- WWE’s Friday Night SmackDown will return to NBCUniversal’s United states of america Network in Oct 2024.
- The deal comes out to an normal of $287 million for every year, a whole price of around $1.4 billion, persons familiar with the issue informed CNBC.
- Share of TKO Team Holdings dropped additional than 12% pursuing the announcement.
WWE’s “Friday Night time SmackDown” will return to United states Network in Oct 2024 as part of a 5-year domestic media legal rights partnership amongst TKO Team Holdings and NBCUniversal, the enterprise reported Thursday.
The offer comes out to an typical of $287 million for each 12 months, a complete price of in excess of $1.4 billion, men and women acquainted with the subject explained to CNBC. WWE does not hope to access a legal rights arrangement for its flagship clearly show “Raw” until eventually upcoming year.
Smackdown was formerly on Fox with a rights agreement for $205 million for each calendar year in a five-calendar year offer. The new agreement is about a 40% maximize.
Shares of TKO dropped extra than 12% subsequent the announcement.
WWE will also deliver 4 primetime specials for every 12 months to air on NBC starting in the 2024-2025 year.
“It is a privilege and thrill to carry on NBCU’s decades-extended partnership with WWE which has aided cement United states of america Network’s steady posture as the best-rated cable entertainment community in reside viewership,” stated Frances Berwick, chairman of NBCUniversal Leisure. “With Friday nights on United states, primetime specials on NBC, and the WWE hub on Peacock, we’ll proceed to use the electrical power of our portfolio to super-serve this passionate fanbase.”
Disclosure: NBCUniversal is the guardian firm of CNBC.
