Netflix’s Long-Term Commitment Calls for Option to Extend WWE RAW Deal by Ten Years

Additional details have emerged regarding WWE Raw’s move to Netflix, which was announced on Tuesday morning.

According to information provided in an SEC filing, this groundbreaking partnership between WWE and Netflix outlines several key points. One of those key factors is that Netflix’s long-term commitment calls for the option to extend WWE RAW deal by ten years. Below are the key points, followed by the SEC filing.

• Commencement Date: Starting from January 2025, Netflix will become the exclusive new home for WWE Raw in the United States, Canada, the United Kingdom, and Latin America. Furthermore, the agreement allows for the inclusion of additional countries and regions over time.
• Expanded Content: As part of the agreement, Netflix will also serve as the platform for all WWE shows and specials outside of the aforementioned regions. This includes WWE’s other weekly shows such as SmackDown and NXT, as well as the company’s Premium Live Events, including WrestleMania, SummerSlam, and Royal Rumble. Additionally, WWE’s documentaries, original series, and forthcoming projects will be made available on Netflix internationally beginning in 2025.
• Contract Terms: The agreement between WWE and Netflix is set for an initial 10-year term, with an aggregate rights fee exceeding $5 billion. Notably, Netflix has the option to extend the deal for an additional 10 years, and they also have the option to opt out after the initial five years.

From SEC Filing:

Item 8.01 Other Events.
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 forthc

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.oming projects will also be available on Netflix internationally beginning in 2025.

Advertising

Advertising

This partnership marks a monumental shift in how WWE content is distributed, and it represents a significant financial commitment from Netflix.

As of January 2025, wrestling fans can anticipate enjoying WWE Raw and a wide range of WWE content on Netflix in the specified regions, with the potential for even more years of collaboration between the two entertainment giants.

What are your thoughts on WWE Raw moving exclusively to Netflix in certain regions? How do you think this will impact WWE’s viewership and the wrestling industry as a whole? Let us know in the comments below.