In this episode of the Planet Money Indicator podcast, the focus is on Netflix's new venture into live sports, particularly its impressive $5 billion deal with WWE for exclusive rights to Monday Night Raw and other live events. The discussion dives into why Netflix is branching out from its usual on-demand content, aiming to stay competitive in the crowded streaming landscape. It also touches on the hurdles Netflix faces, such as building the technology needed to support large audiences. With cable TV subscriptions plummeting from over 100 million to just 66 million in ten years, sports leagues are increasingly looking to streaming platforms for their future. While it's unlikely that we’ll see the Super Bowl streaming online in the next five years, major sporting events are expected to make their way to digital platforms soon. The episode wraps up by recognizing the passionate loyalty of pro wrestling fans and the promising opportunities that lie ahead in the streaming world.
