Cash Out? FOX Reportedly Losing A Fortune By Airing WWE SmackDown
That’s a lot of money. We are in the middle of one of the most important periods in the history of WWE, as the company may be sold at some point in the near future. That is going to shake things up in WWE in a huge way, likely including when it comes to their television deals. WWE’s television deals are set to expire next year, and it seems one of them is not doing so well.
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According to the Wrestling Observer Newsletter, a Morgan Stanley study found that FOX is losing over $100 million a year by airing SmackDown under the current deal with WWE. In the 2020-21 television season, FOX paid $196.7 million for SmackDown and reported losses of $134 million. In 2021-22, those numbers increased to $208.5 million paid and $145 million in losses.
These losses are expected to get worse in the final two years of the deal. The belief is that there are not enough wrestling fans to make up the difference, as th..