As you may know, WWE and Netflix signed a 10-year deal for the right to air WWE Raw. Netflix has the option to cancel the deal after five years, or add an additional 10 years. Let’s assume that the deal lasts 10 years and WWE gets $500 million per year for Raw. Time for some math.
From a Netflix perspective, there will be 52 or 53 episodes of content per year, depending what day of the week Raw ends up on. That ends up costing $9.61 million or $9.44 million per episode. To compare that with other Netflix shows in recent years, below are the cost per episode of shows with mass and limited viewership.
Stranger Things - $30 million per episode (9) 270