Netflix places $5bn bet on live streaming with WWE Raw deal

9 months ago 23

Entertainment giant has dabbled with live events in bid to shore up its dominant position as world’s largest streaming platform

Netflix has unveiled a $5bn push into live television after striking a decade-long deal with World Wrestling Entertainment (WWE) to broadcast the hit wrestling show Raw.

The entertainment giant, which led the on-demand streaming revolution, has dabbled with live events in recent years in a bid to shore up its dominant position as the world’s largest streaming platform.

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