ESPN is paying an average of $325 million per year for five years of WWE's premium live events, including WrestleMania, SummerSlam and Royal Rumble.

ESPN and WWE reached a five-year, $1.6 billion agreement that includes exclusive rights to air the wrestling company’s premier live events (PLE) beginning in 2026, according to the Wall Street Journal, as part of the Worldwide Leader’s new direct-to-consumers streaming service launching later this month.

If you're a Peacock subscriber used to watching WWE programming on the streamer, you're going to need to shift to ESPN's $29.99 per month service (much more expensive than Peacock, which can be had for as little as $10.99).