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Post by slickster on Mar 29, 2010 2:18:55 GMT -5
If TNA were to go out of business, I think WWE would buy the TNA video library and that's it. The TNA brand name has no market value, but WWE would use the videos for WWE 24/7 and for retrospective DVDs.
The TNA library is about 5% the size of the WCW library which WWE bought for ~$3 million so actually the price should be around $150,000.
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dpg
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Post by dpg on Mar 29, 2010 11:32:03 GMT -5
I've listened to WO before and I've never heard them say "TNA will be out of business" I've heard them say, "How does TNA stay in business with this crappy writing?" or "TNA doesn't understand how to run a business." But I've never heard them actually say they have sources telling them that TNA will be out of business in X months. I think people misconstrue a lot of what was said. Erm, no, Meltzer has claimed TNA is either on the edge of shutting down or in fact shutting down on numerous occasions. I was a TNA fan back then and read the stories, he made a series of claims about stuff going on backstage at TNA that either turned out not to be true or massively exagerated. He has no idea what goes on there behind the scenes and he never has. All he's said in this story is something very vague which in a few weeks when it turns out to not be true can be quietly filed at the back of the top shelf, safely tucked away and ignored. |
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dpg
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Post by dpg on Mar 29, 2010 11:34:02 GMT -5
I'm sure TNA is losing money right now. They couldn't have been making that much of a profit before they signed the big money players they signed over the last year, I can't see how they're not in the red right now. I question whether that equals "financial problems". From what I understand Panda Energy is a very big, very lucrative company. TNA is basically a pet project of the bosses daughter. I imagine they're willing to bankroll something like that even though there are no returns from it for the time being. Remember, WCW was constantly losing money throughout most of its existence. But Turner didn't care, it was a pet project of his. It wasn't until he was out of the picture that Time Warner finally pulled the plug on them. TNA made a small profit in the past, I think Dixie claimed it in 2008ish, and 2009 didn't see many big names coming in so they probably made more money. I doubt they make a huge amount now, but I also doubt they make a huge loss after bringing in the big names. And even if they do, Panda make more than enough money to cover the costs, and it can be writted off as tax deductable anyway. |
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Post by jfrogg007 on Mar 29, 2010 18:35:43 GMT -5
Source for Panda bailing TNA out numerous times, and that they were canceled? As far as i'm aware, their contract ran out and wasn't renewed. Spike TV also didn't SAVE anyone. They saw a product they thought they could make money off it, so they went for it. They didn't do it for the good of Dixie Carter, or Sharkboy or anyone else. Not being renewed is the same thing as being cancelled. When WWE was leaving Spike to go back to USA, Spike was banking the farm on UFC as the marquee show. WWE and Spike had a nasty fallout during the last episode of RAW. That helped out TNA's chances greatly with Spike when they were shopping Impact to different networks. Spike mainly signed them to screw with McMahon. Spike foots the bill for most of the main eventers like Sting and Angle. They pay TNA to air Impact, not the other way around. And your source for these facts, Jerry Jarrett's book about TNA and the same dirt sheets like Meltzer's that no one believes unless they say something you want to hear. Oh please, you think Spike TV commissioned a TV show to "screw with McMahon"? What kind of carny rubbish is that? Spike are a professional TV outfit, part of MTV and I'm pretty sure that's not the kind of thing they're involved in. I don't read dirtsheets. I don't think i've ever read anything by Meltzer in my puff, and I have nothing to say about the man's credibility or lack thereof. I asked for sources, that's all. I don't have to provide a source for something I didn't make any reference to. |
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dpg
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Post by dpg on Mar 30, 2010 11:09:22 GMT -5
Not being renewed is the same thing as being cancelled. When WWE was leaving Spike to go back to USA, Spike was banking the farm on UFC as the marquee show. WWE and Spike had a nasty fallout during the last episode of RAW. That helped out TNA's chances greatly with Spike when they were shopping Impact to different networks. Spike mainly signed them to screw with McMahon. Spike foots the bill for most of the main eventers like Sting and Angle. They pay TNA to air Impact, not the other way around. And your source for these facts, Jerry Jarrett's book about TNA and the same dirt sheets like Meltzer's that no one believes unless they say something you want to hear. Oh please, you think Spike TV commissioned a TV show to "screw with McMahon"? What kind of carny rubbish is that? Spike are a professional TV outfit, part of MTV and I'm pretty sure that's not the kind of thing they're involved in. I don't read dirtsheets. I don't think i've ever read anything by Meltzer in my puff, and I have nothing to say about the man's credibility or lack thereof. I asked for sources, that's all. I don't have to provide a source for something I didn't make any reference to. Exactly, spike are a television company, not Ted Turner or a billionaire with a grudge. They need to make money to survive, signing a TV show and backing it to the hilt just because you don't like one that left you would be a financially stupid decision, one worthy of the guys in charge being sacked by their bosses pretty quickly. They signed TNA because they saw a company they could have a good relationship with and would bring in consistant ratings for them, which they have. |
