Monday, August 31, 2026
The FOS App Launches September 1 Pre-save on the App Store Today

NBC’s $1B WWE Bet

Scott Utterback

Peacock is spreading its wings.

NBCUniversal’s fledgling streaming service struck a deal for exclusive rights to World Wrestling Entertainment content. The five-year deal is valued at more than $1 billion, a source told The Wall Street Journal. 

WWE will shut down its WWE Network streaming service in the U.S. in mid-March and instead license the content to Peacock.

  • WWE Network is adding 1.2 million subscribers to Peacock’s 26 million. 
  • Peacock subscriptions start at $4.99 per month and will include content like “WrestleMania” and “WWE Icons.” The commercial-free “premium” version costs $9.99 per month. 

One of the key things we’re trying to do is differentiate ourselves through live events and sports, and this premium content is a cornerstone of our strategy,” said Rick Cordella, executive vice president and chief revenue officer at Peacock.

NBC Sports Gold IndyCar TrackPass content is moving to Peacock as well, the latest in a string of sport-specific Gold passes that have been rolled into the service.

Peacock is also getting its own golf betting companion show — the first for a PGA Tour event, in partnership with PointsBet. The show, titled NBC Sports Edge BetCast, will be available on Peacock Premium starting Feb. 4.

The moves come after NBC’s announcement that it will shut down NBC Sports Network by the end of the year — a decision intended to bolster Peacock as it competes with giants like Netflix and Disney+.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

PGA Tour Revamping Fan Code of Conduct Amid Betting Concerns

Several players have raised concerns about sports betting’s impact on the game.

Scheffler Breaks Tiger’s PGA Tour Earnings Record, Wins FedEx Cup

Scheffler has led the Tour in prize money for five consecutive seasons.
First at FOS

Good Good Golf Pulls Out of PGA Tour Sponsorship

The Austin event was to be called the Good Good Championship.
podcast thumbnail mobile
Front Office Sports Today

A Conversation with Hall of Fame Coach Geno Auriemma on the UConn Dynasty and NIL Chaos

0:00

Featured Today

Aug 3, 2026; Washington, D.C., USA; Alexandra Eala (PHI) kisses the championship trophy during the trophy ceremony after her match against Jessica Pegula (USA) (not pictured) in the women's singles final of the 2026 Mubadala DC Open at Rock Creek Park Tennis Center. Mandatory Credit: Geoff Burke-Imagn Images

How Alex Eala Turned the Philippines Into a Tennis Nation

A December homecoming match could break tennis’s attendance record.
August 26, 2026

Deshaun Watson Has Done the Impossible: Unite Browns Fans

Watson was named the starter after complaining boos were “personal.”
August 23, 2026

Dan Snyder ‘Invisible’ in NFL Three Years After Commanders Sale

Snyder has had little to no contact with former NFL associates.
Soccer Football - Premier League - Arsenal v Burnley - Emirates Stadium, London, Britain - May 18, 2026 Arsenal's Kai Havertz scores their first goal past Burnley's Max Weiss
August 21, 2026

Why the Premier League’s Star-Power Shortage Doesn’t Matter

The world’s richest soccer league doesn’t rely on big stars to dominate.
August 12, 2026

Trendy Golf Hat Divide Is More Than a Fashion Fight

As golf has gotten trendier, so has the sport’s style.
Exclusive

US Open Signs Exclusive Deal With Kalshi

The surprise deal was reached just ahead of this year’s main draw.
Huddle in the Hamptons
August 4, 2026

Why Investors Want to Bring Athletes Into Ownership Groups

LeBron James and Tom Brady have ownership stakes in multiple sports teams.
Varsity Brands
August 13, 2026

Varsity Brands CEO on PE Ownership and the Business of Cheer

Varsity includes a cheerleading business and an athletic apparel division.
Sponsored

Kerri Walsh Jennings’s Playbook for the Future of Volleyball

The former gold medalist talks NCAA, the Olympics, & investing in volleyball.
Jan 8, 2024; Houston, TX, USA; Adam Schefter talks on a set before the 2024 College Football Playoff national championship game between the Michigan Wolverines and the Washington Huskies at NRG Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports
July 31, 2026

Schefter Among Early Investors to Cash In on Underdog Sale

Schefter first invested in Underdog in 2021.
At Five Points Sports Bar, in Levittown, Philadelphia Eagles fans watch first quarter action, in Super Bowl LVII, in Arizona, on Sunday, Feb. 12, 2023.
July 31, 2026

NFL Sunday Ticket Will Still Be Available by Satellite at Sports Bars

DirecTV’s previous deal expired after the 2025 NFL season.
Underdog Fantasy
July 30, 2026

Underdog Sold to U.K.’s IG Group in Potential $2.15B Deal

IG Group is making a big bet on Underdog’s prediction-market business.
Marques Colston
July 30, 2026

Marques Colston: Why Everyone Is Buying Into Soccer Clubs

Colston’s The Champion Fund invested in Ipswich Town.