By Oshine Koul
Here’s a great piece of news for all the WWE fans. In the latest turn of events, WWE’s flagship program, Raw, has been taken over by the OTT giant. In a new deal with Netflix, the show will stream on the platform starting next year. If the latest reports are abuzz, then Netflix and TKO Group Holdings have come together and announced that it would be Netflix’s first step towards live sports. It is worth noting that the big move is going to be a 10-year deal and is valued at a whopping $5 billion.
Speaking about the deal, according to a report in CNBC, the OTT giant will have the option to exit the deal after five years. But they will also have an option to extend it for another 10 years. Known for its popularity worldwide, the platform will also be live-streaming Raw globally. It is being said that Netflix will also become the ‘home for all WWE shows and specials outside the US, including SmackDown and NXT, as well as WrestleMania, SummerSlam, and Royal Rumble.’
CNBC quotes TKO President and Chief Operating Officer Mark Shapiro, saying, “This is a super game changer. When you look back at the chapters of sports media history, new chapters are driven by extraordinary new paradigms. ESPN and Turner bringing NFL to cable in 1987. Rupert Murdoch bringing football to Fox in 1994. When new histories are written, Raw on Netflix will be such a chapter starter.”
Trending
“This is one of the greatest entertainment platforms in the …read more
Disclaimer : This story is auto-aggregated by a computer program and has not been created or edited by FilmyFriday. Source:: koimoi.com