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"Netflix's Live Sports Stance Unaffected by WWE's 'Raw' Streaming Deal"

Netflix's co-CEO Ted Sarandos stated that the streaming giant's recent deal to acquire the rights to WWE's Monday Night Raw does not signal a shift in its stance on live sports. Sarandos emphasized that while Netflix is in the sports business, it is not pursuing major rights commitments to traditional sports leagues. The deal, valued at $5 billion over 10 years, will bring Raw to Netflix in 2025 and includes streaming rights in several territories. Sarandos highlighted the scripted nature of WWE's programming as fitting into Netflix's focus on the drama of sports, and noted the potential for global distribution and ad revenue. Despite this move, Netflix maintains that it does not represent a change in its broader sports strategy.