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The W - Pro Wrestling - Is TNA profitable?
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JustinShapiro
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Since: 12.12.01
From: Pittsburgh, PA

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#1 Posted on | Instant Rating: 8.54
It's come up in threads here a few times before. Here's what Dave Meltzer wrote this week re: if there was evidence that TNA was losing money:


    They are 4-6 months behind at times in paying talent for out dates.

    They are often months behind in paying vendors.

    When the CFO has recruited different people to work for the company he talks about how they are bleeding money.

    When they universally have the best atmosphere at TV, their top priority, last week in Fayetteville, they then cancel the idea of future monthly non-Impact Zone tapings for months because of the cost involved. The first sign of the company getting finances to where at least they aren't losing too much where they are worried about short-term spending would be when the tapings away from Orlando become monthly, because everyone accepts that is the next move that has to be made.

    Multiple people who know telling me.

    The entire role of Janice Carter in TNA

    Aside from that, we have no evidence at all.



I think "out dates" are guys' indy bookings that are made through TNA.

Janice Carter's role in TNA is to oversee the budget because they were spending too much.

(edited by JustinShapiro on 11.3.11 1521)
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It's False
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Since: 20.6.02
From: I am the Tag Team Champions!

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#2 Posted on | Instant Rating: 8.96
Regardless of what "out dates" mean, if you see the words "behind at times in paying talent", you can probably insert your favorite Paul Heyman joke here.

TNA isn't something I'd imagine wrestlers go to for a big payday. It's something they go to for a lighter traveling schedule (Jeff Hardy), valuable exposure to a wider audience (Mickie James the first time), an alternative to working for the sometimes-Draconian WWE environment (Mickie James the second time), or resurrecting a fallen career (Victoria).

TNA really does provide a valuable service for talent that can't (or refuse) to work for WWE. I'd hate to think they're in danger, but if they are, they have no one to blame but themselves. This company has always had such great potential, but...well, for lack of a better way to put it, they're constantly pulling a WCW to their own detriment.

For example, they COULD have made good money off the Sting return. Regardless of how bush league it might have been to steal the Undertaker vignettes, it still created a buzz and Sting's return could have sold a good number of PPV's with that kind of buildup. Instead, they hotshotted his return and immediately put him over Jeff Hardy for the title. It's insanely counterproductive how many lost PPV sales that move cost them and it's the kind of thing TNA does ALL THE TIME.

(edited by It's False on 11.3.11 1226)



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PaulKTF
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Since: 26.5.06

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#3 Posted on | Instant Rating: 1.00
My god, they really are repeating the same mistakes WCW made, right down to how they handle who they hire and why; and what it costs them (and I don't mean just in a financial sense).

The real question is how long will it be before Panda Energy decides this whole wrestling thing isn't worth the investment?

(edited by PaulKTF on 11.3.11 1442)
BigDaddyLoco
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Since: 2.1.02

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#4 Posted on | Instant Rating: 5.00
I've always been curious as to what exactly Panda Energy is, because that has always seemed a little hazy too. Are their pockets really so deep that this is a great write off for them, or are they a bunch of mismanaged bumbling fools as well?

The thing about WCW that always gets overlooked is that if Ted Tuner never sold it away with everything else it would have just kept on going, because he liked owning a wrestling company. At least that's the way I always understood it.


Matt Tracker
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Since: 8.5.03
From: North Carolina

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#5 Posted on | Instant Rating: 8.47
I'm curious about the motivations of the wrestlers who are aware of the bad financial situation. I understand that each would approach it differently. Do some see TNA as a potential contender and moneymaker and consider their current time as an investment to greater success? Do they consider the TV time as a portfolio builder for a WWE shot?

How many are doing this because they really love the business? And how many of those do TNA feel can be treated shabbily because they won't walk away?

I feel bad for some TNA guys even if I don't know what they're motivations are. Sometimes I assume I know which wrestlers belong in the above categories.

I guess I need to know if a part-time TNA gig pays more than a full-time stint with, say, ROH.



"To be the man, you gotta beat demands." -- The Lovely Mrs. Tracker
PaulKTF
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Since: 26.5.06

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#6 Posted on | Instant Rating: 1.00
Ted Turner continued to fund WCW because he loved and respected wrestling to the point where he was willing to lose money just to keep it on TBS and TNT.

But does Bob Carter share that same love for wrestling?
hansen9j
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Since: 7.11.02
From: Riderville, SK

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#7 Posted on | Instant Rating: 8.59
    Originally posted by PaulKTF
    But does Bob Carter share that same love for wrestling?
Does Bob Carter share that same love for his daughter? (Well, clearly, otherwise the plug would have been pulled int he past.)
    Originally posted by Matt Tracker
    I guess I need to know if a part-time TNA gig pays more than a full-time stint with, say, ROH.
If you're AJ Styles or Samoa Joe, probably yes. If you're Shark Boy or Homicide, probably not (but only because you'd get more bookings from other indies). TNA would be a more-reliable/less-effort-getting-bookings kind of job though, and that's worth something.



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thecubsfan
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Since: 10.12.01
From: Aurora, IL

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#8 Posted on | Instant Rating: 9.11

    I guess I need to know if a part-time TNA gig pays more than a full-time stint with, say, ROH.


