Tag: Netflix

Warner Bros. Discovery Rejects Paramount’s Hostile Takeover Offer

The fight over control of Warner Bros. Discovery is heating up, and it could have ripple effects across the entertainment landscape — including All Elite Wrestling.

Warner Bros. Discovery, AEW’s longtime broadcast and streaming partner, has officially rejected a hostile acquisition attempt from the Paramount Skydance group led by David Ellison. The move comes after WBD recently agreed to a major deal with Netflix, which would see the streaming giant acquire a significant portion of WBD’s assets, including Warner Bros. Pictures and HBO Max.

Following that agreement, Paramount launched an aggressive all-cash tender offer directly to WBD shareholders, offering $30 per share and valuing the company at roughly $108 billion. Unlike Netflix’s proposal, Paramount’s bid would include WBD’s entire portfolio, including its linear television networks.

According to The Hollywood Reporter, WBD’s board has now formally rejected Paramount’s offer, telling shareholders it is “inferior” to Netflix’s deal and warning that the bid carries “numerous significant risks and costs.” With that decision made, Paramount’s options are limited: either convince shareholders to sell at the current price or return with a higher offer in hopes of disrupting the Netflix agreement.

WBD Board Chair Samuel A. Di Piazza, Jr. said the rejection followed a comprehensive review of Paramount’s proposal. In a statement, Di Piazza said the board determined the offer undervalued the company while placing unnecessary risk on shareholders. He added that the bid failed to resolve issues WBD had already raised during discussions around Paramount’s six previous proposals.

Di Piazza emphasized that WBD believes the Netflix transaction offers stronger and more certain value, stating the company is confident in the long-term upside of that partnership.

THR noted that the board’s response was widely expected. Paramount’s tender offer closely resembled a proposal submitted earlier in December, shortly before WBD finalized its agreement with Netflix. WBD has repeatedly expressed concerns about Paramount’s financing, particularly questions surrounding foreign investment and whether Oracle founder Larry Ellison would fully guarantee the deal.

In a December 17 filing, WBD specifically pointed to issues with the backstop provided by Ellison’s revocable trust, citing a lack of transparency regarding the trust’s assets and liabilities. The filing also raised red flags about funding tied to Middle East sovereign wealth funds, including $10 billion from Saudi Arabia’s Public Investment Fund, $7 billion from Abu Dhabi, and another $7 billion from the Qatar Investment Authority.

Paramount has already had to adjust its financing structure. Tencent, which was expected to contribute $1 billion, was removed from the bid, while Jared Kushner’s Affinity Partners has reportedly pulled out of a $200 million commitment. WBD has also stated it sees no meaningful regulatory advantage in Paramount’s proposal compared to Netflix’s.

Looking ahead, THR reports that Ellison and his team were waiting on WBD’s response before deciding their next move. If Paramount increases its offer, Netflix would have the opportunity to counter, potentially setting off a full-scale bidding war. Netflix, for its part, sent a letter to shareholders on December 17 calling its proposal “the right deal, with the right partner, at the right time.”

The report also revealed that Ellison texted WBD CEO David Zaslav just hours before the Netflix deal was finalized, signaling Paramount’s willingness to go higher than $30 per share. Notably, Ellison pointed out that the offer was not labeled “best and final.”

Despite the rejection, Paramount reaffirmed its $30 per share tender offer in a statement released today. Ellison reiterated his belief in the deal, arguing it offers superior value, a clearer path to closing, and avoids leaving shareholders with what he described as an overleveraged linear TV business.

Ellison and senior Paramount executives have continued lobbying investors, including at a recent UBS conference in New York. One attendee told THR they left believing Paramount is prepared to raise its bid and questioned whether Netflix could realistically match a higher offer given recent stock movement following the $83 billion announcement.

With several major WBD shareholders reportedly intrigued by Paramount’s all-cash proposal, pressure could continue to mount. If Paramount ups the ante, WBD may yet find itself forced to reconsider — setting the stage for an even bigger showdown in the media world.

