Exciting news for wrestling fans! WWE’s long-standing weekly show “Raw” is set to make its debut on Netflix in January 2025 as part of a significant streaming agreement. The move will affect viewers in the U.S., Canada, the U.K., Latin America, and other regions, with more countries to be included over time.
In addition to this, Dwayne “The Rock” Johnson has inked a deal with WWE, gaining the rights to his iconic nickname. The Hollywood star will also join the board of TKO Group, the parent company of WWE.
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Now in a Twitter post, this announcement led to a surge of over 23% in TKO Group’s stock, marking its most substantial gain in months.
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$TKO Group's stock jumped 23% this morning on the back of @WWE's new Netflix deal + @TheRock and an AI expert joining the board of directors, its biggest gain in months.
🔲 @Endeavor has a 51% stake of TKO, which also houses @UFC, while WWE shareholders have 49%. pic.twitter.com/YSRV8StShO
— Adam Stern (@A_S12) January 23, 2024
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The excitement was evident as Dwayne Johnson, along with other notable figures, rang the opening bell at the New York Stock Exchange. The other figures present were Triple H, Vince McMahon, Nick Khan, Ari Emanuel and so on.
Interestingly, TKO Group, with a 51% stake owned by Endeavor (which houses UFC), and WWE shareholders holding the remaining 49%, continues to make significant strides in the entertainment industry.
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