WWE'S 'RAW' IS MOVING TO NETFLIX NEXT YEAR IN A MAJOR STREAMING DEAL WORTH MORE THAN $5 BILLION

WWE’s weekly television show “Raw” will move to Netflix next year as part of a major streaming deal worth more than $5 billion.

- 

TKO Group Holdings Inc., which houses WWE and UFC, said in a regulatory filing on Tuesday that the agreement is for 10 years, with Netflix having an option to extend the deal for an additional 10 years. There’s also an opt out available to Netflix after the initial five years.

“Raw,” which debuted in 1993, has produced 1,600 episodes to date and features wrestlers such as Cody Rhodes, Becky Lynch, Seth Rollins and Rhea Ripley. The three-hour program currently airs on USA Network and its media rights were considered a hot commodity over the past several months, particularly after the WWE return of CM Punk in November, with many speculating it could land at any number of networks or streaming platforms.

“We are excited to have WWE Raw, with its huge and passionate multigenerational fan base, on Netflix,” Chief Content Officer Bela Bajaria said in a prepared statement.