It was announced on Monday morning that WWE had decided to sell the streaming rights in the United States for the WWE Network to NBCU. All programming that fans are used to getting from the WWE Network will move to NBCU’s streaming service, Peacock, starting on March 18th.
This deal is only for viewers in America and international fans will remain paying for this programming on the WWE Network. Fans have two options on how they watch and pay. First, fans can purchase Peacock’s ‘Premium’ tier for $4.99 a month that includes ads or you can purchase the ‘Premium Plus’ tier, which costs $9.99 and is commercial-free.
The Wall Street Journal is reporting that the agreement is a five year deal worth over $1 billion in revenue for WWE. Thus, it makes the deal worth $200 million a year. It should be noted that WWE has yet to confirm the financial details of this deal.
You can read statements from Rick Cordella, executive vice president and chief revenue officer of Peacock, and Nick Khan, WWE president, and chief revenue officer, here.
Stephanie McMahon publicly commented on the news by writing the following on Twitter:
Excited for @peacockTV to become the new home of @WWENetwork in the U.S., helping to bring premium @WWE content (including @WrestleMania!!!) to a much broader audience and to provide the @WWEUniverse with a wide offering of live sports, news, film & TV! https://t.co/MPzcxjL3IV
— Stephanie McMahon (@StephMcMahon) January 25, 2021