Most of the guys in both are being paid by appearance. I would guess TNA generally pays more per appearance (though not for the women and some of the guys at the very lower end), so it all depends on how often they use you. ROH guys are free to work (almost) any indy they can find in addition to ROH, TNA guys bookings are all up to TNA. It really depends on the wrestler.



thecubsfan.com - luchablog
PaulKTF
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Since: 26.5.06

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#9 Posted on | Instant Rating: 1.00
Any wrestling company that is still calling themselvse "TNA" 8 years into their existence is one that doesn't take itself seriously.

If they ever really wanted to start to be competative; they would have changed it years ago. Apparently they picked the name because in the begining; they thought they would fool people who thought it was porn into ordering their weekly Pay-Per-View.

(edited by PaulKTF on 11.3.11 1615)
Mr. Boffo
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Since: 24.3.02
From: Oshkosh, WI

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#10 Posted on
    Originally posted by BigDaddyLoco
    I've always been curious as to what exactly Panda Energy is, because that has always seemed a little hazy too. Are their pockets really so deep that this is a great write off for them, or are they a bunch of mismanaged bumbling fools as well?

Panda Energy is a company that builds "green" (environmentally friendly) power plants. It's private-held, so no information about its finances is available.
StaggerLee
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Since: 3.10.02
From: Right side of the tracks

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#11 Posted on | Instant Rating: 3.43
From the Panda Energy wikipedia page:
Total Nonstop Action Wrestling
Main article: Total Nonstop Action Wrestling

In October 2002, Panda Energy purchased a controlling interest (72%) of the Nashville, Tennessee-based professional wrestling promotion Total Nonstop Action Wrestling from founder and CEO Jerry Jarrett.[citation needed] The seemingly unlikely acquisition came about after Dixie Carter, the daughter of Robert W. Carter and a TNA publicist, contacted her father and persuaded him to purchase the company (which was facing bankruptcy after a major financial backer withdrew their support).

On October 31, 2002, Panda Energy created the limited liability company TNA Entertainment in order to administer TNA. While Jeff Jarrett, the former President of TNA, was appointed Vice President, the majority of other management positions were filled by former Panda executives. Chris Sobol, the Panda Manager of Business Development, was appointed Vice President of Operations, and Frank Dickerson (and later Kevin Day) was appointed chief executive officer, while Dixie Carter was made President.



SO, they have Panda guys "running" the company, with Dixie being "President". Who owns the other 28%? The Jarretts?
BigDaddyLoco
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Since: 2.1.02

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#12 Posted on | Instant Rating: 5.00
    Originally posted by thecubsfan

      I guess I need to know if a part-time TNA gig pays more than a full-time stint with, say, ROH.


    Most of the guys in both are being paid by appearance. I would guess TNA generally pays more per appearance (though not for the women and some of the guys at the very lower end), so it all depends on how often they use you. ROH guys are free to work (almost) any indy they can find in addition to ROH, TNA guys bookings are all up to TNA. It really depends on the wrestler.


If nothing else I would think that people in TNA would get a better indy rate than guys who are just indy or are in ROH. For the average wrestling fan who sees a local show and is thinking about going few extra names he knows from TV might be enough for him to attend. Just throwing Abyss or even The Amazing Red on your card makes it sound like a bigger deal. So, overall I would think being in TNA is a good career move even if they don't know what to do with you.



geemoney
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Since: 26.1.03
From: Naples, FL

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#13 Posted on | Instant Rating: 9.17
Not sure if this was linked here, but this is a story from September as it relates to wrestler pay and how they go about doing Indy bookings:

http://www.cagesideseats.com/2010/9/29/1719902/an-examination-of-tnas-appalling-treatment-of-talent

And here's a follow-up about working conditions from a few days ago:

http://www.cagesideseats.com/2011/3/7/2035024/working-conditions-in-tna-a-detailed-analysis#storyjump
Scottyflamingo
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Since: 23.6.10
From: Auburn, AL

Since last post: 275 days
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#14 Posted on | Instant Rating: 2.77
At this point, they should try and get rid of every single "name" they have to see if it would significantly effect ratings and buys. It certainly hasn't seemed to help regardless of who they have brought in. You'd have to think they could cut a lot of red ink by getting rid of

Hogan
Bischoff
Sting
Angle - Has done everything he can do in TNA and they really need to focus on younger guys.
RVD
The Hardys - They sell merch, but Jeff seems like a timebomb.

ekedolphin
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Since: 12.1.02
From: Indianapolis, IN; now residing in Suffolk, VA

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#15 Posted on | Instant Rating: 3.75
    Originally posted by Scottyflamingo
    At this point, they should try and get rid of every single "name" they have to see if it would significantly effect ratings and buys. It certainly hasn't seemed to help regardless of who they have brought in. You'd have to think they could cut a lot of red ink by getting rid of

    Hogan
    Bischoff
    Sting
    Angle - Has done everything he can do in TNA and they really need to focus on younger guys.
    RVD
    The Hardys - They sell merch, but Jeff seems like a timebomb.




Before they did that, they'd have to put some of their own talent in those positions. And in any event these people have contracts and you can't simply release them at a whim.

Also, Matt's every bit the timebomb that Jeff is, unfortunately.



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