Monday Night Raw will remain on USA Network until the end of 2024 after TKO announced yesterday that it has entered into an agreement worth $25 million to keep the show on the network until its move to Netflix.
The transition to Netflix will happen on January 6, 2025, but WWE’s current media rights deal for Raw was ending on September 30, 2024, leaving Raw without a home for three whole months.
This will give USA Network 13 more Raw broadcasts and for just three months, it will be the exclusive home of both Raw and Smackdown as Smackdown moves to USA from FOX in the beginning of October.
While $25 million sounds like a good deal, WWE had zero leverage in this case and they are getting paid way less for the last three months than what USA is currently paying.
NBCUniversal paid WWE $1.325 billion over a five-year period for Monday Night Raw, which translates to $265 million per year and $66.25 million per quarter. The $25 million deal represents a decrease of $41.25 million in media rights for that quarter for WWE.
