AEW and WWE Executives Honored, Netflix Lands WWE Streaming Rights

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AEW and WWE Executives Honored, Netflix Lands WWE Streaming Rights
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Tony Khan, Nick Khan, and TKO Group executives are recognized for their roles in the professional wrestling industry. A major deal sees Netflix become the exclusive home for WWE's Raw and other content internationally.

The list of honorees included AEW Owner and CEO Tony Khan, WWE President Nick Khan, and members of WWE parent company TKO Group, which included TKO Group CEO Ari Emanuel, President and COO Mark Shapiro, and Chief Financial Officer Andrew Schleimer.In October, five years to the week after Khan launched professional wrestling promotion AEW as a direct competitor to Vince McMahon’s long-dominant WWE , he closed a multi-year media rights deal with Warner Bros.

Discovery, worth a reported $185 million a year, that calls for AEW’s shows and events to be broadcast on TBS and TNT and stream on Max. The company is now valued at more than $2 billion, making it the third-most-valuable combat sports company in the world.Khan is quoted as saying, “Our new arrangement signifies that AEW will make history as the first professional wrestling promotion to simulcast events weekly on top cable channels and a top streaming platform.” Last year, Endeavor merged Ultimate Fighting Championship with World Wrestling Entertainment under the TKO Group Holdings banner. In January 2024, TKO’s leadership quadrumvirate closed a $5.2 billion, 10-year deal to make Netflix the exclusive home of WWE’s flagship show “Raw” in the U.S., Canada, U.K., Latin America and other territories beginning in January 2025. As part of the pact, Netflix will be the home for all WWE shows and specials outside the U.S. from that date forward, giving roughly 80% of international territories immediate access to 100% its content, with the rest of the globe filling out their WWE lineups as outstanding deals expire.TKO CFO Andrew Schleimer writes about the Netflix deal: 'While the money is extraordinarily important, the downstream impact and ancillary benefits to being with the distributor and just south of 300 million homes globally was something that got us very excite

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