According to a source within WWE, Chris Jericho's WWE contract is set to expire sometime this fall.
At this point, I was told that "all bets are off" where it concerns Jericho creatively, meaning that whatever plans WWE creative had in place for him prior to his booking of the "Downfall" game show are now off the books.
The reason for this is that WWE is unsure how much time Jericho might miss due to the game show, and WWE is especially concerned that the game show booking might lead to other Hollywood bookings which might result in Jericho leaving the company when his contract expires.
It should also be noted that the way Jericho is being booked on TV right now is NOT a punishment for him doing the game show. Rather, I was told that Jericho does not mind losing, and he doesn't consider himself jobbing as he feels he has accomplished everything he can in the pro wrestling business and his current story line is helping put over young talent.
I was also told that Jericho is currently being booked by WWE in the style of JBL and/or Batista. If you recall, both JBL and Batista wanted out of WWE, so the company booked them on a losing streak which eventually lead to them "quitting" as a result of so many losses. In Jericho's case, I was told WWE is booking him in this fashion so that the company has a creative way of writing him off TV and out of the company should he decide to leave when his contract expires.