TKO Group's stock, $TKO, soared over 20% in pre-market trading following the announcement of a transformative $5 billion deal with Netflix, $NFLX, for the streaming rights to WWE's 'Monday Night Raw' over a 10-year period. The agreement, which is a significant move into live sports streaming for Netflix, includes all WWE shows and specials outside the US. Additionally, Dwayne 'The Rock' Johnson was appointed to TKO Group's board of directors and was compensated with $30,000,007 in stock. The Rock also participated in ringing the opening bell at the New York Stock Exchange. Netflix holds the option to cancel or extend the deal after the initial 5 years, potentially adjusting the term to 5, 10, or 20 years.
History in the making 🎙️@TKOGrp celebrates the appointment of Dwayne @TheRock Johnson and Brad Keywell to the Board of Directors, as @WWE's 'Raw' moves exclusively to Netflix. @ufc | $TKO | #WWERaw https://t.co/BcffdyBJaG
The market loved the news of the WWE Netflix deal for TKO stock https://t.co/rda9SbwLh4
Nick Khan: ‘WWE Raw’ might not stay on Monday nights on Netflix https://t.co/kKElRmW8nA https://t.co/eVuTOyrsR4
Netflix and World Wrestling Entertainment are discussing a behind-the-scenes-style documentary as part of a $5 billion deal https://t.co/mQjQAD0JaQ
Netflix’s WWE Deal Just Dropped an Elbow on Peacock https://t.co/72tkWchCmB https://t.co/VGvasLvIQ9
A Knockout Call on Long $TKO: Stock Soars on $NFLX News TKO Holdings, an active long for Hedgeye’s Communications team, is up 15% today following news of Netflix’s 10-year, $5 billion deal to acquire the rights to WWE Raw. “It’s a really big deal, and it’s why we moved on the… https://t.co/GwMMdFyHVa
WWE RAW Moving To Netflix & The Rock Owns “The Rock” Now | D-COG #netflix #therock #wwe #wweraw https://t.co/TUzfoCzdAG https://t.co/wquzevFnqB
🚨Somebody made a BIG bet on $TKO at the start of the month🚨 Today, it was announced that WWE would be coming to $NFLX and the stock JUMPED! @jonnajarian and @petenajarian look at this big winner https://t.co/pWtRPUeak1
The Rock is cooking up big moves Announced today— • Added to TKO's board of directors • Awarded TKO stock worth over $30 million • Given full ownership of "The Rock" trademark Oh, and his co-owned XFL/USFL spring league, now the UFL, launches in March https://t.co/2y2H0KWl9b
Netflix is officially a player in live sporting events, following a $5 billion deal with WWE. What sports could move to Netflix next? We discuss: https://t.co/hzwbWR7Gin
Netflix jump into pro wrestling signals tipping point for sports media https://t.co/L8dN7TGOeN | opinion
Shares In Endeavor-Controlled TKO Group Jump On Netflix-WWE 'Raw' News https://t.co/hA7eLRCOvn
Nick Khan is asked if Raw will stay on Mondays: #PMSLive Full Show here: https://t.co/LjdYiKTceP https://t.co/eC35MxFIs7
Back in 2016 I argued Netflix should buy the WWE for $2.5 billion. They just committed $5 billion just for WWE Raw over the next ten years. Buy, don’t rent! https://t.co/CDTcW51dPz
Nick Khan says the current plan is for WWE Raw to remain on Monday night, but hints that it could change. Cites NFL's Monday night growth + gambling as a factor for WWE to weigh.
Nick Khan says if RAW stays on Monday it will work if they move RAW from Monday it will still work #WWERaw #Netflix
Listening to Nick Khan on Pat’s show and it sure as shit sounds like they’re moving that show off Monday night.
WWE’s new Netflix, Rock partnerships could have long-term ripple effects https://t.co/730DNp576e https://t.co/pd3c11NtHn
It’s wild that the first live sports on Netflix is professional wrestling. WWE deserves a lot of credit for pulling that off. https://t.co/C53uISVbzB
Updated numbers: $TKO: 🟢16% $NFLX: Even $LOGI: 🔴9% $DHI: 🔴9% $HAL: 🟢2% $UAL: 🟢6% $MMM: 🔴11% #stocks #options #trading #WWE #netflix https://t.co/A7ISyFFtoa
The NYSE welcomes @TKOGrp in honor of appointing Dwayne @TheRock Johnson and Brad Keywell to the Board of Directors! $TKO | @ufc | @WWE https://t.co/0Azp3C2adb
$TKO I’ve always loved WWE and UFC growing up. And still do to this day. Ya I’m a nerd whatever. Stock wants ath’s later this year. Yolo some leaps.
