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I brought up the G1 as an example of NJPW's wrestling style. NJPW does tournaments New Japan Cup, The Best of Super Juniors, World Tag League, and G1 Climax. It is structured into their promotion. You are right WWE shows are moving their product towards the pay-per-views where the memorable stuff happens but most of the memorable stuff is not as memorable as the matches which gets put out by New Japan on its weekly shows. Many of those matches are NJPW shows like Power Struggle, King of Pro Wrestling, and Destruction in Hirsoshima.
For Japanese wrestling which isn't a TV medium NJPW is doing one helluva job with its product: New Japan won 2016's Wrestling Observer Best Weekly TV Show which is a laudable achievement. They have the best announcing team in wrestling today with Jim Ross and Josh Barnett.
To watch an old WWE pay-per-view on Direct TV such as Beast in the East or Summer Slam 2015 it's $3.99 for a two-day rental, which means I can not watch the show at my convenience. Wrestle Kingdom 11 was aired at no additional charge on New Japan's AXS show.
For Japanese wrestling which isn't a TV medium NJPW is doing one helluva job with its product: New Japan won 2016's Wrestling Observer Best Weekly TV Show which is a laudable achievement. They have the best announcing team in wrestling today with Jim Ross and Josh Barnett.
To watch an old WWE pay-per-view on Direct TV such as Beast in the East or Summer Slam 2015 it's $3.99 for a two-day rental, which means I can not watch the show at my convenience. Wrestle Kingdom 11 was aired at no additional charge on New Japan's AXS show.