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Technology

Malcolm McMillan

Netflix just made a $5 billion bet on live sports with WWE — here’s what we know

Netflix WWE United States TKO Group Holdings NFL

Netflix.

Netflix has flirted with live sports for a while now, but it just officially committed to making live sports a major part of its core offering.

In a deal announced today, TKO Group Holdings will bring its iconic “WWE Raw” program to the popular streaming service (h/t CNBC). The popular live wrestling TV show will be on Netflix for 10 years starting in 2025, in a deal reportedly valued at five billion dollars (that’s billion — with a “b”!)

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