Home World WWE’s SmackDown to return to NBCUniversal’s USA Community in additional than $1.4 billion deal

WWE’s SmackDown to return to NBCUniversal’s USA Community in additional than $1.4 billion deal

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WWE’s SmackDown to return to NBCUniversal’s USA Community in additional than $1.4 billion deal

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WWE’s “Friday Evening SmackDown” will return to USA Community in October 2024 as a part of a five-year home media rights partnership between TKO Group Holdings and NBCUniversal, the corporate stated Thursday.

The deal comes out to a mean of $287 million per yr, a complete worth of over $1.4 billion, folks conversant in the matter instructed CNBC. WWE doesn’t anticipate to achieve a rights settlement for its flagship present “Uncooked” till subsequent yr. NBCUniversal is the dad or mum firm of NBC Information.

Smackdown was beforehand on Fox with a rights settlement for $205 million per yr in a five-year deal. The brand new settlement is roughly a 40% improve.

Shares of TKO dropped greater than 12% following the announcement.

WWE will even produce 4 primetime specials per yr to air on NBC starting within the 2024-2025 season.

“It’s a privilege and thrill to proceed NBCU’s decades-long partnership with WWE which has helped cement USA Community’s constant place because the top-rated cable leisure community in reside viewership,” stated Frances Berwick, chairman of NBCUniversal Leisure.

“With Friday nights on USA, primetime specials on NBC, and the WWE hub on Peacock, we’ll proceed to make use of the ability of our portfolio to super-serve this passionate fanbase.”

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