Paramount’s Surprise Bid for Warner Bros. Discovery Could Complicate Netflix’s Plans – And AEW’s Future Home

The media war around Warner Bros. Discovery (WBD) just got a lot more chaotic — and the ripple effects could eventually reach AEW.

Over the past week, Netflix had been moving toward a massive $82.7 billion deal that would carve up WBD, taking control of Warner Bros. Studios, HBO, and HBO Max while spinning off the cable networks into a separate company. That deal, while far from finalized, had the potential to shake up WBD’s structure but wasn’t expected to immediately disrupt AEW’s presence on TNT, TBS, or Max.

But now Paramount has stormed into the picture with what several outlets are calling a hostile takeover attempt. The newly formed Paramount Skydance has reportedly put a $108.4 billion offer on the table — translating to $30 per WBD share, surpassing Netflix’s bid of roughly $27.75 per share.

According to Variety and other industry reports, WBD has acknowledged receiving Paramount’s unsolicited proposal and has 10 business days to make a formal decision.

If Netflix’s bid ultimately collapses, the streamer would owe WBD a hefty $5.8 billion breakup fee.

Paramount issued a statement to Deadline, touting its offer as a more stable, less complicated option for WBD shareholders — and taking a not-so-subtle swipe at Netflix’s deal by framing it as riskier and tied to a lengthy regulatory process.

What Does This Mean for AEW?

In the short term, nothing changes. AEW’s existing media rights agreement with WBD runs through 2027, with an option year into 2028, covering TNT, TBS, and Max for Dynamite, Collision, and pay-per-view distribution.

However, the long-term landscape could get messier depending on which company wins out:

  • If Netflix somehow prevails:
    AEW’s content might end up shifting on the streaming side, especially if HBO Max gets restructured or folded into Netflix. But again, this wouldn’t immediately alter their TV homes on TNT/TBS.
  • If Paramount takes over WBD:
    Things get more interesting. Paramount already has a huge deal in place with UFC — a 7-year, $7.7 billion agreement beginning in 2026 — making Paramount+ the exclusive streaming home for UFC. Could Paramount want both UFC and AEW under its umbrella? Would they see AEW as redundant? Or would they look to bolster their sports/entertainment portfolio even more?

There’s no clear answer yet, but it’s a scenario worth watching.

AEW’s Stability vs. a Turbulent Media Market

With Hollywood and the streaming world in full consolidation mode, AEW finds itself tied to a partner that major companies are fighting over. That could either strengthen their position or leave them navigating a new corporate owner with new priorities.

For now, AEW is safe and locked in. But as the Paramount vs. Netflix drama unfolds, Tony Khan’s promotion may once again find its fate linked to boardroom battles far outside the wrestling ring.

Netflix Acquires Warner Bros.

The media world woke up to a bombshell: after months of speculation, Netflix has officially struck a deal to acquire Warner Bros. If regulators sign off, this move could put the streaming rights to both WWE and AEW under the same corporate roof — something unthinkable just a year ago.

What Netflix Is Actually Buying

Netflix confirmed that the agreement includes the Warner Bros. movie and TV studios, along with HBO and the HBO Max platform. However, the previously announced internal split at Warner Bros. Discovery is still happening. Once the dust settles:

  • Netflix gets the Warner Bros. studio assets and HBO/HBO Max
  • Discovery Global becomes its own separate company, holding cable networks like TBS, TNT, and Discovery Channel

That separation is crucial. While Netflix gains major entertainment brands, the networks that actually air AEW programming will live under the Discovery side, not Netflix.

For now, Netflix says HBO Max will continue operating as-is — a temporary situation at best, given Netflix’s long-term strategy.

Where Does This Leave AEW?

AEW’s future is the biggest question mark in all of this.

The promotion only recently locked in a multi-year extension with WBD, keeping AEW Dynamite and AEW Collision on TBS and TNT. That deal should theoretically keep AEW secure for several years, but big mergers often come with hidden contract escape clauses, restructuring options, or renegotiation triggers.

