Endeavor CEO Ari Emanuel spoke with CNBC about the new deal that will see WWE move Monday Night Raw from the USA Network to Netflix in 2025.
Featured below are some of the highlights.
On the deal and what it will mean for the future of TKO: “All I can say is that we are in line with the market expectations and where our step up would be. The only other thing I would say is it’s Netflix. They’re the global leader. They’re the best company with regard to sports entertainment whether they’ve done it with Formula One or Tour De France, this is the next iteration as they go to live and moving into live. This is an important step for them in their SVOD and subscription service and live is important for them. The word Netflix is important for this. Ten year deal, with Raw, it’s a big deal.”
On why it is a great deal for Netflix, and how live programming will begin to get incorporated more into streaming: “We just saw, two weekends ago on Peacock, how big football played. 27 million people. I don’t think linear is going away, I don’t think cable is going away, but there is a push to streaming. On this deal, we did that early on with the UFC on ESPN and ESPN Plus. From our perspective, this is the next iteration of where this goes. We have a linear play with SmackDown and NXT. This is the streaming play. For us, it was the next step. It’s a great deal for Netflix, in our opinion. They get 150 hours of programming over $5 billion dollars. It’s like two and a half movies for 150. For us, it’s the global player in streaming. It’s a great deal.”
Check out the complete interview at CNBC.com.