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Post by corndog on Mar 30, 2010 12:01:05 GMT -5
Correct me if I'm wrong, but isn't Spike picking up part of the tab for Sting and Angle? Who knows if they may be in on a few others. Spike pays a chunk of the contract for the higher paid guys like Angle, Hogan, Sting etc. howver it wouldn't really surprise me they are having problems or at least concerns because it costs a lot to have live tv that and I heard they are cutting down on house shows Wouldn't house shows be a thing you would want to keep around? They are usually one of the best ways for a wrestling company to make money besides ppvs, especially since the costs are low and it is pretty much pure profit as long as they sell enough seats to cover the cost of renting the arena. As far as whether the company is losing or making money most of us aren't sure. Although I have a feeling Hogan and Bischoff are investors, so they aren't on the payroll. I don't mind seeing guys like Anderson, RVD, Angle and Hardy on the show. They are over and still contribute to the program. It was nice to not see Hogan all over the show this week, and Flair was just ringside for AJ's match with Jarrett. But Bubba and the Nasty Boys need to go, which I believe the Nasty Boys are already gone. I don't mind the wolfpac as long as they are around to help put the younger guys over and used as a last harrah for the three of them. TNA is atleast putting younger guys over and building for the future, something WCW did not do. Hopefully alot of the hasbeens don't end TNA so it can have a future. |
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Post by angryfan on Mar 30, 2010 12:06:50 GMT -5
Cutting house shows would be insane, because it's one of the few domestic revenue streams they've got along with merchandising. We know they make nothing on the gate for any event in the Impact Zone, which has to hurt.
I can't speak to whether they're making a profit, but, even if Spike TV covers half of the larger contracts, there's still more of them now then there were six months ago, which is going to cut into profits big time.
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Post by Michael Coello on Mar 30, 2010 12:12:04 GMT -5
Well, TNA has shows until the end of April scheduled, so they should schedule more soon.
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dpg
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Post by dpg on Apr 1, 2010 14:38:11 GMT -5
They've just announced more for May.
Beaumont, TX will host a TNA Live! event on Sunday, May 23 at the Beaumont Civic Center at 7:30pm.
Lake Charles, LA will host a TNA Live! event on Friday, May 21 at the Lake Charles Civic Center at 7:30pm
Houston, TX will host a TNA Live! event on Saturday, May 22 at the Verizon Wireless Theater at 7:30pm.
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Deleted
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Post by Deleted on Apr 1, 2010 14:46:05 GMT -5
Possible financial incomes for TNA that are as of yet, and to my knowledge unexplored:
Pod-Per-Views: Premium internet wrestling content for a nominal fee. Bischof can do all the crazy stuff he wants to do w/o SpikeTV censoring him. If they can get the buys up high enough they can market out from that angle too.
They can also pimp the Pod-Per-View on SpikeTV.
Live, interactive chats featuring TNA stars on a per-minute basis. They'd have to build these up too, but I bet a lot of fans would love to be able to ask questions to Sting, Angle etc and see their live reactions.
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Post by Andrew is Good on Apr 1, 2010 21:00:34 GMT -5
Cutting house shows would be insane, because it's one of the few domestic revenue streams they've got along with merchandising. We know they make nothing on the gate for any event in the Impact Zone, which has to hurt. I can't speak to whether they're making a profit, but, even if Spike TV covers half of the larger contracts, there's still more of them now then there were six months ago, which is going to cut into profits big time. I have to add to this, as another point needs to be brought up. Merchandise, for the most parts, sells more at House Shows then it does on the website, because well, people are there, they are there for wrestling, so they likely want a souvenir. So, cutting House shows would also cut into their merchandising. |
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Post by slickster on Apr 2, 2010 1:35:11 GMT -5
I think the main problem with house shows has been that they have booked arenas that are MUCH too large. TNA has routinely booked 5-10,000 seat arenas and yet they struggle to sell 1,000 tickets, which means the house looks like crap and they spend a lot of money on arena space that they don't need or use.
