After a quarter in which Netflix reaffirmed its dominance in streaming video, its $5 billion deal to acquire rights to broadcast live wrestling suggests the streaming pioneer is taking a page from the old-school cable TV playbook. Netflix said on Tuesday it will carry World Wrestling Entertainment's (WWE) flagship weekly program, "Raw," from next year, deepening its investment in live programming and offering its subscribers outside the U.S. other weekly wrestling shows including "SmackDown." Although company executives said the deal did not signal a change to its focus on entertainment, it nevertheless sets Netflix on a collision course with traditional media as the streamer builds out its advertising business.
Netflix Still The Leader In Releasing New Original TV Seasons mediapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mediapost.com Daily Mail and Mail on Sunday newspapers.
Although some progress has been made in trimming losses for its streaming/direct-to-consumer (D2C) business, one estimate says Disney’s overall results will…
Disney Streaming Business To See $2 5B Loss In 2023: Analyst mediapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mediapost.com Daily Mail and Mail on Sunday newspapers.