Netflix has signed a $5 billion partnership deal

Netflix shareholders are optimistic ahead of its fourth quarter results. The share price has been on an upward trend in recent months. Photo: Shutterstock

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Netflix and World Wrestling Entertainment (WWE) have signed a 10-year deal that will see the streaming platform broadcast the hugely popular WWE Raw across the Atlantic starting in 2025. The company is willing to pay $5 billion for the rights to visualization.

Netflix CEO Ted Sarandos said last October that he was not interested in showing live sports on the streaming platform, unlike rivals Apple and Amazon. They seem to have changed their minds now.

Netflix has faced several technical issues in the past while viewing live streams. However, according to Sarandos, this will no longer be a problem in the future.

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2024-01-23 13:50:42
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