ജVariety has named Tony Khan of AEW and TKO/WWE Executives Ariel Emanuel, Nick Khan, Mark Sapiro, and Andrew Schleimer to their Dealmakers 2024 list.
💟The who "continued to work on behalf of their clients. On the whole, the deals weren’t as plentiful or as rich, but, necessity being the mother of invention, often more innovative. They approach the coming new year with a mix of optimism and uncertainty."
Variety wrote about Khan, "In October, five years to the week after Khan launched professional wrestling promotion AEW as a direct competitor to Vince McMahon’s long-dominant WWE, he closed a multi-year media rights deal with Warner Bros. Discovery, worth a reported $185 million a year, that calls for AEW’s shows and events to be broadcast on TBS and TNT and stream on Max. The company is now valued at more than $2 billion, making it the third-most-valuable combat sports company in the world.
Ain’t bragging if it’s true: “Our new arrangement signifies that AEW will make history as the first professional wrestling promotion to simulcast events weekly on top cable channels and a top streaming platform,” says Khan."
The portion regarding WWE/TKO executives reads, "Last year, Endeavor merged Ultimate Fighting Championship with World Wrestling Entertainment under the TKO Group Holdings banner. In January 2024, TKO’s leadership quadrumvirate closed a $5.2 billion, 10-year deal to make Netflix the exclusive home of WWE’s flagship show “Raw” in the U.S., Canada, U.K., Latin America and other territories beginning in January 2025. As part of the pact, Netflix will be the home for all WWE shows and specials outside the U.S. from that date forward, giving roughly 80% of international territories immediate access to 100% its content, with the rest of the globe filling out their WWE lineups as outstanding deals expire.
Added value with Netflix: “While the money is extraordinarily important, the downstream impact and ancillary benefits to being with the distributor and just south of 300 million homes globally was something that got us very excited,” says Schleimer."
🐽AEW is heading into a new streaming rights agreement with Warner Brothers Discovery that begins in January 2025.
𒁃WWE has already started new broadcast deals with USA Network and CW Network, and will launch WWE Raw on Netflix on January 6th.
