From January 2025 Netflix will be the show’s new exclusive home struggle Monday Night Raw, produced by WWE, in the US, Canada, the United Kingdom and Latin America, among others, the company announced in a statement on Tuesdayafter paying $5 billion for the deal.

Both companies have confirmed that this is the case a “long-term” deal, but the terms were not officially disclosed.

However, the specialized press today points out that the similarity between Netflix and WWE will last ten years and will cost the streaming platform more than $5 billion.

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This marks the first time that the hit show, number one on NBCUniversal’s USA Network and attracting 17.5 million viewers year-round, ditch traditional cable TV. With this purchase, Netflix, which already has a wide range of films and series, wants to become an indispensable subscription for entertainment and live content.

The deal gives Netflix access to approximately 150 hours of live content per year. Netflix will also get international rights to other WWE shows, such as “Smackdown” and “NXT”, and other major wrestling events such as “WrestleMania”.

Other streaming platforms such as Amazon and Warner Bros. According to the specialist press, Discovery were interested in becoming Raw’s new home.

It is becoming increasingly common for streaming platforms to bet on sports, another example is Apple TV, which last year integrated the Major League Soccer competition into its repertoire.