Why the pro wrestling world is buzzing about CM Punk backstage AEW footage, explained

Not even everyone in AEW knows what kind of footage from All In is being shown or what it will reveal.

CM Punk hasn’t been part of AEW for a while, having been fired last fall and made his return to WWE a few months later. But his time there is still very much lingering in ways that will come to a head on tonight’s episode of AEW Dynamite.

While the attention of pretty much every pro wrestling fan was on WrestleMania 40 this weekend, AEW announced during AEW Collision — which aired after the men’s college basketball tournament games Saturday, and thus was broadcast late at night — that it would air backstage footage from last year’s All In pay-per-view, and the Young Bucks (who are also AEW EVPs) would discuss it for the first time.

It’s a move that has both fascinated and divided the pro wrestling world, and if you’re wondering how we got here and why this is happening, here’s an overview.

What exactly happened at All In?

All In London was the biggest event in AEW history, in front of one of the largest crowds ever to watch a wrestling show. It was held in London’s Wembley Stadium and should have been the kind of victory lap that few No. 2 wrestling promotions have ever been able to take.

And while it was a success by many measures, it was somewhat marred by an altercation between Punk and Jack Perry. The causes behind it would take too long to go through here, but the short version is that Perry said something live on the PPV that was a shot at Punk, who confronted him about it backstage. Their argument turned physical and both men were suspended.

A few days later, Punk was fired, with AEW CEO, GM and head of creative Tony Khan claiming that he feared for his safety and the safety of other AEW employees.

Why is an incident from August 2023 relevant again now?

It’s mostly because Punk made it that way. On the Monday of WrestleMania week, Punk appeared as a guest on “The MMA Hour” with Ariel Helwani and talked extensively about his side of the All In situation for the first time.

He claims he did indeed confront Perry, who challenged him to do something about it. Punk says he did put Perry in a chokehold but didn’t threaten or endanger Khan. In addition, he claimed he told Khan he was quitting AEW and had to be convinced by Jerry Lynn and Samoa Joe to come out of his dressing room to wrestle Joe, which he did end up doing.

What kind of footage does AEW have from All In?

That’s uncertain, and it’s possible only a limited number of people know (including Khan and the Bucks). It could be security camera footage, other performers might have captured the fracas with cellphones, or some combination of the two.

AEW announcer and senior producer Tony Schiavone has stated even he doesn’t know what kind of footage it is, saying “I have no idea where we’re going.”

Is there a chance that this is all part of an angle?

This is a logical question any time something like this happens in pro wrestling, but every indication is that it’s legit. Well-connected wrestling news outlets like Fightful have reported that the footage will be real, and Khan and the Bucks have insisted the same. The expectation is that viewers will see behind the curtain at All In during Dynamite tonight.

An even better question is whether the video will be turned into part of an angle, and while that remains to be seen, it feels very possible. A popular theory is that it will be used to help Perry return as a high profile villain; he hasn’t appeared on AEW TV since All In and has been appearing most recently in New Japan Pro-Wrestling. The Bucks are also heels right now and their involvement in this, as opposed to Khan just presenting the footage himself, has raised some eyebrows.

What is AEW hoping to gain from showing the CM Punk-Jack Perry footage?

In the short term, it’s hoping that this will pump up the ratings for Dynamite, which have been soft, and promote interest in its upcoming Dynasty pay-per-view on April 21. Khan spoke with SI’s Justin Barrasso this week and was very transparent on that front.

The longer term benefit is harder to parse. It’s possible that the footage will make Punk look like he lied on Helwani’s show, especially if it appears he was the instigator and/or did threaten Khan or others.

Even if that’s the case, it doesn’t seem like it would really hurt Punk or WWE. Wrestling fans in general are mostly settled into pro- or anti-Punk camps by this point, and it’s unclear how many hearts and minds could be changed even if Punk comes off looking like a raving assailant. WWE is also so hot at the moment that dinging the image of one of its stars (and Punk has been out with injury for months now anyway) isn’t going to slow it down.

There’s certainly a benefit in the sphere of public opinion if AEW is proven that its side of events was what really went down, a matter of trust that could potentially pay off even if it doesn’t have a large effect on the bottom line. And maybe some people who are curious about the footage enjoy the rest of Dynamite and decide to watch more AEW going forward.

Expect to see a lot of discussion and debate about what was shown and whether AEW was smart to show it after tonight’s Dynamite, which airs at 8 p.m. ET on TBS.