NBCU and WWE have come to terms on a multi-year agreement that will combine WWE Network, WWE streaming, and Peacock streaming, only for American viewers
It’s been reported that the change will be made on March 18 with the WWE Fastlane PPV. WWE programming will be part of the ‘Premium’ tier with commercials for $4.99, the ‘Premium Plus’ tier without commercials for $9.99.
While the financial terms of the agreement have not been disclosed, WWE reported in their third-quarter financials last year that their streaming service averaged 1.6 million monthly paid subscribers.
The Wall Street Journal is reporting that the agreement is a five-year deal worth over $1billion in revenue for WWE. That makes the deal worth $200 million a year.
While Stephanie McMahon has acknowledged this with a tweet, WWE as a whole has not confirmed this news.
Rick Cordella, executive vice president and CRO of Peacock released a statement:
“NBCUniversal has a long-standing relationship with WWE that began nearly 30 years ago with ‘Monday Night Raw’ on USA. WWE has always tapped into the cultural zeitgeist with spectacular live events and larger-than-life characters, and we are thrilled to be the exclusive home for WWE Network and its millions of fans across the country. WWE Network is a transformative addition to the platform and complements Peacock’s massive catalog of iconic movies and shows, as well as the best live news and sports, from NBCUniversal and beyond.”
Nick Khan, WWE president and CRO released a statement.
“We are thrilled to further the long-standing and trusted partnership WWE has with NBCUniversal. Peacock is an innovative platform that will enable us to showcase our most significant events, including WrestleMania, and provide the extraordinary entertainment our fans have come to expect with the combination of premium WWE content, live sports, news, films, and television programs.”
QD – Um, wow! I’m both excited and worried. I will fully admit that this looks good on the surface, I worry about prices running out of control after they join. I’m interested in seeing where this will go, but will hold back on my worries until then.