WWE and UFC parent's stock, TKO, rockets after deal to show ‘Raw' only on Netflix
Shares of TKO Group Holdings Inc. soared toward a record gain Tuesday, after the parent of World Wrestling Entertainment and Ultimate Fighting Championship announced a deal with Netflix Inc. in which WWE’s “Raw” program will be shown exclusively on the streaming service.The deal marks a major shift in programming as the weekly “Raw” program will leave linear TV for the first time since its inception 31 years ago.“This deal is transformative,” said TKO Chief Operating Officer Mark Shapiro. “It marries the ca ...