Netflix will be the new home of WWE Raw starting in January 2025

WWE Raw will have a new home in 2025 and it won’t be on tradition cable for the first time since the show launched on USA Network on January 11, 1993.

Netflix will have exclusive rights to WWE Raw starting in January 2025.

According to CNBC, the deal with Netflix is for 10-years valued at more than $5 billion, per a SEC filing from the company.

CNBC also notes in their report that Netflix will have an option to exit the deal after five years, with an option to extend the deal for another decade.

Netflix will be able to stream Raw globally. CNBC also notes Netfilx will have exclusive rights to Raw in Canada, the U.K. and Latin America. Netflix will also become the home for all WWE shows and specials outside the U.S., including SmackDown and NXT, WrestleMania, SummerSlam and the Royal Rumble.