This is what we found on Wikipedia regarding the New Years Revolution:

WWE New Year's Revolution is a professional wrestling event produced by WWE, a professional wrestling promotion based in Connecticut. The event was created in 2005 and its name is a play on the Western tradition of New Year's resolutions, being held in early January each year the event is produced.

It was originally held as a pay-per-view (PPV) event from 2005 to 2007. To coincide with WWE's brand extension, New Year's Revolution was held exclusively for wrestlers from the Raw brand for its three years as a PPV event. In 2008, New Year's Revolution was removed from the schedule when the company reduced the number of PPVs per year after the discontinuation of brand-exclusive PPVs following WrestleMania 23 in April 2007. In January 2020, WWE revived the event's name for a series of WWE Live shows for Raw and SmackDown titled the New Year's Revolution Tour; this tour was not held in 2021 due to the COVID-19 pandemic. The name was used again for a special episode of Friday Night SmackDown on January 5, 2024.

The PPV event was notable for featuring the Elimination Chamber match during its first two years. Also notable was the 2006 event, which saw the first Money in the Bank cash-in match. After John Cena had retained the WWE Championship in an Elimination Chamber match, Edge used his Money in the Bank contract and defeated Cena to win the championship.