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UPDATED AT 1:35 PM ET: THE NEW HOME AND NIGHT FOR SMACKDOWN WILL BE....

By Dave Scherer on 2018-05-21 12:29:00

ESPN's Darren Rovell is reporting that WWE's Smackdown Live will be moving to Fox in October of 2019 when its current deal with the USA Network ends.

Rovell reported that after USA gave up its right of first refusal, Fox made a "massive" offer for the program.

TheWrap.com is reporting that the show will move to Friday nights when it moves to Fox in the fall of 2019.

WWE's stock has spiked big time since the news broke.  It opened today at $51.42 and has been as high as $59.25.

WWE is set to drastically increase their revenues with the new TV deals.

You can read his story by clicking here.

Thanks to Michael L and Joe Mientus for their help!

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