TKO said on January 23, 2024 that WWE and Netflix had announced a partnership, and that beginning in January 2025 Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America.

8-KRegulation FD DisclosureFiled Jan 23, 2024Period of report Jan 23, 2024Summary published (UTC) Oct 31, 2026

Key points

AI summary

TKO said on January 23, 2024 that WWE and Netflix had announced a partnership, and that beginning in January 2025 Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America.
The company said the initial term of the agreement is 10 years and the aggregate rights fee exceeds $5 billion. Netflix has an option to extend for an additional 10 years and an option to opt out after the initial 5 years.
The company said Netflix will also become the home of all WWE shows and specials outside the U.S., as available, including Raw, SmackDown and NXT, and the Premium Live Events such as WrestleMania, SummerSlam and Royal Rumble. WWE documentaries and original series will be available internationally beginning in 2025.
In the press release, the company said Raw is currently the No. 1 show on USA Network, drawing 17.5 million unique viewers over the course of the year, and has aired 1,600 episodes to date.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Key Terms

TKO said on January 23, 2024 that WWE and Netflix had announced a partnership, and that beginning in January 2025 Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America.

Source · Based on the filing body and exhibits

Contract Term and Aggregate Rights Fee

The company said the initial term of the agreement is 10 years and the aggregate rights fee exceeds $5 billion. Netflix has an option to extend for an additional 10 years and an option to opt out after the initial 5 years.

Source · Based on the filing body and exhibits

WWE Content Available Outside the U.S.

The company said Netflix will also become the home of all WWE shows and specials outside the U.S., as available, including Raw, SmackDown and NXT, and the Premium Live Events such as WrestleMania, SummerSlam and Royal Rumble. WWE documentaries and original series will be available internationally beginning in 2025.

Source · Based on the filing body and exhibits

Company Description of Raw Viewership

In the press release, the company said Raw is currently the No. 1 show on USA Network, drawing 17.5 million unique viewers over the course of the year, and has aired 1,600 episodes to date.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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