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Motley Fool Money
Netflix Gets Raw
Jan 23, 2024
Robert Brokamp interviews Michael Finke, discussing withdrawal rates for retirement. Netflix's $5 billion deal with the WWE, Proctor & Gamble's Gillette write down, and Schwab's deposit flight are also discussed. The impact of interest rates on Charles Schwab and customer investment decisions is explored. The correlation between health and wealth, predicting financial outcomes, and factors to consider for retirement savings are mentioned.
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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