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.
33:43
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Quick takeaways
- Netflix aims to tap into a wider audience and leverage the popularity of wrestling by securing a 10-year, $5 billion deal with WWE Raw, highlighting their focus on live events to strengthen their position in the competitive streaming industry.
- Despite a significant write-down of $1.3 billion for Gillette, Proctor and Gamble's overall financial performance remains strong, with a 21% rise in operating income for the quarter year-over-year, reflecting the complex nature of assessing investment value and the impact of changes in distribution channels and currency exchange rates.
Deep dives
Netflix's $5 billion deal for WWE Raw and the appeal of live events
Netflix has secured a major deal, paying $5 billion for the rights to stream WWE Raw for 10 years starting next January. The move signifies Netflix's focus on live events as a way to strengthen its position in the competitive streaming industry. Wrestling, in particular, offers the advantage of having both live entertainment and a longer-lasting appeal due to its ongoing storylines. By investing in live events like WWE Raw, Netflix aims to tap into a wider audience and leverage the popularity of wrestling, especially in international markets like Saudi Arabia.
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