The following press release was issued today basically announcing that Anthem Sports & Entertainment, which is the parent company of the Fight Network, will be funding TNA going forward and that they will also be responsible for all major decisions going forward.
While Dixie Carter remains with the company, effectively, she is out of power and Anthem is in control. The press release also states that Billy Corgan is gone from the company, which would lead one to believe he has been paid his loan back. More as we get it, but here is the press release, which was jointly issued by TNA and Anthem:
Anthem Sports & Entertainment and Impact Ventures Announce Credit Relationship
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.”
About Anthem Sports & Entertainment Corp.
Anthem Sports & Entertainment Corp. is a global leader in operating targeted specialty video channels on linear, digital and mobile platforms with offices and studios in New York, Toronto, Las Vegas and Los Angeles. Anthem’s portfolio includes Fight Network, the world’s premier combat sports channel now broadcasting in the U.S., Canada and over 30 other countries, Fantasy Sports Network (FNTSY), the world’s first and only channel dedicated to fantasy sports, RotoExperts.com, a leader in fantasy sports news and analysis, DailyRoto.com, the most comprehensive and far-reaching daily fantasy sports website and Edge Sport, an extreme and action sports network recently launched in Canada in partnership with IMG. Anthem also has a significant ownership interest in Pursuit Channel, one of the top outdoor channels in the U.S. available in over 40 million homes, and it owns SportsGrid.com, a leader in general sports entertainment commentary.
FACT: TNA was supposed to pay me to 2 days ago, which they swore to in front of a judge. Yesterday they asked for a day to 'get $ together'
Krishan hat geschrieben:Billy Corgan bei twitterFACT: TNA was supposed to pay me to 2 days ago, which they swore to in front of a judge. Yesterday they asked for a day to 'get $ together'
- Die haben Billy Corgan imemr noch nicht bezahlt.
In an article published this morning, The Post's Richard Morgan, who has been regularly reporting on the story, wrote that Corgan would, citing sources, get his $1.8 million investment in TNA back "when he asks for it."
While I have nothing to confirm this is happening, there is a belief among some that I've heard from in the last 24 hours that an official announcement that Anthem Sports and Entertainment has officially purchased TNA and its parent company Impact Ventures LLC from Dixie Carter. There's been a lot of speculation as to what this means for Carter going forward, but the expectation of all I've spoken to is that she's done with the company in terms of having any true position of power and Ed Nordholm of Anthem will be the lead person going forward. We've heard Nordholm is very business-oriented. He has been favorably talked about by several TNA talents.
Jeff Jarrett is out as Global Force Wrestling’s Chief Creative Officer, and the move has the potential to have a wide-reaching impact within the professional wrestling industry.
GFW released a statement that Jarrett needed to focus on personal issues. When asked for clarification on Jarrett’s status, GFW’s parent company, Anthem Sports and Entertainment, declined comment.
Jarrett’s exit creates an entire realm of possibilities for GFW, which, up until 2017, was known as TNA Impact Wrestling.
GFW is hemorrhaging funds, and sources close to the situation have confirmed that Anthem is ready to withdraw itself from the wrestling industry and sell GFW. Anthem even needed to gut the Fight Network in order to finance GFW.
Another wrinkle to the story is that Jarrett still owns the name of Global Force Wrestling, so Anthem would be selling Impact Wrestling.
Yet, despite the entire ordeal, wrestling is all about commodities, and Anthem has a worthwhile commodity if it decides to sell GFW/Impact primarily due to its tape library.
WWE tops the list of potential suitors, as the tape library is extremely valuable. A number of WWE’s top stars, including AJ Styles, Samoa Joe, and Bobby Roode, as well as Raw GM Kurt Angle, all produced some incredibly compelling work in TNA. If the company were ever to pursue Ring of Honor’s Jay Lethal, he also has entertaining work from TNA with his Randy Savage-inspired “Black Machismo” character, as well as his Ric Flair impersonation.
If WWE decides to purchase GFW/Impact, the Hardys stand to benefit most. WWE would then own the “Broken Universe” intellectual property, and “Broken” Matt and Brother Nero would mesmerize WWE audiences with their “Broken Brilliance”.
A key part of any potential deal is the presence of John “Big” Gaburick, who is still a part of the GFW creative team. Gaburick is extremely close with Kevin Dunn, who is WWE’s Executive Vice President of Television Production.
Anthem could also consider selling to Ring of Honor or even open up discussions with former TNA investor and Smashing Pumpkins icon Billy Corgan, but Jarrett’s exit opens the door for WWE to make Anthem an offer it cannot refuse.