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In the UK you need to subscribe to TNT Sport, for £20 a month, to watch RAW and Smackdown. Then the network for £10 a month to watch PLEs and NXT.
With the new deal, I can sub to Netflix for £5, and watch all current and new WWE stuff.
In the UK at least, I think this deal is going to work really well for the fed. Everyone has a Netflix account, compared to the few who pay specifically for a TNT Sports account and a WWE Network account.
