AEW's $185 Million Deal with Warner Bros. Discovery

All Elite Wrestling (AEW) and Warner Bros. Discovery (WBD) have announced a new multi-year media rights deal valued at up to $185 million annually, commencing in January 2025 and running through 2027, with an option for a fourth year. This deal will keep 'AEW Dynamite' and 'AEW Collision' on TBS and TNT, respectively, and introduce live streaming on the MAX platform. AEW pay-per-views will also be available on MAX at a discounted rate later in 2025, marking a significant shift towards digital streaming. The agreement underscores AEW's status as the second-most profitable wrestling company, enhancing its ability to attract and retain top talent through increased pay capabilities. The deal also sees the potential end of 'AEW Rampage' on TNT, as AEW explores additional broadcasting opportunities, including rumored talks with Fox networks for new programming. AEW celebrates this landmark deal amidst the fifth anniversary of 'Dynamite', with various stars expressing optimism about the company's future.