Here's Why Netflix's Deal With TKO Is a Game-Changer for Both Stocks
Last week, Netflix (NFLX 1.50%) made its first big move into live event programming by striking a deal with TKO Group Holdings (TKO -1.11%) for its subsidiary WWE's Raw distribution rights. The reported 10-year, $5 billion-plus agreement will bring the popular weekly professional wrestling show to the streaming giant in January 2025.The move, providing WWE access to a broader audience, is a significant step for Netflix, which is behind its competitors Amazon, Apple, and Walt Disney in programming live sport ...