Corgan gone from TNA/New TNA deal?

[Lee]

Toronto, Canada (November 3, 2016) – Anthem Sports & Entertainment Corp. and Impact Ventures, parent company of TNA Impact Wrestling, today announced that Anthem has provided a credit facility to TNA to fund operations.

Anthem Sports & Entertainment Corp. is a global sports media company that operates Fight Network, Impact Wrestling’s exclusive broadcaster in Canada, as well as the exclusive worldwide digital streaming partner for all TNA programming. It is also an equity stakeholder of Impact Ventures.

The agreement includes the appointment of Anthem Executive Vice President Ed Nordholm to the Impact Ventures Board of Managers. The company will be managed by the Board with Mr. Nordholm representing the Board on all major operating and restructuring decisions. Dixie Carter will continue as Chair of the Company, as well as her position on the Board of Managers. Billy Corgan is no longer with the company.

“We have had a successful, long-term partnership with Fight Network as our Canadian broadcaster, and more recently as our global digital partner,” said Dixie Carter. “Anthem’s team has extensive media experience, and I am excited to have that available to us as we plan for the future.”

“We have consistently maintained that investing in content as we grow our distribution is important as a strategic necessity, and working more closely with a strong brand like TNA is in line with that. This financing is an extension of the support we have been providing since the beginning of the year,” said Leonard Asper, CEO of Anthem. “There are tremendous opportunities to support the company’s growth on all platforms and in all media along side Dixie and the incredible talent and staff at TNA.”

 

[klunderbunker]

Translation: Dixie has found EVEN MORE SCHNOOKS to fund this mess.

 

[justinsayne]

...and in the process got rid of the one guy who had an actual vision for the company, & seemingly had the talent behind him.

 

[ShinChan]

I have my hopes for TNA even more low now.

 

[Hyorinmaru]

How many wrestlers jump ship now that Corgan is gone?

 

[Jeff Deliverer of Mail]

Future headline......

Anthem Sports and Entertainment Corp. announce bankruptcy.

"I didn't see this coming," Said Ed Nordholm, "I thought this was a strong brand."


Another future headline......


The Fireplace Channel picks up TNA Programming.

 

[sikkbones]

Stupid question do anyone that has bell fine TV in Ontario? Does bell not carry the channel?

Or is it a premium channel?

 

[Y 2 Jake]

How many wrestlers jump ship now that Corgan is gone?

None. They work for TNA for a few days every few months, so do they really care.

 

[ztwhite]

It all just means a quicker end to TNA. Instead of us waiting to find out when it goes broke, it should only be a few months before TNA is DOA.

 

[nightmare]

I just dont see how Dixie convinced them to bail her out of this & take over. TNA has been ****ed around just to keep afloat for weeks at a time & from a business standpoint, who would want to take over? Fight cannot possibly think they can turn a profit with this, so why take the risk & shell out money to bring TNA debt to zero?

Smartest thing to do would have been to pay the debt, but keep Corgan & let him put on the best year of TNA humanly possible. Charge a few bucks more for tickets & merch, then sell off the library etc at the end to possibly make a few bucks back. Anyone who thinks this new turn was smart business is a damn fool.

 

[Starkist]

TNA lives another day. But what happened to GFW? Although TNA is in the shitty mess they are in they are still doing better than GFW. So some small small props to them their. All I have for positivity for TNA.

 

[BaconBits]

Smartest thing to do would have been to pay the debt, but keep Corgan & let him put on the best year of TNA humanly possible. Charge a few bucks more for tickets & merch, then sell off the library etc at the end to possibly make a few bucks back. Anyone who thinks this new turn was smart business is a damn fool.

Why do you (and others) think that Corgan would have been some kind of wrestling guru and saved TNA? His experience in the wrasslin' business is shitty Chicago area indie that has produced exactly ZERO stars, and his last experience with that was two years ago.

 

[Wally Dangerously]

This company is amazing.

 

[nightmare]

Why do you (and others) think that Corgan would have been some kind of wrestling guru and saved TNA? His experience in the wrasslin' business is shitty Chicago area indie that has produced exactly ZERO stars, and his last experience with that was two years ago.

Not saved, nor a guru. The boys liked him & he seemed to genuinely care about putting on a decent show. Nothing wrong with wanting to see him do that for a final bow on a company that once was pretty cool.

 

[Navi]

Why do you (and others) think that Corgan would have been some kind of wrestling guru and saved TNA? His experience in the wrasslin' business is shitty Chicago area indie that has produced exactly ZERO stars, and his last experience with that was two years ago.

I don't think anyone is saying he is a wrasslin God or anything, but he really seemed to care to the point where he now in retrospect stupidly loaned them 1.8 million dollars to keep the doors open.

He knows a lot about the entertainment business, which Dixie Carter doesn't, and the guys who worked there really wanted him involved. Considering how badly Carter ran it into the ground, Corgan wouldn't have made the same mistakes. No-one is even saying that TNA won't eventually go under, but with him at the helm they might have had a fighting chance. With Carter still in the picture I'm not so sure. Anthem will eventually do what Panda Energy did and just stop funding them completely. Then they are done.

 

[GhettoV1]

You are right once Anthem figures out TNA isn't worth the headaches they will call Stamford, CT while the ink dries on their contract with Dixie.