And then there’s the ownership wrinkle: WBD was reported to own a small equity stake in AEW. Once the company splits into two and Netflix acquires half, it’s unclear where that ownership slice will land — Discovery Global, Netflix, or somewhere else entirely.

Meanwhile, WWE’s Netflix Partnership Keeps Growing

WWE already has one foot firmly planted in the Netflix world. At the start of 2025, Raw officially left cable and debuted as a Netflix-exclusive show in the U.S. The streaming giant also hosts multiple WWE programs overseas, and although American PLEs are now tied to ESPN+, Netflix remains one of WWE’s most important global partners.

If the Warner Bros. acquisition goes through, Netflix could find itself with indirect ties to both major wrestling promotions — an unprecedented situation.

Potential Industry-Wide Ripple Effects

The landscape for wrestling media rights was already shifting rapidly, and this deal could accelerate those changes. AEW may face downstream effects depending on who controls the networks airing their shows and who ends up holding that reported ownership stake. WWE’s relationship with Netflix could deepen or evolve as the company absorbs massive new assets.

For fans, this could eventually influence where and how they watch both WWE and AEW programming — especially as streaming services consolidate and content libraries merge.

One thing is clear: Netflix’s bold move is reshaping the entertainment world, and the wrestling industry may be heading toward one of its most unpredictable media eras yet.

Netflix press release:

NETFLIX TO ACQUIRE WARNER BROS. FOLLOWING THE SEPARATION OF DISCOVERY GLOBAL FOR A TOTAL ENTERPRISE VALUE OF $82.7 BILLION (Equity Value of $72.0 Billion)
Dec 05, 2025

Transaction Unites Warner Bros.’ Iconic Franchises and Storied Libraries with Netflix’s Leading Entertainment Service, Creating an Extraordinary Offering for Consumers

Netflix to Maintain Warner Bros.’ Current Operations

Combination Will Offer More Choice and Greater Value for Consumers, Create More Opportunities for the Creative Community and Generate Shareholder Value

Acquisition Will Strengthen the Entertainment Industry

HOLLYWOOD, Calif., Dec. 5, 2025 /PRNewswire/ — Today, Netflix, Inc. (the Company) and Warner Bros. Discovery, Inc. (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO.

NETFLIX TO ACQUIRE WARNER BROS.(opens in a new window)

The cash and stock transaction is valued at $27.75 per WBD share (subject to a collar as detailed below), with a total enterprise value of approximately $82.7 billion (equity value of $72.0 billion). The transaction is expected to close after the previously announced separation of WBD’s Global Networks division, Discovery Global, into a new publicly-traded company, which is now expected to be completed in Q3 2026.

This acquisition brings together two pioneering entertainment businesses, combining Netflix’s innovation, global reach and best-in-class streaming service with Warner Bros.’ century-long legacy of world-class storytelling. Beloved franchises, shows and movies such as The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz and the DC Universe will join Netflix’s extensive portfolio including Wednesday, Money Heist, Bridgerton, Adolescenceand Extraction, creating an extraordinary entertainment offering for audiences worldwide.

“Our mission has always been to entertain the world,” said Ted Sarandos, co-CEO of Netflix. “By combining Warner Bros.’ incredible library of shows and movies—from timeless classics like Casablancaand Citizen Kaneto modern favorites like Harry Potter and Friends—with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we’ll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling.”

“This acquisition will improve our offering and accelerate our business for decades to come,” continued Greg Peters, co-CEO of Netflix. “Warner Bros. has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities. With our global reach and proven business model, we can introduce a broader audience to the worlds they create—giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry and creating more value for shareholders.”

“Today’s announcement combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most,” said David Zaslav, President and CEO of Warner Bros. Discovery. “For more than a century, Warner Bros. has thrilled audiences, captured the world’s attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world’s most resonant stories for generations to come.”