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dpg
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Post by dpg on Apr 2, 2010 6:22:31 GMT -5
TNA has cut down on house shows and has begun booking smaller arenas, but beforehand they just weren't selling enough tickets to make a profit. They have bigger crowds now and every time there's a detailed report they seem to be selling tons of merchendise/
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hollywood
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Post by hollywood on Apr 2, 2010 10:46:02 GMT -5
TNA has cut down on house shows and has begun booking smaller arenas, but beforehand they just weren't selling enough tickets to make a profit. They have bigger crowds now and every time there's a detailed report they seem to be selling tons of merchendise/ As someone who attended one of their later shows, I can tell you that's not always the case. |
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AriadosMan
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Post by AriadosMan on Apr 2, 2010 12:00:11 GMT -5
TNA has cut down on house shows and has begun booking smaller arenas, but beforehand they just weren't selling enough tickets to make a profit. They have bigger crowds now and every time there's a detailed report they seem to be selling tons of merchendise/ As someone who attended one of their later shows, I can tell you that's not always the case. One of the things I've always wondered about is the whole "ton of merchandise" claim, since I have yet to see a real-world person buying a TNA DVD or wearing a TNA shirt. |
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Post by mauled on Apr 2, 2010 14:46:26 GMT -5
As someone who attended one of their later shows, I can tell you that's not always the case. One of the things I've always wondered about is the whole "ton of merchandise" claim, since I have yet to see a real-world person buying a TNA DVD or wearing a TNA shirt. Ive got the Kurt Angle DVD but only cause its Kurt (he needs a WWE one!) and his match quality is amazing but hell would freeze over before I got that Double J one. |
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Post by Michael Coello on Apr 2, 2010 14:54:18 GMT -5
As someone who attended one of their later shows, I can tell you that's not always the case. One of the things I've always wondered about is the whole "ton of merchandise" claim, since I have yet to see a real-world person buying a TNA DVD or wearing a TNA shirt. Considering the rarity of seeing wrestling shirts in public, It's like trying to find a red pin among a few regular pins in a huge haystack. Besides at wrestling show, I've only seen a few Cenas here or there, and one Angle shirt a few years back. |
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Post by joeiscool on Apr 2, 2010 15:53:39 GMT -5
I think the main problem with house shows has been that they have booked arenas that are MUCH too large. TNA has routinely booked 5-10,000 seat arenas and yet they struggle to sell 1,000 tickets, which means the house looks like crap and they spend a lot of money on arena space that they don't need or use. really does not mean anything. It's the price that they pay for the arena. Lets just say if they get a place that holds 1000 people and the price for the arena is $2,000. You would only need to draw 100 people at $20 to cover the price of the arena. So if they drew 100 it does not matter that only 10% of the seats were filled. |
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ICBM
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Post by ICBM on Apr 2, 2010 16:13:44 GMT -5
They are not having problems. They are also not making as much as they could, but theye are no where near in peril. Stop looking for the apocolypse. It is good to have two wrestling promotions (ROH, TNA) hell even a entertainment company that has guys who used to wrestle like WWE is good TV sometimes
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Post by The Captain on Apr 2, 2010 18:01:08 GMT -5
One of the things I've always wondered about is the whole "ton of merchandise" claim, since I have yet to see a real-world person buying a TNA DVD or wearing a TNA shirt. Considering the rarity of seeing wrestling shirts in public, It's like trying to find a red pin among a few regular pins in a huge haystack. Besides at wrestling show, I've only seen a few Cenas here or there, and one Angle shirt a few years back. I see kids wearing wrestling shirts all the time, mainly Cena and DX. As well as the odd twenty-something wearing an Undertaker shirt or something. Never seen anybody wearing a TNA shirt, but then I don't know if that'd fly in the elementary schools since the letters are suggestive. |
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