Motley Fool Money Netflix Gets Raw
Jan 23, 2024
Bill Mann, an investment analyst with a knack for business news, dives into Netflix's monumental $5 billion deal with WWE, discussing its implications for streaming and wrestling's global appeal. Alongside him, Michael Finke, a retirement planning expert, shares insights on crucial withdrawal strategies for financial security. They explore the recent financial struggles of Procter & Gamble and Charles Schwab, while emphasizing the importance of balancing immediate enjoyment with future security in retirement planning.
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Netflix and Live Entertainment
- Netflix is acquiring WWE Raw for $5 billion over 10 years, focusing on live entertainment.
- Wrestling offers a longer tail than traditional sports due to its storylines, benefiting Netflix's platform.
WWE Raw Spectacle
- Ricky Mulvey recounts attending a WWE Raw show and being impressed by the spectacle.
- He highlights the ring-breaking finale featuring Braun Strowman and Big Show.
WWE's Global Reach
- WWE has a significant international fanbase, unlike the NFL.
- This global reach benefits Netflix, particularly in markets like Saudi Arabia where wrestling is popular.