According to f4wonline.com, WWE will not be running monthly NXT two-hour live specials, as a recent press release had indicated.
WWE sent out a run down on Monday afternoon of all the brand new programming coming to the WWE Network in the coming weeks and months, and the release listed “NXT Takeover –LIVE!” as a monthly two-hour event on Wednesday nights. However, a representative apparently reached out to Dave Meltzer and informed the site that they intend to stick with quarterly events going forward
Source: F4WOnline.com