Combination Will Offer More Choice, More Opportunities, More Value

Complementary strengths and assets: Warner Bros.’ studios are world-class, with Warner Bros. recognized as a leading supplier of television titles and filmed entertainment. HBO and HBO Max also provide a compelling, complementary offering for consumers. Netflix expects to maintain Warner Bros.’ current operations and build on its strengths, including theatrical releases for films.
More choice and greater value for consumers: By adding the deep film and TV libraries and HBO and HBO Max programming, Netflix members will have even more high-quality titles from which to choose. This also allows Netflix to optimize its plans for consumers, enhancing viewing options and expanding access to content.
A stronger entertainment industry: This acquisition will enhance Netflix’s studio capabilities, allowing the Company to significantly expand U.S. production capacity and continue to grow investment in original content over the long term which will create jobs and strengthen the entertainment industry.
More opportunities for the creative community: By uniting Netflix’s member experience and global reach with Warner Bros.’ renowned franchises and extensive library, the Company will create greater value for talent—offering more opportunities to work with beloved intellectual property, tell new stories and connect with a wider audience than ever before.
More value for shareholders: By offering members a wider selection of quality series and films, Netflix expects to attract and retain more members, drive more engagement and generate incremental revenue and operating income. The Company also expects to realize at least $2-3 billion of cost savings per year by the third year and expects the transaction to be accretive to GAAP earnings per share by year two.
Transaction Details and Timing

Under the terms of the agreement, each WBD shareholder will receive $23.25 in cash and $4.501 in shares of Netflix common stock for each share of WBD common stock outstanding at the closing of the transaction. The transaction values Warner Bros. Discovery at $27.75 per share, implying a total equity value of approximately $72.0 billion and an enterprise value of approximately $82.7 billion.

In June 2025, WBD announced plans to separate(opens in a new window) its Streaming & Studios and Global Networks divisions into two separate publicly traded companies. This separation is now expected to be completed in Q3 2026, prior to the closing of this transaction. The newly separated publicly traded company holding the Global Networks division, Discovery Global, will include premier entertainment, sports and news television brands around the world including CNN, TNT Sports in the U.S., and Discovery, free-to-air channels across Europe, and digital products such as Discovery+ and Bleacher Report.

The stock component is subject to a collar under which WBD shareholders will receive Netflix stock valued at $4.50 per share, provided the 15-day volume weighted average price (“VWAP”) of Netflix stock price (measured three trading days prior to closing) falls between $97.91 and $119.67. If the VWAP is below $97.91, WBD shareholders will receive 0.0460 Netflix shares for each WBD share. If the VWAP is above $119.67, WBD shareholders will receive 0.0376 Netflix shares for each WBD share.

The transaction was unanimously approved by the Boards of Directors of both Netflix and WBD. In addition to the completion of the separation of Discovery Global (WBD’s Global Networks business), completion of the transaction is subject to required regulatory approvals, approval of WBD shareholders and other customary closing conditions. The transaction is expected to close in 12-18 months.

Moelis & Company LLC is acting as Netflix’s financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. Wells Fargo is acting as an additional financial advisor and, along with BNP and HSBC, is providing committed debt financing related to the transaction.

Allen & Company, J.P. Morgan and Evercore are serving as financial advisors to Warner Bros. Discovery and Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton LLP are serving as legal counsel.

Webcast

Netflix will conduct a conference call today at 5:00am PT/8:00am ET to discuss the contents of this release. A link to the live webcast of the conference call will be available at https://ir.netflix.net/(opens in a new window).

IMPORTANT INFORMATION AND WHERE TO FIND IT

In connection with the proposed transaction (the “Merger”) between Netflix, Inc. (“Netflix”) and Warner Bros. Discovery, Inc. (“WBD”), Netflix intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (the “Registration Statement”), which will include a prospectus with respect to the shares of Netflix’s common stock to be issued in the Merger and a proxy statement for WBD’s stockholders (the “Proxy Statement/Prospectus”), and WBD intends to file with the SEC the proxy statement. The definitive proxy statement (if and when available) will be mailed to stockholders of WBD. WBD also intends to file a registration statement for a newly formed subsidiary (“Discovery Global”), which is contemplated to own certain assets and businesses of WBD not being acquired by Netflix in connection with the Merger. Each of Netflix and WBD may also file with or furnish to the SEC other relevant documents regarding the Merger. This communication is not a substitute for the Registration Statement, the Proxy Statement/Prospectus or any other document that Netflix or WBD may file with the SEC or mail to WBD’s stockholders in connection with the Merger.

