WWE is moving their Network to the Peacock streaming service. The Network will launch on Peacock on March 18th and the company is making a ton on the deal.
The Wall Street Journal reports that WWE’s deal to move their Network and 17,000+ hours of steaming content will net the company $1 billion over the next five years.
This five-year deal confirms that the traditional WWE Network will be shut down for his new deal with Peacock. If you would like specifics about how pricing will work you can click here.
Peacock will now be the home of all new WWE pay-per-views with no additional cost associated. It will not be like the UFC’s deal with ESPN+ where fans must pay for the base subscription and then order ala carte pay-per-views.
WWE reported in the 3rd quarter of 2020 that the Network averaged 1.6 million monthly paid subscribers. The new report says that they currently have 1.1 million subscribers.
We can expect a lot more news from this situation as additional information is made known. Keep checking back with Ringside News as we monitor this on-going story.