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Bloomberg Technology

Netflix Earnings Preview, Acquisition of WWE's Raw

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 23 January 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Ed Ludlow breaks down Netflix's big push into live events with a $5 billion dollar deal for WWE's Raw. Plus, a push ahead to the streaming platform's earnings and what to expect from this tech earnings season.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Lo Loa. I'm Ed Ludlow in San Francisco.

0:55.0

Caroline Hides off today.

0:59.0

This is Bloomberg Technology.

1:01.0

Coming up, Netflix makes a big push into live events with a $5 billion deal for

1:07.0

W. W. W.E. Raw. Full details ahead. And we stick with Netflix, pushing ahead to results after the bell and get a read on what to expect from tech earnings this season

1:17.6

Plus Samsung exploring the development of a non-invasive blood sugar monitor to compete with tech giants like

1:24.9

Apple in the race for wearable dominance. All that and so much more coming up.

1:29.7

There is one main big story this morning and it is the Netflix deal with

1:34.5

T. K.O. Parent of W. W. W. E. sources telling us it is a five billion dollar

1:39.9

deal over 10 years. Monday Night Raw, live on the platform starting in January of 2025,

1:47.0

but outside of the US exclusivity on a number of WWE brands and pay-per-view events in new markets, meaning new eyeballs.

1:59.0

Just last hour, I sat down with WWE PresidentW. President Nick Khan.

2:03.0

Listen to this.

2:04.8

We're pleased with the deal and we love the fact

2:07.1

that Netflix was willing to take a bet on us.

2:09.4

As we know, they had said previously

...

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