INVESTORS AND SECURITY HOLDERS OF NETFLIX AND WBD ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING NETFLIX, WBD, THE MERGER AND RELATED MATTERS.

The documents filed by Netflix with the SEC also may be obtained free of charge at Netflix’s website at https://ir.netflix.net/home/default.aspx. The documents filed by WBD with the SEC also may be obtained free of charge at WBD’s website at https://ir.wbd.com.

PARTICIPANTS IN THE SOLICITATION

Netflix, WBD and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of WBD in connection with the Merger under the rules of the SEC.

Information about the interests of the directors and executive officers of Netflix and WBD and other persons who may be deemed to be participants in the solicitation of stockholders of WBD in connection with the Merger and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Proxy Statement/Prospectus, which will be filed with the SEC.

Information about WBD’s directors and executive officers is set forth in WBD’s proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on April 23, 2025, WBD’s Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent filings with the SEC. Information about Netflix’s directors and executive officers is set forth in Netflix’s proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on April 17, 2025, and any subsequent filings with the SEC. Additional information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the Merger may be obtained by reading the Proxy Statement/Prospectus regarding the Merger when it becomes available. Free copies of these documents may be obtained as described above.

NO OFFER OR SOLICITATION

This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This document contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Netflix’s and WBD’s current expectations, estimates and projections about the expected date of closing of the Merger and the potential benefits thereof, their respective businesses and industries, management’s beliefs and certain assumptions made by Netflix and WBD, all of which are subject to change. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control and are not guarantees of future results, such as statements about the consummation of the Merger and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the Merger or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the Merger on anticipated terms and timing, including obtaining stockholder and regulatory approvals, completing the separation of WBD’s Global Networks business and Streaming and Studios business, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies, expansion and growth of WBD’s and Netflix’s businesses and other conditions to the completion of the Merger; (ii) failure to realize the anticipated benefits of the Merger, including as a result of delay in completing the transaction or integrating the businesses of Netflix and WBD; (iii) Netflix’s and WBD’s ability to implement their business strategies; (iv) consumer viewing trends; (v) potential litigation relating to the Merger that could be instituted against Netflix, WBD or their respective directors; (vi) the risk that disruptions from the Merger will harm Netflix’s or WBD’s business, including current plans and operations; (vii) the ability of Netflix or WBD to retain and hire key personnel; (viii) potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the Merger; (ix) uncertainty as to the long-term value of Netflix’s common stock; (x) legislative, regulatory and economic developments affecting Netflix’s and WBD’s businesses; (xi) general economic and market developments and conditions; (xii) the evolving legal, regulatory and tax regimes under which Netflix and WBD operate; (xiii) potential business uncertainty, including changes to existing business relationships, during the pendency of the Merger that could affect Netflix’s or WBD’s financial performance; (xiv) restrictions during the pendency of the Merger that may impact Netflix’s or WBD’s ability to pursue certain business opportunities or strategic transactions; and (xv) failure to receive the approval of the stockholders of WBD. These risks, as well as other risks associated with the Merger, will be more fully discussed in the Registration Statement and Proxy Statement/Prospectus to be filed with the SEC in connection with the Merger and the registration statement to be filed with the SEC in connection with the separation. While the list of factors presented here is, and the list of factors presented in the Registration Statement and Proxy Statement/Prospectus will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Netflix’s or WBD’s consolidated financial condition, results of operations or liquidity. The forward-looking statements included in this communication are made only as of the date hereof. Neither Netflix nor WBD assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

1 Reflects a 10% symmetrical collar.

Report: Netflix Teaming With Former WWE Writer For New Wrestling Drama ‘Tuesday Night Titans’

Netflix is looking to step further into the squared circle — this time, with a scripted drama series helmed by a former WWE insider.

