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☆ Mike Tyson and Jake Paul are going to box live on Netflix. Here's how a heavyweight champion and a YouTuber-turned-boxer ended up fighting.
▼ + stars: | 2024-11-15 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Boxing Hall of Famer Mike Tyson is coming out of retirement to fight YouTuber-turned-boxer Jake Paul. AdvertisementMike Tyson will fight Jake Paul in Netflix's first-ever professional sports livestream on Friday. Jake Paul made a deal with Netflix and then got Mike Tyson involvedMike Tyson will come out of retirement to face Jake Paul. Advertisement"The old generation of boxing with the new generation of boxing all being mixed into one," Jake Paul said. "I'm here to make $40 million and knock out a legend," Jake Paul said at a press conference in August.

Persons: of Famer Mike Tyson, YouTuber, Jake Paul, —, Mike Tyson, Tyson, Jake Paul's, YouTube Jake Paul, Cooper Neill, Logan Paul, Paul, Joe Weller, Deji, KSI, Talksport, influencers, Tommy Fury, Floyd Mayweather Jr, Nakisa Bidarian, Mike Angel, Netflix Tyson, Roy Jones Jr, Nate Robinson, Jimmy Kimmel, Gabe Spitzer, Mike, Netflix's livestream, Tyson's, Katie Taylor, Amanda Serrano Organizations: of Famer, Netflix, Service, The New York Times, WWE, NFL, Boxing Hall of Famer, YouTube, UFC, Boxing, ESPN, T, USA, Texas Department Locations: Netflix's, KSI, British, Arlington , Texas

☆ Netflix has a plan to keep you paying for your subscription
▼ + stars: | 2024-07-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Football, wrestling and immersive experiences: This year, Netflix has expanded beyond its usual scripted and reality TV offerings. In May, Netflix disclosed that it has 40 million monthly active users on its new ad-supported subscription tier, a jump from 23 million in January. The deal kicks off this year with Netflix globally airing two NFL games on the holiday. But sports aren’t the only way Netflix is trying to expand its footprint. “It should help retain those customers and keep them in the Netflix ecosystem and paying for their subscriptions for longer,” he said.

Persons: Tim Nollen, ”, ” Nollen, Peacock, David Joyce Organizations: CNN — Football, Netflix, Disney, Warner Bros, Macquarie, NFL, WWE, Dallas Galleria, Seaport Locations: Philadelphia

☆ Netflix is the dominant streaming service. So why is it changing its model?
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling. But much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radically reinvent that business. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but that paid off. Netflix’s reinventionFor Netflix, last month’s Oscars were a disappointment: Though the streaming service led its rivals in nominations, it took home just one award, for best live-action short film.

Persons: Peacock, ”, Ross Benes, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, “ I’m, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, eMarketer, United States

☆ Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday. In total, Netflix now has 269.6 million subscribers, a record high. In recent months, Netflix has made moves to expand and even radically reinvent its business in an effort to juice profit. In January, Netflix announced it had acquired the exclusive rights to "WWE Raw" live, currently seen on Comcast's USA cable network. In January, Netflix’s president of advertising, Amy Reinhard, shared that Netflix’s ad-tier had more than 23 million users.

Persons: ”, eMarketer, Ross Benes, Wall, Peacock, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, United States

☆ Logan Paul’s Prime becomes WWE’s first-ever logo to appear on its wrestling ring mats
▼ + stars: | 2024-03-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —WWE and Logan Paul’s Prime have struck a “record-setting” deal to feature the sports drink as the first-ever brand logo to appear in the center of the wrestling mat. Notably, the deal is for Prime Hydration and not for its energy drink, Prime Energy, which riled up some US lawmakers last year for its high caffeine content. In January, Netflix acquired the exclusive rights to “WWE Raw,” currently seen weekly on Comcast’s USA cable network. However, controversy surrounded the company when disturbing allegations of sexual assault, trafficking and physical abuse against WWE founder Vince McMahon came to light. McMahon, who has denied the accusations, resigned from the company a few days later.

Persons: Logan, ”, Paul, Jake, “, Bud Light, Mat, Dwayne “, ” Johnson, Vince McMahon, McMahon Organizations: New, New York CNN, WWE, Bank, Prime Energy, UFC, Modelo, Netflix, Comcast’s USA Locations: New York, ”

☆ Paul ‘Triple H’ Levesque makes public comments after WWE employee’s sex trafficking accusations against Vince McMahon
▼ + stars: | 2024-01-28 | by ( Elisabeth Buchwald | Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Paul “Triple H” Levesque, the chief content officer at World Wrestling Entertainment, made his first public comments after Vince McMahon resigned Friday from the board of WWE’s parent company, TKO Group Holdings, in the wake of a former employee’s lawsuit accusing McMahon of sex trafficking, sexual assault and physical abuse. The horrifying allegations against McMahon were brought forward by Janel Grant, who worked at WWE’s headquarters. Grant alleged McMahon promised a job — and later promotions — at WWE in exchange for sex. Grant’s lawsuit also includes allegations McMahon trafficked her to other men inside and outside the company, including John Laurinaitis, a former wrestler who worked in the company’s talent relations department. The deal valued the newly combined company at over $21 billion, with WWE shareholders owning 49% of the combined company.

