FAQ: How much do WWE’s current media deals pay? About $1.2 billion total per year | Terms with Netflix, ESPN, USA Network, CW
Sources:
Netflix: TKO SEC filing (“10-year term for an aggregate rights fee in excess of $5 billion”)
ESPN: TKO SEC filing (“…an average annual value of $325 million”)
Versant/NBCU: Wall Street Journal
CW: Wrestlenomics
Raw + most international rights on Netflix
Term: 10 years, January 2025 to December 2035 (with options to terminate after five years and to extend to 20 years)
Value: $550 million per year / $5 billion through 10 years
Rights:
- Monday Night Raw in the U.S. live weekly and on-demand on Netflix.
- Virtually all live core content rights (Raw, Smackdown, NXT, PLEs) and library rights in major international territories including U.K., Canada, India, Latin America and others.
- Certain U.S. library rights, including Raw episodes and pre-ESPN PLE/PPVs.
Premium live events on ESPN Unlimited
Term: 5 years, September 2025 to December 2030
Value: $325 million per year / $1.6 billion through 5 years
Rights:
- Monthly premium live events (including Wrestlemania) in the U.S., airing live on ESPN Unlimited app, with occasional partial simulcast on ESPN or ESPN2 traditional networks.
- PLEs available for replay on ESPN Unlimited.
Smackdown on USA Network + Saturday Night’s Main Event on NBC & Peacock
Term: 5 years, October 2024 to September 2029
Value: $287 million per year / $1.4 billion through 5 years
Rights:
- Smackdown airing live weekly in the U.S. on the USA Network.
- Saturday Night’s Main Event quarterly airing live on Peacock.
- Saturday Night’s Main Event was initially simulcast on NBC, but that was discontinued after four simulcasts.
- Smackdown episodes join library on Peacock (U.S.) after 30 days.
NXT on CW
Term: 5 years, October 2024 to September 2029
Value: $25 million per year / $125 million through 5 years
Rights:
- NXT airing live weekly in the U.S. on CW.
- Next-day replay streaming on MyCW (U.S.).
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Published
May 30, 2026May 30, 2026
