There's movie recently out and still in some theaters about a real-life "wrestling family" in the 70s & 80s with 3 brothers who all "rassled" (The Iron Claw). There was dysfunction and a series of untimely deaths that suggested to some a "family curse".I have seen some of the data, WWE gets a amazing number of viewers on Peacock, I do have to believe this will hurt them.
It is not for me, have a issue with fakeness, same reason why I hate reality shows.
Early in the show, one of the bros bristles as a would-be gf he just met mentions that it's "fake," then seeing his reaction softens it to "well...let's say, "prearranged?" He then delivers a calm and, I think, very cogent explanation, which I wonder whether in real life these guys could manage (paraphrasing): "It's about delivering to the audience, and when you do that well, you get that crowd reaction, you get 'promoted' to higher-level bouts."
Pro wrestling has always been about the show rather than technical rules-following athleticism. All but the most impressionable clue in right away that it's just about the spectacle, the storylines. Being "real" or not is beside its point. If it would be operated as "real," it would be boring as hell as competitors would maximize their own self-protection over crowd-pleasing spectacle.
As to Netflix, I have it but wouldn't be a consumer for any of this. Industry observers say it's the right deal for them to keep broadening the audience.