According to Deadline, the streaming giant is developing a new pro wrestling-centric show titled “Tuesday Night Titans”, created by ex-WWE writer Michael Notarile, with Jon M. Chu — best known for directing Crazy Rich Asians — attached to executive produce. The series will reportedly dive deep into the personal and professional chaos of the wrestling world, blending gritty drama with the larger-than-life world of sports entertainment.

The premise centers on a television writer who risks her career to get her indie wrestler friend a spot in a major promotion. From there, things spiral into a web of personal demons, backstage politics, and the thin line between fiction and reality in an industry where kayfabe extends far beyond the ring. As Deadline puts it, “kayfabe… bleeds into every aspect of their lives.”

Despite sharing a name with WWE’s old-school talk show from the ’80s, this new Tuesday Night Titans is not connected to the original program. Instead, it promises a fresh, modern look at the inner workings of pro wrestling — not through the eyes of the talent, but from the rarely-explored creative and backstage perspective.

Notarile brings legit experience to the table, having written for WWE from 2013 to 2015. During his stint, he was instrumental in getting The New Day on television — a major creative move that helped launch one of WWE’s most successful modern factions. Post-WWE, Notarile worked on TV dramas like The Cleaning Lady and The Resident, sharpening his storytelling chops outside the wrestling bubble.

Netflix has shown increasing interest in wrestling content in recent years. The platform already carries several WWE programs in international markets — including Raw, SmackDown, NXT, and Premium Live Events — and features titles like Heels, which stars CM Punk, and Wrestlers, the docuseries following Ohio Valley Wrestling.

With Tuesday Night Titans, Netflix appears ready to explore wrestling not just as a spectacle, but as fertile ground for compelling, character-driven drama — and with a WWE veteran steering the creative vision, this could be one of the most authentic scripted looks at the wrestling world we’ve seen yet.

Update On The Expected Runtime For WWE Raw Going Forward

The Netflix era of WWE Raw is officially in full swing, with the company having already aired two episodes of its flagship program on the world’s biggest streaming platform. However, just two weeks in, a major talking point has emerged: the show’s runtime. The debut episode on January 6 clocked in at just over three hours, but the January 13 episode was noticeably shorter, running just two hours and 30 minutes. This has led many fans to speculate whether WWE plans to lock in a specific runtime for Raw going forward or if it will vary week to week.

Triple H’s Vision for the Perfect Runtime

According to a recent report in the Wrestling Observer Newsletter, WWE Chief Content Officer Paul “Triple H” Levesque has a very specific vision for Raw’s runtime. Sources told Dave Meltzer that Triple H believes two hours and 30 minutes is the “sweet spot” for the show—long enough to deliver compelling matches and storylines without dragging on. This vision seems to have directly influenced the January 13 episode, which hit that exact runtime.

However, sticking to this target hasn’t been without challenges. To meet the two-and-a-half-hour mark for the January 13 show, certain segments reportedly had to be cut, including a debut match and post-match promo from Penta. Despite these cuts, it’s unclear whether Netflix imposes strict guidelines on WWE’s runtimes. Meltzer speculated that Netflix may be flexible, as both episodes aired so far have exceeded their planned lengths by a few minutes.

The International Difference

While U.S. audiences are adjusting to Raw’s shorter format on Netflix, international viewers are still being presented with the show as a three-hour broadcast. This is because Raw continues to air on traditional TV networks around the world, where commercial breaks extend the runtime. To accommodate this, WWE has reportedly been filming additional backstage interviews and segments that don’t appear on the Netflix version. These extra scenes help pad the runtime for international audiences while providing content to fill commercial gaps.

What Does This Mean for Fans?

For now, it seems fans in the U.S. will enjoy a more streamlined version of Raw on Netflix, while international viewers will continue to see the full-length three-hour version. Whether this shorter runtime will lead to tighter storytelling and fewer filler segments remains to be seen, but Triple H’s focus on quality over quantity is a promising step.

One thing is certain: as WWE continues to adapt to the streaming landscape, changes like these are inevitable. Whether Raw’s Netflix era ultimately reshapes the entire format of WWE’s programming—or just serves as a platform-specific experiment—remains one of the most intriguing stories to watch in 2025.

