Thursday, March 28, 2024
NewsBreaking Report - WWE-FOX Deal Is For 5 Years And $1 Billion

Breaking Report – WWE-FOX Deal Is For 5 Years And $1 Billion

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UPDATE: According to Sean Ross Sapp of Fightful.com as well as the Hollywood Reporter, the WWE-FOX deal for SmackDown! Live to air on the network is a five-year, one billion dollar deal.

The new deal, which is nearing completion, is expected to begin in October 2019, and will mark a three-fold increase over what NBCUniversal is currently paying.

We’ll have breaking updates on this story throughout the afternoon.

ORIGINAL: Darren Rovell of ESPN is reporting that the WWE has agreed to make Fox the new home of SmackDown Live in October 2019 with what was described as a “massive” offer.

According to Matthew Beloni, Editorial Director of The Hollywood Reporter, Raw would be remaining on the USA Network and getting as much as three times its current rate from the cable network, but NBC intends to let SmackDown Live go. Thus, WWE will have to find a new home for SmackDown Live.

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