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Post by Killah Ray on Oct 5, 2016 12:10:52 GMT -5
So does that mean WWE has first choice on keeping any new material that TNA produces? I'm confused because I thought that selling the library was the death nail.
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Deleted
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Post by Deleted on Oct 5, 2016 12:11:39 GMT -5
If that is true, Corgan is a bigger damn fool than I could have expected. Honestly, seems like a good way to go about it. The best way to do anything with TNA right now probably would be dump the tape library, dump its history, and just pretend it's a whole new company that just has the existing infrastructure, TV contracts, and roster. |
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Post by corndog on Oct 5, 2016 12:13:57 GMT -5
Can't wait for TNA shows to appear on the Network and Dixie still denies doing business with them.
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Post by J Lee O'Brien on Oct 5, 2016 12:14:15 GMT -5
If that is true, Corgan is a bigger damn fool than I could have expected. Honestly, seems like a good way to go about it. The best way to do anything with TNA right now probably would be dump the tape library, dump its history, and just pretend it's a whole new company that just has the existing infrastructure, TV contracts, and roster. And the same debts, stigma, and general ill-will. People likely won't see it as a new company, but TNA V2.5. ...or Malibu Stacy with a new hat. |
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xCompackx
Wade Wilson
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Post by xCompackx on Oct 5, 2016 12:14:23 GMT -5
As long as Dixie is out entirely, I think most people would be perfectly fine with WWE getting the library and Corgan doing his own thing with the company.
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Deleted
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Post by Deleted on Oct 5, 2016 12:18:31 GMT -5
Apparently Billy is loved by the wrestlers (paying them tends to do.that though) so him basicaly starting a new company off the tna contracts could be interesting. Who knows who he could bring back with the promise of no Dixie?
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Post by Mister Pigwell on Oct 5, 2016 12:21:43 GMT -5
Apparently Billy is loved by the wrestlers (paying them tends to do.that though) so him basicaly starting a new company off the tna contracts could be interesting. Who knows who he could bring back with the promise of no Dixie? So basically what GFW was supposed to be. |
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FHgrad99
Vegeta
Never mind that s***, here comes Mongo!
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Post by FHgrad99 on Oct 5, 2016 12:29:50 GMT -5
If Dixie Carter is out of the picture with Billy Corgan's new company then that company is already off to a good start. It sounds like selling the tape library to the WWE is a sign of Corgan starting a new company with a clean slate. |
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Reflecto
Hank Scorpio
The Sorceress' Knight
Posts: 6,847
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Post by Reflecto on Oct 5, 2016 12:36:18 GMT -5
Honestly, seems like a good way to go about it. The best way to do anything with TNA right now probably would be dump the tape library, dump its history, and just pretend it's a whole new company that just has the existing infrastructure, TV contracts, and roster. And the same debts, stigma, and general ill-will. People likely won't see it as a new company, but TNA V2.5. ...or Malibu Stacy with a new hat. Even that's not totally fair, since this move is pretty clearly "Buy TNA outright, rebrand it and make its new history (trying to take the TNA stigma away from it)- then as your first order of business, sell the tape library to WWE and use that money to pay off as much outstanding debt as possible to start basically fresh" (which is...well, SMART.) Since even the most doom and gloom people were saying TNA was about $2 million in debt and WWE's apparent first offer was $1.35 million for the library, it's not unlikely Corgan could have counter-priced WWE with "give us $2 million (or the exact number) to wipe out all our debts so I can start fresh"- and from all we've seen of Vince McMahon in the past, he would gladly agree to that price increase for the competition. |
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Post by Tessmachers-Ass-Fan on Oct 5, 2016 12:38:05 GMT -5
...or Malibu Stacy with a new hat.  |
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Post by J Lee O'Brien on Oct 5, 2016 12:42:46 GMT -5
And the same debts, stigma, and general ill-will. People likely won't see it as a new company, but TNA V2.5. ...or Malibu Stacy with a new hat. Even that's not totally fair, since this move is pretty clearly "Buy TNA outright, rebrand it and make its new history (trying to take the TNA stigma away from it)- then as your first order of business, sell the tape library to WWE and use that money to pay off as much outstanding debt as possible to start basically fresh" (which is...well, SMART.) Since even the most doom and gloom people were saying TNA was about $2 million in debt and WWE's apparent first offer was $1.35 million for the library, it's not unlikely Corgan could have counter-priced WWE with "give us $2 million (or the exact number) to wipe out all our debts so I can start fresh"- and from all we've seen of Vince McMahon in the past, he would gladly agree to that price increase for the competition. This is also presuming Corgan bought Majority first, because I wouldn't put it past Dixie to sell the library, keep that money, THEN sell majority. Also, without further details, Dixie only sold the Majority, so she could very well still be a big part of Corgan's rebranded TNA. I guess I'm just highly skeptical of the intelligence of this deal, like...it looks fine on the surface, but nagging suspicions towards those involved, etc... |
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the2ndevil
Grimlock
Super Seducer Survivor
Where Is Your Santa, Now?
Posts: 13,637
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Post by the2ndevil on Oct 5, 2016 12:52:25 GMT -5
Does this mean Billy also purchased TNA's debt?
If he had his eye on any of the talent, Vince may be playing the long game.
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Deleted
Deleted Member
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Post by Deleted on Oct 5, 2016 12:53:57 GMT -5
Does this mean Billy also purchased TNA's debt? If he had his eye on any of the talent, Vince may be playing the long game. The rumor is the tape library sell will be to pay off TNA's debt. It tracks right with the word on how much WWE was offering and how much debt TNA has, the tape library sell would cover a major chunk of it. |
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Post by OVO 40 hunched over like he 80 on Oct 5, 2016 12:56:55 GMT -5
I don't believe the wwe getting involved in this mess. I don't buy them buying the video library and letting them continue.
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Gawk Rivers
Ozymandius
MAMMA MIA! CRUISERLICIOUS!
GIIIGIIIGIIIGIIIGIGI
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Post by Gawk Rivers on Oct 5, 2016 13:01:10 GMT -5
Despite all his rage he wants this company to turn a new page
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Post by J Lee O'Brien on Oct 5, 2016 13:06:01 GMT -5
Does this mean Billy also purchased TNA's debt? If he had his eye on any of the talent, Vince may be playing the long game. The rumor is the tape library sell will be to pay off TNA's debt. It tracks right with the word on how much WWE was offering and how much debt TNA has, the tape library sell would cover a major chunk of it. This could also be Dixie and Co. trying to blow smoke up the sheetz's collective asses. We really just don't know enough, or have anything concrete yet. (Also, I'll gladly eat my words if this works out to the positive.) |
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Post by Tiger Millionaire on Oct 5, 2016 13:11:24 GMT -5
It's over, isn't it?
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Aya Reiko
Team Rocket
Judgement Day is here.
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Post by Aya Reiko on Oct 5, 2016 13:25:31 GMT -5
So basically WWE buys the library (and presumably the name), while Corgan gets to rebuild with the rest. And Ditzy gets the corner office, largely to be ignored.
Sounds like a win-win for all.
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Post by Alyce: Old Media Enthusiast on Oct 5, 2016 13:25:55 GMT -5
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Deleted
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Post by Deleted on Oct 5, 2016 13:43:25 GMT -5
It's a smart move by Corgan if the debt he inherited is offset by the selling of the tape library and the TV deal still exists. He will need to do a lot of work to create new revenue streams so they actually resemble a company looking to make money down the road but killing off the debt and rebranding the tainted name is a start.
It does seem like GFW with a TV deal, though.
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