As first reported by Variety, AEW has signed a new multi-year multimedia deal with WBD that is valued at “upwards” of $150 million per year with all elements taken into account. AEW has since confirmed the new on all of their social media platforms.

Warner Bros. Discovery and All Elite Wrestling have reached a multi-year renewal, shoring up the programming of foundational linear networks TNT and TBS and adding streaming simulcasts on Max. Five years ago,

AEW made it official on Wednesday night, announcing a new multi-year and multi-platform television rights agreement with Warner Bro. Discovery as the two celebrate the fifth anniversary of AEW:

Warner Bros. Discovery CEO of U.S. Networks Kathleen Finch praised AEW’s youthful audience, which skews 18-49, as a key driver of the deal. “Nobody can deliver an audience the way AEW can,” she said in an interview.

Warner Bros. Discovery Inc. and All Elite Wrestling renewed their five-year media rights agreement on Wednesday, with the condition that some of AEW’s content will stream live on Warner Bros.’ Max platform.

Warner Bros. Discovery (NASDAQ:WBD) and All Elite Wrestling (AEW) have renewed a multi-year agreement under which WBD’s networks and platforms will continue to show AEW Dynamite on TBS and AEW Collision on TNT,