WWE Officially Announces New Television Deal With USA Network And FOX Sports

monday-night-raw-usa-network

It was earlier reported that NBCUniversal has renewed its deal with WWE. As per the deal, NBCUniversal will retain Monday Night RAW at three times the current value. However, NBCU didn’t close the deal for SmackDown Live and the blue brand would finally got into the house of FOX who signed a deal with WWE at a record $1 billion for 5 years ($205 million approx. annually).

Now, WWE has officially announced its new television deal with USA Network and FOX Sports.

Here’s a titbit from WWE’s press release:

WWE® Secures Multi-Year Media Rights Deals with USA Network and Fox Sports

STAMFORD, Conn.–WWE (NYSE:WWE) today announced that it has completed landmark agreements with USA Network and Fox Sports, effective October 1, 2019, for the U.S. distribution of WWE’s flagship programs Raw and SmackDown. As part of these five-year agreements, Monday Night Raw will continue to air on USA Network; and Fox Sports will distribute SmackDown Live each Friday on Fox broadcast network. These agreements increase the average annual value (AAV) of WWE’s U.S. distribution to 3.6 times that of the prior deal with NBCU.