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Post by GEOLINK on Jan 5, 2014 17:30:00 GMT -5
Something that I've always wondered was when exactly was ECW for sale and was it Heyman who sold it to Vince?
I know Vince announced he purchased WCW on the day of that infamous episode of Raw, but did he buy ECW also that day? I remember the purchase of ECW wasn't mentioned at all on Raw or anything so it came as a surprise to me as a young mark when ECW invaded the same time of the WCW invasion.
I must of forgotten a lot of the details because it was so long ago... Could anyone care to explain?
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Post by Ganon83 on Jan 5, 2014 17:30:47 GMT -5
ECW went bankrupt, Vince just bought the tapes and the trademarks.
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Post by crowwreak was WRONG on Jan 5, 2014 17:44:08 GMT -5
ECW went bankrupt, Vince just bought the tapes and the trademarks. Except he hadn't finished doing that by the time they were on TV, and Tod Gordon complained, so that's why after Summerslam they stopped using the WCW and ECW names altogether |
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Post by Deleted on Jan 5, 2014 17:44:26 GMT -5
Yeah, Heyman didn't sell ECW. They went belly up in April 2001 and Vince bought anything valuable left shortly afterwards.
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Post by mcmahonfan85 on Jan 5, 2014 17:46:45 GMT -5
its obvious how he did it:  |
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Bo Rida
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Post by Bo Rida on Jan 5, 2014 17:52:05 GMT -5
Heyman sold ECW on ebay, as he had such a low feedback score and charged such high P&P (due to all the VHS tapes) Vince* got it relatively cheap.
*After Shane told Vince what the internet was and set up the relevant accounts for him
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Tony Schiavontay
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Post by Tony Schiavontay on Jan 5, 2014 18:07:55 GMT -5
Heyman sold ECW on ebay, as he had such a low feedback score and charged such high P&P (due to all the VHS tapes) Vince* got it relatively cheap. *After Shane told Vince what the internet was and set up the relevant accounts for him Yes, the name on that account WAS McMahon... |
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Post by MiLB Fan on Jan 5, 2014 19:41:47 GMT -5
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Post by DASH 243✅ on Jan 5, 2014 20:22:15 GMT -5
Heyman didn't sell ecw to vince. He traded it for a twinkie
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Post by Deleted on Jan 5, 2014 20:30:07 GMT -5
Vince never actually bought WCW.
He bought select assets such as the Name WCW and other trademarks, the wrestlers who were contracted to WCW (the bigger names were contracted to a different department of Turner - probably for corporate book keeping reasons)and other bits and bobs. WCW was renamed Universal Wrestling Corporation and stayed in business to deal with legal issues and to keep paying certain contracts.
Vince didn't actually end up with the trademarks of ECW and its tape library till like 2003 due to a lengthy legal battle.
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Post by Sparvid on Jan 5, 2014 21:59:13 GMT -5
ECW went bankrupt, Vince just bought the tapes and the trademarks. Except he hadn't finished doing that by the time they were on TV, and Tod Gordon complained, so that's why after Summerslam they stopped using the WCW and ECW names altogether He also used the ECW theme song without having the rights to it, resulting in a lawsuit and out of court settlement with Harry Slash. About WCW, IIRC Vince had the first option to buy it because of the lawsuit stemming from Scott Hall appearing as his WWF-owned persona, but declined. Then Bischoff and co tried to buy, but pulled out when they didn't have a TV time slot. And then Vince agreed to buy it for much less then the first offer had been. |
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ICBM
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Post by ICBM on Jan 5, 2014 22:20:08 GMT -5
Except he hadn't finished doing that by the time they were on TV, and Tod Gordon complained, so that's why after Summerslam they stopped using the WCW and ECW names altogether He also used the ECW theme song without having the rights to it, resulting in a lawsuit and out of court settlement with Harry Slash. About WCW, IIRC Vince had the first option to buy it because of the lawsuit stemming from Scott Hall appearing as his WWF-owned persona, but declined. Then Bischoff and co tried to buy, but pulled out when they didn't have a TV time slot. And then Vince agreed to buy it for much less then the first offer had been. Winner! Man I hate being reminded about this. I remember the fall buyout rumors in 2000. Then we wcw fans(like all 12 of us who were left) got excited about the Bischoff/Fusient deal rumors. Hell