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WWE'S NETFLIX DEAL WORTH $5 BILLION, LENGTH OF DEAL REVEALED

TKO Group issued a SEC filing this morning in regard to the WWE Netflix deal, revealing the deal is ten years in length, with Netflix having the ability to opt out five years in (which would be January 2031) and that the streaming platform also has the rights to renew for an additional ten years.

The TKO filing notes, "The agreement has an initial 10-year term for an aggregate rights fee in excess of $5 billion."

The complete statement from the SEC filing reads as follows:

On January 23, 2024, the Company announced a partnership between WWE and Netflix. Beginning in January 2025, Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America, among other territories, with additional countries and regions to be added over time. Likewise, as part of the agreement, Netflix will also become the home for all WWE shows and specials outside the U.S., as available, inclusive of Raw and WWE’s other weekly shows – SmackDown and NXT – as well as the company’s Premium Live Events, including WrestleMania, SummerSlam and Royal Rumble. WWE’s documentaries, original series and forthcoming projects will also be available on Netflix internationally beginning in 2025. The agreement has an initial 10-year term for an aggregate rights fee in excess of $5 billion with an option for Netflix (x) to extend for an additional 10 years and (y) to opt out after the initial five years.

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