Kemo
11-08-2023, 06:53 PM
WWE NXT will move from USA Network to the CW Network in October 2024 as part of a five-year agreement. We have some details regarding how much that deal is worth.
NXT is the latest show to join the CW's expanding lineup, which already includes LIV Golf and ACC football and basketball games that air on Saturdays. The network will broadcast 52 live weekly events throughout the season. The five-year agreement marks the first time in its 13-year history that WWE's developmental show featuring the up-and-coming Superstars will air on a broadcast television network.
Financial terms of the CW’s NXT deal is reportedly double the $15 million a year price tag of the current contract. However, Brandon Thurston reported the new deal is worth $25.5
PWInsider reported that the deal was worth "in the area" of $35-$37 million a year. The outlet didn't confirm that number but internally, the belief is WWE were getting $15 million a year from NBC Universal for the NXT series.
The outlet further noted that "the plan is for the show to be live weekly, but if needed from time to time, they can always tape." The current plan is to have NXT on Tuesday nights but WWE is "always open to conversations" if the network desires.
Meanwhile, in September, TKO announced that WWE and NBCUniversal agreed to a five-year domestic media rights deal. This would bring Friday Night SmackDown to USA Network, also starting in October 2024, exiting its current home on Fox. That deal is said to be worth $200 million. On the other hand, it is unknown when the deal is up for WWE's flagship show, WWE Raw, which airs on Mondays on USA Network.
NXT is the latest show to join the CW's expanding lineup, which already includes LIV Golf and ACC football and basketball games that air on Saturdays. The network will broadcast 52 live weekly events throughout the season. The five-year agreement marks the first time in its 13-year history that WWE's developmental show featuring the up-and-coming Superstars will air on a broadcast television network.
Financial terms of the CW’s NXT deal is reportedly double the $15 million a year price tag of the current contract. However, Brandon Thurston reported the new deal is worth $25.5
PWInsider reported that the deal was worth "in the area" of $35-$37 million a year. The outlet didn't confirm that number but internally, the belief is WWE were getting $15 million a year from NBC Universal for the NXT series.
The outlet further noted that "the plan is for the show to be live weekly, but if needed from time to time, they can always tape." The current plan is to have NXT on Tuesday nights but WWE is "always open to conversations" if the network desires.
Meanwhile, in September, TKO announced that WWE and NBCUniversal agreed to a five-year domestic media rights deal. This would bring Friday Night SmackDown to USA Network, also starting in October 2024, exiting its current home on Fox. That deal is said to be worth $200 million. On the other hand, it is unknown when the deal is up for WWE's flagship show, WWE Raw, which airs on Mondays on USA Network.