Netflix to stream WWE Raw starting 2025 in $5 billion bet on live events

Netflix took a big step into live events on Tuesday with a more than $5 billion rights deal that would make it the exclusive home of World Wrestling Entertainment’s Raw from January 2025.

The 10-year partnership will put Raw on the streaming platform in the U.S., Canada, Britain and Latin America, among other territories, the companies said.

Netflix will also exclusively telecast outside the U.S. all WWE shows and specials, including SmackDown, as well as pay-per-view live events such as WrestleMania and Royal Rumble.