Megabucks deal for WWE's 'SmackDown Live' would accelerate a big shift at Fox
Posted in: UncategorizedFox and the WWE have hammered out the framework of an expansive rights deal that will bring “SmackDown Live” back to the broadcast airwaves after a nine-year stint on cable.
Insiders with an understanding of the proposed terms of the deal say that upon completion of the necessary legal maneuvering, the “SmackDown Live” showcase will be set to take up residence on Fox’s Friday night broadcast schedule starting October 2019.
Sources with insight into both camps confirmed that the deal was in the works but could not speak to the amount of cash that would trade hands if the contract is signed. The Hollywood Reporter on Monday published an account that valued the transaction at a little north of $1 billion for five years, or $205 million per year. If those numbers hold up, the “SmackDown” fee will mark a threefold increase over what NBCUniversal is currently paying to carry the package on USA Network.