WWE RAW Netflix Debut Preview 1/6/2025

WWE Raw makes it’s debut live on Netflix from the Intuit Dome in Los Angeles, CA.

  • Tribal Combat: Romain Reigns vs. Solo Sikoa
  • WWE Women’s World Championship: Liv Morgan (c) vs. Rhea Ripley
  • CM Punk vs. Seth Rollins
  • Jey Uso vs. Drew McIntyre
  • John Cena kicks off his Farewell tour
  • The Rock is expected to appear
  • Becky Lynch is rumored to to making her return

Becky Lynch Featured in WWE RAW on Netflix Trailer as Fans Anticipate Her Return

Former WWE Superstar Becky Lynch made a surprising appearance in the latest trailer for WWE RAW on Netflix, leaving fans buzzing about the potential return of “The Man” to the wrestling world.

Lynch, who stepped away from WWE in June, has dropped hints that her departure may not be permanent, keeping the door open for a future comeback. Her inclusion in the trailer, which aired during the NFL’s Christmas Day coverage, alongside other high-profile Superstars, has reignited speculation about when fans might see her back in action.

WWE RAW is set to debut on Netflix on January 6, featuring an impressive lineup of matches. Notably, CM Punk and Roman Reigns are set to headline the all-star card, promising a thrilling start to this new era of WWE programming.

In addition to RAW, international WWE fans will gain access to an extensive selection of WWE content on Netflix, including SmackDown, NXT, premium live events, and classic footage from the company’s archives.

With Lynch’s involvement in the promotional material and the high-stakes matches scheduled, WWE is kicking off its Netflix partnership with significant momentum. Fans are eager to see what surprises lie ahead as WWE expands its reach on the streaming platform.

Logan Paul Returns At WWE Raw-Netflix Event, Wants A World Title

Logan Paul is back in WWE, and he’s not holding back. Despite teasing retirement after becoming a father, the former United States Champion made a bold return at WWE Raw’s Netflix launch event at WWE headquarters on Wednesday. Paul’s comeback aligns with the red brand’s major move to Netflix, which is set to kick off on January 6.

In typical Logan Paul fashion, the social media sensation-turned-wrestler didn’t shy away from stirring the pot. In a fiery video posted to WWE’s official X account, Paul made it clear that he’s gunning for a top spot and doesn’t plan to ask for anyone’s approval.

“I see the narrative online that I’m a bully,” Paul admitted. “And guess what? I am a bully, and WWE is my playground. I’m not here to take part—I’m here to take over.”

Paul didn’t stop there. With his trademark confidence, he sent a warning to the entire WWE roster, vowing to dominate and take whatever he wants. “Your approval means nothing to me,” Paul said. “Because you’re still watching—and you will stay watching—because you are a spectator, and I am a star. I promise everyone watching: you’re looking at the future WWE World Champion, and his name is Logan Paul.”

Paul’s last WWE appearance was at SummerSlam in his hometown of Cleveland, Ohio, where he fell short against LA Knight in a United States Championship match. Before that, he also lost to Knight in a Money in the Bank qualifying match and came up short against Cody Rhodes at King and Queen of the Ring. Despite those setbacks, Paul seems more determined than ever to climb to the top of WWE.

With Raw heading to Netflix and Paul’s bold declaration to capture a world title, one thing is certain: Logan Paul’s presence in WWE will be impossible to ignore. The question now is, can he back up his words and finally claim championship gold at the very top of the mountain?

Pat McAfee Confirms WWE RAW Return For Netflix Debut

Pat McAfee is making his highly anticipated return to WWE commentary, just in time for RAW’s debut on Netflix this January. The charismatic broadcaster, who stepped away in August to focus on his role with ESPN’s College GameDay, confirmed the news via Twitter following an announcement by Triple H at a Netflix media event earlier this week.

McAfee’s return reunites him with longtime commentary partner Michael Cole, a pairing fans have praised for their energy and chemistry. reflecting his excitement, McAfee wrote on X:

“An absolute honor to be asked back… A childhood dream realized every single time I’m lucky enough to be in an arena with the @WWE Universe.

