WWE's 'Monday Night Raw' Coming To Netflix In $5B Deal

STAMFORD, CT — "Monday Night Raw," World Wrestling Entertainment's flagship weekly program, will move from linear television to the streaming platform Netflix beginning in January 2025 as part of a landmark $5 billion deal.

Stamford-based WWE, which is part of TKO Group Holdings, Inc., and Netflix, announced the long-term partnership on Tuesday.

Netflix will be the exclusive new home for "Raw" in the U.S., Canada, U.K., and Latin America, along with other territories, with more countries and regions added over time, WWE said.

It will also feature all WWE shows and specials outside of the U.S. as available, inclusive of "Raw" and WWE's other weekly shows like "Friday Night SmackDown" and NXT, as well as the company's premium live events like Wrestlemania, SummerSlam and Royal Rumble.

WWE’s award-winning documentaries, original series and forthcoming projects will be available on Netflix internationally beginning in 2025, WWE noted.

According to SEEC filings from TKO Group Holdings, Inc., on Tuesday, the deal with Netflix is for 10 years, with an option for Netflix to extend for an additional decade and to opt-out after the first five years.

The WWE Network and Wrestlemania will remain on the streaming service Peacock in the U.S. through March 2026 for $200 million per year, reported New York Post media columnist Andrew Marchand.

"This deal is transformative," said TKO President and COO Mark Shapiro, in a news release. "It marries the can’t-miss WWE product with Netflix’s extraordinary global reach and locks in significant and predictable economics for many years. Our partnership fundamentally alters and strengthens the media landscape, dramatically expands the reach of WWE, and brings weekly live appointment viewing to Netflix."

There have been 1,600 episodes of "Raw" to date since its debut in 1993. The weekly, three-hour show currently airs on USA Network where it's the No. 1 show, and it features WWE superstars like Becky Lynch, Rhea Ripley, Cody Rhodes and CM Punk.

WWE said Tuesday the program brings in 17.5 million unique viewers over the calendar year.

"We are excited to have WWE Raw, with its huge and passionate multigenerational fan base, on Netflix," said Netflix Chief Content Officer Bela Bajaria, in a news release. "By combining our reach, recommendations, and fandom with WWE, we’ll be able to deliver more joy and value for their audiences and our members. Raw is the best of sports entertainment, blending great characters and storytelling with live action 52 weeks a year and we’re thrilled to be in this long-term partnership with WWE."

WWE President Nick Khan touted Netflix's track record

"We believe Netflix, as one of the world’s leading entertainment brands, is the ideal long-term home for Raw’s live, loyal, and ever-growing fan base," he said in a news release.

Last September, it was announced that "Friday Night Smackdown," WWE's other weekly show, would move from Fox to USA Network beginning in October 2024.

The five-year deal was reported to be over $1.4 billion.