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WWE Network to shut down in the US as Peacock smack downs WWE streaming rights

WWE Network to shut down in the US as Peacock smack downs WWE streaming rights

Credit: WWE/NBCUniversal

  • The WWE Network will shut down its streaming operations within the US, as its content material will grow to be accessible on the Peacock streaming service March 18.
  • The settlement was introduced immediately by WWE and Peacock’s proprietor NBCUniversal.
  • Specific monetary phrases of the deal weren’t formally disclosed, however one supply claims that NBCUniversal will spend over $1 billion for the rights.

Peacock, the not too long ago launched streaming service, is about to put the smack down for professional wrestling followers. NBCUniversal and WWE introduced immediately they’ve signed a deal that may permit the large video content material library from WWE Network to stream on Peacock.

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As a consequence, the WWE Network will really shut down operations within the US later this quarter. All of its present and future content material — together with all future WWE PPV occasions like WrestleMania 37 — shall be accessible to stream on Peacock beginning March 18. More particulars on how present WWE Network subscribers will switch to Peacock shall be revealed at a later date. The particular monetary phrases of the deal weren’t formally revealed, however The Wall Street Journal claims Peacock may have the WWE streaming rights for 5 years, at a price of over $1 billion. There’s no phrase on how this deal will have an effect on the WWE Network in different markets.

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The deal is a serious coup for NBCUniversal, which has been making an attempt to realize new subscribers for Peacock because it launched nationally in mid-July 2020. It not too long ago grew to become the unique streaming dwelling for the hit TV sitcom The Office within the US. NBCUniversal claims the service has 26 million customers however has not revealed what number of of them are paying subscribers. Peacock has a free subscription tier, with adverts, but in addition has a $4.99 per 30 days paid tier with adverts with extra content material, and a $9.99 a month stage with out adverts.

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