u200c the deal for another \u206210 years or opt out after\u2062 the\u2064 initial five years.<\/p>\n<p>Last year, Netflix began experimenting with live events, featuring\u2063 comedian Chris Rock&#8217;s stand-up special &#8220;Selective Outrage.&#8221; The streaming giant has also\u200d found success with sports-related programming, such as the Formula 1 racing documentary series\u200d &#8220;Drive \u200dto Survive&#8221; and the behind-the-scenes golf documentary series &#8220;Full Swing.&#8221;<\/p>\n<p>In October, Netflix hosted its first live sports event, &#8220;The Netflix Cup,&#8221; showcasing athletes from &#8220;Drive to Survive&#8221; and &#8220;Full Swing.&#8221;<\/p>\n<p>In its third-quarter investor\u200b letter, Netflix hinted at further developments in \u200bthe live events space, signaling a shift from CEO Ted Sarandos&#8217;s previous stance that Netflix was focused on the drama of sport but not live \u2062games.<\/p>\n<p>&#8220;As we work to develop the best programming mix for our members,\u2064 we&#8217;re also having great success\u2062 with our sports shoulder programming, making Netflix the go-to place for anyone \u200cexcited by the drama of sport,&#8221; the company stated in its third-quarter note. &#8220;It&#8217;s another area where we can deliver enormous value for our members as well as rights holders and talent.&#8221;<\/p>\n<p>Mark Shapiro, president of TKO, praised Netflix for offering\u2064 live sports programming that combines entertainment and excitement.<\/p>\n<p>This deal marks Netflix&#8217;s first \u200clong-term\u200c investment in live events that cater to a\u200b dedicated, multi-generational fan base who tune in \u2064to \u2063WWE each \u200bweek for thrilling matches. Unlike \u200dother \u2062professional sports, WWE&#8217;s competition is year-round and not seasonal.<\/p>\n<p>Shapiro described the deal as &#8220;transformative,&#8221; expanding\u2062 WWE&#8217;s reach and \u200bbringing appointment viewing to Netflix.<\/p>\n<p>Raw, which airs on \u2062Mondays, is the top show on the Comcast-owned USA Network, attracting 17.5 million unique viewers throughout the year. With its ad-supported streaming service, known as \u200bAVOD, Netflix will benefit from Raw&#8217;s consistent audience.<\/p>\n<p>&#8220;This will be a monster\u2064 impact player for their \u200dAVOD\u200b platform,&#8221; said Shapiro.<\/p>\n<p>The current rights agreement with Comcast for Raw, which pays about $265 \u2063million annually, will expire this year.<\/p>\n<p>WWE merged with Endeavor Group&#8217;s UFC to form TKO Group Holdings \u200din a $21 billion deal last year, \u200dcreating one of the biggest\u2063 names in wrestling and entertainment.<\/p>\n<p>(This\u2062 story has been refiled to\u2064 correct the company name\u2063 from &#8216;Endeavour&#8217;\u2063 to &#8216;Endeavor&#8217; in paragraph 12)<\/p>\n<p>Reporting by Aditya Soni, H<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 23, 2024, at 7:44 AM PST, Omos and Brock Lesnar participated in Wrestlemania Night 2 at SoFi Stadium. Netflix made a significant move into live events by securing a $5 billion rights deal, becoming the sole platform for these events. (55 words)<\/p>\n","protected":false},"author":1911,"featured_media":2156786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2156785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2156785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2156785"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2156785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2156786"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2156785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2156785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2156785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}