Wrestling Tonight: WHAT THE NETFLIX–WBD DEAL REALLY MEANS | CENA VS GUNTHER SET | TNA’S AMC LAUNCH | ROH FINAL BATTLE | NXT DEADLINE FALLOUT

Welcome to Episode 154 of Wrestling Tonight, powered by G FUEL and Dick Lazers — G FUEL keeps us awake for those late-night edits with zero sugar and zero crash, and you can save 20% at GFUEL.com with code TAVERN. Dick Lazers is the official chaos device of The Tavern — a rechargeable red-dot pen with a flashlight and blacklight all in one. Hit DickLazers.com, use code TAVERN, and keep it Tavern.

This week we break down the Netflix–Warner Bros situation and the wild overreactions swirling around AEW. Netflix is bidding for the studio side — not the networks that house TBS and TNT — and AEW’s deal remains locked in through 2027 with an option for 2028. Tony Khan addressed everything on the Final Battle call, reiterated AEW’s strong relationship with WBD, and reminded everyone he already works with Netflix, Paramount and Comcast through the NFL. The only real unknown is how Max simulcasts evolve after the corporate shuffle.

We also hit WWE’s emotional centerpiece: John Cena’s final match, locked for December 13 on a retro-styled NBC primetime special. Gunther earned the spot, the legal noise is swirling, and Cena is openly confronting the realities of age, legacy and family as he closes the book.

On the TNA front, the AMC move resets the entire company. Final Resolution felt like the final page of the AXS era before a massive 2026 pivot. A wild card of debuts, title chaos, crossover moments and a dramatic closing angle set the tone for what this next era will look like. ROH Final Battle delivered the usual in-ring consistency while its future waits for the right TV deal — something Tony Khan emphasized he’s in no rush to compromise on.

NXT Deadline fallout is coming, with the brand navigating crossover talent, shifting title pictures and a marquee NXT Championship outcome that now points toward a major showdown on NBC. We’ll go match by match next episode and look at who steps into Cody's orbit as the road to the new year takes shape.

AEW’s Continental Classic continued with injuries reshaping the Gold League and both blocks tightening at the top. Holiday Bash sets up a new Dynamite Diamond path, and the next few weeks will determine the world title picture heading into 2026. We also talk PPV pacing, retirement teases, big men looking for one more run, and WWE’s internal pressure as the new PLE deal shifts expectations.

The week ahead is stacked across every promotion — major specials, tournament twists, international cards, big-brand build toward January, and the first real momentum toward WrestleMania season.

This is Episode 154 of Wrestling Tonight — let’s get into it.