From Nasdaq:

Shares of TKO Group (NYSE: TKO) are up 12.8% as the company signed a lucrative deal with Netflix (NASDAQ: NFLX) to make WWE Monday Night Raw available exclusively in U.S., Canada, U.K., and Latin America starting in 2025. Netflix has agreed to pay WWE around $500 million annually for the next decade, giving a huge boost to investors, but also signaled confidence in TKO Group’s future. Former wrestler Dwayne “The Rock” Johnson joins its board of directors. Plans for the future will happen in 2025 and despite some risk, the entertainment stock continues to rally.



Read more: Why TKO Group Stock Popped 12.8% This Week