Wait, WWE doesn't even own their own video library? Is that what I'm supposed to take away from this article? Along with the what would WB do with the library? Does WWE network have to lease their own videos for the network?
Looking through the comments on the article, it looks like, number one, the article isn't very good and gets some stuff wrong, but number two, this is about the distribution rights to the video library. So the WWE owns its content, but is not responsible for getting it to third party retailers. Right now Cinedigm is, but they're looking to get out, and WB is interested in getting in. Could be a good deal for the WWE.
I like tournaments, because with the booking on Smackdown, I could see them giving it to Rey or even Chavo. I do think they are trying to move Cena away from the belt, so he can go the next level, I'd wait for WM 21 just so the fans can go happy.