- The WWE network will cease streaming operations in the United States as its content will be available on the Peacock streaming service on March 18th.
- The agreement was announced today by WWE and Peacock's owner, NBCUniversal.
- Specific financial terms of the deal haven't been officially revealed, but a source claims NBCUniversal will spend over $ 1 billion on the rights.
Peacock, the recently launched streaming service, is about to put an end to pro wrestling fans. NBCUniversal and WWE announced today that they have signed a contract that will allow the WWE Network's vast video content library to stream on Peacock.
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As a result, the WWE network will actually cease operations in the US later this quarter. All current and future content - including any future WWE PPV events like WrestleMania 37 - will be available to stream on Peacock starting March 18. More information on how current subscribers to the WWE Network will switch to Peacock will be announced at a later date. The specific financial terms of the deal, however, have not been officially disclosed, however The Wall Street Journal claims Peacock will have WWE streaming rights for five years at a cost of over $ 1 billion. There's no word on how this deal will affect the WWE network in other markets.
The deal is a huge coup for NBCUniversal, which has been trying to attract new subscribers to Peacock since its launch in mid-July 2020. It recently became the exclusive streaming home for the hit TV sitcom The Office in the US. NBCUniversal claims the service has 26 million users but has not disclosed how many of them are paying subscribers. Peacock has a free subscription tier with ads, but also a paid tier of $ 4.99 per month with ads with more content and a monthly tier of $ 9.99 with no ads.
