ESPN and WWE reached a five-year, $1.6 billion agreement that includes exclusive rights to air the wrestling company’s premier live events (PLE) beginning in 2026, according to the Wall Street Journal, as part of the Worldwide Leader’s new direct-to-consumers streaming service launching later this month.

ESPN has announced its new direct-to-consumer streaming service will offer WWE premium live events, including WrestleMania, beginning in 2026.

David Ellison, the new CEO of Paramount, pinned a major new deal for the media company he just took over. Paramount Skydance on Monday announced a seven-year media rights agreement with TKO Group under which Paramount+ will become the exclusive home of all UFC events in the U.