00:00You're not the modern-day Maharaja. No, no, no, no, no, no, no. You are the day-one douchebag.
00:08WWE Monday Night Raw is heading to Netflix and Dwayne Johnson is coming on board.
00:14In a major streaming deal, Raw will leave USA Network for Netflix beginning in January of 2025,
00:20with the streaming giant also set to become the international home for the WWE's full slate of live events,
00:26including SmackDown and WrestleMania.
00:28The deal, which is valued at about $5 billion, marks Netflix's expansion into live events.
00:34It will now stream Raw live every Monday night in the U.S., Canada, U.K., and Latin America, with other territories to be added.
00:41This is a big win for WWE and UFC owner TKO, who also just announced that former WWE star Dwayne Johnson would be joining its board of directors.
00:51In addition, the company is granting Johnson full ownership of his trademark name, The Rock,
00:55with the actor and entrepreneur inking an agreement with the company, which gives Johnson a stock award valued at $30 million,
01:02while still being able to collect royalties in connection with sales of The Rock merchandise.
01:07As for Netflix's interest into the live space, the streamer has so far only occasionally dabbled in live events,
01:13like the Chris Rock stand-up comedy special or an attempt at the Love is Blind reunion special,
01:18which was filled with technical difficulties and eventually taped.
01:21For more on this move and Netflix's foray into live sports programming, head to the article on THR.com.
01:28And for the latest entertainment news and updates, keep watching The Hollywood Reporter News.
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