>>18878799It hasn't.
AEW is in a "fine" place right now in terms of show quality, but it's probably never climbing back to the million weekly watchers level at this stage. It's in a healthy enough state that that company will still be around in 5 years time, but it's still only going to be hardcore wrestling fans watching without the broader casual appeal who will only see WWE as the only form of Pro Wrestling after decades of McMahon gaslighting.
WWE in turn is also simply too big to truly fail, but it has long reached "zombie Simpsons" levels. There are people who will always put it on because they have simply just had it be a constant in their lives for so long and will always buy product until the day they die from sunk cost fallacies. But the show quality is getting worse, and with TKO trying to fuck everything up exactly like they did with UFC, it won't get better any time soon.
There will be no new boom period. AEW won't find its breakout moment, WCW can't suddenly return due to being consumed by the WWE blob, same with ECW, TNA is heading the same way, any other upstarts like the Brit Wrestling scene that was growing will get stomped out by TKO throwing all their money at the problem to make it go away, and the other active companies are ran by carnies with no money to make it big. You may get the occasional Lucha Underground style moment where they go full camp supernatural with it which will find an audience, but once again contracts and TV execs will find a way to fuck it all up.
It's all over. Give up on the tribal wars and just enjoy the final scraps of pro wrestling whilst it lasts.