The Town with Matthew Belloni A WWE Business Smackdown With Nick Khan
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Apr 3, 2024 WWE president Nick Khan discusses the $5 billion Netflix deal, post-Vince McMahon creative vision, The Rock's return, future sports media, NBA rights deal, and more. Insights on strategic partnerships, negotiations, WWE's international growth, sports rights deals, and entertainment industry collaborations. Speculation on potential MotoGP documentary series and celebrity motorcycle maintenance.
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Landing the Netflix Deal
- Nick Khan recounts how WWE landed their Raw deal with Netflix, despite initial reluctance from the streamer towards live content.
- A key factor was WWE's turnkey operation, producing their own content, which simplified the integration for Netflix.
Global Reach over Immediate Profit
- WWE prioritized global reach over maximizing immediate profit in their Netflix deal.
- They recognized the value of Netflix's vast subscriber base for international growth, aligning with Brandon Riegg's earlier advice.
Vince McMahon's Exit and Netflix Deal
- New allegations against Vince McMahon surfaced days after the Netflix deal was announced, potentially jeopardizing it.
- Khan confirms Vince McMahon's complete absence from WWE affairs, including the Netflix deal and subsequent resignation.