Netflix Buys AEW's TV Network: What Does It Mean For Tony Khan's Promotion? (WWE News)
Technically, AEW and WWE programming just huddled under the same umbrella.
Netflix has filed a joint 519-page proxy statement with Warner Bros Discovery ahead of purchase, and the lengthy document includes some interesting tidbits about the future of AEW programming once the deal goes through. Technically, AEW and WWE programming would fall under the same corporate umbrella once Netflix buys WBD, but there's more to the story than that.
The Hollywood Reporter writes that some of the language in the doc is confusing, but there's a simple explanation awaiting those who have the patience: AEW shows will remain on both TNT and TBS (until at least the end of 2027, or 2028 if a fourth year option in the contract is taken), and programming/pay-per-views will continue as normal via HBO Max.
Basically, AEW shows like Dynamite, Collision and company PPVs won't be heading to Netflix. Tony Khan's product won't be shelved next to WWE flagship Raw or the string of on demand content that's been available internationally through Netflix and has started popping up domestically on the United States version of the streaming behemoth's subscription service.
The long story short here is that nothing much will change in the immediate short term for Khan and All Elite Wrestling. They'll keep producing TV for TNT/TBS/HBO Max, and their pay-per-view business will be unaffected by the Netflix buyout of WBD.
It'll be interesting to see what happens once those TV deals with TNT/TBS expire though. The Netflix purchase of Warner Bros could have some tangible impact on AEW in the future. The state of play in early-2026 will remain as is though.