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Netflix places $5bn bet on live streaming with WWE Raw deal

Entertainment giant has dabbled with live events in bid to shore up its dominant position as world’s largest streaming platform

Netflix has unveiled a $5bn push into live television after striking a decade-long deal with World Wrestling Entertainment (WWE) to broadcast the hit wrestling show Raw.

The entertainment giant, which led the on-demand streaming revolution, has dabbled with live events in recent years in a bid to shore up its dominant position as the world’s largest streaming platform.

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