If your a wrestling fan, today is a good day for you.

All Elite Wrestling and WarnerMedia announced a blockbuster deal Wednesday morning ahead of their Double Or Nothing PPV on Saturday, May 25th.

“Wrestling fans have wanted–and needed–something different, authentic and better for far too long,” explained AEW CEO and president Tony Kahn. “AEW is answering the call. AEW is about more than wrestling. It’s about a movement fueled by wrestling fans who have been underserved and perhaps even disappointed by what the industry has produced in recent years. AEW is rising to the occasion with Double or Nothing and today taking it a step further by partnering with WarnerMedia, which is as committed as we are to making wrestling fans the one and only priority. With WarnerMedia, AEW is poised globally to redefine wrestling as we know it today.”

There is no news as of this writing when AEW’s weekly TV series will begin, aside from “later this year.” There have been reports that it will be a Tuesday night series, which won’t directly compete with WWE, as Smackdown will be moving to Fridays on Fox this fall. Many have been looking forward to the new wrestling promotion, especially after all indie wrestler signings they’ve been making for months.

Vince and the WWE finally have competition again, and with that hopefully, the WWE product feels the pressure to evolve again. The Kahn family has the money to compete with Vince and signing a television deal with TNT shows that they are ready to compete with the WWE.