https://www.sportspromedia.com/news/wwe-network-peacock-exclusive-US-streaming-rights-deal
This is surprising that WWE Network was one of the earliest entertainment entities to create their own streaming network in 2014. Now 7 years later they think it's a better idea to sell their content to someone else. I guess the cost of hosting, continually updating, IT, etc. for a streaming service was too much and the decided to outsource all of that to Peacock.
I wonder how many other streaming services are looking at this deal and thinking that they should do the same. I could see Apple+ or Paramount+ taking a deal like this.
One Billion dollars!!!!Quote:
An official announcement from World Wrestling Entertainment (WWE) described the deal as a 'multi-year agreement', with The Wall Street Journal reporting the contract is valued at more than US$1 billion over five years.
Under the agreement, the WWE Network app will be shut down, with the OTT service's programming and subscribers which total around 1.5 million to be migrated over to Peacock. Subscribers will continue to get access to WWE Network via Peacock Premium, which costs US$4.99 per month. The ad-free Peacock Premium Plus costs US$9.99 per month, the same as a WWE Network subscription.
This is surprising that WWE Network was one of the earliest entertainment entities to create their own streaming network in 2014. Now 7 years later they think it's a better idea to sell their content to someone else. I guess the cost of hosting, continually updating, IT, etc. for a streaming service was too much and the decided to outsource all of that to Peacock.
I wonder how many other streaming services are looking at this deal and thinking that they should do the same. I could see Apple+ or Paramount+ taking a deal like this.
