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It's important to remember that the past year was WWE's most successful year ever financially. I think what the pandemic really has hurt is future plans. NXT has been aiming for huge international expansion but now with covid those plans aren't as secure to take a leap on. With those international expansion's quelled now Vince has gone to development and seen that Triple H has tried to make NXT far more of brand than Vince ever wanted. It would cost a lot of money to expand NXT and push it the way Triple H wanted to.
I see WWE raiding NXT of it's top stars that they see potential in for the main roster and letting the show continue through it's current contract where it may get canceled or severely reduced when it comes to payment for the next tv rights deal. And then perhaps WWE can chose to tac on a bigger charge to Peacock for exclusive rights or figure out another option entirely. Either way I think based on what I've read recently that NXT as a pushed brand is pretty much done.
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