The WWE, it has been reported today, have signed a major new television deal with FOX Sports that will see them expand their broadcasting into Latin America over the next five years.
PWInsider revealed details of the deal Wednesday afternoon and Vince McMahon and co will likely be delighted to have brokered such a potentially lucrative contract in the wake of what has been a testing few months for the WWE.
As per the deal, Fox Sports Latin America will be able to broadcast Monday Night Raw, WWE's premier TV slot, live throughout Mexico, Brazil, Argentina, Colombia, Chile and a host of other South American nations as of October 6.
At present WWE fans in the region have only been able to watch a diluted one hour version of Raw.
Smackdown, WWE Main Event and NXT will also be broadcast to the region for the first time.
Other points of interest from the mega deal include; WWE's Vintage Collection being made available on the FOX Play digital platform, as well as the always popular pay-per-view events to be featured on premium FOX Sports channels.
Good news at last
Vince McMahon and the WWE will be hoping that their latest television deal will be followed by a more receptive response from the financial markets.
Their last major broadcasting announcement, which revolved around the WWE Network's implementation back in May, was followed almost immediately by WWE stock plummeting and McMahon himself losing millions of dollars of his personal wealth as a result.
Since then there has been a huge emphasis from those in charge to reign in the budget, a philosophy that has led to a number of run ins with WWE superstars whilst others associated with the company have lost their jobs.
World wide audience
The WWE is already a global brand with over 145 countries broadcasting its shows to over 500 million homes worldwide.
The storylines themselves often incorporate characters with backstories from every corner of the globe but they recently lost one of their most prominent latin american superstars when Alberto Del Rio was released from company following an altercation with a WWE employee.