Persons: New York CNN — Paul “, New York CNN — Paul “ Triple H ” Levesque, Vince McMahon, McMahon, WWE’s, Levesque, McMahon’s, ” Levesque, he’s, Janel Grant, Grant, —, John Laurinaitis, Laurinaitis, Ari, Cody Rhodes, Dwayne “, ” Johnson, Samantha Delouya, Elizabeth Wagmeister, Jordan Valinsky Organizations: New, New York CNN, New York CNN — Paul “ Triple, World Wrestling Entertainment, Holdings, WWE, Endeavor, UFC, Netflix Locations: New York, St . Petersburg , Florida, WWE’s, Laurinaitis, Hollywood

☆ Vince McMahon, WWE founder, resigns amid sex trafficking allegations
▼ + stars: | 2024-01-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Vince McMahon has resigned from his role as executive chairman of TKO, the parent company of WWE, following disturbing allegations of sexual assault, trafficking and physical abuse. In the lawsuit, Grant alleged that McMahon dangled a job offer at WWE – and later promotions – in exchange for sex. McMahon engaged in acts of “extreme cruelty and degradation” toward Grant during her time at WWE, the lawsuit alleged. He initially retired from his role as CEO and chairman of WWE in July 2022 amid allegations of sexual misconduct. The investigation was closed in November 2022 and McMahon returned to WWE’s board in January 2023.

Persons: Vince McMahon, Janel Grant, behemoth McMahon, McMahon, ” McMahon, Grant, John Laurinaitus, Nick Khan, ” Khan, “ McMahon, ” McMahon’s, Grant’s, Ari, “, Ann Callis, McMahon’s, Dwayne “, ” Johnson, ”, Johnson Organizations: CNN, WWE, UFC, Hollywood, Ari Emanuel’s Endeavor Group, Netflix Locations: Laurinaitis

☆ Vince McMahon accused of trafficking former WWE employee in new lawsuit
▼ + stars: | 2024-01-25 | by ( Samantha Delouya | Jordan Valinsky | ) edition.cnn.com time to read: +8 min

CNN —A former WWE staffer has accused the company’s founder, Vince McMahon, of sexual assault, trafficking and physical abuse in a lawsuit filed Thursday. In a statement, WWE’s parent company, TKO Group Holdings, said McMahon does not control TKO or oversee day-to-day operations at WWE. Led by McMahon, WWE and UFC, a mixed-martial arts entertainment competitor, announced in April 2023 that they would combine to form TKO. Lawsuit details disturbing allegationsAccording to the lawsuit, Grant was introduced to McMahon in 2019 when she was looking for work. The lawsuit also detailed an alleged sexual assault among Grant, McMahon and Laurinaitis that occurred at WWE’s headquarters in 2021.

Persons: CNN —, Vince McMahon, Janel Grant, McMahon, Grant, –, John Laurinaitis, ”, WME, Ann Callis, “, ” Callis, Mr, ” McMahon, Ari, Dwayne “, ” Johnson, Johnson Organizations: CNN, WWE, UFC, ” WWE, Endeavor, Netflix Locations: Connecticut, McMahon’s, Laurinaitis, Hollywood

WWE's weekly television show “Raw” will move to Netflix next year as part of a major streaming deal. “Raw,” which debuted in 1993, has produced 1,600 episodes to date and features wrestlers such as Cody Rhodes, Becky Lynch, Seth Rollins and Rhea Ripley. “We are excited to have WWE Raw, with its huge and passionate multigenerational fan base, on Netflix,” Chief Content Officer Bela Bajaria said in a prepared statement. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025. This will be the first time that WWE will air on the network in prime time.

Persons: “, Cody Rhodes, Becky Lynch, Seth Rollins, Rhea Ripley, Bela Bajaria, Mark Shapiro, ”, Dwayne “, ” Johnson, Johnson Organizations: Netflix, USA Network, WWE, Punk, Holdings Inc, World Wrestling Entertainment Inc, NBCUniversal, NBC Locations: U.S, Canada, America, Fox

☆ WWE deal doesn't mean Netflix will invest more in sports, co-CEO says
▼ + stars: | 2024-01-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

After Netflix and WWE parent company TKO Group announced the deal Tuesday morning, it sparked questions about whether Netflix would try to buy streaming rights for one of the major sports leagues. Netflix paid more than $5 billion for 10 years of WWE's Raw and other international programming. Sarandos called the WWE Raw deal "the inverse of Formula 1," as WWE is popular in the U.S. and has a relatively small international audience. "We can build [WWE] like we have with Formula 1 through our shoulder programming," Sarandos said. The move to pay a giant rights deal is a clear shift for Netflix.

