REPORT: NEW WWE SMACKDOWN DEAL WORTH ONE BILLION DOLLARS (NOT A TYPO)
By Mike Johnson on 2018-05-21 14:00:00
The Hollywood Reporter is reporting that the WWE's deal with FOX to bring Smackdown Live there starting October 2019 is a five year pact worth one billion (with a capital "B") dollars.
That would work out to $205 million per year and is thee times more than the company was getting for the series on the USA Network. USA Network will be retaining Monday Night Raw, according to reports.
The Wrap is reporting the Smackdown series will be moving to Fridays, which given the amount of money that is being thrown around, pretty much means the company is going live on Fridays.
Say you want about Professional Wrestling, but Vincent Kennedy McMahon knows business and how to make money.