I even saw a CNN story about the relaunch under EB. The time that deal fell apart and vince stepped in was light speed man. I was over seas and couldn't even keep up BC of the time difference but seriously it was like days. The ECW stuff was more intricate. So many people were owed by ECW that all who wanted to claim owed monies were entitled to state their case in the bankruptcy proceedings. Lighting guys, camera folks, dozens of promoters and umm....wrestlers, all had to have their day but at risk of loss from attorney fees. I dunno if anyone recouped money as far as vendors. But as I understand it Vince simply outspent them and assumed some ECW liabilities after closing the bankruptcy. The gross from the DVD and PPV later that yr prolly paid that off in full and then some. A very good book called hardcore history chronicles the whole thing, outlines who was owed how much and some things the DVD never broached...ok a lot of things the wwe will never mention. |
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Post by Deleted on Jan 5, 2014 22:21:50 GMT -5
Except he hadn't finished doing that by the time they were on TV, and Tod Gordon complained, so that's why after Summerslam they stopped using the WCW and ECW names altogether He also used the ECW theme song without having the rights to it, resulting in a lawsuit and out of court settlement with Harry Slash. About WCW, IIRC Vince had the first option to buy it because of the lawsuit stemming from Scott Hall appearing as his WWF-owned persona, but declined. Then Bischoff and co tried to buy, but pulled out when they didn't have a TV time slot. And then Vince agreed to buy it for much less then the first offer had been. Yeah Vince had to pull out of the deal originally because TNN and UPN were not comfortably with them also airing WCW programming on TNT and TBS. Obviously when Nitro and Thunder was cancelled it became a non-issue. |
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Post by Andrew is Good on Jan 5, 2014 22:33:12 GMT -5
The whole issue with ECW might be one reason they didn't have ECW as a third brand in the mix, though they did keep using the ECW name for a little bit before the Alliance. So that whole Raw probably was a bad idea from the get go. I think a WWF, WCW and ECW feud, with babyfaces and heels in all groups would have been a positive, instead of having matches with X-Pac vs Billy Kidman where X-Pac would have been better suited as a heel, and Kidman vice/versa. Heels in the baby face group of WWE were kind of overshadowed and hurt by it, so if it was established more that many different groups had different motivations, things could have worked out a bit better, maybe.
But yeah, I think it was actually 2003 where they actually secured all the rights to ECW finally, and then in 2004 released the Rise and Fall of ECW.
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Post by Sparvid on Jan 6, 2014 2:34:45 GMT -5
Also, about ECW, the Dudley Boyz DVD from Pioneer was released in October 2001 (along with the Cactus Jack DVD). Joey Styles hosts it, and at the end talks about how even though the Dudleys made a return appearance in ECW in December 2000 to help them out, the company still went out of business. Yet Pioneer had still the rights to sell that.
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Cranjis McBasketball
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Post by Cranjis McBasketball on Jan 6, 2014 2:39:27 GMT -5
Didn't they recently let the trademark to ECW lapse and they had to go to court to get it back?
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chazraps
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Post by chazraps on Jan 6, 2014 2:56:26 GMT -5
Except he hadn't finished doing that by the time they were on TV, and Tod Gordon complained, so that's why after Summerslam they stopped using the WCW and ECW names altogether He also used the ECW theme song without having the rights to it, resulting in a lawsuit and out of court settlement with Harry Slash. The irony of someone from ECW suing anybody for using a song without the rights to it is outstandingly hilarious. |
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Post by MiLB Fan on Jan 6, 2014 6:53:37 GMT -5
Didn't they recently let the trademark to ECW lapse and they had to go to court to get it back? Sort of. Some group called Mocker LLC did file a trademark application for "ECW." However, the US Patent & Trademark Office refused their application based on WWE still owning active trademarks on "ECW Vixens" and "ECW Rebels." One thing I don't think the news sites mentioned at the time was that WWE did have a live trademark on the ECW name itself; it was for videos and registered to the company's subsidiary, WWE Libraries. |
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Post by SAJ Forth on Jan 6, 2014 12:52:16 GMT -5
Strange just how easily he swooped in on both promotions.
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