Can’t wait to be talking into a microphone next to @MichaelCole again.. He’s the [GOAT].

I’m excited to tell the worldwide audience on Netflix how great the WWE Superstars are… and how big of scumbags some of ‘em are too. Let’s go.”

WWE Commentary Meets Netflix

McAfee’s return coincides with a groundbreaking move for WWE, as RAW becomes the first weekly wrestling program to premiere on Netflix. This new platform is expected to broaden WWE’s global reach, offering fresh opportunities to connect with a diverse audience. With McAfee at the commentary table, the broadcast promises to deliver the blend of humor, passion, and sharp analysis that made him a fan favorite.

The McAfee-Cole Dynamic

McAfee’s partnership with Michael Cole has been celebrated for revitalizing WWE commentary. Cole, who has referred to McAfee as a “game-changer,” will no doubt benefit from the return of his high-energy co-host. The duo’s infectious camaraderie and knack for storytelling have added an extra layer of excitement to WWE broadcasts, making their reunion one of the most anticipated aspects of RAW’s Netflix era.

A Warm Welcome Back

Fans and Superstars alike have expressed enthusiasm for McAfee’s return, viewing his unique voice as a perfect fit for WWE’s evolving presence in the streaming world. With his trademark wit and ability to connect with audiences, McAfee’s commentary is set to elevate WWE’s Netflix debut and reintroduce viewers to the magic of Monday night wrestling.

WWE Announces Venue For Raw Netflix Premiere, Advertises Returning Legend And Major Celebrity

The WWE Universe is gearing up for a major shakeup as “WWE Raw” prepares to make its highly-anticipated move to Netflix on January 6, 2025. This marks a new chapter for the flagship wrestling program, and WWE isn’t holding back in making the debut a spectacle.

The first-ever episode of Raw on Netflix will air live from the Intuit Dome in Los Angeles, California. Adding to the excitement, rap superstar Travis Scott is set to appear, a moment that was teased in a big way when WWE’s Chief Content Officer Triple H made a surprise announcement alongside Scott at ComplexFest. The rapper, whose track “FIEN” was previously featured as the theme for WrestleMania 41, was even gifted a custom WWE Hardcore Championship to mark the occasion.

John Cena’s Farewell Tour Kicks Off

Adding even more star power to the debut is the return of John Cena, whose appearance is expected to kick off his much-talked-about farewell tour in 2025. WWE fans will get a chance to say goodbye to the 16-time World Champion as he embarks on what promises to be an emotional final run.

But Cena isn’t the only big name set to make waves on this historic episode. The promotional materials also showcase Roman Reigns, Cody Rhodes, and Bianca Belair, who are currently part of the SmackDown roster. This comes amidst reports of a potential roster shakeup, with Netflix reportedly expressing interest in featuring marquee talent like CM Punk as well. While it’s unclear how the rosters for Raw and SmackDown will look in 2025, it’s safe to say fans should expect some crossover and surprises as WWE adjusts to its new streaming home.

Netflix’s Big Challenge

WWE’s move to Netflix comes at a time when the platform is doubling down on live programming. Just last Friday, Netflix hosted its largest livestream yet—a headline-grabbing fight between Mike Tyson and Jake Paul. However, the event encountered streaming issues due to overwhelming demand, sparking concerns about how Netflix’s infrastructure will handle the massive audience expected for Raw’s premiere. Despite this, Netflix has assured WWE that it’s taking measures to ensure a smooth broadcast.

What This Means for WWE Fans

The Netflix premiere of Raw isn’t just a new chapter for the show—it’s an opportunity to introduce the product to a broader, global streaming audience. With major stars, a potential reshuffling of rosters, and a high-profile celebrity tie-in with Travis Scott, WWE is making a bold statement about the future of its programming.

Make sure to mark January 6, 2025, on your calendar, as WWE promises to kick off this new era with a bang. Will this new platform elevate Raw to even greater heights? We’ll find out soon enough!