According to PW Insider, WWE is close to finalizing a deal with The CW to broadcast its NXT program, which currently airs on USA and has since 2019. However, WWE s television rights deals are coming up and Raw and NXT are currently without a home once the current deal expires in 2024. Meanwhile, SmackDown will be returning to USA in 2024 in a deal that is worth 1.4 billion dollars.
The report notes that the deal with CW will be about five years in length and is expected to be a significant financial increase for the NXT brand s TV rights. For clarification, The CW covers over 98% of television homes in the United States.
Wrestling Headlines will keep you updated as this is an ongoing story. Stay tuned.