Wrestling Tonight: WWE ROYAL RUMBLE: RIYADH PREVIEW | SNME FALLOUT | WRESTLEMANIA 42 & 43 TAKING SHAPE | CMLL’S HISTORIC MÍSTICO RUN | 164

Welcome to Episode 164 of Wrestling Tonight, powered by G FUEL and Dick Lazers. Use code TAVERN for 20 percent off. Acefield Retro and Chad are back, and this week is built around the road to Royal Rumble: Riyadh, while also zooming out to examine how WWE, AEW, TNA, AAA, NJPW, Stardom — and the global wrestling economy itself — are all adjusting direction at the same time.

We open with a full preview of Royal Rumble: Riyadh, taking place January 31, 2026 at the King Abdullah Financial District as part of Riyadh Season. This marks the first traditional Royal Rumble ever held outside North America, the first Royal Rumble in Saudi Arabia, and the first of WWE’s “Big Five” events to take place in the Kingdom. We break down why this Rumble matters more than usual, with both the men’s and women’s winners earning world championship matches at WrestleMania 42 in Las Vegas, the event’s return to its traditional January slot, and the shift in distribution with ESPN streaming the Rumble in the U.S. for the first time while Netflix carries most international markets.

From there, we dig into what’s already locked in for Riyadh: the Men’s and Women’s Royal Rumble matches, Drew McIntyre defending the Undisputed WWE Championship against the winner of the Saturday Night’s Main Event four-way, and Gunther vs. AJ Styles in a career-threatening match where Styles must retire if he loses. We also run through the early betting odds, where Roman Reigns and Bron Breakker sit at the top of the board, followed by Sami Zayn, Gunther, and Cody Rhodes, and discuss what those numbers tell us about WWE’s short-term and long-term thinking. We cover the growing list of announced entrants on both the men’s and women’s sides and how the field is already beginning to take shape.

We then pivot into Saturday Night’s Main Event fallout from Montreal, breaking down Cody Rhodes vs. Jacob Fatu, AJ Styles vs. Shinsuke Nakamura, the Women’s Tag Team Championship defense with Rhea Ripley & IYO SKY against Liv Morgan & Roxanne Perez, and the massive four-way number one contender’s match featuring Damian Priest, Randy Orton, Sami Zayn, and Trick Williams, with the winner stepping directly into McIntyre’s title picture at the Royal Rumble.

From there, we widen the lens to WrestleMania season planning. We discuss WWE’s current reluctance to turn Cody Rhodes heel, how WrestleMania 42 plans remain fluid, and why AJ Lee vs. Becky Lynch is shaping up as one of the most locked-in matches on the card. We also look ahead to WrestleMania 43 in Saudi Arabia, with The Rock openly addressing his excitement for the event and internal speculation swirling about possible appearances from Rock and Stone Cold Steve Austin as WWE enters its busiest stretch of the year.

We then shift fully into the global business of wrestling, as Dave Meltzer reports that Místico has headlined 13 consecutive sellouts at Arena Mexico in 2026, a venue that holds approximately 16,000 fans. Meltzer called the run unprecedented, noting that sustained, high-frequency sellouts in the same building represent a business pattern rarely seen in wrestling history. We contextualize the streak against past drawing eras, the legacy of El Santo, and why comparisons to Japan or North American touring models often miss the structural realities of how wrestling draws actually function. We also discuss the growing push for Místico to capture a major championship currently held by talent from All Elite Wrestling, and what that would signal about CMLL’s place in the current power structure.

Outside WWE, AEW remains in a moment of transition. We break down Powerhouse Hobbs officially signing with WWE, the company parting ways with longtime executive Nik Sobic, and what those exits say about AEW’s current phase. We also cover Will Ospreay’s next step toward a return as he undergoes a medical evaluation, Hikaru Shida being backstage in Orlando as she edges closer to U.S. competition, and clarity emerging on AEW’s streaming future as reports indicate the promotion is expected to remain aligned with Warner-backed platforms rather than moving to Netflix.

TNA continues to operate within a shared ecosystem, as we revisit the fallout from Genesis and Impact’s AMC debut amid lingering visa issues, the accidental TNA+ audio leak revealing No Surrender plans, Trey Miguel’s emotional return, and the Knockouts Tag Team picture coming into focus with ZaRuca crowned as new number one contenders.

We also hit international headlines, including AAA’s FOX era officially beginning, Dominik Mysterio’s accidental AEW belt graphic during a promo, El Hijo del Vikingo emerging as number one contender for the Mega Championship, NJPW seeing TMDK lose the NEVER Six-Man titles at Korakuen Hall, and Stardom keeping its options open following an alleged intellectual property violation involving trading cards.

Episode 164 is a full-scale snapshot of the wrestling industry at a turning point — Royal Rumble season underway, WrestleMania plans coming into focus, media rights shifting, talent moving, and promotions everywhere adjusting direction rather than delivering final outcomes as the calendar heats up.