Netflix Makes Major Foray Into Live Sports With Wrestling Deal

Streaming giant Netflix has reached a deal with TKO Group Holdings to stream WWE’s “Raw” wrestling program starting in 2025. The deal marks a significant commitment to live entertainment for Netflix, which will be streaming the weekly show as part of a long-term partnership. “Raw” currently airs on the USA Network and attracts 17.5 million unique viewers annually. Netflix stock rose in response to the news. “Raw” will initially be available in select countries, with more territories to be added later. The deal is valued at over $5 billion and includes an option for a 10-year extension.