WWE Raw moving to Netflix as part of new 10-year, $5 billion TV rights deal

For the first time since its inception, WWE Raw will be leaving traditional cable and moving to Netflix as part of a new decade-long TV rights deal that also has international ramifications. WWE announced the news Tuesday morning with things set to kickoff in January 2025. While Variety initially reported the deal is worth $400 million annually and is "believed to run more than five years," both CNBC's Alex Sherman and the Sports Business Journal reported the deal is for 10 years and more than $5 billion. Raw will be seen not just in the United States, but also Canada, the United Kingdom, Latin America and other countries and regions over time according to the release. Adding some additional intrigue is that WWE's current deal with NBCU expires in October 2024, leaving a question of where Raw will air between that time and when the Netflix deal begins. The Variety reported stated that where Raw will air during that time is still being determined. Also part of the deal, Netflix will become the primary home ou