The NYSE welcomes @TKOGrp in honor of appointing Dwayne @TheRock Johnson and Brad Keywell to the Board of Directors! $TKO | @UFC | @WWE https://t.co/D3TTuT4UBk
WWE announces huge new deal with Netflix that will see The Rock and others star on streaming service https://t.co/sp8RTslSHP
WWE Raw Does a Heel Turn, Heads to Netflix Streaming https://t.co/QQaIkKBq6d https://t.co/taBAAEpTBN
BREAKING: $NFLX acquires the rights to all the WWE’s shows, including the live program “Monday Night Raw” for a massive $5 BILLION https://t.co/bVRLw86ixA
LISTEN NOW: Actor/producer/entrepreneur Dwayne Johnson and Ari Emanuel, the CEO of WWE and UFC parent TKO Holdings, join us in an exclusive interview. Listen and follow the @SquawkStreet podcast here: https://t.co/FZ7yRasUoQ https://t.co/SRr697Q0U5
This is the most interesting part of the WWE Netflix deal it could be just 5 years or as long as 20 years depends how happy Netflix is #WWE #Netflix https://t.co/LI7J51iNj9
Netflix has the option to cancel the 10-year deal with WWE after just 5 years, and has the option to extend the deal for an additional 10 years, according to a filing from TKO. Meaning the WWE-Netflix term could end up being 5 years, 10 years, or 20 years -- whichever Netflix… https://t.co/JXNAyIHEB7
On the same day he was named to TKO's Board of Directors and WWE announced a new rights deal with Netflix for 'Raw,' The Rock rang the opening bell at the New York Stock Exchange. https://t.co/eBAyGO9fuW https://t.co/x900jyZORu
$TKO Group's stock jumped 23% this morning on the back of @WWE's new Netflix deal + @TheRock and an AI expert joining the board of directors, its biggest gain in months. 🔲 @Endeavor has a 51% stake of TKO, which also houses @UFC, while WWE shareholders have 49%. https://t.co/YSRV8StShO
With the news of the new WWE rights deal, TKO stock price is up 23% at open to roughly $95 per share.
TKO Group Stock Soars on Blockbuster Netflix Deal for WWE 'Monday Night Raw' https://t.co/yOFPcVOuHB
WWE Raw 🤝 Netflix: Big news for fans of scripted combat. Read more via @WrestleJunkie: https://t.co/Vd6Uqwprlp https://t.co/2SlkJV9gA5
Coming up: @TheRock joins us with @TKOGrp & @Endeavor's Ari Emanuel at the @NYSE! Tune in after the opening bell 🔔 $TKO @jimcramer @carlquintanilla @davidfaber https://t.co/2U7rslsvtn
Coming up: @TheRock and @Endeavor's Ari Emanuel join us at the @NYSE! Tune in after the opening bell 🔔 $TKO https://t.co/79buhpEZaF
We bought $TKO (educational discord) at the end of the year before rights bidding :). This $NFLX deal launched it up 21% https://t.co/r7f3PlxC5V https://t.co/pqUaxW6f9J
⏱️60 Seconds in Puerto Rico! 🌴 $TKO moves from Comcast to Netflix in 2025, bringing WWE Raw to the U.S., Canada, and Latin America. Big win for Netflix $NFLX up 17%, Logitech $LOGI strong earnings, D.R. Horton $DHI mixed results, and Halliburton's $HAL strongest earnings in 4… https://t.co/9riPujPFhS
Netflix makes massive bet on live sports ahead of Q4 earnings https://t.co/zeanvSoet8
Woa! $TKO up >20% on news $NFLX has purchased the rights to stream Monday Night Raw (WWE's live show) starting in 2025. TKO also makes The Rock a BOD member. https://t.co/XbGrzSFQG1
I wonder if WWE Raw will move to Tuesday or Weds when it is on Netflix so it won’t go up against the NFL…
$TKO up 22% Pre-market 👀 Great call by our Comms team @HedgeyeCommBZ @HedgeyeComm https://t.co/A7OJPdvrXJ
wow that Netflix WWE deal is totally out of the blue
$TKO (+21.4% pre) TKO Group Stock Jumps 20% After WWE Streaming Deal With Netflix - DJ https://t.co/SrbSVfmETP
$TKO +25% in premarket! https://t.co/eSzbTxvATH
I believe the deal between $NFLX and $TKO for Raw is close to double what $TKO was getting under the old deal
WOW! $TKO Deal with Netflix is $500m AAV for 10 years ($5B total) and includes rights to all WWE shows and specials outside the US (Premium Live Events included). After a disappointing Smackdown deal, the TKO team hits a home run here.
After years and years of saying they wouldn't get involved in live entertainment, $NFLX buys the rights to distribute $TKO's Raw. Big ramifications across the media ecosystem. Will $NFLX bid for content from the major sports leagues? This pivot looks like an indictment of the…
The market likes Rock and Raw on Netflix news. That’s a ton of trading volume for $TKO. $EDR https://t.co/pjImCwAZL4
Live major sports on Netflix is inevitable https://t.co/CzTDFD2XEg
Wow so today $TKO / WWE announce all shows are now going to NETFLIX and the Rock has joined the BOD. Signs of the time and the death of cable TV …. https://t.co/YfkBbOVSDj
On the news of The Rock joining the board, $TKO is +5.36% pre-market on about 4,000 volume which is a lot for them. It’s Typically not traded much in pre-market trading.
$TKO is paying The Rock $30,000,007 in stock. https://t.co/J3iRBGNZ4x
From ESPN, 'The Rock' appointed to UFC, WWE's TKO Group board of directors https://t.co/d8hcNnIjcX