<p>Netflix reached a multibillion-dollar, 10-year deal for exclusive rights to WWE's flagship weekly wrestling show <em>Raw</em>, as the streaming giant broadens its offerings with more live content.</p>.<p>The deal will bring <em>Raw</em> to Netflix starting in January 2025, Netflix and TKO Group, WWE's parent company, said in a statement. Netflix will also own the rights to stream WWE's other shows and specials outside of the United States.</p>.<p>The agreement will cost Netflix more than $5 billion and will last for 10 years, with an option to extend an additional 10 years or opt out after five, TKO Group said in a regulatory filing.</p>.Gerwig, Robbie, DiCaprio snubbed in Oscar nominations.<p>"By combining our reach, recommendations, and fandom with <em>WWE</em>, we'll be able to deliver more joy and value for their audiences and our members," Netflix's chief content officer, Bela Bajaria, said in a statement.</p>.<p><em>Raw</em> which started the careers of stars such as <em>Stone Cold</em> Steve Austin, John Cena and Dwayne <em>The Rock</em> Johnson, has appeared on linear television since its debut in 1993. It now airs on the USA Network, where it draws 17.5 million unique viewers a year, according to <em>WWE</em>.</p>.<p>TKO, which is controlled by Hollywood power broker Ari Emanuel's Endeavor and was created by the merger of WWE and Ultimate Fighting Championship last year, said in a separate statement that Johnson would join its board. TKO's shares jumped about 17 per cent Tuesday; Netflix shares were up slightly.</p>.<p>With the <em>WWE</em> deal, Netflix, which has 247 million subscribers, greatly expands its stable of live programming, which also includes the reality show <em>Love Is Blind</em>. The company has recently focused on sports documentaries over live sports, but adding <em>Raw</em> to its lineup brings it in closer competition with rivals such as Peacock, which has made live sporting events a backbone of its service and recently streamed an NFL playoff game.</p>.<p>The announcement came a day after Netflix said Scott Stuber, the company's film chair who lured filmmakers such as Rian Johnson, Zack Snyder and Greta Gerwig to the streaming service, would depart in March.</p>.<p>Netflix will report its quarterly earnings Tuesday afternoon.</p>.<p>This article originally appeared in <em>The New York Times.</em></p>
<p>Netflix reached a multibillion-dollar, 10-year deal for exclusive rights to WWE's flagship weekly wrestling show <em>Raw</em>, as the streaming giant broadens its offerings with more live content.</p>.<p>The deal will bring <em>Raw</em> to Netflix starting in January 2025, Netflix and TKO Group, WWE's parent company, said in a statement. Netflix will also own the rights to stream WWE's other shows and specials outside of the United States.</p>.<p>The agreement will cost Netflix more than $5 billion and will last for 10 years, with an option to extend an additional 10 years or opt out after five, TKO Group said in a regulatory filing.</p>.Gerwig, Robbie, DiCaprio snubbed in Oscar nominations.<p>"By combining our reach, recommendations, and fandom with <em>WWE</em>, we'll be able to deliver more joy and value for their audiences and our members," Netflix's chief content officer, Bela Bajaria, said in a statement.</p>.<p><em>Raw</em> which started the careers of stars such as <em>Stone Cold</em> Steve Austin, John Cena and Dwayne <em>The Rock</em> Johnson, has appeared on linear television since its debut in 1993. It now airs on the USA Network, where it draws 17.5 million unique viewers a year, according to <em>WWE</em>.</p>.<p>TKO, which is controlled by Hollywood power broker Ari Emanuel's Endeavor and was created by the merger of WWE and Ultimate Fighting Championship last year, said in a separate statement that Johnson would join its board. TKO's shares jumped about 17 per cent Tuesday; Netflix shares were up slightly.</p>.<p>With the <em>WWE</em> deal, Netflix, which has 247 million subscribers, greatly expands its stable of live programming, which also includes the reality show <em>Love Is Blind</em>. The company has recently focused on sports documentaries over live sports, but adding <em>Raw</em> to its lineup brings it in closer competition with rivals such as Peacock, which has made live sporting events a backbone of its service and recently streamed an NFL playoff game.</p>.<p>The announcement came a day after Netflix said Scott Stuber, the company's film chair who lured filmmakers such as Rian Johnson, Zack Snyder and Greta Gerwig to the streaming service, would depart in March.</p>.<p>Netflix will report its quarterly earnings Tuesday afternoon.</p>.<p>This article originally appeared in <em>The New York Times.</em></p>