As first reported by The Hollywood Reporter, WWE and FOX have agreed to a 5-year deal which would have WWE’s SmackDown Live programming to FOX’s main network beginning in October 2019.
The deal currently is said to be worth $205 million annually, making the deal worth over $1 Billion. This would be a three-fold increase from what NBC Universal currently pays, which is somewhere in the $30 million range. As of this afternoon, The Street reported that WWE’s shares were up “a whopping 13%”.
There is added speculation that the move would require SmackDown Live to be moved back to Friday nights as well.
For more updates on this massive TV deal and other WWE/Pro-Wrestling topics, be sure to stay tuned to The Game Changer Sports Network!
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