'Raw' is Netflix's first major live sports venture, with a $5 billion, ten-year deal signed with WWE for the exclusive rights.

Netflix has reached a multibillion-dollar, 10-year deal with WWE for exclusive rights to the wrestling organization's flagship weekly show, "Raw." The agreement will bring "Raw" to Netflix starting in January 2025 and will also make Netflix the home for all WWE shows and specials outside of the U.S. The deal is valued at more than $5 billion and will last for 10 years, with the option to extend for an additional 10 years or opt out after five. The deal marks Netflix's first major foray into live sports.

January 23, 2024
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