WWE is seeking to secure approximately $400 million annually in rights fees for Monday Night RAW, as their current TV agreement with the USA Network will expire in the fall of 2024.
Recently, WWE explored potential partnerships with various networks, including Amazon Prime, Warner Bros. Discovery, and Disney’s FX. While initial discussions with Warner Bros. Discovery appeared to have stalled, they’re said to not be dead, especially considering CM Punk’s return to WWE.
WWE had a meeting with Warner Bros. Discovery just a month ago.
It is believed that Punk’s involvement may have reopened what seemed like a done deal. The NBA’s television deal has had a lasting impact on discussions for WWE and AEW and networks regarding media rights fees.
According to Pwinsider and TKO’s Marc Shapiro, Khan, Triple H, and TKO went to Warner Bros. Discovery headquarters in New York City this past Monday for an extensive meeting with WBD executive Bruce Campbell to discuss RAW’s media rights. The meeting lasted for several hours.
AEW has a TV deal with Warner Bros. Discovery that extends until the end of 2024.
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WWE Seeks $400 Million Annually in Rights Fees for Monday Night RAW
The world of professional wrestling is buzzing with news as WWE aims to secure a whopping $400 million annually in rights fees for its flagship show, Monday Night RAW. The current TV agreement with the USA Network is set to expire in the fall of 2024, prompting WWE to explore potential partnerships with various networks.
Among the networks that WWE has engaged in discussions with are Amazon Prime, Warner Bros. Discovery, and Disney’s FX. While initial talks with Warner Bros. Discovery seemed to have hit a roadblock, they are not completely off the table, especially with the recent return of CM Punk to WWE.
Just a month ago, WWE had a meeting with Warner Bros. Discovery, and it is believed that Punk’s involvement may have reignited discussions that appeared to be dead. The impact of the NBA’s television deal on media rights fees for WWE and its rival promotion AEW has been significant, leading to intense negotiations with networks.
According to reports from Pwinsider and TKO’s Marc Shapiro, WWE’s Chief Brand Officer Stephanie McMahon, Executive Vice President of Global Talent Strategy & Development Triple H, and TKO’s President Tony Khan met with Warner Bros. Discovery executive Bruce Campbell at the company’s headquarters in New York City. The meeting, which lasted several hours, focused on discussing RAW’s media rights.
It is worth noting that AEW already has a TV deal with Warner Bros. Discovery that extends until the end of 2024. This adds an interesting dynamic to the negotiations between WWE and the network, as both promotions vie for favorable deals.
As fans eagerly await updates on the future of Monday Night RAW’s TV rights, they can stay informed by visiting eWrestlingNews.com. The website provides comprehensive coverage of all wrestling news. Additionally, fans can follow eWrestlingNews on Twitter and Facebook for real-time updates and engaging content.
In conclusion, WWE’s pursuit of securing $400 million annually in rights fees for Monday Night RAW showcases the company’s ambition and the value it places on its flagship show. With discussions ongoing with various networks, including Warner Bros. Discovery, the wrestling world eagerly awaits the outcome of these negotiations and the potential impact on the industry as a whole.