WWE Planning to Announce Several NXT Releases Next Month, More on Major Budget Cuts
– We noted earlier tonight that F4Wonline.com has confirmed a report that WWE is looking at making more budget cuts in the near future. Word is that NXT is the next target of these cost-cutting measures.
A WWE developmental source noted that the budget for NXT has already been cut in terms of production and post-production. WWE officials will be evaluating the NXT talent roster soon with a number of releases expected to be announced in July.
WWE is reportedly “staggering” the cuts so they appear to be fiscally responsible to Wall Street and so they don’t set off major internal panic.