The WCW Reboot
Date: April 10, 2000
Promotion: World Championship Wrestling (WCW)
Event: WCW Monday NITRO (Episode 238)
Location: Denver, Colorado | Pepsi Center
↳ On April 10, 2000, WCW enacted a "reset" (or reboot) that vacated all championship titles, led by the return of Eric Bischoff & Vince Russo to head creative. This move launched the "New Blood vs. Millionaire's Club" storyline, aiming to pit younger talent against established stars to save plunging ratings.
Vince Russo returned for his first on-screen appearance to announce a revamp, teaming up with Bischoff, who was acting as a creative consultant.
Despite the attempt at a fresh start, the ratings did not improve significantly, with the April 10th Nitro scoring a 3.1 compared to Raw's 7.4. This period was widely considered a last-ditch effort to compete with the WWF, which ultimately failed to stop the company's downward momentum. WCW would be purchased by WWF owner Vince McMahon less than a year later.