Shares of TKO Group Holdings, Inc. (TKO) are climbing more than 21 percent on Tuesday morning trade after the company said its integrated media organization WWE signed a long-term partnership with Netflix (NFLX) to bring Raw to the entertainment service.
As part of the agreement, Netflix will become the home for all WWE shows and specials outside the U.S. as available.
Currently, shares are at $91.88, up 8.09 percent from the previous close of $85.02 on a volume of 6,804,083.
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