WWE’s $5 Billion Deal With Netflix vs Peacock Deal: The Difference Will Leave You Speechless

WWE will enter the world of streaming through Netflix and Peacock.

WWE’s $5 Billion Deal With Netflix vs Peacock Deal: The Difference Will Leave You Speechless

SUMMARY

  • WWE has been providing a level of entertainment that is rare to remake. The company has managed to gain one of the biggest fandoms in the world.
  • It has been reported that the WWE Network, which has been both iconic and highly profitable, will begin streaming on two separate platforms.
  • It was recently revealed that this organization has signed a $5 billion deal with Netflix for the streaming of Raw, and also one with Peacock which allows it to have exclusive rights to all of its wrestling catalog in the US. 
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WWE has been a very important connection between Hollywood and sports. Providing a level of entertainment that is rare to remake, the company has managed to gain one of the biggest fandoms in the world. Fans grow up watching and idolizing, not only the concept of this competition but also the wrestlers who partake in it, making up a huge percentage of the audiences of actors like Dwayne Johnson, John Cena, and Dave Batista. It is not a surprise that the views and the profits of an organization as big as this are sky-high.

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Former WWE superstar John Cena
Former WWE superstar John Cena

WWE has found it very difficult to find a footing in streaming services. That was until now, as it has been reported that the WWE Network will begin streaming on two separate platforms. It has been reported that this organization has signed a $5 billion deal with Netflix for the streaming of Raw, and also one with Peacock which allows it to have exclusive rights to all of its wrestling catalog.

Also Read: From a New WWE 2K24 Trailer to a Groundbreaking Streaming Deal with Netflix, It’s Been a Huge Couple of Days for AEW’s Biggest Competitor

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Peacock Has Exclusive Rights For All Of WWE’s Catalog

WWE and NBCUniversal have signed a deal that will completely change the way the massively hit phenomena will be streamed in the US. Previously, all shows from this were streamed on its own WWE Network, which was first launched in 2014. Ten years later, the decision was made by the company to give the rights to stream all programs from this, exclusively on Peacock. The executive vice president and chief revenue officer of the media company, Rick Cordella released a statement where he mentioned the exacts in more detail.

The Rock (R) is likely to fight Roman Reigns (L) — WWE
The Rock

“NBCUniversal has a long-standing relationship with WWE that began nearly 30 years ago with Monday Night Raw on USA. WWE has always tapped into the cultural zeitgeist with spectacular live events and larger-than-life characters, and we are thrilled to be the exclusive home for WWE Network and its millions of fans across the country. WWE Network is a transformative addition to the platform and complements Peacock’s massive catalog of iconic movies and shows, as well as the best live news and sports, from NBCUniversal and beyond.”

While the specifics of this deal have not been revealed to the public, it has been rumored that it runs for a five-year duration and is valued at more than $1 billion. The shift will be made somewhere in the middle of March and will involve WWE Network shutting down and all programs being moved to Peacock. Franchises like WrestleMania will be included in this, however, Raw will only get broadcasted on USA, which is owned by NBCUniversal as well.

Also Read: Vince McMahon Doesn’t Own Dwayne Johnson’s WWE Name Anymore But What About John Cena

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Netflix Signs A $5 Billion Deal For WWE Raw

The streaming of Raw will be handled by another streaming service altogether, as well as the streaming for all of its wrestling shows outside the USA. The exclusive rights to streaming Raw in the United States of America, Canada, the United Kingdom, and Latin America were awarded to Netflix. The streaming of all specials and other shows outside America was also granted to the streaming giant.

Roman Reigns as The Undisputed WWE Universal Champion
Roman Reigns as The Undisputed WWE Universal Champion

As reported by CNBC, these will include SmackDown, NXT, WrestleMania, SummerSlam, and Royal Rumble. This is a ten-year-long deal, with the fine print stating that after the first five years are over, Netflix will get an opportunity to either exit this deal or sign again for another decade. It has been reported that this deal is valued at a total of $5 billion, which is no surprise considering how big a sport this is.

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Written by Ananya Godboley

Articles Published: 1296

A poet and art enthusiast, Ananya Godboley is a striving academic who is pursuing a career in Criminal Psychology, currently doing an undergrad degree in Psychology. Passionate about History, Philosophy and Literature, she loves to learn about new and interesting subjects. A writer for FandomWire with over 1000 published articles, she adores all things superhero and Taylor Swift.