That’s pretty narrow.
To say it wasn’t popular enough dismisses their paid attendance from House shows and Takeovers. To say they couldn’t sell tickets doesn’t account for the Performance Centre model being constrictive. NXT didn’t have a chance to develop as a road brand even akin to IMPACT, running in a small, then mid-sized venture to develop as a touring band.
AEW is rarely running buildings with even a 10K capacity. And, they’re doing this because it takes time to develop a premium touring brand. Again, something NXT didn’t even have a chance to do.
So, your argument has several logical fallacies, you’re saying “Vince didn’t like it,” “it wasn’t popular,” and “that big stars weren’t signed because they were already on the main roster.”
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Vince & Dunn shoved NXT on to the USA Network reactively without really promoting it. Moved it to Tuesday’s thinking they would get a bigger number and be able to better develop the brand, again, without promoting it and used the pandemic to gut the staff and roster. Then, after seeing the ceiling, gutted the product and perverted it into RAW/SD Lite.
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The house show and takeover ticket buys, and live crowd responses prove it was popular enough to run small non-TV houses and 14K arenas for major shows. A secondary consideration is that we don’t know what the weekly viewership was on the WWE network before they dumped it onto the USA network. What if the viewership on the WWE Network was similar to the number they pull on the USA Network? That would evidence that the move to a 2-hour format on cable TV wasn’t a good move.
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When I say big stars… I don’t mean Adam Cole, RedDragon and etc… I talking about Kenny Omega, the Bucks and Cody when their NJPW and ROH contracts expired. NXT/WWE couldn’t offer the autonomy or money that AEW was set up to give them. The merchandising money for them is better through Pro-wrestling Tee’s than it would have been through WWE, plus whatever cuts of the coming video games and other products would be. Obviously, Cody left, but Kenny and the Bucks seem happy with their choices.
I’m not saying that NXT was a success, but it wasn’t as abject enough of a failure to completely diminish it as such.
NXT made stars. The booking mantra of both 2.0 and/or the “Black & Gold” wouldn’t work for the main roster WWE shows, the audiences are broader so there would still be a balance of GaGa, Entertainers, Combat-sports style and supernatural characters. The difference is likely that there would be some more investment in long-term storytelling.
We’ve also already seen HHH & Stephanie running creative in the past, I would argue that 2016-17 RAW & SmackDown was very HHH/Steph heavy. Likely because there were so many former-NXT talents being added and used on the main roster shows.
Citing NXT’s failure to beat AEW is a singular, strawman counter-point. AEW had bigger names (Jericho, Moxley, Omega, Cody), more money and a much better push both on their own and through TNT’s marketing. AEW didn’t win every week. And, AEW was presenting a better product for sure too,
WWE’s profits don’t outline how much was budgeted for NXT salaries, production, and post-production overhead. It’s the same as how studios finance their TV shows and films. For instance, a show like “Euphoria,” doesn’t have a fragment of the budget a show like “Westworld” has had. So, saying NXT had unlimited financial resources is silly, RAW and SD are clearly the big tent productions, while NXT & 205 Live were small-run shows.
Again, NXT isn’t an abject failure. Just something that didn’t compete with a better-resourced upstart.