Premium Live Event. WWE's rebranding of 'pay-per-view' after the Peacock streaming deal made the term inaccurate (nobody's paying per view anymore, they're paying for a subscription). WrestleMania, SummerSlam, Royal Rumble, Survivor Series — these are all PLEs now. Fans still call them pay-per-views out of habit and spite.
"The next PLE is in three weeks. They've got four title matches announced and the card looks stacked."