Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Business

WWE’s SmackDown to return to NBCUniversal’s USA Network in more than $1.4 billion deal

by September 24, 2023
September 24, 2023
WWE’s SmackDown to return to NBCUniversal’s USA Network in more than $1.4 billion deal

WWE’s “Friday Night SmackDown” will return to USA Network in October 2024 as part of a five-year domestic media rights partnership between TKO Group Holdings and NBCUniversal, the company said Thursday.

The deal comes out to an average of $287 million per year, a total value of over $1.4 billion, people familiar with the matter told CNBC. WWE does not expect to reach a rights agreement for its flagship show “Raw” until next year. NBCUniversal is the parent company of NBC News.

Smackdown was previously on Fox with a rights agreement for $205 million per year in a five-year deal. The new agreement is roughly a 40% increase.

Shares of TKO dropped more than 12% following the announcement.

WWE will also produce four primetime specials per year to air on NBC beginning in the 2024-2025 season.

More from CNBC

10-year Treasury yield hits its highest level since 2007 as jobless claims decline Home sales stick near recent lows in August, but prices continue to climb Emirates Skywards miles: Book showers at 30,000 feet and unlimited caviar

“It’s a privilege and thrill to continue NBCU’s decades-long partnership with WWE which has helped cement USA Network’s consistent position as the top-rated cable entertainment network in live viewership,” said Frances Berwick, chairman of NBCUniversal Entertainment.

“With Friday nights on USA, primetime specials on NBC, and the WWE hub on Peacock, we’ll continue to use the power of our portfolio to super-serve this passionate fanbase.”

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
UAW strike begins at Mercedes-Benz supplier in Alabama as Detroit’s Big Three walkout continues
next post
Pandemic aid officials who overpaid vulnerable renters are saying, ‘We messed up, pay us back’

Related Posts

The great American jobs machine keeps revving in...

February 3, 2024

TurboTax maker barred from advertising ‘free’ services without...

January 24, 2024

How a $5 million fix turned Paramount Pictures’...

March 5, 2025

Fed Chair Powell says there has been a...

April 17, 2024

It wasn’t the endless shrimp that pinched Red...

May 25, 2024

Paramount says CEO Bob Bakish is stepping down,...

May 1, 2024

Largest U.S. sportsbooks join forces to tackle problem...

March 28, 2024

Dow tumbles 475 points, S&P 500 suffers worst...

April 13, 2024

More Ivy League universities settle suit alleging financial...

January 25, 2024

Affirm announces JPMorgan Chase merchants can now offer...

March 26, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved