WWE Raw will remain on the USA Network through the remainder of 2024.
Earlier this year, TKO Group Holdings announced that Netflix would be the new home of Raw beginning at the start of 2025. However, the deal with NBCU originally expired in October, meaning there would be a 3-month period during which nobody would own the rights to air the show.
In its First Quarter Earnings report released on Wednesday, TKO Group Holdings revealed a $25 million domestic media rights deal has been reached for Raw to remain on the USA Network for the rest of the year.
“WWE entered into a $25 million domestic media rights agreement with NBCUniversal for Raw to remain on USA Network for the fourth quarter of 2024,” today’s release reads.
Today’s report continues to state that the additional revenue has led to the company adjusting its projects for the year.
“Based on outperformance through the first three months of the year as well as a $25 million domestic media rights agreement for Raw for the fourth quarter of 2024, the Company is raising its guidance and now expects full year 2024 revenue of $2.610 billion – $2.685 billion and Adjusted EBITDA of $1.185 billion – $1.205 billion.”
News Summary:
- WWE announces deal to keep Raw on USA Network through end of 2024
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