Persons: Dwayne, Johnson, John Cena, Ted Sarandos, Sarandos, WWE's, Mark Douglas Organizations: Life, Netflix, WWE, National Basketball Association, NBA, CNBC Locations: Miami Gardens , Florida, U.S

☆ Dwayne ‘The Rock’ Johnson scores mega payday to join the WWE’s board
▼ + stars: | 2024-01-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

He also secures full ownership of his stage name, “The Rock,” as part of the deal. I’ve been there, I’m still there and this is for them.”The TKO board now has 13 members, following Tuesday’s appointment of Groupon co-founder Brad Keywell as well. “Very few people on the planet understand the convergence of sports, entertainment, media, and business like Rock,” Vince McMahon, executive chairman of TKO’s board said. The show will begin streaming live January 2025. WWE had an early foray into the streaming business but largely failed to win enough subscribers to support itself.

Persons: New York CNN — Dwayne “, ” Johnson, , Johnson, Johnson’s, I’ve, I’m, Groupon, Brad Keywell, ” Vince McMahon, ”, Mark Shapiro Organizations: New, New York CNN, Holdings, WWE, UFC, Netflix, ZOA Energy, Seven Bucks, United Football League, World Wrestling Entertainment, Endeavor Group, Endeavor, Comcast’s USA, NBC Locations: New York

☆ Netflix is winning the streaming wars. The new numbers are in — and it's not even close.
▼ + stars: | 2024-01-23 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

The dominant streamer now has more than 260 million global subscribers. The dominant streamer just had its best Q4, adding 13.1 million global subscribers for a total of more than 260 million. This growth widens its lead over newer competitors like Disney+, its closest streaming rival, which trails far behind with 150 million global subscribers. AdvertisementAnd while not every title is a hit, Netflix has enough that it's reached utility status with subscribers. Analysts have questioned how much more growth Netflix can get out of its cheaper ad tier and password-sharing crackdown.

Persons: —, Scott Stuber Organizations: Netflix, Disney, Service, Nielsen, Amazon's, Wall Street Journal, WWE

☆ Earnings report: Netflix releases their fourth quarter numbers as their stock jumps
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Netflix announced a major boost in sign-ups in the fourth quarter on Tuesday. The company added more than 13 million subscribers for the quarter, compared to Wall Street’s expectation of 8.7 million. While Netflix added 1.2 million paid subscribers in the fourth quarter in the US, much of the strongest subscriber growth came internationally from Europe and Asia. The company posted revenue of $8.8 billion for the fourth quarter but came short of Wall Street’s expectations for earnings-per-share at $2.11, according to Factset estimates. The fourth quarter also saw a big expansion in Netflix’s video game offering.

Persons: Amy Reinhard, Netflix’s, “, we’ve, We’re Organizations: CNN, Netflix, Gaming, WWE, USA, Formula, Theft Locations: Europe, Asia

☆ Netflix shares pop 10% as streamer adds 13.1 million subscribers, tops revenue estimates
▼ + stars: | 2024-01-23 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Netflix now has 260.8 million paid subscribers, a new record for the service, it said when it reported quarterly results after the bell Tuesday. The subscriber growth easily tops the 8.76 million paid membership adds Netflix reported in the third quarter. The company also blew past Wall Street's fourth-quarter expectations of 8 million to 9 million. The company posted revenue of $8.83 billion for the quarter, up from $7.85 billion in the year-ago quarter. That's up from 15 million that the company reported in November.

Persons: Wall, We're, foresees, Amy Reinhard, it's, Greg Peters, Peters Organizations: ANGELES, Netflix, Wall, LSEG, U.S ., WWE Raw, Investors, Variety Entertainment, CES

☆ WWE to bring back 'SmackDown' to NBCUniversal's USA Network
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Apr 2, 2023; Inglewood, CA, USA; L to R; Solo Sikoa and Roman Reigns and Paul Heyman and during Wrestlemania Night 2 at SoFi Stadium. Mandatory Credit: Joe Camporeale-USA TODAY Sports/File Photo Acquire Licensing RightsSept 21 (Reuters) - WWE's "Friday Night SmackDown" will be back on USA Network late next year, after the wrestling company struck a new partnership deal with Comcast's (CMCSA.O) NBCUniversal to air more shows. WWE, part of TKO Group (TKO.N), will also produce four primetime specials per year for NBC as part of the five-year deal. "With Friday nights on USA, primetime specials on NBC, and the WWE hub on Peacock, we'll continue to use the power of our portfolio to super-serve this passionate fanbase," NBCUniversal Entertainment Chairman Frances Berwick said. USA Network is currently home to "WWE NXT" and "WWE Raw".

Persons: Sikoa, Paul Heyman, Joe Camporeale, we'll, Frances Berwick, Samrhitha, Saumyadeb Chakrabarty, Anil D'Silva Organizations: USA Network, WWE, NBC, Thomson Locations: Inglewood , CA, USA, SoFi, Bengaluru

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