Tuesday, May 21, 2024
NewsNick Khan - 'Netflix Will Have Great Success In Ad-Pricing With WWE...

Nick Khan – ‘Netflix Will Have Great Success In Ad-Pricing With WWE Deal’



WWE Monday Night RAW will be airing on Netflix starting in January 2025, and this will be the first time WWE will not air new episodes of RAW on a traditional television network.

WWE’s deal with Netflix is worth $500 million annually and will span over ten years. This represents a significant increase compared to WWE’s previous deal with NBCU, valued at approximately $250-260 million per year.

In a recent interview with Bloomberg TV, WWE President Nick Khan discussed WWE’s deal with Netflix, which he believes will benefit both companies.

Khan said, It was yet another test of someone new in the space, obviously an established streaming entity — the streaming entity, if you will — It was a good bet by us and we think a good bet by them. There is no upcharge for WrestleMania or any other premium live events. A company of our size, as great as we’d like to believe we are, we’re not going to compete with the Amazons of the world, the Netflixes of the world, the NBCUs of the world. We think [this deal will lead to more ad-pricing power]. You’ve seen what Amazon has been able to do on their ad-supported tier. Netflix is going to have great success in that space.”

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