On 1 January 2019, in the wake of the success of All In Cody, together with the Young Bucks, announces that it has created a federation, All Elite Wrestling, and sets the first pay-per-view of the same, called Double or Nothing, for the following 25 May.
At the event Cody defeated his brother Dustin Rhodes. At the next event, Fyter Fest, he battled Darby Allin in a match that ended in a draw for the time limit. A Fight for the Fallen was defeated by the Young Bucks in a duo match alongside Dustin.
At All Out he defeats Shawn Spears. As the holder of the best win/loss record, Cody earned an AEW World Championship match against Chris Jericho, but was defeated by submission and betrayed by his MJF protege. On February 29, 2020 at Revolution, Cody lost, by shienamento, after MJF wrongly hit him in the face with his Dynamite Diamond Ring.
In a recent interview on Busted Open Radio, Cody discussed AEW giving wrestlers creative freedom.
Cody on AEW giving wrestlers creative freedom
“TV time isn’t cheap, as far as the economics of wrestling television time and in terms of how large a responsibility that is.
So, with that in mind, if you’re put in that spot – if you’re in the golden segment, the open segment of Dynamite, or if you’re anywhere on Dynamite – we trust that you’re skill set is there.
We trust that when the red light goes on, you’re gonna glow up and not gonna shrink down. That trust is what begets creative freedom" - Cody explained. “There are a few in the mix that are in developmental type stages, and we’re really good about proactively being with them and trying things out – a little bit of trial by fire, but also providing a little bit of structure.
I think that’s something that I offer to the mix as an executive – maybe that’s my specialty. I like to offer structure to those who don’t have any, and I love seeing it succeed. That’s just as good of a feeling as when you get a pop in your own match is to see one when you came up with that little thing and no one knows.
That’s a special thing, and you have to have that structure. To those who have superseded that structure, you have to allow them to be free. You can’t put a saddle on a mustang. People need this. They want to experience other worlds, and no contract in AEW is a blanket contract. Everybody can go different places – the bridges are down, the doors are open."