Fox, WWE Close Five-Year Deal for 'SmackDown' Reportedly Worth $205M Per Year

Fox and WWE announced Tuesday that it will be the new broadcasting home of WWE Smackdown Live.

Fox and WWE announced Tuesday that it will be the new broadcasting home of WWE Smackdown Live.

The five-year agreement will begin Oct. 4, 2019, giving the network two hours of live event programming 52 weeks each year. According to The Hollywood Reporter, the deal is worth $205 million annually and is worth $1.025 billion over the five years. 

"Fox and WWE are a perfect match," WWE chairman and CEO Vince McMahon said in a statement. "Moving SmackDown Live to broadcast TV and having the ability to leverage Fox’s extensive portfolio of world-class sporting events will expand the reach of our flagship programming."

NBC and WWE also closed a five-year extension Tuesday to continue showcasing Monday Night Raw on USA Network. That deal is reportedly worth $265 annually, according to the Reporter.

Smackdown Live has been on air for almost 20 years and nearly 1,000 episodes.