Netflix co-Chief Executive Officer Ted Sarandos wants to make one thing clear about the company’s deal to license WWE’s Raw for the next ten years: Professional wrestling isn’t sports. “WWE is sports entertainment,” Sarandos clarified during Netflix’s fourth-quarter earnings conference call. “It’s really as close to our core as you can get in terms of sports storytelling. In terms of the deal itself, it has options and the protections we seek in our general licensing deals, and with economics...