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Warner Bros. Discovery and All Elite Wrestling (AEW) announced a multi-year renewal of their partnership with an expansive multi-platform media rights agreement. WBD’s networks and platforms will remain the exclusive home of AEW Dynamite (Wednesdays on TBS) and AEW Collision (Saturdays on TNT), with enhanced distribution rights across social platforms as well as building opportunities for additional AEW programming for linear and digital platforms in the future.
Sports Business Journal reports, “The deal is estimated to be valued at $170M annually including the rights fee and other elements. WBD also keeps its equity stake in AEW, but the size of it was not disclosed.”
Additionally, all AEW Dynamite and AEW Collision programming starting January 2025 will stream live exclusively on Max for US subscribers. All AEW programming airing on WBD’s networks will also be available to stream on demand on Max.
The two companies will also team up to distribute AEW live pay-per-view events on Max. A company release said AEW PPV distribution on Max will begin later in 2025, with additional information and pricing to be shared in the coming months.
“Tony Khan and the entire AEW team have been incredible partners, and we are thrilled to strike this expanded agreement to deliver amazing new AEW content and stories to TNT and TBS, as well as bring the thrilling live action to Max for the first time,” said Kathleen Finch, Chairman and CEO of US Networks, WBD in a release. “We are focused on creating fresh and authentic experiences for AEW’s passionate and engaged fanbase while also introducing them to our growing lineup of high-action sports and entertainment at TNT and beyond.”
“We are honored to announce the extension of our incredible partnership with Warner Bros. Discovery,” said AEW CEO, GM and Head of Creative Tony Khan in the release. “This extension continues the tradition of iconic wrestling events broadcast on TBS and TNT, while also establishing a new legacy for AEW through weekly live streams on Max for years to come. We thank David Zaslav, Kathleen Finch and everyone at WBD for their tireless support of All Elite Wrestling since its inception, as well as the AEW fans, talent and staff that helped make this possible.”
