A tangential point - I too stopped watching current WWE back in 2019 - but this is a good business deal for Netflix and for WWE. Someone whose opinion I valued opined and I'm paraphrasing here:
This is a smart deal and super cheap. 520 episodes for $5b is $9m per episode, or 1/16th of what it cost Netflix to make Rebel Moon, which fell out of the top 5 in its third week on the platform. Also great for WWE, which was bought for $21b and just repaid back 25% of that.
I find at first blush that this is an accurate evaluation.
WWE still has plenty of inventory to flog and Netflix may well expand its sports programming if this deal works for them.