Netflix is Getting ‘Slammed’ in a Good Way
Vol. 2 - 1/24/24 A Quick Byte: Netflix + WWE + Password Crackdown = $$$
Netflix + WWE exclusivity deal in their “live tv” expansion
Netflix and WWE sign a deal for exclusivity beginning in 2025
Stock Byte: NFLX 0.00%↑ TKO 0.00%↑
Image and Source credit: Netflix to Become New Home of WWE 'Raw' Beginning 2025 - About Netflix
“January 2025, Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America, among other territories”
They are live every week and have made over 1600 episodes
“helped launch the careers of Dwayne “The Rock” Johnson, “Stone Cold” Steve Austin, Triple H, John Cena, Roman Reigns, Bianca Belair and Charlotte Flair. “
“No. 1 show on USA Network, where it brings in 17.5 million unique viewers over the course of the year. One of television’s best performing shows in the 18-49 advertising demographic”
“WWE’s TV-PG programming can be seen in more than 1 billion homes worldwide in 25 languages through world-class distribution partners including NBCUniversal, FOX Sports, TNT Sport, Sony India and Rogers.”
Netflix subscribers are slamming that subscribe button. Cha-ching!
Stock Byte: NFLX 0.00%↑
Source: WSJ - Netflix Delivers Another Smackdown, MSN
Fourth Quarter 2023 Netflix stocks jumped up 42% in the last three months
“added 13.1 million net new paid subscribers—50% more than Wall Street had projected, and the most the company has ever added in a single quarter save for the first quarter of 2020, when the Covid-19 outbreak sent the masses running home to their TV sets.”
Their crackdown on sharing of passwords and accounts was a huge success which was what really fueled the company’s recent growth. Their incorporation of new “live” programming is also a new campaign. We are basically back at cable tv days with all of these subscriptions trying to hoard the content.
“Netflix ended the year with 260.28 million subscribers, up almost 13% from a year earlier” - MSN
“Revenue increased 12.5% from a year earlier, to $8.8 billion in the final quarter of 2023, beating its expectations. Net profit for the period rose to $938 million, missing the company’s forecast of $956 million.”