00:00WWE has inked a five-year, $1.6 billion agreement with ESPN to secure exclusive U.S. broadcast rights to premium live events, including WrestleMania, SummerSlam, and Royal Rumble, starting next year.
00:15These events will primarily stream on ESPN's new direct-to-consumer platform, set to launch August 21st at $29.99 per month.
00:23The deal more than doubles the value of WWE's previous arrangement with Peacock, which was about $180 million annually.
00:32UFC, WWE's sister brand under TKO Group Holdings, is also nearing the end of its own ESPN deal and is reportedly eyeing potential partnerships with multiple streaming services like Netflix.
Be the first to comment