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The Indicator from Planet Money

Why Netflix spent billions for WWE

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 7 January 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

Last night, after years on cable, WWE's flagship show, Monday Night Raw, made its debut on Netflix. It's another example of live sports programming making the move to streaming as more people abandon cable television.

Today on the show, we talk to a TV analyst about what Netflix's increasing investments in live sports means for the war between streamers and cable companies.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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Transcript

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0:00.0

NPR.

0:11.6

This is the indicator from Planet Money.

0:13.4

I'm Adrienne Ma.

0:14.3

And I'm Daryan Woods.

0:15.8

Darian, have you ever watched pro wrestling before?

0:19.0

I had a friend who was into it, so yes. Okay, so you've seen it

0:22.0

before. How would you describe it to somebody who's never seen it? I would say it's kind of like

0:27.1

scripted acrobatics that mostly has an audience of teenage boys. But a lot of teenage girls,

0:34.7

and let's be honest, a lot of adult men and women, too.

0:38.2

Right. That's true.

0:41.8

Here's how Kazim Famoyeide describes pro wrestling.

0:47.2

It's, in essence, a TV show. It's a violent soap opera.

0:52.1

Kazim is a co-host of the Masked Man show, which is a podcast about pro wrestling.

0:55.5

Like, it's combat sports, it's all that, but it's also entertainment.

1:00.9

It's also storylines, also the big personalities that bring you in.

1:05.5

For a long time, Kazim says admitting you liked pro wrestling could be a little embarrassing and earn you some judgmental looks for people who just didn't get the appeal of muscle-bound dudes and spandex

1:12.2

pretending to body slam each other. But in recent years, Kazim says it feels like that's changing.

1:18.1

It's very much entrenched in pop culture everywhere. And it doesn't seem like a weird thing to

1:23.1

like anymore. It just sort of feels like one of the other major sports.

1:27.9

And this week, pro wrestling took another big step into the mainstream, as World Wrestling

1:32.7

Entertainment, WWE, which for years ran on cable TV, debuted on the world's largest streaming

1:39.4

platform, Netflix.

...

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